The Arrival of DOGS on Binance Launchpool
Binance, a renowned cryptocurrency exchange, is introducing Dogs (DOGS), a newly launched memecoin, to its ecosystem through the Launchpool platform. This initiative allows you, as a crypto enthusiast, to earn DOGS tokens by staking Binance Coin (BNB) and FDUSD, starting August 23, 2024.
Exploring Launchpool Opportunities
The DOGS token marks the 57th addition to Binance Launchpool, emerging from the vibrant Telegram community. Here are the key details you need to know:
- Staking Period: Users can stake BNB and FDUSD in separate pools to farm DOGS tokens from 00:00 UTC on August 23, 2024, for three days.
- Trading Launch: DOGS token will be listed on August 26, 2024, at 12:00 UTC, with trading pairs like DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY. A Seed Tag will highlight its high volatility and inherent risks.
Tokenomics Unveiled
- Token Name: Dogs (DOGS)
- Total Supply: 550,000,000,000 DOGS
- Launchpool Rewards: 22,000,000,000 DOGS (4% of total supply)
- Initial Circulating Supply: 516,750,000,000 DOGS (~93.95% of total supply)
Leveraging Supported Pools
- Stake BNB: 18,700,000,000 DOGS in rewards (85%)
- Stake FDUSD: 3,300,000,000 DOGS in rewards (15%)
- Farming Period: August 23, 2024, 00:00 (UTC) to August 25, 2024, 23:59 (UTC)
Claiming Your DOGS Rewards
To facilitate the distribution of DOGS airdrop claims, Binance provides a dedicated platform for eligible users to claim their tokens. Ensure your tokens are in your Binance spot accounts an hour before the listing. If you encounter any issues, use the DOGS Telegram Bot or claim on-chain.
Keep in mind that participation eligibility in the Launchpool may vary based on your country of residence. Residents of specific countries, such as the United States, Canada, and Japan, may not be eligible to farm DOGS.
For additional details, refer to the official announcement on Binance.
Hot Take: Get Ready to Farm DOGS Tokens!
As a crypto aficionado, the opportunity to farm DOGS tokens on Binance Launchpool offers a unique chance to explore the world of memecoins and expand your digital asset portfolio. Stay informed, seize the moment, and embark on this exciting journey in the crypto space!
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