Global cryptocurrency exchange leader Binance has announced the launch of a new meme coin, Dogecoin (DOGS), on its Launchpool platform. Users can farm DOGS tokens by staking Binance Coin (BNB) and FDUSD starting August 23, 2024, with trading commencing on August 26, 2024.
Launchpool Overview
Dogecoin (DOGS) becomes the 57th project on Binance Launchpool, originating from the Telegram community. Participants can stake BNB and FDUSD in separate pools to farm DOGS tokens during a three-day farming period beginning at 00:00 UTC on August 23, 2024.
Key Dates:
- Farming Period: August 23, 2024 (00:00 UTC) – August 25, 2024 (23:59 UTC)
- Trading Launch: August 26, 2024 (12:00 UTC)
Supported Trading Pairs:
- DOGS/USDT
- DOGS/BNB
- DOGS/FDUSD
- DOGS/TRY
The token will carry a Seed Tag, indicating its high volatility and associated risks.
Tokenomics
- Token Name: Dogecoin (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)
Staking Pools
| Pool | Reward Allocation | Percentage |
|---|---|---|
| BNB | 18,700,000,000 DOGS | 85% |
| FDUSD | 3,300,000,000 DOGS | 15% |
👉 Maximize your rewards by staking BNB today
Airdrop Claims
Binance will support DOGS airdrop claims for eligible users. Participants must:
- Visit the DOGS airdrop claim page.
- Deposit tokens into their Binance spot wallet at least 1 hour before listing.
- For issues, claim DOGS on-chain or contact the DOGS Telegram Bot.
Note: Launchpool participation is restricted in certain countries, including the U.S., Canada, and Japan.
FAQs
1. What is Binance Launchpool?
Binance Launchpool allows users to farm new tokens by staking BNB, FDUSD, or other supported assets before trading begins.
2. How long is the DOGS farming period?
The farming window lasts 72 hours, from August 23 to August 25, 2024.
3. Why does DOGS have a Seed Tag?
The Seed Tag highlights higher risk due to volatility. Users must pass quizzes to trade Seed Tag tokens on Binance.
4. Can U.S. residents participate?
No. Users from prohibited regions, including the U.S., cannot join Launchpool activities.
5. What’s the token distribution?
93.95% of DOGS will circulate at launch, with 4% allocated to Launchpool rewards.
👉 Explore FDUSD staking opportunities here
Conclusion
Binance continues to innovate with meme coin offerings like DOGS, combining community-driven appeal with structured staking rewards. Always review project details and risks before participating.
For official updates, refer to Binance’s announcement.
### Keyword Integration:
- Binance Launchpool
- DOGS token
- BNB staking
- FDUSD staking
- Meme coin
- Token farming
- Cryptocurrency airdrop