The exchange's "new favorite" has launched. Can DOGS become the new leader of the TON ecosystem's memes?

Author: Asher, Odaily Planet Daily

At 8 PM tonight, the highly anticipated "hot" TON ecosystem meme coin DOGS officially launches. According to OKX market data, the price of DOGS briefly reached $0.0018 before retreating, currently reported at $0.0012, with an FDV of $680 million. As a completely "0撸" project, the sentiment on social media regarding this DOGS airdrop is mixed:

• "Dreams shattered, I thought I could make a decent profit by using many TG accounts to get DOGS for free, but most accounts ended up with their tokens 'cleared,' and the funds I deposited into Binance were also cleared.";
• "After all the effort, the best benefits still came from depositing into Binance; the profits weren't much, but I really didn't spend much time or cost, so I'm content. Thanks for the pig trotter rice from DOGS.";
• "DOGS dropped over 20% right after launch, participating in pre-market trading led to direct losses."

Overall, although some studios were deemed witch accounts by the project party due to IP issues and did not ultimately receive the airdrop, most real users were still able to earn a "pig trotter rice" profit through "0撸" and participating in various activities and airdrops on exchanges. Below, Odaily Planet Daily will take you through the TON ecosystem meme coin DOGS, which has become the "new favorite" of major exchanges.

Major Exchanges: Snatching DOGS, Airdrop to Attract New Users

DOGS can be described as a phenomenon in this period; even if you did not participate in the early airdrop, you might have repeatedly seen this project through social media and community posts. It is widely known mainly because major exchanges are scrambling to list DOGS, with some even spending heavily on airdropping DOGS to attract new users.

On one hand, major exchanges are all listing DOGS:

• Binance: On August 21, Binance Launchpool will list DOGS (DOGS), and it will go live today at 20:00 (UTC+8), opening trading markets for DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY, applicable to seed label trading rules. Additionally, it announced that DOGSUSDT perpetual contracts will go live today at 20:30 (UTC+8), supporting up to 75x leverage;
• OKX: On August 5, OKX pre-market trading launched DOGS/USDT contracts, and spot trading will start today at 20:00 (UTC+8). It also announced that it will go live at 20:30 (UTC+8);
• Bitget: On July 11, Bitget launched DOGS pre-market trading, and spot trading will start today at 20:00 (UTC+8). It also announced that DOGS will be listed on Bitget PoolX, where staking USDT can earn rewards;
• ……

On the other hand, major exchanges are attracting new users to open accounts and deposit DOGS through airdrops. According to community feedback, the activities at various exchanges are as follows:

• Binance: The first 500,000 users who deposit DOGS into Binance will receive 20,000 coins, and those after the first 500,000 will receive 10,000 coins;
• Bitget: Deposit DOGS into Bitget (registration required to participate): New users receive 1:1 (with a cap), while old users receive 1:0.5 (with a cap);
• Bybit: New users who meet basic conditions through a designated invitation link will receive 150,000 DOGS (with a cap);
• Gate.io: New users depositing DOGS will receive double cashback, while old users will receive 1:1 cashback (with trading tasks and a total reward amount of $50,000);
• ……

81.5% of Token Supply Belongs to the Community with No Lock-up Period

For DOGS, the black and white dog image is inspired by Pavel Durov, the founder of Telegram. He painted this iconic dog, Spotty, at a charity auction supporting orphanages.

According to official Telegram information, DOGS is not an ordinary commemorative coin. It is the most characteristic commemorative coin of Telegram, embodying the vibrant community spirit and culture. The team has brought Spotty's tradition into the cryptocurrency world, creating a fun, community-oriented, and unique cryptocurrency. For more information on DOGS and previous airdrop details, you can check this article: The Latest Hot Item in the TON Ecosystem: DOGS Launches with Over 1.8 Million Users in Two Days, Off-market Points Price Near 2 Cents.

Black and White Dog Image

On August 15, DOGS released its tokenomics in the Telegram community, with a total supply of 550,000,000,000 DOGS, distributed as follows:

• 81.5% belongs to the community (no lock-up): of which, 73% belongs to Telegram OGs (who earned DOGS in the app); 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 on CEX and DEX and listing-related activities.

DOGS Announces Its Tokenomics

Summary

The advantages of the DOGS project include community-driven high participation, a unique space theme with recognizability, and potential future development prospects, such as collaborations with space tourism companies to expand application scenarios. However, there are also certain risks, such as high market volatility, regulatory issues, uncertainties in the project's technological development and team execution capabilities, and a lack of intrinsic value support.

Odaily Planet Daily reminds that since major exchanges are launching DOGS contract trading, short-term traders should control risks whether they are going long or short on DOGS and participate rationally.