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Read more: DOGS Memecoin Review: Telegram’s Memecoin Project listed on Binance Launchpool
Telegram Wallet said that the DOGS token launch caused problems on different crypto exchanges and affected some wallet functions. The wallet’s exchange feature is not working right now, but the team is working hard to fix the problems and bring back normal transactions and peer-to-peer (P2P) services.
The company also faced some issues yesterday with the launch of DOGS tokens, though the network and app are back to normal. Bybit and OKX also noticed some slight service interruptions. Binance announced that the interruption occurred in connection to the lengthy process of the TON network upgrade, which temporarily suspended deposits and withdrawals for TON tokens.
TON network claimed to have dealt with requests’ speed at a really high level—up to 150,000 requests per minute when DOGS launched. It’s ready for stress testing in anticipation of up to 10 million users at the same time.
To allay any fear about fairness, the Dogs Community assured that there are tight rules against cheating. Accounts found cheating will have their DOGS frozen, even if they were already moved to an exchange. The group made it a point to emphasize that the rewards would go to actual users, not cheaters.
DOGS is a meme coin with a dog mascot. Users just get excited with the blockchain application that was initially started through an interactive experience around tokenized stickers to talk about the founder of Telegram. Huge adoption, all these considering that the backing is from the TON blockchain, with 8 million users claiming airdrops and over 16 million members active in the Telegram group.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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