DOGS Airdrop: Telegram’s Memecoin Set to Make History
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The highly anticipated airdrop of DOGS, Telegram’s memecoin, is set to officially launch tomorrow, marking a significant moment in the crypto world. With approximately 42 million users poised to receive the new token, this event is expected to become the largest airdrop in history in terms of user participation.
What is DOGS?
DOGS is a memecoin rooted in the Telegram ecosystem, inspired by the popular “Spotty” meme created by Telegram founder Pavel Durov. The token will be launched on the TON blockchain and simultaneously listed on 15 major centralized exchanges (CEXs), including Binance, Okx, Bybit, and Bitget. Originally scheduled for August 23, the launch was delayed by three days and will now occur on August 26.
The Airdrop: A Record-Breaking Event
The DOGS airdrop is set to distribute tokens to around 42 million eligible users, making it the largest airdrop ever seen in the crypto space. While the economic reward for each participant may not be substantial, the sheer scale of the distribution underscores the growing influence of Telegram in the cryptocurrency ecosystem.
The airdrop process is being managed by TokenTable, a provider known for its expertise in automated token distributions. TokenTable’s involvement in recent successful launches, such as ZETA and MOCA, adds credibility to the smooth execution of the DOGS airdrop.
Market Listings and Trading Pairs
As DOGS enters the crypto market, it will be listed on several major exchanges. Binance, one of the leading platforms, has organized a launchpool where users can share a quota of 22 billion DOGS, representing 4% of the total supply. Trading on CEXs will begin at 12:00 UTC with pairs including DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY.
Speculation and Early Market Activity
Even before the official listing, pre-market exchanges are already buzzing with activity. Early buy and sell orders suggest that the initial price of DOGS will be closely watched by both investors and the broader crypto community. The success of previous Telegram-associated tokens, like Notcoin, and the growing popularity of tap-to-earn games such as Hamster Kombat and Catizen, could provide a strong boost to DOGS upon its launch.
Potential Price and Valuation Scenarios
As traders eagerly await the DOGS airdrop and its official listing on cryptocurrency exchanges, speculation is already rife regarding the token’s debut price. Many in the community are estimating a “Fully Diluted Valuation” (FDV) near the $1 billion mark. This estimate echoes the initial valuation achieved by the Notcoin project during its launch in May, where the FDV peaked at $2.92 billion.
If DOGS were to be listed with an initial FDV of $1 billion, the price would approximate $0.0018, given the total supply of 550 billion tokens. However, if DOGS follows in Notcoin’s footsteps and reaches an FDV of $2.92 billion, the token’s price could rise to $0.0053. In a more conservative scenario, with an FDV of $500 million, the price of DOGS could be around $0.001.
Other Crypto Airdrops Coming
Beyond the DOGS airdrop, the crypto community has plenty to look forward to as many other airdrops are planned from now until the end of the year, promising potential rewards for participants. One of the most anticipated is the launch of the web3 platform Grass, expected to hit the markets by the end of September.
Within the Telegram ecosystem, several tokens from tap-to-earn apps like Hamster Kombat, Dejen Dog, Tapswap, and Catizen are also set to debut in the crypto sector. While these airdrops are free and may not yield substantial returns—typically under $100 in the best-case scenarios—they represent opportunities for crypto enthusiasts to engage with emerging projects.
For those willing to invest some initial capital, more complex airdrop programs are also on the horizon. From now until the end of 2024, a wide range of airdrops with significant potential returns are expected across various chains and cryptographic sectors. Notable mentions include the restaking platforms of Ethereum EigenLayer (listing in September), Symbiotic, Swell, and Etherfi S3. Additionally, highly anticipated airdrops from layer-2 solutions Scroll, Linea, and Fuel are generating excitement among crypto farmers.
Other projects that might release tokens to their community in the coming months include AlienX, DeBank, Corn, MegaETH, Monad, Syncswap, Orbiter Finance, Debridge, and Merkle Trade.
Claiming Your DOGS Tokens
Users eligible for the DOGS airdrop can claim their tokens directly through centralized exchanges, Telegram Wallet, or other non-custodial wallet solutions. A significant 81.5% of the total DOGS supply is reserved for the community, with 73% specifically allocated to Telegram OG users, as detailed in the token’s “Dogenomics.”
Looking Ahead
The launch of DOGS represents more than just a new memecoin; it’s a testament to the growing intersection of social media and cryptocurrency. As the airdrop unfolds and trading begins, the community will be watching closely to see how DOGS performs and what it might signal for the future of memecoins and the broader crypto market.
Click to get more information about DOG airdrop:
https://www.cryptotimes.io/2024/08/17/check-speculative-price-of-dogs-ahead-of-airdrop-and-listing/
Stay tuned to Swift Magazine for ongoing coverage of DOGS, its market impact, and all the latest developments in the world of cryptocurrency
