Binance, a leading cryptocurrency exchange, has announced the launch of a new meme token called DOGS (DOGS) on its Launchpool platform. This development is creating excitement in the cryptocurrency community, and we’re here to give you all the important details about this addition to the Binance ecosystem.
**What is the DOGS Token?**
DOGS is a meme token that has been gaining popularity within the Telegram community. Binance is backing this project by hosting a Launchpool event, where users can earn DOGS tokens by staking BNB and FDUSD. The total supply of DOGS tokens is 550 billion, with 22 billion tokens (4% of the total supply) being distributed as rewards through the Launchpool.
**DOGS Farming Information**
Binance will officially list the DOGS token on August 26, 2024. Trading pairs available will include DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY. Additionally, the DOGS token will be marked with a Seed Tag.
**Launch Details**
- **Token Name:** 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 (~94%)
The DOGS token smart contract will be implemented on the Ton network, and KYC is required for staking.
**Staking and Rewards**
- **BNB Pool:** Hourly Limit: 25,972,222.22 DOGS, Total Reward: 18,700,000,000 DOGS (85%)
- **FDUSD Pool:** Hourly Limit: 4,583,333.33 DOGS, Total Reward: 3,300,000,000 DOGS (15%)
