DOGS Token Listed On Binance Launchpool Platform Stake BNB and FDUSD to Earn Coins
YEREVAN (CoinChapter.com) — Binance announced the addition of Dogs (DOGS) token to its Launchpool platform. DOGS, a memecoin from the Telegram community, will be available for farming starting August 23, 2024, at 00:00 UTC. Users can stake BNB and FDUSD to earn DOGS tokens for three days. DOGS crypto will be listed on Binance on August 26, 2024, at 12:00 UTC.
DOGS Launch on Binance Launchpool. Source: @binance DOGS Token Launch: Staking and Trading Details on Binance
The DOGS token has a maximum supply of 550 billion, with an initial circulation of 516.7 billion tokens, which is about 93.95% of the total supply. Binance will list DOGS with trading pairs such as DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY. Binance is the first platform to list the DOGS token. Users must verify their accounts and be from eligible regions to participate in DOGS farming.
Users can farm DOGS by staking BNB or FDUSD on Binance from August 23 to August 25. The total rewards for this farming event are 22 billion DOGS tokens, 4% of the total supply. The BNB pool offers 18.7 billion DOGS (85% of rewards), while the FDUSD pool offers 3.3 billion DOGS (15% of rewards).
DOGS Farming on Binance: BNB and FDUSD Staking Details
To farm DOGS, users first need to stake BNB or FDUSD in separate pools. In addition, the BNB pool has an hourly cap of 25,972,222.22 DOGS per user, while the FDUSD pool has a cap of 4,583,333.33 DOGS per user. Moreover, rewards are calculated and distributed hourly, so users can claim them directly to their spot accounts as soon as they are available.
DOGS Launchpool Tokenomics Overview. Source: Binance.com
The DOGS token runs on the Ton blockchain. Users can unstake assets anytime and reallocate them to other pools.
DOGS Airdrop and Farming Details: Regional Restrictions and Reward Calculation Explained
Binance will support DOGS airdrop claims for eligible users who deposit DOGS into their Binance accounts. The airdrop claim page will be live shortly. Some countries, including Canada, the United States, and Japan, are excluded from farming and airdrop participation due to local regulations.
Binance will take hourly snapshots of user balances to calculate rewards during the farming period. Staked assets and unclaimed rewards will automatically transfer to users’ spot accounts after the farming period ends.
The post DOGS Token Listed On Binance Launchpool Platform: Stake BNB and FDUSD to Earn Coins appeared first on CoinChapter.
