Author: Asher, Odaily Odaily
At 8 o'clock tonight, the long-awaited "hot" TON ecosystem Meme coin DOGS was officially launched. OKX market data shows that the price of DOGS once hit $0.0018 and then fell back to $0.0012, and FDV is temporarily reported at $680 million. As a completely "0-cost" project, judging from the sentiment on social media, this DOGS airdrop is still mixed:
- "My dream is shattered. I thought I could get a lot of good income for free through DOGS by creating a lot of TG accounts, but the tokens originally given to most accounts were "cleared", and the coins recharged to Binance were also cleared."
- "After all the hassles, I still decided to deposit to Binance to get the highest benefits. The most I could earn was not much, but it really didn't take much time or cost. I am satisfied. Thanks to DOGS for the pork trotter rice."
- "DOGS plummeted by more than 20% as soon as it went online, and I lost money as soon as I participated in pre-market trading."
In general, although some studios were judged as witch accounts by the project party due to IP and other issues and did not receive the airdrop, most real users can still earn a "pig trotter meal" by "0" and participating in various activities and airdrops of the exchange. Next, Odaily Odaily will take you to review the TON ecological meme coin DOGS that has become the "new favorite" of major exchanges.
Major exchanges: Grab DOGS and airdrop to attract new users
DOGS can be said to be a phenomenal project in this period. Even if you did not participate in the early airdrop, you may have seen the project repeatedly through promotion and community browsing. It is widely known mainly because major exchanges have rushed to list DOGS, and some exchanges have even spent a lot of money to airdrop DOGS in order to attract new users.
On the one hand, major exchanges have listed DOGS:
- Binance: On August 21, Binance Launchpool will list DOGS (DOGS), and will list DOGS (DOGS) at 20:00 today (UTC+ 8), and open DOGS/USDT, DOGS/BNB, DOGS/FDUSD and DOGS/TRY trading markets, applicable to seed tag trading rules. At the same time, it was announced that the DOGSUSDT perpetual contract will be listed at 20:30 today (UTC+ 8), supporting up to 75 times leverage;
- OKX: On August 5, OKX launched the DOGS/USDT delivery contract in pre-market trading, and will open spot trading at 20:00 today (UTC+ 8). At the same time, it was announced that it will be launched at 20:30 today (UTC+ 8);
- Bitget: On July 11, Bitget launched DOGS pre-market trading and will open spot trading at 20:00 today (UTC+ 8). At the same time, it was announced that DOGS will be listed on Bitget PoolX, and staking USDT will earn rewards;
- …
On the other hand, major exchanges attract new users to open accounts and recharge DOGS by airdropping DOGS. According to community feedback, the activities of each exchange are as follows:
- Binance: The first 500,000 people who deposit DOGS to Binance will receive 20,000 coins, and those who deposit after 500,000 will receive 10,000 coins;
- Bitget: Deposit DOGS to Bitget (registration required): 1:1 for new users (upper limit), 1:0.5 for old users (upper limit);
- Bybit: New users who meet the basic conditions through the designated invitation link will be given 150,000 DOGS (with an upper limit);
- Gate.io: New users will get double cashback for depositing DOGS, and old users will get 1:1 cashback (with trading tasks and a total reward amount of 50,000 USD);
- …
81.5% of the token supply is owned by the community with no lock-up period
For DOGS, the project’s black and white dog image was inspired by Telegram founder Pavel Durov, who drew the iconic dog Spotty for a charity auction in support of an orphanage.
According to official Telegram information, DOGS is not an ordinary commemorative coin. It is the most Telegram-featured commemorative coin, reflecting the vibrant community spirit and culture. The team brought Spotty's tradition into the world of cryptocurrency, creating an interesting, community-oriented, and unique cryptocurrency. For an introduction to DOGS and information about previous airdrops, please refer to this article: TON Ecosystem's Latest Explosive Item: DOGS Has More Than 1.8 Million Users in Two Days of Launch, and the OTC Point Price Is Nearly 2 Cents.
Black and white dog image
On August 15, DOGS released the token economics in the Telegram community. The total supply of DOGS tokens is 550,000,000,000. The specific distribution method is:
- 81.5% belongs to the community (no lockup): of which 73% belongs to Telegram OGs (who earn DOGS in the app); 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-related activities on CEXs and DEXs.
DOGS Unveils Its Token Economics
summary
The advantages of the DOGS project include high participation due to community-driven, recognizable unique space themes, and potential development prospects, such as expanding application scenarios through cooperation with space tourism companies. However, there are also certain risks, such as high market volatility, regulation, uncertainty in the project's technological development and team execution capabilities, and lack of intrinsic value support.
Odaily Odaily reminds that since major exchanges have launched DOGS contract trading, short-term traders must control risks and participate rationally regardless of long or short DOGS.
