Tomorrow the airdrop of DOGS, the memecoin of the Telegram ecosystem, will be completed and it will be listed on the main exchanges of the crypto market.
The new currency will be distributed to approximately 42 million users, creating the largest airdrop in history in terms of popularity.
The first speculations on the possible initial price are already starting, while the pre-market exchanges are already bustling with early buy and sell orders.
Let’s see everything in detail below.
Green light for the listing of the crypto DOGS: free airdrop to Telegram users
After several weeks of waiting, the memecoin of Telegram DOGS is about to land on the crypto markets, accompanied by a vast airdrop.
The token, inspired by the meme “Spotty” created by the founder of Telegram Pavel Durov, will be launched on the mainnet tomorrow within the TON blockchain.
In parallel there will be a listing of the crypto on 15 of the major centralized exchanges, including Binance, Okx, Bybit, and Bitget. Initially, the date was set for August 23, but it was then postponed by 3 days to August 26.
For the event, Binance has organized a launchpool, within which its users can share a quota of 22 billion DOGS (4% supply).
On the CEX the memecoin will open trading at 12:00 UTC with the trading pairs DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY.
At the same time, the other exchanges will also start the dance.
https://twitter.com/binance/status/1825940220807618802
The airdrop of DOGS, although it will not offer a high economic reward, represents the largest in the history of crypto for users involved.
It is estimated that about 42 million individuals have interacted with the mini app of Telegram since its launch, completing quests and redeeming points.
After the success of Notcoin, another meme coin in the Telegram sector, we expect a launch closely followed by the community.
The growing popularity that tap-to-earn games, such as Hamster Kombat and Catizen, are gaining could give a positive boost at the time of listing.
Managing the airdrop will be the provider TokenTable, which with its experience in automated token distributions has recently contributed to the debut of ZETA and MOCA
The users eligible for the airdrop can already claim the DOGS tokens directly from CEX, Wallet Telegram or other non-custodial wallet solutions.
81.5% of the supply of the crypto is reserved for the community, with 73% dedicated exclusively to the Telegram OG, according to the details of the “Dogenomics”.
Source: https://t.me/dogs_community
Potential price and valuation scenarios of the token at listing
Waiting for the airdrop of DOGS and the official listing on cryptocurrency exchanges, traders are already starting to speculate on what the price of the crypto will be at its debut.
Generally, the majority agrees in defining the “Fully Diluted Valuation” (FDV) near the threshold of 1 billion dollars.
The same evaluation was reached by the Notcoin project during its launch in May, with a maximum value at the top of 2.92 billion dollars.
If DOGS were to be listed with an initial FDV of 1 billion, the price would be approximately 0.0018 dollars, considering the total supply set at 550B.
Considering instead an FDV of 2.92 billion, the price of DOGS would rise to 0.0053 dollars.
In the worst-case scenario, with an FDV of 500 million dollars, the price would drop to around 0.001 dollars.
In the world of finance, the terms “bull” and “bear” are often used to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is marked by falling prices. Investors need to understand these concepts to make informed decisions.
Although DOGS is not yet available for trading, it is possible to buy and sell in advance on pre-market platforms in a high-risk activity.
At the time of writing the article, more or less all the pre-market exchanges of Kucoin, Bitget, Gate, Aevo, etc. indicate a market price of about 0.002 dollars.
According to traders’ estimates, the initial valuation will be more or less 1 billion dollars, reflecting an excellent result for a farmable airdrop project for free.
Remember to be very careful of scams during these particularly hectic days.
On social media X and Telegram, it is full of scammers pretending to be part of the DOGS team to extort money from the more naive users.
The same project team revealed that a fake DOGS token was listed on the LBANK exchange. Shortly after, the platform denied it, countering by saying that the crypto is only in its premarket phase.
In un mercato finanziario, i termini “bull” e “bear” sono comunemente usati per descrivere le tendenze del mercato. Un mercato “bull” è caratterizzato da un aumento dei prezzi delle azioni, mentre un mercato “bear” è caratterizzato da una diminuzione dei prezzi delle azioni.
Other crypto airdrops coming
Outside of the crypto DOGS, there are many other airdrops planned from now until the end of the year that will surely bring a lot of satisfaction to the farmers.
Starting from the free airdrops, we cannot fail to mention the imminent launch of the web3 platform Grass, which should arrive on the markets by the end of September.
Within the ecosystem of Telegram games, we then find many tokens ready to debut in the cryptographic sector, with more or less debatable utility.
The most famous are certainly those of the tap-to-earn apps like Hamster Kombat, Dejen Dog, Tapswap, Catizen etc.
Obviously, being all free airdrops, we cannot expect sky-high returns, typically with earnings not exceeding 100 dollars in the best-case scenarios.
If we move instead to more complex airdrop programs, where there is an initial capital investment required to start, here the yield starts to become interesting.
From now until the end of 2024, many crypto airdrops with remunerative potential are expected, spread across a wide range of chains and cryptographic sectors.
Among the most interesting, we mention the platforms of restaking of Ethereum EigenLayer (listing in September), Symbiotic, Swell, and Etherfi S3.
Not to forget the upcoming airdrops of layer-2 Scroll, Linea, and Fuel, with high expectations from the crypto farmers.
Other projects that could release a token to their community in the coming months are: AlienX, DeBank, Corn, MegaETH, Monad, Syncswap, Orbiter Finance, Debridge and Merkle Trade
Source: https://en.cryptonomist.ch/2024/08/25/dogs-the-free-airdrop-of-telegram-will-be-officially-launched-tomorrow/