Binance Research has released the tokenomics report for the TON ecosystem game Hamster Kombat. The game's native token, HMSTR, has a total supply of 100 billion tokens, with an initial circulating supply of 64.375 billion tokens at the time of Binance listing.Of the total supply, 60% of HMSTR tokens are allocated for player rewards in the first season, and 15% for rewards in the second season. Additionally, 3% will be distributed via Binance Launchpool, 4% will be allocated for liquidity, 8% will be reserved for the development team, 4% for marketing, and 6% will be dedicated to partnerships and grants.This token allocation reflects the game’s focus on incentivizing early player participation and long-term engagement through substantial rewards.

Key Takeaways

PPP helps compare currencies by looking at what a basket of goods costs in different countries, making it easier to see which currency gives you more purchasing power.

PPP is key for adjusting GDP and understanding how far money goes in different places, giving a clearer view of living standards and economic health worldwide.

PPP can be indirectly related to the crypto world, offering insights into how people in countries with weaker currencies can use cryptocurrencies and stablecoins to protect their buying power.

Introduction

Ever wondered why something that costs $10 in the US might cost way less in another country? That's where the concept of purchasing power parity (PPP) is used. PPP is a term economists use to compare the buying power of different currencies worldwide.

In simple terms, PPP can help us figure out how much stuff our money can buy in different places. Whether it's a cup of coffee in Brazil or a pair of sneakers in Germany, PPP gives us a way to make these price comparisons meaningful across borders.

Let's dive into the details of how this works and why it's so important for understanding the global economy.

How Does PPP Work?

So, the idea behind purchasing power parity is based on something called the law of one price. This law says that if there were no barriers, the price of identical goods should be the same everywhere, once you factor in the exchange rate. 

Imagine you’re shopping for a new phone. If the exact same phone costs $500 in the US and 55,000 yen in Japan, then according to PPP, the foreign exchange rate should be 110 yen for every US dollar. Simple, right?

Of course, life isn’t that straightforward. There are things like taxes, shipping costs, and local demand that make goods more expensive in one place and cheaper in another. So, instead of just looking at one item, economists use a basket of goods –- a mix of products like food, clothing, housing, and energy that people in different countries tend to buy. By comparing the prices of this basket, they can figure out the relative strength of different currencies.

Why Is PPP Important?

PPP isn’t just for economists. It has real-world importance, especially when it comes to measuring a country’s economy and the cost of living. When we talk about a country's gross domestic product (GDP), i.e., how much a country produces, we often use PPP to adjust for price differences across countries. This way, we get a better idea of how much people are actually earning and spending.

Take India, for example. On paper, its GDP per capita might seem low if we use regular exchange rates. But, when we adjust for PPP, which takes into account the lower cost of living, the picture changes. Suddenly, the average income looks much more comparable to that of other countries, and we get a better sense of the overall standard of living.

Organizations like the International Monetary Fund (IMF) and the World Bank use PPP-adjusted GDP to provide a clearer picture of global wealth distribution.

Comparing living standards

One of the most useful things about PPP is that it helps compare living standards. By adjusting for local prices, you can see how far your salary might stretch in different countries. $50,000 a year might give you a comfortable lifestyle in one place but be barely enough to get by in another.

Long-term exchange rate predictions

Currency exchange rates can bounce up and down for all sorts of reasons — politics, stock markets, you name it. But over time, they tend to settle closer to what PPP suggests. Economists use this to make long-term predictions about how currencies might behave.

Exposing economic shenanigans

Sometimes, governments tweak official exchange rates to make their currency look stronger than it really is. PPP can be a handy tool in such situations for spotting when a country’s currency isn’t reflecting its real value.

Real-World Examples of PPP: Big Macs and iPads

You may have heard of the Big Mac Index. It’s a fun and easy way to understand PPP, created by The Economist. The idea is simple: since McDonald's Big Macs are pretty much the same everywhere, comparing their price in different countries gives you a quick look at the purchasing power of each currency. If a Big Mac costs $5 in the US but only $3 in India, that tells you something about the value of each country’s currency.

Other similar comparisons have popped up over the years, like the iPad Index or the KFC Index. These tools use everyday products to make it easier to see how PPP plays out in real life.

Challenges and Limitations of PPP

As useful as PPP is, it's not perfect. A common issue relates to the quality of products. For example, a product in one country might be priced higher because it's better quality, even if it looks the same. So, comparing prices isn’t always “apples to apples”.

