Hamster Kombat

mini

Simply

DOGS

Remember when we wrote about a Web3 project that rewards Telegram users with tokens in July? Congratulations if you took action and claimed the tokens, as the project has announced that the $DOGS token will be listed on a handful of major crypto exchanges by Monday, 26th August. 
The team behind the project earlier announced 23 August as the launch date but according to an update today, $DOGS will now be listed on major crypto exchanges like Binance, Bybit, Bitget, Gate.io, and OKX by noon UTC next Monday. Also, the largest crypto exchange globally, Binance has announced that the $DOGS project has been incorporated into its launch pool and users can now deposit the meme token on the platform.&nbsp; 
Simply put, $DOGS is a web3 project that rewards users with tokens commensurate with the age of Telegram accounts. Similarly built on the messaging app Telegram like <a href="https://technext24.com/2024/04/13/notcoin-token-all-you-need-to-know/">Notcoin</a>, <a href="https://technext24.com/2024/06/19/here-is-all-you-need-to-know-about-blum/">Tapswap</a> and others, DOGS rewarded Telegram users for having an account. Unlike prior Tap-to-earn projects, users did not have to tap or play any games, to earn $DOGS tokens. 
Related post: 
<a href="https://technext24.com/2024/08/01/dogs-token-rewards-crypto-telegram/">$DOGS: This new crypto project will reward you with tokens for using Telegram</a> 
The project has a <a href="https://t.me/dogshouse_bot/join?startapp=1fbDv9jmQM-yPMKQMf_6Dw" target="_blank">MiniApp</a> where Telegram users click and claim $DOGS tokens, depending on the age of the Telegram account and the availability of Telegram Premium. In clearer terms, the longer you have been using Telegram, the more tokens you would receive. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" decoding="async" width="1242" height="2688" src="https://technext24.com/wp-content/uploads/2024/07/IMG_9553.png" alt="Screenshot showing $DOGS reward token been awarded" class="wp-image-234151">
 </figure>
</div> 
For instance, this writer disclosed receiving 4151 $DOGS for having a 6-year-old Telegram account at that time. But by additionally referring users, performing tasks and checking the mini app daily, more rewards were added and the allocated tokens increased. 
Recall that the web3 space has witnessed an influx of Telegram-based tap-to-earn projects in 2024. From Notcoin to TapSwap, Hamster Kombat to Blum, and now $DOGS. web3 enthusiasts have tapped, and are still hoping to tap their screens for dollars. 
<h4 id="dogs-to-launch-on-friday" class="wp-block-heading">$DOGS to launch on Friday&nbsp;</h4> 
August 14, last Wednesday, marked the last day for Telegram users to claim their rewards. Shortly before then, the project announced that it had reached 50 million users in the mini app. 
Following the closure of token claims, the team announced that users could start claiming their tokens to the Telegram Wallet or centralized exchanges like OKX and Bybit. Subsequently, it was announced that that listing would take place on August 23. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" decoding="async" width="766" height="400" src="https://technext24.com/wp-content/uploads/2024/07/IMG_0606.jpeg" alt="$DOGS token claim on Telegram" class="wp-image-234152">
 </figure>
</div> 
However, in an update today, the project claimed eight million verified users had requested a direct deposit of their $DOGS to the earlier-mentioned exchanges and Telegram Wallet. In view of that, the team decided to add more withdrawal options and extend the claim period. 
Below is the updated timeline: 
<ul class="wp-block-list"> 
 <li>Claim to exchanges and Telegram Wallet will remain open until 4 pm UTC on 23rd August (Monday)</li> 
 <li>Claim to non-custodial wallets will be available from 8 am UTC on 26th August(Monday)</li> 
 <li>TGE (token generation event) and listing will take place at 12pm UTC on 26th August (Monday)</li> 
</ul> 
As things stand, users can now claim their rewards to centralized exchanges like Binance, Bybit, OKX, Gate.io, Bitget and Telegram Wallet till Friday or wait till the listing date (Monday) to withdraw to decentralized exchanges (non-custodial wallets).&nbsp; 
$DOGS and Binance announced on Tuesday that the $DOGS token will be listed on Binance with Launchpool. Binance Launchpool is a platform that allows crypto holders to earn new tokens by locking some of their existing assets, such as BNB and other supported tokens. This process allows users to receive new project tokens in exchange for locking some of their existing assets. 
The option to withdraw to Binance is now available in the $DOGS mini-app. 
<h4 id="dogs-tokenomics-and-expected-launch-price" class="wp-block-heading">$DOGS Tokenomics and expected launch price</h4> 
According to the numbers disclosed by the team, 53 million users joined the project and 42.2 million are eligible for the airdrop. With an average amount of 9,500 $DOGS per user, over 400,000,000,000 is expected to be distributed on listing day. 
Read also: 
<a href="https://technext24.com/2024/08/20/zone-nibss-fusion-blockchain-payment/">Zone CEO says Partnership with NIBSS sets precedence for fusion of blockchain and traditional payment frameworks</a> 
With a total supply of 550 billion $DOGS, 81.5% goes to the community (no locking of tokens). 73% is allocated to all Telegram users who earned $DOGS in the mini-app, and the rest goes to rewards for traders, sticker creators, and future community members. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
 <img loading="lazy" decoding="async" width="800" height="455" src="https://technext24.com/wp-content/uploads/2024/08/DOGS.png" alt="$DOGS portrait" class="wp-image-234867" style="width: 100%;height:auto">
 </figure>
</div> 
10% is allocated for the team and future development, with the major part in a 12-month vesting period while 8.5% is reserved for liquidity on CEXs and DEXs, and listing-related events. 
This leads to the big question – what will be the launch price of $DOGS? With 550 billion tokens in circulation, the launch price is definitely going to be below $0.02 at launch. Excitement and hype might spike up the price to around $0.04 but a massive sell-off will follow and there should be a retracement to the $0.009 region.&nbsp; 
In different pre-market tradings, prices range between $0.04 to $0.0005. While some believe the launch price will be higher than that, there are those who believe those numbers are a catch. The fun lies in laying back and keenly observing how the market unfolds and trying as much as possible to make smart investment decisions.&nbsp; 
After all, it’s all free money. Who let the $DOGS out?!&nbsp;
The post <a href="https://technext24.com/2024/08/21/dogs-telegram-reward-token-0-04-price/">As Telegram reward token $DOGS prepares to launch on Monday, analysts speculate $0.04 list price&nbsp;</a> first appeared on <a href="https://technext24.com">Technext</a>.

As Telegram reward token $DOGS prepares to launch on Monday, analysts speculate $0.04 list price

Technext.ng

Other articles published on Aug 21, 2024

TRON (TRX) Stuns Crypto Market With 200% Volume Surge

Altcoins Poised to Lead as Bitcoin Dominance Peaks: Solana (SOL), Rollblock (RBLK) and Toncoin (TON)

Major Fund Managers Weigh in on the Ethereum Price Reaching $166K, RCOF and AAVE Would Benefit

Presale Tokenomics - A Guide For Project Owners

Ethereum’s Bearish Phase Nears Termination: Two Key Indicators Explained by Analyst

Long-Term Dogecoin (DOGE) Holder Migrates To MPEPE For Impressive Returns

Join our free newsletter for daily crypto updates!