Key Takeaways
- Fred The Dog is the latest meme coin aiming to redefine the crypto sector by creating a global pet-based crypto community, under the slogan “Never Give Up”.
- The $FRED is currently in its presale selling at $ 0.001131 per token as of 29th January 2025.
- Many crypto enthusiasts are claiming that the project is a potential scam due to transparency and other issues.
With Trump’s reign kicking off, almost all crypto-enthusiasts are awaiting the dawn of a crypto-friendly environment. His recent proposal for a national digital asset stockpile has somewhat solidified this fact. This has prompted many traders and investors to look for ways to diversify their portfolios. That’s where the presales come into play.
Presales are events hosted by a budding project to accumulate funds. They provide a golden opportunity for traders to acquire tokens during the initial development stage of the crypto project and later profit from them when they hit the market. This article will explore one such promising presale currently in session, Fred The Dog. Furthermore, we will provide a brief outlook on the project, its speculative listing date, and how you can purchase the $FRED token from its presales.
Fred The Dog: A Brief Overview of the Meme Project
Blockchain technology has incited the growth of several meme coins in the crypto sector and Fred The Dog is the latest one that aims to redefine the mem coin sector by creating a global crypto community, under the slogan “Never Give Up”. The meme coin was introduced to create an environment where abandoned, abused, and neglected pets could live peacefully and with love.
The endgame for the latest meme coin is to build a global network of pet shelters, veterinary clinics, and pet hospitals that will provide a safe haven for pets but can also generate the funds needed to look after them throughout their lives. Depending on the success of the meme project, there have been talks of introducing a video game, allowing players to engage with the Fred project.
The FRED token is designed to be fully compatible with all the Ethereum Virtual Machine (EVM)-based blockchains. However, the team behind the project has announced that it will operate on the Binance Smart Chain. They specified that it was decided based on strategic partnerships to ensure the best infrastructure for the token’s growth.
Tokenomics of FRED Token
$FRED is the native meme token of the Fred The Dog meme coin project. Since its debut in the crypto realm, a lot of people have expressed support for the coin, seeing its ultimate goal, especially pet lovers. Here’s a brief tabular overview of the token.
| Name | Fred The Dog |
| Ticker | $FRED |
| Blockchain | Binance Smart Chain |
| Token Standard | BEP-20 |
| Max Supply | 100 Billion Tokens |
| Current Holders | 16 Wallets |
| Contract Address | 0xb3427a8d1e8a20F4267370fb74a73AF603d04061 |
Token Burning Mechanism
To further reduce supply and increase the token’s demand in the market, the project will conduct a burning mechanism where a small percentage of the tokens are burned as FRED grows. The percentage of tokens that will be burned will depend on the position and market cap of the coin in the crypto market.
Token Distribution
| Event | Distribution |
| Marketing | 25% |
| Presale | 20% |
| Treasury | 10% |
| Team | 10% |
| Donations | 10% |
| Liquidity | 5% |
| Advisors | 2% |
| Airdrop | 2% |
The FRED tokens vesting plan is distributed specifically to ensure long-term stability and will be tied to the token’s market capitalization milestones, excluding the initial 27 billion token launch.
Fred The Dog Presale Guide Presale Overview
$FRED, the main meme token of the Fred The Dog platform is currently in its presale phase. The ongoing presale commenced on the 5th of October 2024 and has been going for almost 4 months. So far, they haven’t specified how much they have raised from the presales nor how many tokens they sold during these times.
The $FRED is currently priced at $0.001131, which will increase in 2 days when the presale moves onto its next phase. Based on the latest reports, the FRED token will debut in the 1st quarter of 2025. The $FRED launch price will be determined based on its final presale price with a slight premium added at launch.
How to Buy the $FRED Tokens From Presales?
If you’re interested in the FRED meme token and are considering buying it, refer to the below steps.
- Step 1: Install and set up a wallet compatible with the FRED platform.
- Step 2:.Fund your wallet using bank transfer, P2P trading, or card transactions.
- Step 3: Visit the official FRED presale page.
- Step 4: Connect your wallet to the platform.
- Step 5: Specify how many FRED tokens you want to buy.
- Step 6: Click the “Buy” button and confirm the transaction in your wallet.
After the presale ends, a portion of the presale tokens, approximately 27 billion tokens, will be airdropped to the users’ wallets. The remaining tokens will be distributed as the project grows in the market.
Future Outlook of the Fred The Dog Project
The Fred The Dog meme coin project consists of 5 phases with the second one in session as of January 29, 2025. Now, the project has 3 more phases ahead of itself, after which it will become a fully-fledged crypto project. Each phase comprises different objectives and milestones that the project aims to accomplish. Here is a list of phases and the corresponding goals during each phase.
Phase 1 (Q2-Q3 2024)
- Team Formation
- Developing Whitepaper.
- Launching Website
- Presale Preparation
Phase 2 (Q4/Q1 2025)
- Blockchain Testing
- Presale
- Marketing Campaigns
- Listing in Exchanges
Phase 3 (Q3-Q4 2025)
- Video Game Development
- Animated Movie Development
- Fred Sport Character Clothing Collection
- Marketing Campaigns
Phase 4 (Q3-Q4 2025)
- Launching Video Game
- Documentation for Shelters, Hotels, and Vet Clinics
- Marketing Campaigns
Phase 5 (2026 & Beyond)
- Animated Movie Launch
- Permits, construction, and opening of Shelters, Hotels, and Vet Clinics.
Conclusive Thoughts: Is The $FRED A Scam?
Per various crypto forms and other social media platforms, “Fred the Dog” is often considered a potential scam, and with valid reasons.
- Generic Name: “Fred” is often used as a generic name for a dog in scam scenarios, making it a red flag during online encounters.
- Emotional Manipulation: The sad and vulnerable image of a dog to trigger an emotional response and prompting donations is a major red flag.
- Lack of Transparency: The presale has been going on for over 4 months but the team still hasn’t disclosed how much they got and how it is progressing.
- Team Members: The team comprises members from big companies like Coca-Cola and other industrial giants but they aren’t as reputed as the project claims.
- Lack of Social Media Influence: The meme project has social media accounts on most platforms but the community is pretty small.
Based on these facts, there is a possibility that the meme coin project is a scam. So, it would be better if you consider digging deeper into the project before making an investment decision.
