As an analyst with years of experience in the dynamic world of cryptocurrencies, I find myself intrigued by Bybit’s latest move to list DOGS for trading. The meme coin market has been buzzing lately, and this move by one of the industry’s heavyweights is a testament to its potential.
Starting on August 26th, the prominent worldwide cryptocurrency platform Bybit will make it possible to trade the recently introduced meme coin, DOGS. As stated in a press release published on Wednesday, users can start trading DOGS on the exchange’s spot market around 12:00 UTC.
A platform where you can trade Bitcoin and Ethereum is loaded with sophisticated trading instruments and boasts high market fluidity, making it suitable for both novice and seasoned traders.
Promotional Events and Rewards
To entice users to join the upcoming launch, Bybit plans to organize a sequence of activities that will grant participants DOGS tokens as rewards. Known as one of the largest cryptocurrency exchanges by trading volume, this platform will initiate its “Trade to Earn” program, called Token Splash: Trade to Earn, starting on Friday, August 23.
Users can seize an opportunity by trading a minimum of $500 in DOGS using USDT stablecoin, as they stand to win up to 30 million DOGS. In this promotion, Bybit has set aside a whopping 550 million DOGS as total rewards.
Moreover, there’s a planned distribution event happening today, August 21, known as an airdrop, where a total of 350 million DOGS tokens are set to be given out to members of the Airdrop & Hot Coin Extravaganza program. Later on, from August 23 to August 30, 2024, another round of meme coins will be airdropped.
As a crypto investor, I’m excited to share that the platform I’m using is planning to incentivize me by offering rewards for referring my friends and family to their Token Splash program. Specifically, they are promising 25,000 DOGS for each successful referral I make. This sounds like a great opportunity to expand my network within the crypto community!
81.5% of DOGS Supply to Be Airdropped to Users
“Dogs, a new meme coin, is becoming popular in the crypto world. This token was recently introduced on The Open Network blockchain and has been distributed as a free gift (airdropped) to Telegram users who were actively involved with the project.”
As a crypto investor, I’ve found myself in a situation where the developers of this project have earmarked an impressive 81.5% of the total token supply, which amounts to a staggering 400 billion DOGS, for distribution among approximately 42.2 million eligible users. So far, it appears that around 8 million users have already successfully claimed their share of these tokens.
On August 23, any leftover tokens from the project will be given out to users of Bybit. The project’s creators have collaborated with both Bybit and Binance for the purpose of facilitating the DOGS airdrop and distributing the token to eligible wallet recipients.
On August 26, both platforms will make the token available for trading. Binance, though, will provide four different trading options including DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY, whereas Bybit will only offer the DOGS/USDT pair.
Additionally, Binance has included DOGS in its Launchpool. Just today, the exchange established by Changpeng Zhao (CZ) disclosed that DOGS is the 57th cryptocurrency project to be part of this program. This allows users to cultivate the meme coin before its listing.
Read More
Sorry. No data so far.
2024-08-21 16:31