Another potential limitation relates to non-traded goods. Some things, like real estate or local services (like haircuts or electricity), aren’t traded internationally. Prices for these items can vary widely depending on local conditions.

Inflation and time sensitivity may also present challenges. PPP assumes that prices remain relatively stable over time, but we all know that inflation can throw a wrench into that plan. A price comparison that makes sense today might be outdated a few months later.

PPP and Cryptocurrencies

While purchasing power parity and cryptocurrency markets aren't directly linked like traditional forex markets, PPP can provide insights into how people in different countries perceive and interact with cryptocurrencies.

Bitcoin and other cryptocurrencies are global assets, meaning they are not tied to any single country. However, people in countries with weaker currencies (based on PPP) may find it more expensive to buy crypto, making it a potential hedge against currency devaluation. This is particularly common in countries that have experienced hyperinflation.

In countries with weaker currencies or high inflation, stablecoins can offer a way for people to maintain their purchasing power, making them a practical financial tool in certain regions. While stablecoins may also present risks, PPP can play a role in determining whether it's advantageous to convert local currency into a stablecoin in such cases.

Closing Thoughts

In short, purchasing power parity is a powerful tool for making sense of global prices, incomes, and economies. While it’s not perfect, it gives us a way to level the playing field when comparing countries’ economic strengths.

Whether you’re an economist trying to predict exchange rates, a company figuring out pricing strategies, or just a curious traveler wondering why everything feels cheaper (or more expensive) abroad, PPP has something to offer.

Further Reading

What Is Forex Trading?

What Is Inflation?

What Is a Stablecoin?

What Are Carry Trades and How Do They Work?

Disclaimer: This content is presented to you for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.

Key Takeaways

DOGS is a dog-themed meme coin built on The Open Network (TON) blockchain, inspired by a dog character called Spotty.

The coin has a total supply of 550 billion tokens, with over 516 billion already in circulation, distributed mainly to Telegram users based on their activity.

DOGS gained significant exposure through its launch on Binance Launchpool, but like other meme coins, trading DOGS involves uncertainty and volatility risks.

DOGS Meme Coin

Similar to other dog-themed coins like Dogecoin and Shiba Inu, DOGS is a dog-themed meme coin. Developed on The Open Network (TON) blockchain, DOGS draws its identity from Spotty, a character linked to Telegram's founder, Pavel Durov.

Durov created Spotty as a simple dog sticker used in a charity auction to support orphanages. Soon after that, Spotty grew into a popular figure in the crypto space.

Token Metrics (Dogenomics)

DOGS has a total supply of 550 billion tokens, of which 516.75 billion are in circulation (as of September 2024). The coin’s distribution strategy involved DOGS tokens being airdropped to users based on their activity and engagement on the Telegram platform.

According to the official DOGS Telegram:

81.5% of the total supply will be allocated to the community without any vesting periods or locks. Out of the 81.5%, 73% went to Telegram OGs who earned DOGS through the mini-app tasks and activities. The other 8.5% is allocated to rewards for sticker creators, traders, and future community members.

10% is allocated for the DOGS team and future project development, mostly with a 12-month vesting period.

8.5% is reserved for liquidity on centralized and decentralized exchanges or other liquidity-related events.

DOGS Airdrop

The DOGS airdrop considered factors like the age and activity of Telegram accounts and whether they had a Telegram Premium subscription​. The approach aimed to combine the meme coin culture with Telegram’s user base for wider adoption.

On average, each eligible user received around 9,500 DOGS, with more than 400 billion DOGS tokens distributed by August 20.

How to Claim the DOGS Airdrop?

The last day to earn DOGS tokens from the initial airdrop was August 14, 2024. Eligible users who participated in the DOGS games and Telegram activities before the deadline can still claim their DOGS airdrop via the official DOGS Telegram bot.

Eligible users can choose to claim their DOGS on-chain without fees (slower process) or with a small fee (faster withdrawal).

As of September 3, 2024, there is no official information about the possibility of new airdrops in the future.

Market Presence

DOGS managed to achieve 1 million Telegram users in less than 24 hours and is ranking among the top 100 cryptocurrencies by market capitalization (as of September 2024). However, like many meme coins, its value and long-term sustainability remain subjects of speculation.

