- Partnership has been established between the TON blockchain’s DOGS token and Bitget; by linking the account through the DOGS Telegram mini-app, users are gifted free token airdrops.
- As the Telegram community’s mascot, the DOGS token refers to TON founder Pavel Durov’s creation, Spotty, and aims at contributing to charitable organizations.
- Bitget is one of the first exchanges to list DOGS tokens before the market, which has attracted considerable trading volume.
The cryptocurrency exchange Bitget has partnered with the DOGS token, a project based on the TON blockchain. This partnership enables all the Bitget users to gain free DOGS tokens through an airdrop by connecting their Bitget account via the DOGS telegram mini app. The tokens will be credited to the users’ accounts on 20 August 2024.
The DOGS token originates from the Telegram community and is inspired by Spotty, which was developed by the founder of TON, Pavel Durov. This token is designed to reflect the culture and personality of the Telegram community and promote charitable purposes. The funds raised after selling DOGS tokens will be channeled to supporting orphanages and children’s homes to uphold further the charitable nature that Spotty was known for.
Tokenomics and Pre-Market Trading
The information about DOGS tokenomics was revealed on August 15, 2024; according to this information, the total number of tokens in circulation will be 550 000 000 000. A further 73 % of the tokens are reserved for early TGUsers, also known as ‘OGs’; 10 percent for the development team and future project expansion; and 8.5%for the rest of the community.
Having reserved 10% for liquidity and listing activities, the maximum number of shares can be calculated as follows: The airdrop will be distributed to 42.2 million eligible users, with each claiming, on average, 9,500 DOGS tokens.Since its inception, Bitget has identified itself as one of the early exchanges to list a pre-market for DOGS tokens, creating much interest.
Within such a short time, the trading volume has already crossed four mln USDT trading volume, and the token itself has hovered around $0. 001 USDT. This valuation suggests the company has approximately 550 million USDT in market capitalization. This signals the official listing of the DOGS token on the Bidget Innovation and MEME Zone on August 20, 2024, at noon UTC.
Read CRYPTONEWSLAND on
google news
Promotion and Trading Incentives
In addition to the listing, the Bitget trading platform will be running a promotion for DOGS/USDT spot trading, where users can trade with 0% commission from August 20 to August 24. Also, there is the #BitgetLuckyDogs promotion whereby users who deposit 1,000 DOGS or more can participate in a lucky draw to win up to 1 BTC.
This cooperation between Bitget, the TON project, and the DOGS token not only provides users with a chance to engage in the new token ecosystem but also aims at charity work, which shows the growing importance of cryptocurrency products in promoting community activities and cause-related programs.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
