The Binance "Dogs" token (DOGS) is a new meme coin project launched as the 57th entry on Binance’s Launchpool. This token is based on the TON (Telegram Open Network) blockchain, aiming to attract the meme coin community and capitalize on the popularity of similar projects.

Here's a summary of the key details:

1. **Launch and Trading**: The DOGS token will be available for trading on Binance starting August 26, 2024, with trading pairs including USDT, BNB, FDUSD, and TRY.

2. **Staking and Rewards**: Staking for DOGS began on August 23, 2024. Users can stake BNB and FDUSD to earn rewards, with 85% of the rewards allocated to BNB stakers and 15% to FDUSD stakers. The total supply of DOGS is 550 billion tokens, and 4% of this will be distributed as Launchpool rewards.

3. **Airdrop**: Binance is also conducting an airdrop for DOGS, though it excludes residents from countries like the United States, the United Kingdom, and Canada due to regulatory reasons. The airdrop works by taking snapshots of user balances hourly, allowing users to accumulate rewards over time.

4. **Caution Against Scams**: Binance has warned users to be cautious of fake pre-listing sales and emphasized making informed decisions when trading the new token.