DOGS Airdrop Frenzy Amidst Pending Launch

The official launching of any cryptocurrency in exchanges can often create buzz and excitements among enthusiasts in the crypto space. Creating an expectation of great things to come within community members. The DOGS ecosystem players who are majorly from the telegram gaming community, are currently basking in this frenzy. This follows the success of Notcoin, with contributors hyped about the potentials of DOGS in following in the Notcoin success. 

What is DOGS?

DOGS is a meme project built on Ton network. It draws its inspiration from Pavel Durov’s dog mascot which was drawn for a charity auction. It gained its popularity through its easy to earn airdrop model. Unlike recent trends in the telegram airdrop gaming system, dogs allocated tokens to its community using individual’s telegram history activity metrics to determine rewards. This alerted the telegram airdrop ecosystem players to participate in the projects.

The attention gathered by this model approach to airdropping, made it easy to sell for rewards through the referral bonus system. Which enhanced its popularity among telegram gamers.

Simple tasks features such as daily login rewards has also helped boost its engagements. A combination of easy to navigate tasks which were rewarded accordingly among user base, over a short period of just 5 weeks have contributed to the excitement towards its Token Generation Event, TGE.

TGE is a crowd funding method for blockchain projects, through issuance and availability of tokens for public purchase.

DOGS enters a new phase on the 23rd of August, with lots of anticipation among community and investors. With this hype building towards its launch.

Tokenomics

About 53 million users joined the DOGs airdrop campaign, as announced by the project’s official channel. 42.2 million of these users are eligible for the airdrop, averaging about 9500 $DOGs per user.

With a total supply of 550 billion $DOGS, 81.5% is reserved for community allocation. The community is compromised of telegram users who earned DOGS in the app, and future community members such as traders. 73% of DOGS supply goes to the telegram users, while the remaining will be distributed to other contributors.

10% is reserved for the team and future development, while 8.5% will be used for listing in CEXs and DEXs.


Total supply: 550 billion

Community: 81.5%
Telegram OGs: 73%
Other contributors: 8.5%
Team and upcoming Events: 10%
CEXs and DEXs: 8.5%

How can I Participate?

With several centralized exchanges CEX, already hopping in on the project, enthusiasts are getting pumped about the prospect of DOGS. Notable exchanges such as Binance, Bybit, OKX, Bitget and a few others have announced spot trading feature for DOGS on their platforms.

This heightened awareness has brought more focus on DOGS in recent times. Questions on airdrop participation and withdrawal methods has sprung up across various sub communities.

It is however important to note that the DOGS’ telegram airdrop campaign has successfully come to a close. Investors willing to be among early hodlers before launch can check for pre-sale rounds on some of the exchanges that’ll be listing DOGS.

It is advisable however, to carry out thorough research through official channels to avoid being misled through wrong information which could result to loss of funds.

Potential investors can also wait till trading opens on CEX on 26th August 2024, at 12pm UTC.

With DOGS set to add new rewards for sticker collections, it is not too late to get embedded within the DOGS ecosystem.

Upcoming Features

The DOGS core team has announced an upcoming feature to the telegram DOGS app. Major highlights include:

Your Sticker Collection: For creation of unique Dogs sticker pack

Catch Rare Stickers: For adding rare stickers to pack

Trade Your Stickers: Minted and collected stickers can be traded on NFT marketplace

Earn Untradable Stickers: Donate to charities to earn stickers no one can buy  

The upcoming features provides use case features for the DOGS meme, which further raises the thrill surrounding the meme token. As the DOGS launch date closes in, more participants continue to engage in various DOGS related activities while anticipation builds towards its exchange launch and future features yet to be introduced. About 5 million participants already claimed over 30% of the supply, with more expected to claim theirs before TGE.

Claiming of $DOGS Airdrop

Claiming of DOGS to telegram wallet and CEXs opened on the 16th of August. In app instructions have been simplified to make the claiming process seamless. Claiming will remain open till the 23rd of August, 4pm UTC.

Exchange account users who would prefer CEX for claiming should make sure KYC has been completed. Withdrawal features are not instant but will be deposited in account of choice on the 26th of August.

Binance, Bitget, Bybit, OKX and telegram wallet are the current withdrawal options for users hoping to claim DOGS.

Non custodian wallets such as Tonkeeper will have claiming options into these wallets available from 8am UTC, on the 26th of August. Withdrawal into these wallets will require Toncoin for blockchain transaction gas fee.

As reported earlier by the core team, over 8 million people have claimed their DOGS. Those yet to claim theirs are expected to do so before the expiration of the claiming timeline.

Prospect of DOGS Token

The crypto market can often be difficult to predict and navigate considering its volatility. With mixed results among traders and hodlers. It has been a safe haven for traders and long term projects hodlers. And has also resulted to massive loss of varied degree.

One of the most important features to consider when entering a position is to invest what you can afford to lose. This helps to mitigate risk factors associated with losses from trading a position or entering a bad trade.

With this in mind, a cautious approach on the prediction of DOGS prospect have to be taken.

DOGS is a meme token with no use case yet. However, memes like Shiba Inu and Pepe have shown in the past that they can do very well with a strong community backing. Which emphasizes the importance of community in the crypto space.

For potential investors, getting embedded in the community and ecosystem will be a good start. Follow official social media accounts for regular updates. A good knowledge of other market influences will also be encouraged.

The current backing of over 40 million community members, has provided an intriguing prospect on the future of DOGS. And an interesting future about what it could achieve when the bullrun hits its peak in the current cycle.

History suggests a 4 year cycle where the crypto market has hit highs and lows, aided by the Bitcoin dominance. The Bitcoin BTC is yet to hit its all time high in the current cycle. Suggesting a possible peak in the bullrun is yet to hit. Aided by the additional breakthrough on the BTC blockchain, which now provides a use case beyond the BTC currency value, there is an increasing positive market sentiment in the next few months.

With these underlying potential for the BTC dominated crypto market, will it be a case of the Pizza Guy for DOGS community paper hand or another gold mine for hodlers? The next few months will give a more detailed outlook.

However, when trying to give an outlook on what its future holds, it is important to study the market charts and sentiments. As well as a detailed review of technical and fundamental analysis of its charts. This will provide useful insights towards its potentials, holding or trading a position. This is even more critical for traders hoping to long or short DOGS in their daily trades. While it acts as a useful guide when making market predictions relating to DOGS. For now, Tuesday holds the thrill and all we have to do is wait for what it has to unfold.

What is Next?

As anticipation builds towards the launch of DOGS, and allocation of DOGS airdrop to community members, it is important to exercise caution in expectation of the DOGS price movement while the project builds and stabilizes its offerings. The strong community have given the project a core backing, which could help the project navigate the early stages of development with success. Potential contributors and investors need to look beyond the hype and delve into well detailed research before making an entry, holding a position or exiting a position.