Binance Launchpool

On August 21, 2024, DOGS was introduced on the Binance Launchpool, where users could earn DOGS tokens by staking their BNB or FDUSD. This launch provided DOGS with additional exposure and liquidity through the largest cryptocurrency exchange in the world.

Closing Thoughts

DOGS is a meme coin with deep connections to the Telegram platform, mixing elements of charity, crypto, and meme culture. It has gained attention thanks to its listing on Binance Launchpool and its unique way of distributing tokens.

However, like most meme coins, DOGS can be pretty unpredictable, so anyone thinking about investing should be aware of the risks involved. Do your own research and never invest more than you can afford to lose.

Further Reading

What Are Meme Coins?

Your Guide to Binance Launchpad and Launchpool

What Is Dogecoin?

What Is Shiba Inu (SHIB)?

Disclaimer: This content is presented to you for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

We are thrilled to welcome South Asian users to Binance Square! To celebrate, we're giving away $4,000 in BNB token vouchers. Follow “Binance South Asia” account and share the announcement post to get your share of the prize pool!
Campaign Period: 2024-09-04 00:00 to 2024-09-18 23:59 (UTC)
How to Participate:
Follow: Follow the Binance South Asia account on Binance Square – https://www.binance.com/en/square/profile/binance_south_asia Share: Share this announcement post across your other social media platforms.
Eligibility: 
This campaign is open exclusively to users who have completed KYC from South Asia (India, Sri Lanka and Bangladesh)
Rewards:
All eligible participants will share a $4,000 in BNB reward pool, with rewards capped at $1 per participant.

Follow Binance South Asia on Binance Square to stay updated on all our exciting campaigns and announcements!

Terms and Conditions:
The campaign is open only to users with KYC from South Asia (India, Sri Lanka and Bangladesh)Rewards are capped at $1 per participant.The BNB token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.

Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up and you may not get back the amount invested. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.

Join the #CryptoForEveryone Campaign and Win Big! 🥳
Are you from Africa? Have you already participated in the Crypto for Everyone campaign where a staggering $128,500 in FDUSD rewards is up for grabs?! Now's your chance to share your experience and insights on Binance Square and earn even more rewards – up to 1,000 FDUSD in extra rewards!

Campaign Period: 2024-08-26 00:00 to 2024-09-16 23:59 (UTC)
How to Participate:
1. Create a Post: Share your thoughts about the Crypto for Everyone campaign on Binance Square.
2. Use the Hashtag: Include #CryptoForEveryone in your post.
3. Describe Your Experience: Explain the "Crypto for Everyone" campaign and which tasks you have participated in or plan to participate in. Describe at least one of the campaign tasks in detail.
4. Add a Link: Provide a link to the campaign page in your post: Campaign Page

Make sure your post has a minimum length of 200 characters.

For more information about the campaign, refer to this Blog Post.

Guidelines:
Make certain your shared content is original and filled with insightful information. Posts with high engagement lacking original content may be disqualified.

Winner Selection: 
Twenty (20) posts generating the most unique engagement will each be rewarded with 50 FDUSD.

Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 200 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.Should a creator be declared a winner and be rewarded in any campaign, but subsequent findings reveal a violation of the campaign's rules on their part, their eligibility for future rewards will be suspended. The suspension period will commence from the end date of the campaign where the violation occurred and will last for 30 days.The content needs to be posted in Binance Square organically to qualify for the reward.In order to be eligible for a reward, your account must be completely configured, which includes a properly set up username and a profile picture. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of the final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.
Additional promotion terms and conditions can be accessed here.

Binance, the largest crypto exchange globally, teased a significant announcement for the Shiba Inu ecosystem with a mysterious image. The picture featured a Shiba Inu dog beside oranges on luggage wrapped in Binance's yellow ribbon, captioned 'pawsitively prepped for the next chapter!'. Speculation arose about a potential integration of Shibarium, Shiba Inu's layer 2 solution, to enhance blockchain scalability and efficiency. Community members speculated on rewards for ecosystem tokens BONE and LEASH. Discussions also included the possibility of a token burn program for Shiba Inu, akin to Binance's efforts with Terra Luna Classic. The community eagerly awaits official details from Binance, as theories circulate about new token listings or burn initiatives. The outcome of these speculations could have a significant impact on the Shiba Inu ecosystem. SHIB was trading at $0.000027 at the time of writing. Read more AI-generated news on: https://app.chaingpt.org/news