The new cryptocurrency DOGS token will soon be launched on 15 major exchanges. The event was planned for August 20, but due to high turnout, it has been moved to August 23. The token is linked to Telegram and will improve the application and its environment.
DOGS Token Set for Major Exchange Listings
The DOGS token’s development team postponed the launch to address the challenges of issuing over 400 billion tokens to more than 6 million users. It also guarantees a proper distribution procedure directly to users’ exchange wallets.
”We want to make sure that everyone who is an initial holder is prepared to start trading right away,” said the project’s lead developer.
It also gives the exchanges enough time to prepare for the expected trading traffic.
DOGS token will be launched at around $0.0011 per token. Once trading begins, this price point may fluctuate depending on the market dynamics. According to analysts, the high initial claim rate may pressure the token to be sold off in the early stages. “Market dynamics will guide the pricing,” said an industry expert, suggesting that traders should keep their eyes on the market.
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DOGS token is not just another hyper-deflationary meme coin; it offers real value within the popular messaging application – Telegram. The coin seeks to enable the buying and selling of goods and services within the app to improve the user experience. A Telegram spokesperson said,
“Integrating DOGS with Telegram will provide users with new opportunities.”
Future development includes the token being tradable and mintable as on-chain stickers.
New Investment Opportunities with DOGS Token
DOGS tokens will be available on OKX, KuCoin, Bitget, and Gate.io starting August 23. This makes the token easily attainable by many people as it is available across many platforms. ‘Being listed on several exchanges improves the liquidity and market awareness,’ said an analyst. This move will also probably attract investors searching for new investments in the cryptocurrency market.
Adopting DOGS tokens may create a lot of buzz in the cryptocurrency market, particularly among Telegram users.
“The success of this listing can open the door for other cryptocurrencies associated with social media platforms,” said a market strategist.
Nonetheless, the DOGS team has plans to expand the token’s use cases and functionality in the following months.
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Also Read: Telegram Game $DOGS Listed on Major Exchanges; Next $DOGE?
