Binance Lists DOGS As 57th Launchpool Project

Crypto exchange Binance has announced Dogs (DOGS) as the 57th project on its launchpool. The Ton-based meme coin within the Telegram community will first be listed on the digital asset exchange with trades projected on Aug 26. The launchpool is hailed as a boost to several projects to gain community traction.

Binance Launchpool Integrates DOGS 

Binance Launchpool has integrated Dogs as the 57th project adding that it will become the first platform to list the token. In an Aug 20 announcement, the exchange noted that trading activities around the token will commence on Aug 26 with four trading pairs. DOGS will be listed in USDT, BNB, FDUSD and TRY trading pairs. 

“IMPORTANT: Binance will be the first platform to list the token mentioned herein, with trade starting on at 2024-08-26 12:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising. Please do your research to ensure the safety of your funds!”

While the project launches on Aug 26, users can stake and farm Dogs from Aug 23. Users will be able to stake BNB and FDUSD in separate pools over three days. The total supply of the asset will be 550,000,000,000 DOGS while launch pool token rewards will stand at 22,000,000,000 making up 4% of the total supply. Staking across BNB and FDUSD earn rewards with the exchange noting that the former will account for 85% while the latter 15%.

Platform to Launch Airdrop 

The release hinted at the upcoming crypto airdrop with Binance supporting the distribution of claims to eligible users. Users in Canada, the United States, Cuba, Japan, Georgia, the Netherlands, Singapore, the United Kingdom, etc will not be eligible to participate in the airdrop distribution. 

“Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.”

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David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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