Binance

Binance

Crypto exchange Binance has unveiled Dogs (DOGS) as the 57th project to join its Launchpool platform. The Ton-based meme coin, popular within the Telegram community, will make its debut on Binance with trading expected to begin on August 26. The Launchpool aims to support various projects by helping them gain traction within the community.

Binance Launchpool Integrates DOGS

Binance Launchpool has officially integrated Dogs, becoming the first platform to list the token. According to a statement released on August 20, trading for the token will commence on August 26, with four available trading pairs: USDT, BNB, FDUSD, and TRY.

An important note in the announcement reads:
“Binance will be the first platform to list the token mentioned herein, with trading starting at 12:00 (UTC) on 2024-08-26. Any claims offering this token for sale before this date are false advertising. Please do your due diligence to protect your funds.”

Though trading begins on August 26, Binance users will have the opportunity to stake and farm DOGS starting August 23. Users can stake BNB and FDUSD in two separate pools for three days. The total supply of DOGS is set at 550,000,000,000, of which 22,000,000,000 tokens (4% of the total supply) will be distributed as rewards through the Launchpool. Staking BNB will account for 85% of the rewards, while FDUSD staking will make up the remaining 15%.

Platform to Launch Airdrop

The announcement also hinted at an upcoming crypto airdrop, with Binance facilitating the distribution of DOGS to eligible users. However, residents of Canada, the United States, Cuba, Japan, Georgia, the Netherlands, Singapore, and the United Kingdom, among other regions, will be excluded from participating in the airdrop.

The airdrop process will involve taking snapshots of users’ balances and total pool balances multiple times per hour. These snapshots will be used to calculate users’ hourly average balances, with rewards updated on an hourly basis. Users will be able to accumulate their rewards and claim them directly into their spot accounts at any time.

 

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