Similar to Telegram’s mascot named Spotty, a new meme currency called DOGS is quickly gaining the traction within the Telegram network as it prepares for a major launch. Especially among the 11,7 million people who use Telegram every day, the coin, which was launched in July of the 2024 year, has attracted the interest of the bitcoin community quite quickly.
DOGS drew around 10 million people straight away three days ago. The exponential success of Telegram is primarily attributed to its Mini App store, where users may earn DOGS tokens for daily check-ins and friend referrals. This has maintained the community vibrant and has helped in its growth.
Expectations are growing as DOGS gets prepared for its August 20, 2024 premiere on significant markets including OKX. After a call auction for DOGS from 11:00 AM to 12:00 PM UTC, OKX has also underlined DOGs/USDT spot trading at 12:00 PM UTC withdrawals for DOGs at 10:00 AM UTC tomorrow, August 21, 2024. For DOGS, this position marks a significant turning point; it is the first native memecoin for Telegram that becomes quite popularity.
With most tokens owned by the community, DOGS has also drawn attention for its original tokenomics even with a small pre-sale investor base. Regular issues in the meme currency market, insider trading, has been addressed and consumers have developed trust thanks to this approach.
As well-known exchanges like Binance and Bybit already indicate as the listing date approaches close, DOGS is most surely going to acquire more attention and reputation in the bitcoin business. Since DOGS is projected to meet the criterion and take center stage in the meme currency market, it is the major subject of debate.
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