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.

Image
source:
Shutterstock