In a recent change to bolster confidence for CoinDogg’s presale the project team has made the decision to lock up the remaining tokens allocated for early adopters and growing the ecosystem.
The move takes the total amount of locked $DOG to 927,502,326.00, which is equivalent to 92.75% of the total supply and makes the project basically rug proof!
The key advantage for holders of the project team locking such a large portion of the total supply away is that it gives absolute certainty that the project will not dump tokens after the ILO causing the trading price to crash. The lockup period guarantees that holders will have the opportunity to trade their tokens safely and benefit from the scarcity of $DOG in the market.
Exact details of the locking schedule can be found on Trust Swaps here with the first tranches of tokens to be unlocked being destined for use for marketing, future exchange listings, and to incentivize influencers and other early participants.
The later tranches of tokens scheduled to unlock over the course of the next two years represent the team’s allocation of tokens as per the project's original tokenomics and whitepaper.