- DOGS tokens are redeemable via Telegram wallets and CEX.
- Tokens must be deposited in airdrop accounts by August 20.
- DOGS tokenomics reveal a total supply of 550 billion, with 81.5% for the community.
- OKX to launch DOGS spot trading on August 20 at 20:00 (UTC+8).
On August 17, the official Dogs Telegram channel announced that DOGS tokens are now available for redemption through Telegram wallets and centralized exchanges (CEX). This development marks a significant step for the DOGS token ecosystem, providing users with multiple platforms to collect their tokens.
Redemption Process and Deadline
While users can redeem DOGS tokens to their Telegram wallets or CEX accounts, they won’t receive them immediately. To secure their tokens, users must deposit them into the designated airdrop collection account by August 20. This process is essential to ensure that users don’t miss out on their tokens and can participate fully in the upcoming trading opportunities.
DOGS Tokenomics and Community Allocation
The announcement also provided key details about the tokenomics of DOGS. With a total supply of 550 billion tokens, the project has allocated a significant 81.5% of this supply to the community. This large community allocation indicates a strong focus on decentralization and user participation, positioning DOGS as a community-driven token.
The remaining supply is expected to be used for development, marketing, and other strategic purposes, though specific details were not disclosed in the announcement. This community-first approach is likely to appeal to users looking for tokens that prioritize their involvement and influence in the ecosystem.
OKX Spot Trading Launch
In addition to the redemption details, the Dogs team revealed that OKX will launch DOGS spot trading on August 20 at 20:00 (UTC+8). This listing on a major exchange like OKX will provide liquidity and accessibility to DOGS tokens, making it easier for users to trade and engage with the token.
The timing of the OKX listing is crucial, as it coincides with the deadline for the airdrop collection account deposits, offering users immediate access to the market once they have secured their tokens. This seamless integration between token redemption and market trading could boost interest and participation in the DOGS ecosystem.
