Introducing Dogs (DOGS) on Binance Launchpool! Farm DOGS by Staking BNB and FDUSD

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 pool

  • 4,583,333.33 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

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, Singapore, 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.

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