One could see a plethora of meme coins making their entry into the crypto realm at warp speed, and DOGS is one such new kid in town. Pavel Durov, founder of TON mascot Spotty DOGS, capitalized on his beloved role model and carried the culture from Telegram to blockchain. In this article, we are going to delve deep into DOGS, from its creation and tokenomics to the price predictions, their partnership with AAVE, and how you can get involved in it as well.
What is DOGS Token?
The vast majority of DOGS tokens will be utility tokens powered by the TON blockchain and used primarily within the DOGS community on Telegram. It aims to improve digital connections by allowing users to choose and exchange dog-related stickers as NFTs, among other functionalities.
Since then, the DOGS community has burst forth with 50 million active users and 15 million connected wallets.
Key Takeaways:
Name: DOGS Token
Inspired by: Spotty, The Telegram community mascot
Total Supply: 550 billion DOGS
Purpose : Community meme coin with philanthropic intent
Major exchange listings: Bitget, Bybit, Gate.io with effect from 23rd August 2024
Current Pre-Market Price: Approximately $0.001 USDT
Who is Behind DOGS Token?
DOGS token was created by a community-based approach that directly relates to the Telegram platform. Pavel Durov is the primary leader of the entire idea, though it has gained support from several developers and Telegram platform influencers.
The team has been primarily ensuring the token is not just a financial mint, but it becomes instrumental in acting as a token to barricade within the platform communities and contribute to various social activities such as sponsoring orphanages and children’s homes.
DOGS Tokenomics
The DOGS tokenomics encourage both active and long-term usage of the platform in Telegram. Here are the key aspects:
Total Supply: 550 billion DOGS
Community Distribution: 81.5% of the total supply, with 73% specifically reserved for “Telegram OGs” (original users).
Team and Development: 10% of the supply is intended to be used for hiring seasoned professionals for advanced development, with a 12-month vesting period.
Liquidity and Listing: It will allocate 8.5% of the supply into listing and liquidity in both CEXs & DEx market places
DOGS Airdrop: How to Participate
One of the most anticipated things about DOGS is its unique airdrop born to sate just complacent Telegram users. This is how you can participate :
#Step 1:
Sign Up For DOGS Telegram Bot – Here, you sign up by joining the DOGS Telegram Bot, from where it will validate your account age and activity. The older and more you use your account, the better the better the possibility that you will earn DOGS.
#Step 2:
Get Your Token – DOGS will be automatically added to your wallet once verified by the bot. You can also earn more through activities like subscribing to Telegram Premium, inviting friends, or following DOGS on social media.
#Step 3:
Withdraw Your Tokens – After the completion of a successful token generation event (TGE), you can withdraw your tokens to any TON-compatible wallet.
How to Buy DOGS Token
The DOGS token will be tradable on various major exchanges as of August 23, 2024. MEME and Innovation Zone will officially launch the token on Bitget (the first exchange); later, it will be listed on other exchanges, like Gate.io, KuCoin, and OKX. To buy dogs:
Register On a Supported Exchange: Register on Bitget if you want or any crypto exchange available.
Deposit: You will then need to depose USDT or one of their other supported coins on your account.
Trade USDT for DOGS: Locate the provided cryptocurrency pair under ‘DOGS/USDT’ and proceed to complete a trade.
DOGS Roadmap
Here is the DOGS long term plan to keep it alive and kicking!
DogHouseSwap Protocol: The DOGS Airdrop With Exchange Launches in Q3 2024
Q4 2024: Grow the TON ecosystem and add more exchanges to our listings.
Q1 2025: Telegram-based Mini Apps & Games (to further strengthen community engagement)
Q2 2025: Expand utility on top of Telegram and collaboration with other blockchain projects.
DOGS Price Prediction
DOGS: This candidate is impressive, although in its infancy. Going by the pre-market trading price of around $0.001 USDT per token (implying a nearly half-billion USD market cap),.
If DOGS breaks upwards the current resistance, analysts believe that it would reach $0.01800 ~$0.03000 USDT in a short amount of time! Nonetheless, if it loses momentum, then the price will tumble to its next support levels at $0.00500 and below that.
Bitget Partnership with DOGS and Gas-Free Airdrop
A major supporter of the DOGS token has been Bitget, a leading cryptocurrency exchange. Bitget has teamed up with the project to provide gas-free airdrop claims, enhancing the DOGS ecosystem further. This implies that users would then be able to get their dogs via the DogeLabs Telegram channel mini-app, handling a transaction without gas input. The WeePrime partnership illuminates Bitget’s dedication to TON. Indeed, this relationship highlights the resilience of an exchange like TON, including its function as one host responsible for the upcoming DOGS token listing on August 23, 2024.
Moreover, I mean, DOGS is a memecoin too, but it also represents how blockchain technology is increasingly being brought to the heart of social media platforms like Telegram. The innovative tokenomics, along with the backing of loyal community members and strategic partnerships like this support from Bitget are what sets DOGS up for success in a big way. Whether you are wanting to participate in the airdrop, purchase some of their tokens or simply watch along as they develop, DOGS is one project that seems interesting.
