With the upcoming listing of Dogs token on Binance, I've received numerous requests to share insights about this highly anticipated event. Here's what you need to know:
Dogs token, built on the TON blockchain, has generated significant buzz due to its massive airdrop campaign on Telegram, which saw participation from millions of users. The airdrop will be distributed among 42 million participants, a staggering number that sets the stage for a widely held token.
In addition to the airdrop, participants in the Binance Launchpool will also receive Dogs tokens, further expanding its reach.
Predicting the listing price of Dogs is challenging, but we can make an educated estimate based on historical data. The average market capitalization of tokens launched on Binance through the Launchpool program is between $350-$500 million. Assuming Dogs launches with a $500 million market capitalization and a total supply of 550 billion tokens, with a circulating supply of 516.75 billion at launch, the estimated average price could range from $0.0006 to $0.00097.
However, I advise caution when considering buying Dogs immediately after its launch. With millions of users receiving the token for free, it's likely that many will sell their shares, potentially leading to market volatility. It may be wise to wait for the token to establish a stable base price before making a purchase.
