Pre-market DOGS Prices Suggest Ready to Launch with Fantastic Valuation!

Bittime - DOGS pre-market trading prices show this token could reach a Fully Diluted Volume (FDV) value of $550 million (around IDR 8.4 trillion). Find out more in this article!

DOGS, a token based on The Open Network (TON), is set to debut with a surprising valuation. So, what makes DOGS so special and why is this project worthy of the spotlight?

Pre-Market DOGS Prices: Reading Early Signals

Bitget reports great pre-market trading activity for DOGS tokens. Reporting from crypto.news on August 20, Bitget representatives revealed that trading volume had reached more than $4 million (around IDR 61.6 billion) in Tether (USDT).

This pre-market trading phenomenon is not unique to Bitget. Other platforms such as KuCoin and Gate also launched similar products, indicating high market enthusiasm for DOGS. 

The price of this token is traded for less than one cent on the dollar, around $0.001 (Rp. 15) at various pre-market venues.

Even more surprising, many analysts predict that DOGS has the potential to reach a fully diluted valuation (FDV) of $550 million (Rp. 8.47 trillion) soon after its official launch. This figure is certainly no joke for a project that is just about to launch.

Read also: Latest DOGS Price: This is the Value Per Coin!

DOGS Massive  Airdrop 

DOGS doesn't just rely on pre-market hype. This project also conducted a massive airdrop to the Telegram community. 

According to the latest data from the DOGS community on Telegram, more than 6 million verified users have claimed 30% of the total 440 billion tokens allocated for the airdrop.

Potential recipients have until August 21 at 18:00 UTC to queue for airdrop deposits on supported exchanges and Telegram Wallet. Meanwhile, claims via non-custodial wallets have a deadline of August 23 at 08.00 UTC, with a token listing scheduled for the same day at 12.00 UTC.

Interesting DOGS Tokonomics

Of the total supply of 550 billion DOGS tokens, almost 82% is allocated to users. Meanwhile, 10% is reserved for the development team and future updates. 

Interestingly, the project implements a 12-month lockup period, meaning the team cannot liquidate tokens until August 2025. Additionally, 8.5% of the total supply is earmarked for liquidity purposes.

DOGS isn't the only TON-based project attracting attention. Previously, Notcoin (NOT) had distributed billions of tokens to early users. 

Meanwhile, other projects like Hamster Kombat even promised to deliver the "biggest airdrop in crypto history."

Read also: DOGS Token Claim Schedule Update, Claims Postponed? Following is the detailed information

According to data from DappRadar, activity on the TON network has increased significantly in recent months. The number of daily active unique addresses on the network has jumped from around 300,000 at the start of the year to more than 700,000 as of August 2023.

Conclusion

Even though DOGS shows promising potential, investors need to remain vigilant. The crypto market is known for its high volatility, and new projects like this can carry significant risks.

However, if DOGS manages to maintain its momentum, it could be an interesting indicator of the future of mini apps on platforms like Telegram.  With more than 700 million monthly active Telegram users, the mass adoption potential for these kinds of projects is huge.

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