The DOGS token farming event will be place on August 23–25, 2024, on Binance Launchpool.
You may earn DOGS tokens by staking BNB or FDUSD. The payoff is calculated hourly.
As of August 26, 2024, Binance will feature the DOGS token with several trading pairings.
The Dogs (DOGS) coin is now available on Binance's Launchpool platform, the exchange said. Starting at 00:00 UTC on August 23, 2024, farmers will have the opportunity to produce DOGS, a memecoin developed by the Telegram community. For three days, users may earn DOGS tokens by staking BNB and FDUSD. At twelve o'clock UTC on August 26, 2024, Binance will offer DOGS cryptocurrency.
Launch of DOGS Token: Binance Staking and Trading Details
There will be a total of 550,000,000,000,000 DOGS tokens in circulation upon launch, with 516.7,000,000,000,000 representing about 93.95 percent of that amount. Trading pairings for DOGS on Binance will include USDT, BNB, FDUSD, and TRY, among others. One of the first exchanges to offer the DOGS coin is Binance. In order to take part in DOGS farming, users need to confirm their identities and reside in certain zones.
From August 23–25, users on Binance may stake BNB or FDUSD to farm DOGS. The grand prize for this agricultural event is 22 billion DOGS tokens, which is equal to 4% of the overall supply. While FDUSD gives 3.3 billion DOGS (15% of incentives), the BNB pool offers 18.7 billion DOGS (85% of payouts).
Binance Dogs Trading: Details on Staking BNB and FDUSD
Staking BNB or FDUSD in different pools is the first need for users to farm DOGS. Furthermore, each user is limited to 25,972,222.22 DOGS in the BNB pool and 4,583,333.33 DOGS in the FDUSD pool each hour. As an added bonus, members may access their spot accounts immediately upon availability since awards are computed and dispersed hourly.
DOGS Launchpool Tokenomics Overview. Written by Binance
Ton is the blockchain that the DOGS token uses. At any moment, users may unstake assets and transfer them to other pools.
For qualified customers who have deposited DOGS into their Binance accounts, Binance will back DOGS airdrop claims. Soon, the website where you may claim the airdrop will be available. Due to local laws, farming and airdrop participation is not available in some nations, such as Japan, Canada, and the US.
During the farming time, Binance will compute rewards by taking pictures of user balances every hour. Upon completion of the farming time, any stalled assets and unclaimed awards will be automatically transferred to the users' spot accounts.