Exploring DOGS Tokenomics and Exchange Activities Across Major Platforms

We mentioned the meme coin DOGS on the TON chain in July, and it has recently surged in popularity again. One of the reasons is that DOGS utilizes a free token airdrop mechanism for Telegram users, which has led to a substantial user base. According to official data, DOGS now has 43.3 million users. More importantly, DOGS is approaching its TGE (Token Generation Event), and multiple exchanges have announced promotions offering DOGS as rewards for deposits, sparking intense competition.

Based on pre-market prices across exchanges, DOGS' current market cap is approximately $1 billion. This article will break down DOGS' tokenomics and outline the various activities conducted by major exchanges regarding DOGS.

For an introduction to the DOGS project, visit the following link:https://www.wikibit.com/en/202407115374246021.html

DOGS Distribution Method

Below is a step-by-step guide to joining the DOGS community and earning tokens:

1) Join the Dogs Bot: Access the Dogs Bot on Telegram.

2) Launch the Bot: After joining, click the “Start” button. The bot will guide you through the entire process.

3) Check Your Telegram Usage: The bot will ask you to verify your Telegram usage duration. The longer you've used Telegram, the more DOGS tokens you will receive.

4) Receive Your DOGS Tokens: After verification, the bot will reward you with DOGS tokens based on your Telegram activity.

5) Share with Friends: Inform your friends about the Dogs Bot. The more people join, the stronger the community, potentially increasing the value of DOGS tokens.

DOGS allocates tokens based on Telegram account age, Telegram Premium subscription status, and user activity.

Tokenomics

DOGS has released its tokenomics within the Telegram community, with a total supply of 550,000,000,000 tokens, distributed as follows:

81.5% allocated to the community (no lockup):

1) 73% distributed to Telegram OGs who earned DOGS within the app;

2) The remaining portion is used to reward traders, creators, and future community members;

10% allocated to the team and future development;

8.5% reserved for liquidity in CEX and DEX, as well as for listing-related activities.

Key Token Extraction Dates

DOGS tokens have not yet officially launched on exchanges, and current trading is in the pre-market stage. The official page indicates that after the TGE, tokens can be withdrawn to Binance, OKX, Bybit, Bitget, and Gate.io.



Key dates to note:

• The deadline to claim DOGS tokens on trading platforms and Telegram wallets is August 23, 24:00 (Beijing Time);
• Claiming non-custodial wallets will be available from August 26, 16:00 (Beijing Time);
• TGE and listing will occur on August 26, 20:00 (Beijing Time).

Exchange Promotions

Binance: Launchpool Event

On August 21, 2024, Binance announced the 57th project for its Launchpool, Dogs (DOGS). Users can stake BNB and FDUSD in separate pools to farm DOGS tokens over three days. Binance Launchpool offers rewards of 22,000,000,000 DOGS (4% of the total token supply). DOGS will be listed for trading on Binance at 12:00 (UTC) on August 26, with DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY trading pairs.

Bybit: Deposit/Trading Promotion for New/Existing Users

Bybit has launched a promotion offering a total prize pool of 2,475,000,000 DOGS (0.45% of the total supply) for new and existing users.

New Users: Register during the promotion and complete Task 1: Deposit at least 1,000,000 DOGS, or Task 2: Deposit 100 USDT and buy an equivalent of 100 USDT in DOGS.

Existing Users: During the promotion, trade at least 500 USDT worth of DOGS and share 550,000,000 DOGS based on individual and overall trading volume.

Bitget: DOGS Deposit Promotion

Bitget offers a DOGS deposit promotion with up to 1:1 airdrop rewards. During the promotion, new and existing users who achieve a net deposit of DOGS on-chain and a trading volume of 1,000 USDT (in any spot/contract pairs) will qualify for a proportional airdrop. New users enjoy a 1:1 airdrop return, with a maximum reward of 10,000 DOGS. Existing users enjoy a 1:0.5 airdrop return, with a maximum reward of 3,000 DOGS.

Gate.io: DOGS Recharge Promotion

New users enjoy double cashback, and existing users receive cashback based on net DOGS deposits. The promotion is limited to the first 10,000 eligible participants, with a total reward pool of $50,000 DOGS, subject to KYC2 and minimum trading volume requirements.

OKX: No Current Promotions