DOGS Token Locks in Over $6B on Binance Launchpool, Postpones TGE to August 26

DOGS Token, a cryptocurrency built on The Open Network (TON) blockchain, has locked in over $6 billion on Binance Launchpool in just three days.

DOGS Token, a cryptocurrency built on The Open Network (TON) blockchain, has locked in over $6 billion on Binance Launchpool in just three days. The event have only one day left. The project has already postponed its official launch due to increasing demand.

The project has attracted millions of followers and build a community of over 53 million users. Initially, the Token Generation Event (TGE) was scheduled on August 23rd. However, the team announced a delay until August 26th, citing an unexpected surge in registrations.

The project started as a “tap-to-earn” game where users can earn tokens through simple actions on their devices. The major contribution behind its popularity is the airdrop campaign. The DOGS team distributed 400 billion tokens to approximately 42 million eligible Telegram users based on account age and activity.

Major Exchanges to list DOGS Token

Following its Binance debut, several major cryptocurrency exchanges, including Bybit, OKX, and KuCoin, have announced plans to list DOGS Token. Bybit, in particular, is launching promotional events with a prize pool of 3.41 billion DOGS to celebrate the listing. While, OKX offers a 50,000 USDT prize pool for DOGS depositors and traders. Additionally, Bitget presents a 60,000 TON prize pool for users who deposit DOGS and engage in social media activities.

The token’s total supply is set at 550 billion DOGS, with 94% in initial circulation. The distribution plan allocates 81.5% to the community, 10% to the development team, and 8.5% for exchange listings and liquidity.

While the official listing price is expected to be around $0.0011 per token, market analysts predict significant volatility in the early trading days, cautioning potential investors about the risks associated with new cryptocurrency projects.