DOGS Airdrop Imminent: Tokenomics and Latest Updates Explained
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DOGS Airdrop Imminent: Tokenomics and Latest Updates Explained
Mining will start on August 23 at 8:00 (UTC+8).
Navigating Web3 tides with focused insightsCompilation: Golden Finance
On August 21, 2024, Binance announced that its new Launchpool project, Dogs (DOGS), the 57th edition, is now live. The webpage is expected to go online within 24 hours prior to the pool launch. Users will be able to stake their BNB and FDUSD into separate pools to mine DOGS tokens over a three-day period, starting from 00:00 UTC on August 23. Binance will list DOGS at 12:00 UTC on August 26, opening trading pairs DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY. A seed tag will be applied to DOGS.
Launchpool Details
Token Name: Dogs (DOGS)
Maximum Token Supply: 550,000,000,000 DOGS
Initial Circulating Supply: 516,750,000,000 DOGS (93.95% of total token supply)
Total Mining Allocation: 22,000,000,000 DOGS (4% of maximum token supply)
Mining Period: August 23, 2024, 08:00 (GMT+8) to August 26, 2024, 07:59 (GMT+8)
About DOGS (DOGS)
DOGS (DOGS) is a meme coin designed to embody the spirit and culture of the Telegram community. DOGS stands out due to its unique background story. The token draws inspiration from Spotty, the unofficial mascot of VK (a Russian online social media platform), created by Pavel Durov during a charity auction. Spotty quickly became a beloved symbol, and now DOGS aims to bring this legacy into the world of cryptocurrency.
Spotty’s journey began when Pavel Durov, founder of VK, painted the iconic dog during a charity auction supporting orphanages. Spotty was more than just a painting—it became a symbol of care and philanthropy, with 100% of proceeds from Spotty-themed merchandise going toward helping orphanages and children's homes. Over the years, Spotty’s adventures have carried it from one of VK’s earliest sticker characters, to appearances at VK Fest, and even into space!
DOGS Tokenomics
DOGS released its tokenomics within the Telegram community. The total supply of DOGS is 550,000,000,000 tokens, allocated as follows:
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81.5% for the community (no lock-up): 73% allocated to Telegram OGs who earned DOGS through the app; the remainder reserved for rewarding traders, creators, and future community members;
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10% allocated to the team and future development;
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8.5% reserved for CEX and DEX liquidity and listing-related activities.
How DOGS (DOGS) Works
Joining the DOGS Community
Getting started with DOGS is simple and fun. Here’s a step-by-step guide to joining the DOGS community and earning tokens:
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Join the Dogs Bot: Find and join the Dogs Bot on Telegram.
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Start the bot: After joining, click the "Start" button. The bot will guide you through the entire process.
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Verify your Telegram usage: The bot will ask you to verify how long you’ve been using Telegram. The longer your usage history, the more DOGS tokens you may receive.
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Claim your DOGS tokens: Once verified, the bot will reward you with DOGS tokens based on your Telegram activity.
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Share with friends: Tell your friends about the Dogs Bot. The more people who join, the stronger the community becomes, potentially increasing the value of DOGS tokens.
DOGS Distribution Method
One of the most exciting aspects of DOGS is its distribution method. Unlike traditional mining or purchasing, DOGS tokens are distributed based on users’ Telegram activity. Here’s how you can earn DOGS tokens:
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Telegram Account Age: The older your Telegram account, the more DOGS tokens you may receive. This rewards long-term users of the platform.
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Telegram Premium Subscription: Users with a Telegram Premium subscription receive additional benefits and more tokens. This encourages more users to subscribe to Telegram Premium, enhancing their overall Telegram experience.
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OG Status: OG (Original Gangster) status indicates you are a long-standing, active Telegram user. This status grants you additional DOGS tokens in recognition of your loyalty and engagement on the platform.
Latest Updates on DOGS
Extended Airdrop Claim Deadline Announced Again
The DOGS meme project officially announced that over 8 million verified users have requested direct deposit of their DOGS tokens into exchanges and Telegram wallets. DOGS has decided to adjust the TGE date once again. The updated timeline is as follows:
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The deadline to claim tokens to exchanges and Telegram wallets has been extended to 24:00 Beijing Time on August 23;
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Claims to non-custodial wallets will become available from 16:00 Beijing Time on August 26;
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TGE and listing will take place at 20:00 Beijing Time on August 26.
DOGS Listed on Multiple Exchanges
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Bitget opened DOGS/USDT trading at 20:00 (UTC+8) on August 20;
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OKX opened DOGS/USDT spot trading between 19:00 and 20:00 (UTC+8) on August 23;
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Binance listed DOGS at 12:00 UTC on August 26, launching trading pairs DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY;
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Gate.io will begin trading DOGS (DOGS) at 20:00 (UTC+8) on August 26.
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