Binance Exchange added Dogs ($DOGS) to the 57th launch pool project and announced four token trading pairs on August 26.
Binance Exchange has designated Dogs (DOGS) as the 57th initiative in its launch pool. The digital asset exchange will initially list the Ton-based meme coin within the Telegram community, with transactions anticipated to commence on August 26. The launch pool is praised for its ability to assist numerous initiatives in gaining community support.
DOGS is added to Binance Exchange Launchpool
Dogs have been incorporated into Binance Launchpool as the 57th project, and it will be the first platform to list the token. The exchange announced on August 20 that trading activities surrounding the token will commence on August 26 with four trading pairings. DOGS will be included in the USDT, BNB, FDUSD, and TRY trading pairs.
“IMPORTANT: The token mentioned in this document will be listed on Binance for the first time, with trading commencing at midnight. (UTC) on August 26, 2024.” False advertising asserts that this token is available before the specified deadline. Please conduct thorough research to guarantee the security of your funds.
Although the project is scheduled to commence on August 26, users may stake and cultivate Dogs as early as August 23. Over three days, users will have the opportunity to stake BNB and FDUSD in distinct pools. The asset’s total supply will be 550,000,000,000 DOGS, with 22,000,000,000 launch pool token rewards comprising 4% of the total supply. Rewards are earned by staking across BNB and FDUSD, with the exchange noting that the former will account for 85% and the latter 15%.
Airdrop to be implemented by the platform
The impending crypto airdrop was hinted at in the release, with Binance supporting the distribution of claims to eligible users. The airdrop distribution will not be open to users in the following countries: Canada, the United States, Cuba, Japan, Georgia, the Netherlands, Singapore, the United Kingdom, and the United Kingdom.
“To determine the hourly average balances of users and calculate user rewards, snapshots of user balances and total pool balances will be taken multiple times at any given point in time each hour.” User rewards will be updated on an hourly basis. Users will have the ability to accumulate their rewards, which are computed on an hourly basis, and claim them directly from their spot accounts at any time.
