Binance introduces Dogs on its platform. Set for trading on August 26, this marks its debut as the 57th project in the launchpool. The move aims to bolster community traction for the Ton-based meme coin.
Binance to List New Dogs Token
Binance has officially announced the listing of Dogs, with trading pairs starting with USDT, BNB, FDUSD, and TRY. The exchange aims to begin trading at 12:00 UTC on August 26th. This launch makes Binance the leading platform for trading the Dogs token.
Staking and farming of Dogs will begin on August 23. The pools will be available for staking with BNB and FDUSD and will have different rewards. The first round of staking will last three days to encourage early adoption.
The total supply of tokens is 550 billion DOGS, and 4% will go to launch pool rewards. According to Binance, 85% of the rewards would be from BNB staking, while the other 15% would be from FDUSD staking. This structure intends to give a significant portion of the rewards to the first supporters.
Binance Sets Airdrop Snapshots Hourly
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Binance has recently revealed its support for an upcoming Dogs airdrop. However, users from the United States of America, the United Kingdom, and Canada will not participate in the airdrop. This decision complies with the legal framework and the organization’s policy on compliance.
The snapshot’s airdrop procedures will take user balances every hour. This method works with average holdings to determine rewards. Users can redeem rewards to their spot accounts anytime, providing greater freedom.
The exchange also informs users about the fake claims of the token’s pre-listing sales. This underlines the significance of conducting a detailed analysis to protect one’s investments. The official offer date is still set for August 26th, and any sales made before this date are considered false.
Stay Rational in New Token Transactions
Following the listing, Binance stresses the need to be cautious and make rational trading decisions. The platform encourages users to check the information and not engage with unofficial sales channels. This caution aims to protect against losses and maintain a safe trading environment.
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”Customers should ensure their money is safe,” a Binance representative said. The platform guarantees openness and assistance while trading and staking digital assets. This guidance promotes a secure environment for trading the new token.
