What is DOGS (Dogs)?

What Is Dogs (DOGS)?

Dogs (DOGS) is a meme coin launched on Telegram in July 2024. It is inspired by Spotty, a mascot created by Pavel Durov, the founder of VK (Vkontakte), Russia's largest social platform. Spotty originated as a doodle during a charity auction to support orphanages and quickly became a symbol associated with VK. Over time, Spotty has appeared in various forms, including stickers on Telegram and at VK Fest. The DOGS coin aims to extend Spotty's presence into the cryptocurrency space.

The DOGS project allows Telegram users to earn and collect DOGS tokens based on their activity on the platform. The distribution of these tokens is unique in that it rewards long-time Telegram users, particularly those who have maintained active accounts for several years. The number of tokens users receive is influenced by the age of their Telegram account, their subscription to Telegram Premium, and their OG (Original Gangster) status, which recognizes long-term active users.

DOGS tokens are distributed through various methods, including daily check-ins, referring friends, and participating in community events within the DOGS mini-app on Telegram. There's also a strong focus on community building, as users can increase their token earnings by bringing more users into the ecosystem.

How Dogs Works

Dogs Telegram is a meme coin project integrated into Telegram, rewarding users with DOGS tokens based on their activity within the platform.

Token Distribution

• Telegram Account Age: Users with older Telegram accounts earn more DOGS tokens, rewarding long-term loyalty to the platform.

• Activity Level: Regular activity on Telegram, such as messaging and participating in groups, increases the number of DOGS tokens awarded.

• Telegram Premium: Users subscribed to Telegram Premium receive extra DOGS tokens, incentivizing the use of Telegram’s paid features.

Tasks and Engagement

• Daily Check-ins and Streaks: Daily logins to the DOGS mini-app on Telegram earn tokens, with consecutive check-ins increasing the rewards.

• Referral Program: Users can earn additional tokens by inviting others to join the DOGS community.

• Community Events: Participation in events and challenges within the DOGS mini-app provides further opportunities to earn DOGS tokens.

Airdrops

• Upcoming Airdrops: DOGS has announced several airdrop events, where users can receive free tokens. The distribution during these events will be based on the user’s account age, activity, and Premium status. Users are advised to stay tuned to official channels to participate in these limited-time opportunities.

Premarket Trading and Exchange Listings:

• Premarket Trading: DOGS tokens have been made available for premarket trading on Bitget Pre-market, even before their official exchange listing. This allows users to engage in early trading activities and positions DOGS for a strong market entry.

• Upcoming Listings: While DOGS is not yet officially listed on major exchanges, its listing is anticipated soon.

What Is DOGS Token Used For?

The DOGS token, a memecoin integrated within Telegram, primarily serves to reward user engagement and foster community growth on the platform. Users can earn DOGS tokens based on their Telegram account age, activity level, and participation in various community events and referral programs. These tokens not only incentivize ongoing interaction within Telegram but also offer potential financial benefits through premarket trading, with future plans for broader utility within the Telegram ecosystem. Additionally, DOGS tokens may provide access to exclusive events and features, further strengthening the community's loyalty and engagement

The total supply of DOGS tokens is estimated at 100 billion.

How to Withdraw DOGS Tokens?

To withdraw your DOGS tokens, you'll need to wait until after the Token Generation Event (TGE). Once the TGE occurs, you'll be able to transfer your DOGS tokens to a compatible cryptocurrency wallet. Follow these steps:

Step 1: Connect Your Wallet

First, ensure your cryptocurrency wallet is connected to the DOGS Telegram Bot or the platform where your DOGS tokens are held. It’s important that your wallet supports the TON blockchain since DOGS tokens operate on this network.

For optimal security and compatibility, consider using the Bitget Wallet, which supports a wide range of blockchain assets, including those on the TON network. This will allow you to seamlessly manage and withdraw your DOGS tokens after the Token Generation Event (TGE).

Step 2: Access the Withdrawal Feature

In the DOGS Telegram Bot or on the relevant platform, navigate to the "Withdraw" option. This is usually found in the main menu or under the account settings.

Step 3: Enter Withdrawal Details

Specify the amount of DOGS tokens you wish to withdraw. You’ll need to provide the destination wallet address where you want to send the tokens. Ensure this address is accurate and belongs to a wallet that supports DOGS tokens on the TON blockchain.

Step 4: Review and Confirm

Double-check all the details, including the token amount and wallet address. This step is crucial to avoid sending tokens to the wrong address. Once confirmed, initiate the withdrawal.

Step 5: Wait for Confirmation

After submitting the withdrawal request, the transaction will be processed. The time it takes can vary depending on network congestion and the platform’s processing time. You’ll typically receive a confirmation message once the transaction is complete.

Step 6: Verify the Transaction

Finally, verify that the DOGS tokens have arrived in the destination wallet. You can check this by viewing your wallet's transaction history or balance.

Troubleshooting

• Incorrect Address: If you enter an incorrect address, the tokens might be lost permanently.

• Network Fees: Be aware of any transaction fees that might be deducted during the withdrawal process.

• Support: If you encounter issues, contact the platform’s customer support for assistance.

How to Sell DOGs Tokens?

To sell DOGS tokens, follow these steps:

Step 1: Connect Your Wallet

Ensure your DOGS tokens are in a compatible wallet, such as Bitget Wallet, which is commonly used with DOGS tokens. Make sure your wallet is connected to the exchange where you intend to sell.

Step 2: Choose an Exchange

DOGS tokens can be traded on platforms like Bitget. As of this writing, DOGS is not yet listed on major exchanges, you might have to sell them through pre-market trading or over-the-counter (OTC) platforms offered by exchanges like Bitget

Step 3: List Your Tokens for Sale

• For Pre-Market Trading: If you are selling during the pre-market phase, you will need to place a sell order on the platform. This involves specifying the quantity of DOGS tokens you wish to sell and at what price.

• For Spot Trading (Once Listed): Once DOGS tokens are listed on an exchange, you can sell them by placing a market order (selling at the current market price) or a limit order (setting a specific price at which you wish to sell).

Step 4: Complete the Transaction

After placing your sell order, wait for a buyer to match your order. Once matched, the exchange will handle the transaction, transferring the DOGS tokens from your wallet to the buyer and the funds to your account.

Step 5: Withdraw Your Funds

After the sale, you can withdraw the proceeds from your exchange account to your linked bank account or another cryptocurrency wallet, depending on the exchange's withdrawal options.

When Is the DOGS Token Launch Date?

Dogs (DOGS) will be listed in the Innovation and MEME Zone. Trading Available: 206 August 2024, 12:00 (UTC)

Conclusion

While DOGS has garnered significant attention, amassing millions of users in a short time, it is important to note that the project is still new and details about its long-term viability, utility, and tokenomics are still emerging. Prospective users and investors should remain cautious and stay informed through official channels to avoid potential scams.