IMPORTANT: Binance will be the first platform to list the token mentioned herein, with trade starting at 2024-08-26 12:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds!
Fellow Binancians,
Binance is excited to announce the 57th project on Binance Launchpool - Dogs (DOGS), a Ton memecoin born within Telegram community. The webpage is estimated to be available in 24 hours, before the Launchpool starts.
Users will be able to stake their BNB and FDUSD into separate pools to farm DOGS tokens over three days, with farming starting from 2024-08-23 00:00 (UTC).
Listing
Binance will then list DOGS at 2024-08-26 12:00 (UTC) and open trading with DOGS/USDT, DOGS/BNB, DOGS/FDUSD and DOGS/TRY trading pairs. The Seed Tag will be applied to DOGS.
DOGS Launchpool Details:
Token Name: Dogs (DOGS)Total and Max Token Supply: 550,000,000,000 DOGS Launchpool Token Rewards: 22,000,000,000 DOGS (4% of total token supply)Initial Circulating Supply When Listed on Binance: 516,750,000,000 DOGS (~93.95% of total token supply)
Smart Contract Details: Ton
Staking Terms: KYC required
Hourly Hard Cap per User: 25,972,222.22 DOGS in BNB pool4,583,333.33 DOGS in FDUSD pool
Supported Pools:
Stake BNB (webpage will be available in around 24 hours): 18,700,000,000 DOGS in rewards (85%) Stake FDUSD (webpage will be available in around 24 hours): 3,300,000,000 DOGS in rewards (15%)Farming Period: 2024-08-23 00:00 (UTC) to 2024-08-25 23:59 (UTC).
DOGS Farming Accumulation
Dates (00:00:00 - 23:59:59 UTC each day)Total Daily Rewards (DOGS)BNB Pool Daily Rewards (DOGS)FDUSD Pool Daily Rewards DOGS)2024-08-23 - 2024-08-257,333,333,3336,233,333,3331,100,000,000
Read about Dogs (DOGS) in our research report here, which will be available within 12 hour of publishing this announcement.
Project Links
Telegram Bot
X
Telegram Community
Please note:
Binance will support the distribution of the DOGS airdrop claims for eligible users who choose to deposit to their Binance account from the DOGS airdrop claim page (the page will be available in around 5 hours). If users claim the DOGS airdrop but do not receive tokens in their Binance spot account 1 hour before the listing time, please claim DOGS on-chain or contact DOGS Telegram Bot.Users residing in the following countries or regions will not be able to participate in airdrop distribution: Canada, Cuba, Crimea Region, Cyprus, Georgia, Iran, Ireland, Japan, Luxembourg, Netherlands, North Korea, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), Uruguay, Uzbekistan and Venezuela.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.Binance BNB Simple Earn Flexible Products and Locked Products will support the Launchpool. Users who have staked their BNB in Flexible Products and Locked Products will automatically participate in the Launchpool, and receive new token rewards.If there are more than one Launchpool projects running concurrently, users' BNB assets in BNB Flexible Products and Locked Products will be split and allocated into each project equally unless otherwise specified.BNB Flexible Products assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.Staked Lista BNB (slisBNB) in Binance Web3 MPC Wallet will be supported in Launchpool reward calculation.BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations.Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming DOGS.
Currently, users residing in the following countries or regions will not be able to participate in farming DOGS: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-08-21
Note: This announcement was updated on 2024-08-23 to remove Singapore from the list of unsupported countries and clarify Binance’s right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool.

The cryptocurrency world is no stranger to scams, but recent events have shed light on a more alarming trend—established exchanges themselves engaging in fraudulent activities. One such incident involves the LBank exchange, which has been accused of deliberately deceiving its users by listing and trading a fake DOGS token.

How LBank Executed the Scam
In a move that shocked the cryptocurrency community, LBank, a well-known Chinese exchange, listed a token under the name "DOGS" just days before the official DOGS token was scheduled to be listed on exchanges. What made this particularly disturbing was that LBank didn't merely make an innocent mistake. They actively promoted this fake token, pushing its price to $0.04, luring unsuspecting investors into what was essentially a trap.
The Fake DOGS Token Trading on LBank
LBank's actions did not go unnoticed. Shortly after the fake token began trading, the legitimate DOGS project team issued an urgent statement. They categorically denied any connection to the token being traded on LBank, labeling it a complete scam. The team emphasized that the official DOGS token had not yet been listed, making any trades on LBank fraudulent by default.
The Impact on Investors
The repercussions of LBank's deceitful actions were severe. Many investors, trusting LBank as a reputable platform, rushed to purchase the token, only to find out later that they had been duped. This event highlights the dangers of trusting even well-known exchanges without conducting thorough research.
Lessons for the Crypto Community
This incident with LBank serves as a stark reminder that the cryptocurrency market, while full of opportunities, is also rife with risks—sometimes even from the platforms that are supposed to safeguard your investments.
Verify Before You Invest
Before investing in any cryptocurrency, ensure that the token is officially listed and verified by the project team. Blind trust in an exchange's listing can lead to significant financial losses.
Choose Your Exchanges Wisely
While LBank's actions are a cautionary tale, it's crucial to remember that not all exchanges operate with such malice. Stick to well-established, highly-regarded exchanges that have a transparent track record.
Be Wary of Unofficial Listings
If you see a token being traded before its official release date, it’s a red flag. This is often a sign of fraudulent activity designed to prey on eager investors.
The Future of DOGS Token
Despite LBank's attempt to deceive investors, the official DOGS token is still on track for its legitimate launch. According to the development team's latest announcement, the timeline for claiming DOGS tokens and their listing on exchanges is as follows:
- Claim to exchanges and Telegram Wallet will remain open until 4 pm UTC on 23rd August
- Claim to non-custodial wallets will be available from 8 am UTC on 26th August
- TGE and listing will take place at 12 pm UTC on 26th August
This official launch will mark a new beginning for the DOGS project, offering legitimate investment opportunities. Until then, any DOGS trading is likely a scam, as evidenced by the LBank debacle.
Conclusion: A Warning to All Investors
LBank’s deliberate involvement in the fake DOGS token scam is a chilling reminder that even large exchanges can be complicit in fraudulent schemes. Investors must remain vigilant, conducting thorough research and questioning the legitimacy of token listings—even on seemingly reputable platforms.
The cryptocurrency market is full of potential, but it is also fraught with risks. Protect your investments by staying informed, being cautious, and never taking an exchange’s actions at face value.

#BinanceLaunchpoolDOGS $TON $NOT #dogsday #airdrop $BTC #LBANK

Peer-to-peer (P2P) transactions are growing in popularity due to their convenience and ability to cut out the middleman. Whether you’re trading cryptocurrency, using an online marketplace, or a traditional platform, there are inherent risks involved in P2P transactions. Unfortunately, scammers often target individuals on P2P exchanges, looking to exploit vulnerabilities. Here are some of the most common P2P scams and how to avoid them so you don’t end up losing out.
1. Fake Payment Confirmation