🔥 Hot projects are coming:
The TON ecosystem Meme coin DOGS, which the community has been looking forward to, will be officially launched! According to the OKX market, the price of DOGS once hit $0.0018 and then fell back to $0.0012, with the FDV temporarily reported at $680 million. As a completely "0-cost" project, the response to this DOGS airdrop was mixed:
"My dream is shattered. I thought I could earn good returns for free through DOGS by opening many TG accounts, but in the end, most of the account tokens were "cleared" and the coins I recharged to the exchange were gone."
"After all the hassles, I still think that depositing to the exchange offers the best benefits. Although the returns are not much, it doesn't take much time or cost, so I am satisfied. Thanks to DOGS for the "pork trotter rice"."
"DOGS crashed by more than 20% after it went online, and those who participated in pre-market trading suffered direct losses";
In general, although some accounts were judged as Sybil accounts and did not receive airdrops, most real users still gained certain benefits through "0-for-nothing" and exchange activities. Next, let's review this DOGS that was once popular on major exchanges.
Major exchanges are competing to list DOGS!
DOGS has become a recent phenomenon. Even if you did not participate in the early airdrops, you may have seen it frequently on social media. Major exchanges have rushed to buy DOGS, and some exchanges have even spent a lot of money on airdrops in order to attract new users.
The listing status of major exchanges is as follows:
Binance:
On August 21, Binance Launchpool will list DOGS, and will list DOGS (DOGS) at 20:00 (UTC+8) today, opening DOGS/USDT, DOGS/BNB, DOGS/FDUSD and DOGS/TRY trading markets. At 20:30 (UTC+8) on the same day, DOGSUSDT perpetual contracts will also be launched, supporting up to 75x leverage.OKX：
On August 5, OKX launched the DOGS/USDT delivery contract in pre-market trading, and will start spot trading at 20:00 (UTC+8) today. The DOGSUSDT perpetual contract will also be launched at 20:30 (UTC+8).Bitget：
On July 11, Bitget launched DOGS pre-market trading, and will open spot trading at 20:00 (UTC+8) today. At the same time, DOGS will also be listed on Bitget PoolX, and staking USDT will earn rewards.
Airdrop activities of major exchanges
1. Binance:
The first 500,000 users who deposit DOGS to Binance will receive 20,000 DOGS, and those who deposit after the 500,000th will receive 10,000 DOGS.
2. Bitget：
Deposit DOGS to Bitget (registration required): 1:1 gift for new users (upper limit), 1:0.5 gift for old users (upper limit).
3. Bybit：
New users who specify the invitation link will receive 150,000 DOGS (with an upper limit) if they meet the conditions.
4. Gate.io：
New users will get double cashback for recharging DOGS, and old users will get 1:1 cashback (with trading tasks, the total reward amount is 50,000 US dollars).
DOGS project background and advantages
The story behind the DOGS token:
The black and white dog image of DOGS comes from Telegram founder Pavel Durov, who drew the iconic dog Spotty at a charity auction. DOGS is not only a commemorative coin, it represents the spirit and culture of the Telegram community, bringing Spotty's tradition into the cryptocurrency world.
Token Economics:
Total supply: 550 billion.
Allocation method:
81.5% belongs to the community (no lock-up period): 73% belongs to Telegram OGs, and the rest is used to reward traders, creators and future community members.
10% is allocated to the team and future development.
8.5% is reserved for liquidity and listing activities on CEX and DEX.
summary
The advantages of the DOGS project include a highly engaged community-driven, unique space theme, and potential development prospects (such as cooperation with space tourism companies, etc.). However, we should also pay attention to risks such as high market volatility, regulatory risks, uncertainty in project technology development and team execution capabilities, and lack of intrinsic value support.
Warm reminder: As major exchanges have launched DOGS contract trading, short-term traders, whether long or short DOGS, must pay attention to risk control and participate rationally.
