TON-Based Shiba Inu (SHIB) Rival Listed on Major US Exchange

As a seasoned researcher who has navigated the labyrinthine world of cryptocurrencies for years, I find myself intrigued by the latest developments surrounding DOGS and TON. The listing on Crypto.com is undeniably a significant step towards mainstream adoption, yet the ongoing technical issues are concerning. It’s not uncommon in this fast-paced industry to encounter hiccups along the way.


crypto.com, a prominent exchange with American backing, recently declared that they will be adding the DOGS token (symbol DOGS) to their platform.

Users can buy it using the U.S. Dollar (USDT), Euro, and numerous other traditional currencies.

The meme coin upstart, which is powered by The Open Network (TON), is based on Spotty, a canine mascot created by Telegram founder Pavel Durov. 

Remarkably, this cryptocurrency features a dedicated bot on Telegram, enabling users to amass tokens through various engagements like inviting peers or following social media accounts. Long-term users and premium members may even earn additional tokens.

Just a week ago, Binance introduced the DOGS token onto its Launchpad platform, moving it a step nearer to mainstream adoption.

Today, it was disclosed that the TON network update is taking more time than anticipated because of unexpected problems, leading to a temporary halt in deposit and withdrawal services.

Telegram Wallet has informed users that certain exchanges are currently encountering performance problems as a result of the launch of DOGS. Consequently, they have temporarily suspended their exchange service. Here’s what they stated: “Our exchange functionality is currently unavailable, but rest assured we’re diligently working to resolve this issue and return everything to normal operation as quickly as possible.”

TON ecosystem takes hit

Over the past week, the value of TON, the indigenous coin for its corresponding network, experienced a significant decrease, approximately 10%, due to the arrest of its founder, Durov.

Despite this, it remains the 11th biggest cryptocurrency, with a market capitalization of roughly $14.1 billion.   

As per a recent Fortune report, the well-known social media platform appears to be teeming with activities that are against the law.

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2024-08-26 19:21