Binance Launchpool Introduces Dogs (DOGS) Token with BNB and FDUSD Staking

Binance, a leading global cryptocurrency exchange, has announced the addition of Dogs (DOGS), a new memecoin, to its Launchpool platform. According to Binance, users can farm DOGS by staking Binance Coin (BNB) and FDUSD, starting from August 23, 2024.

Launchpool Details

The Dogs (DOGS) token is the 57th project on Binance Launchpool, originating from the Telegram community. Users will have the opportunity to stake their BNB and FDUSD into separate pools to farm DOGS tokens over a three-day period, beginning at 00:00 UTC on August 23, 2024.

Binance will officially list the DOGS token on August 26, 2024, at 12:00 UTC. Trading pairs available will include DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY. The token will be flagged with a Seed Tag to indicate its high volatility and associated risks.

Tokenomics

• Token Name: Dogs (DOGS)

• Total and Max Token Supply: 550,000,000,000 DOGS

• Launchpool Token Rewards: 22,000,000,000 DOGS (4% of total token supply)

• Initial Circulating Supply When Listed on Binance: 516,750,000,000 DOGS (~93.95% of total token supply)

Supported Pools

• Stake BNB: 18,700,000,000 DOGS in rewards (85%)

• Stake FDUSD: 3,300,000,000 DOGS in rewards (15%)

• Farming Period: 2024-08-23 00:00 (UTC) to 2024-08-25 23:59 (UTC)

DOGS Farming Accumulation

Binance will support the distribution of DOGS airdrop claims for eligible users, who can claim their airdrop tokens via the DOGS airdrop claim page. Users are advised to ensure their tokens are deposited into their Binance spot accounts one hour before the listing time. If issues arise, users can claim DOGS on-chain or contact the DOGS Telegram Bot.

Participation in the Launchpool is subject to eligibility based on the user's country or region of residence. Users from certain countries, including the United States, Canada, and Japan, will not be able to participate in farming DOGS.

For more information, visit the official announcement on Binance.