Binance Launchpool: Earn Dogs (DOGS) by Staking BNB and FDUSD

The leading cryptocurrency exchange Binance has announced Dogs as the next project featured on their Binance Launchpool staking platform.

Until August 25 at 23:59 UTC, you can earn Dogs tokens on Binance simply by staking your BNB or the FDUSD stablecoin. You can withdraw the coins you’ve staked at any time and keep the NOT token rewards.

You can earn DOGS tokens on Binance Launchpool between August 23 (00:00 UTC) and August 25 (23:59 UTC). The amount of token rewards you earn will depend on how many coins you stake.

Earn DOGS Tokens on Binance

Binance plans to distribute 4% of the initial total DOGS token supply to users on Launchpool. This translates to 22 billion DOGS tokens out of an total supply of 550 DOGS tokens.  

85% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 15%. However, this doesn’t necessarily mean that you will earn more DOGS if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool. 

In addition to featuring the DOGS token on its Launchpool platform, Binance will also be listing the token for trading on the Binance exchange. The token will be available for trading starting on August 26 at 12:00 UTC in trading pairs against USDT, BNB, FDUSD, and TRY. 

It is worth noting that Binance will be listing DOGS with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone.” The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.

What is Dogs (DOGS)?

Dogs is a meme coin project that started in the Telegram community. Fittingly, the DOGS token is issued as a token (Jetton) on the TON Blockchain. The mascot of this meme coin project is a drawing of a dog that was made by Telegram founder Pavel Durov as part of a charity auction.

The project itself has an ambitious goal of creating the largest meme coin community in the world by tapping into Telegram’s vast userbase. At the time of writing this article, the official Dogs Telegram channel has over 16 million subscribers. According to the Dogs project, community distribution and fair distribution of rewards are the pillars of the Dogs meme coin.

Initially, DOGS tokens were distributed to Telegram users based on various criteria such as the age of their Telegram account, their wallet reputation and other factors.

The DOGS token has a supply of 550 billion, and 72.73% of the supply has been reserved for the community airdrop. Let’s take a closer look at the token’s planned distribution:

• Community Airdrop: 72.73%
• Marketing: 9.18%
• Liquidity: 5.45%
• Team: 5.36%
• Binance Launchpool: 4%
• Advisory: 3.27%

How to earn DOGS tokens on Binance Launchpool

If you want to earn Dogs farming rewards, you’ll need a Binance account.

Create Binance Account

Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in DOGS token farming on Binance Launchpool.

Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat. 

After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select “More.” Then, go to “Launchpad & Launchpool.”

Then, find the available Dogs farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange. 

Please note that the following image shows the interface for a previous project featured on Binance Launchpool (Renzo), since Binance hasn’t yet updated their site to display the Dogs Launchpool campaign.

As a final note, here’s a quick breakdown of key dates and information about the Dogs Launchpool campaign: