DOGS Airdrop Imminent, Multiple Exchanges Launch "Pre-sale" Model
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DOGS Airdrop Imminent, Multiple Exchanges Launch "Pre-sale" Model
Presale transactions are becoming increasingly popular.
Navigating Web3 tides with focused insightsBy Wu Tianyi, DeThings
In the crypto market, pre-launch trading is becoming increasingly popular. "Presales" refer to exchanges listing derivatives of tokens before their official launch, allowing speculative investors to trade them ahead of primary listings.
Recently, DOGS, a MEME coin from the TON ecosystem, launched presale derivatives on multiple platforms including Bitget, KuCoin, and Gate. Inspired by Spotty, the mascot created by Telegram founder Pavel Durov, the DOGS token aims to go beyond mere entertainment—the proceeds from its sale will be dedicated to funding orphanages, according to community announcements.
How to Buy Before Launch
Through presales, users gain early pricing exposure to DOGS, enabling trading before the token enters broader markets.
A representative from Bitget stated on August 19 that USDT trading volume alone on Bitget had approached $4 million. Many believe the token could achieve a fully diluted valuation of $550 million at launch. On Bitget’s pre-market platform and elsewhere, DOGS was trading for less than one cent—around $0.001.
Previously, according to Bitget's official description, since the DOGS project team had not yet disclosed the tokenomics, the total supply of DOGS Token remained unknown. Therefore, Bitget listed a presale derivative called "DOGS POINTS," based on a pre-trading certificate with a notional issuance of 100 billion units. This move allowed users to purchase and trade these tokens in advance of the project's official token release, attracting significant market attention and substantial liquidity.
When DOGS officially launches its token, Bitget will map DOGS POINTS into actual DOGS tokens based on the finalized tokenomics, completing pre-market settlement. The order value completed in the Pre-Market will remain consistent, with proportional scaling adjustments made to both token quantity and price.
A New Airdrop Algorithm
DOGS also introduces a novel airdrop mechanism. Unlike Notcoin or Hamster Kombat, which rely on user participation in clicker games to earn points, DOGS uses an algorithm that determines eligibility based on metrics such as users’ Telegram tenure and activity levels.
On August 15, 2024, DOGS published its tokenomics, revealing a total supply of 550 billion tokens. Of this, 81.5% is allocated to the community, with 73% specifically designated for Telegram OGs (original users). Another 10% is reserved for the team and future development, and 8.5% set aside for liquidity and listing activities. Data shows that 42.2 million users are eligible for the airdrop, with an average claim yielding 9,500 DOGS per user.
According to the DOGS community on Telegram, over 6 million verified mini-app users have requested to receive their airdrops via supported exchanges. Users must queue to claim their airdrop deposits on exchanges and in Telegram wallets by 6:00 PM UTC on August 21. DOGS has set the deadline for non-custodial wallet claims at 8:00 AM UTC on August 23, with the token scheduled to list at noon UTC on the same day.
DOGS has currently gathered over 53 million users, with 42.2 million qualifying for the airdrop. Nearly 82% of the 550 billion DOGS supply is allocated to users, while 10% is reserved for the team and future updates. A 12-month lock-up period means the project cannot liquidate tokens until August 2025. Additionally, 8.5% is retained for liquidity purposes.
Binance has also announced it will list DOGS, with trading commencing on August 26. Furthermore, DOGS will become the 57th project on Binance Launchpool.
Through Launchpool, users can stake BNB and First Digital USD (FDUSD) in different pools to earn DOGS tokens. At the time of writing, the memecoin has gained popularity on the X platform, generating over 223K posts and mentions—prompting even the Notcoin token to rise 15% in response.
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