As the listing of the DOGS meme coin approaches, the cryptocurrency exchange Lbank has initiated spot trading of a fraudulent token bearing the same name. This was announced by the developers of the mini-application.
Be careful, $DOGS has not been listed yet.
You will know the news here from the first hand.
Lbank just launched scam token to dump it to their community, which is a shame.
Be a good dog, don’t scam people ? https://t.co/NKYoqD94L1
— Dogs Community ? (@realDogsHouse) August 20, 2024
“The [exchange] decided to ‘dump’ a scam token on their community. It’s a disgrace,” wrote the DOGS team.
At the time of writing, the price of the fake meme token on Lbank stands at $0.018483. This significantly exceeds the price of the real coin — for instance, pre-market futures on OKX trade at $0.003969.
Earlier, the DOGS team announced the postponement of the listing on major platforms, including Binance, Bybit, and OKX, to August 23.
? 3 Days to Go! $DOGS will officially list on #BybitSpot with @realDogsHouse on August 23 at 12 PM UTC!
Don’t miss your chance to win from a 3.41B DOGS prize pool!
? Token Splash: https://t.co/HdnpSYKllO
? Learn More: https://t.co/64tTf9xuwO#TheCryptoArk #BybitListing pic.twitter.com/vCxkiDBmyd— Bybit (@Bybit_Official) August 20, 2024
According to Tonviewer, 100% of the DOGS supply is currently held in the corresponding smart contract.
As reported in the project’s published tokenomics, 81.5% of the total issuance of 550 billion meme coins will be allocated for an airdrop to the community.