DOGS is taking the crypto world by storm with its exciting airdrop event. On August 20, the official listing date, users will be airdropped of over 400 billion $DOGS. With 53 million users joining the bot, an impressive 42.2 million are eligible for the airdrop, as per their official Telegram channel.
For those awaiting the spot market, the wait is almost over as it will be launched on August 20. Users are encouraged to prepare their accounts on centralized exchanges (CEXs) or through their Telegram Wallets. The total supply of $DOGS stands at 550 billion.
Dogenomics, the unique tokenomics of $DOGS, reveals a community-focused distribution model. A significant 81.5% of the total supply is allocated to the community, with 73% going to Telegram OGs who earned $DOGS through the bot. The remaining portion of this allocation is reserved for rewarding traders, sticker creators, and future community members.
The team and future development are set to receive 10% of the total supply, with a major portion locked in a 12-month vesting period. Additionally, 8.5% of the supply is reserved for liquidity on both CEXs and decentralized exchanges (DEXs), as well as for listing-related events.
DOGS is described as a meme and community token that was born on VK and Telegram. Soon, $DOGS will belong to the people, as the team plans to introduce meme stickers that can be minted and traded on-chain using $DOGS.
Starting on August 16, users can begin claiming their tokens through their Telegram Wallets or on a CEX of their choice. Those without an account are advised to create one in advance and complete the necessary KYC processes.
On August 20, the option to claim tokens to a non-custodial wallet will become available, although users will need Toncoin to cover the gas fees for blockchain transactions. Toncoin can be purchased through exchanges or with Stars, and users are encouraged to ensure they have enough Toncoin in their wallets before claiming their $DOGS tokens.
Also Read: $DOGS to launch on Bybit, Bitget & Gate.io on August 20
