The token generation event (TGE) for the popular DOGS memecoin has been rescheduled from August 23rd to August 26th. This change comes amid an abnormal increase in the number of claims and the increasing interest of the world community in the project.
Significant Increase in User Registrations
The DOGS has observed that the user has increased a lot in the recent days of project development. As mentioned, more than 8 million verified users signed up to directly transfer money to their trading accounts and Telegram Wallet. This rise can be attributed to growing interest in the project and increasing excitement for the TGE in the coming weeks.
Cryptocurrency enthusiasts have recently witnessed the DOGS trend on platform X, previously known as Twitter. Major centralized exchanges, including Bybit, Binance, Gate.io, and Bitget, have announced support for the DOGS token, further amplifying interest and participation.
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Extended Claim Periods to Accommodate Demand
Due to many requests being filed in small companies for the claim to be made, DOGS has provided long durations for the claims so that they can all be distributed efficiently. People can stake their tokens to exchanges and Telegram Wallets until 4:00 pm UTC on August 23rd. Furthermore, securing non-custodial wallets will be possible starting from 8 am UTC on August 26th.
This is the second time that DOGS TGE implementation has been postponed; earlier postponements were made to cater to the growing public demand and to provide more withdrawal outlets. The project stays focused on the community needs and the availability of enough time for all participants to lodge their claims.
Official Communications and Caution Against Fake Listings
Cohesion has been placed on the official sources for information on the TGE and listings by DOGS. The project has requested that its 3 million followers on X disregard fraudulent listing claims made by platforms like Lbank. All the official statements will remain in the DOGS X account and other approved group channels.
Conclusion
The decision to postpone the DOGS memecoin TGE underscores the project’s dedication to a fair and efficient distribution process amid soaring interest. With extended claim periods and support from leading exchanges, the DOGS community awaits the upcoming token launch on August 26th.
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Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.