As the much-anticipated DOGS token prepares for its trading debut, major exchanges are rolling out the red carpet with massive prize pools and incentives.
Leading the pack is OKX, which has just announced a staggering 1 Billion DOGS token prize pool.
Turn on notifications to find out what’s coming soon 🔔🐾 pic.twitter.com/n5ogIBpmVF
— OKX (@okx) August 23, 2024
Major exchanges gear up for DOGS launch
DOGS, inspired by Spotty, the beloved mascot of VK (Russia’s Facebook equivalent), has quickly gained prominence since its launch. Originally drawn by Pavel Durov for a charity auction, Spotty’s journey from social media icon to cryptocurrency mascot embodies the token’s commitment to the community.
DOGS has announced in their Telegram channel that those users who opted to claim tokens on-chain should connect their wallet to the app as soon as possible. On-chain claims will go live on August 26.
As DOGS prepares to go live on exchanges, the competition for user attention is heating up.
Binance has introduced DOGS on its Launchpool platform, allowing users to farm DOGS tokens by staking BNB and FDUSD.
Bybit has also announced a 2,475,000,000 DOGS prize pool campaign, split between new user deposits and trading incentives. These massive giveaways underscore the growing trend of exchanges using token launches as a way to attract and retain users.
As the token goes live, investors will monitor its price performance to determine whether it can live up to the hype generated by these exchange-led campaigns.
While this might seem like another meme coin, only time will tell whether DOGS’ connection to Telegram’s community sets it apart from the pack.
Also Read: DOGS Coin Price Speculation: What to Expect After Listing?
Source: https://www.cryptonewsz.com/okx-posts-1-b-dogs-prize-pool-3-hours-list/