The DOGS token, inspired by Spotty—the mascot created by Telegram’s Pavel Durov—has recently gained attention in the crypto community. With its upcoming listing on major platforms like OKX, this token is set to make waves in the market.
Here’s everything you need to know about the DOGS token listing.
What is DOGS Token?
- Name: DOGS
- Inspired by: Spotty, a mascot representing the unique spirit and culture of the Telegram community.
- Asset: Digital cryptocurrency.
Key Details of the DOGS Token Listing
1. OKX Listing
- Spot Trading: OKX has announced the listing of DOGS for spot trading starting on August 20, 2024.
- Pre-Market Futures: Prior to the spot trading, OKX will enable USDT-margined pre-market futures for DOGS on August 19, 2024. This allows traders to participate in price discovery before the official spot listing.
- Deposits: Deposits for DOGS will be available starting from August 14, 2024, at 9:00 am UTC.
- Withdrawals: Withdrawals will be enabled from August 21, 2024, at 10:00 am UTC.
- Features: The pre-market futures will allow traders to speculate on the price of DOGS before it officially hits the market.
- Settlement: The settlement price will be determined by the average index price over the last hour before delivery.
- Leverage: Traders can use leverage between 0.01x and 2x.
3. Speculation on Binance Listing
- While OKX has confirmed the listing of DOGS, there is speculation in the crypto community about whether Binance will follow suit. As of now, Binance has not made any official announcements regarding the listing of DOGS, but the crypto world is watching closely to see if Binance will mirror OKX’s actions.
Why the Hype Around DOGS?
The DOGS token has attracted significant attention due to its unique branding and its connection to the popular Telegram platform. The listing on OKX, a major crypto exchange, further adds credibility and is expected to drive substantial trading volume.
Risks and Considerations
- Volatility: Like all new cryptocurrencies, DOGS is expected to be highly volatile, especially in the initial trading period.
- Market Speculation: Pre-market futures prices may not accurately reflect the token’s value upon official listing, so traders should proceed with caution.
