Fraud Alert! DOGS Memecoin Telegram Not Yet Listed on Exchange

Bittime – Recently, information has been circulating on social media about DOGS, a new memecoin which is claimed to be Telegram's native cryptocurrency. DOGS was promoted through airdrops and an active Telegram community, attracting the interest of many investors.

However, keep in mind that DOGS is not currently listed on any official exchange. This raises concerns that DOGS could be a fraud scheme (SCAM). Read more in this article!

Features of Memecoin SCAM:

• Not yet listed: Memecoins that have not been listed on an official exchange are suspect.

• Excessive Promotion: Promises of fantastic profits and an active community on Telegram could be an indication of a SCAM.

• Airdrop and Referral: Aggressive airdrop and referral schemes are often used to attract investors and spread FOMO (Fear of Missing Out).

• Less Transparent: The lack of information about the development team, roadmap, and whitepaper is cause for concern.

Check Today's Crypto Market:

Details of SCAM Memecoin DOGS Features:

• Massive Airdrop: DOGS offers a large number of free token airdrops to attract new users. This is not normal, because airdrops are usually only given in small amounts to test the network and build the community.
• Active Telegram Community: DOGS has an active Telegram community with many members. This community is often used to spread positive information about DOGS and encourage FOMO.
• Promise of Fantastic Profits: DOGS promises fantastic profits in a short time. This is unrealistic and should be suspected as a trap for investors.
• Lack of Detailed Information: The DOGS website and whitepaper do not provide enough detailed information about the project, development team, and roadmap. This shows a lack of transparency.

Also Read How To Buy Crypto:

Tips to Avoid SCAMs:

• Do Research: Always do in-depth research before investing in memecoins. Make sure the memecoin is registered on an official exchange and has a credible development team.

• Beware of Promotions: Don't be easily tempted by promises of fantastic profits.

• Beware of Airdrops and Referrals: Avoid airdrops and referrals whose origins are unclear.

• Use a Secure Crypto Wallet: Use a secure crypto wallet to store your digital assets.

• Do not rush: Invest only money you are willing to lose.

Memecoin Fraud Case:

In the past, there have been many cases of memecoin fraud that have caused losses to investors. One example is Shiba InuCoin (SHIB) which experienced a drastic price spike, but then fell and many investors lost their money.

Conclusion

DOGS Memecoin has several characteristics that indicate that this project is a potential SCAM. Therefore, it is important to be careful and do in-depth research before investing in DOGS.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.