Understanding Binance’s latest Launchpool project Dogs (DOGS)

On August 21, 2024, Binance announced that the 57th project Dogs (DOGS) is now available for Binance new coin mining. The webpage is expected to be launched within 24 hours before the launch of the new coin pool. Users will be able to stake their BNB and FDUSD in a separate pool to mine DOGS tokens within three days, starting at 00:00 (UTC) on August 23. Binance will list DOGS at 12:00 (UTC) on August 26, and open DOGS/USDT, DOGS/BNB, DOGS/FDUSD and DOGS/TRY trading pairs. The seed tag will be applied to DOGS.

Launchpool Details

• Token name: Dogs (DOGS)

• Maximum Token Supply: 550,000,000,000 DOGS

• Initial circulation: 516,750,000,000 DOGS (93.95% of total token supply)

• Total Mining Amount: 22,000,000,000 DOGS (4% of the maximum token supply)

• Mining time: 08:00 on August 23, 2024 to 07:59 on August 26, 2024, GMT+8

Introduction to DOGS

DOGS (DOGS) is a meme coin that aims to capture the spirit and culture of the Telegram community. DOGS has a unique backstory that makes it stand out. The coin was inspired by Spotty, the unofficial mascot of VK (a Russian online social media site), created by Pavel Durov at a charity auction. Spotty quickly became a beloved symbol, and now DOGS aims to bring this tradition to the world of cryptocurrency.

Spotty's journey began when VK's founder, Pavel Durov, drew the iconic dog for a charity auction in support of an orphanage. Spotty became more than just a drawing; he became a symbol of caring and charity, with 100% of sales from Spotty-themed gifts going to help orphanages and children's homes. Over the years, Spotty's adventures have taken him from being one of the first sticker characters on VK, to appearing on VK Fest, and even into space!

DOGS Token Economics

DOGS released the token economics in the Telegram community. The total supply of DOGS is 550,000,000,000, including:

1. 81.5% belongs to the community (no lockup): - 73% belongs to Telegram OGs, who earn DOGS in the application; - The rest is used to reward traders, creators and future community members;

2. 10% is allocated to the team and future development;

3. 8.5% is reserved for CEX and DEX liquidity and listing-related activities.

How DOGS (DOGS) works

Join the DOGS community

Getting started with DOGS is easy and fun. Here is a step-by-step guide to join the DOGS community and earn tokens:

1. Join Dogs Bot: Join Dogs Bot on Telegram.

2. Start the robot: Once you have joined, click the "Start" button. The robot will guide you through the process.

3. Check your Telegram usage: The bot will ask you to verify how long you have been using Telegram. The longer you use it, the more DOGS tokens you will receive.

4. Get your DOGS tokens: After verifying your usage, the bot will reward you with DOGS tokens based on your Telegram activity.

5. Share with friends: Tell your friends about Dogs Bot. The more people who join, the stronger the community becomes, which may increase the value of the DOGS token.

DOGS Distribution Method

One of the most exciting aspects of DOGS is its distribution method. Unlike traditional mining or purchasing, DOGS tokens are distributed based on the user's Telegram activity. Here are the ways you can get some DOGS tokens:

● Age of your Telegram account: The older your Telegram account is, the more DOGS tokens you may receive. This rewards long-term users of the platform.

● Telegram Premium Subscription: Users with Telegram Premium subscription will receive additional benefits and more tokens. This will encourage more people to subscribe to Telegram Premium, thereby enhancing their overall Telegram experience.

● OG Status: OG (Original Gangster) status means that you are a long-term active Telegram user. This status allows you to earn more DOGS tokens in recognition of your loyalty and activity on the platform.

DOGS latest news

Announcement of extension of airdrop claim period again

Meme project DOGS officially stated that more than 8 million certified users have requested to deposit their DOGS directly into trading platforms and Telegram wallets. DOGS decided to adjust the TGE date again, and the updated schedule is:

• The deadline for claiming to the trading platform and Telegram wallet will be extended to 24:00 on August 23, Beijing time;

• The service of claiming to non-custodial wallets will be available from 16:00 on August 26th (GMT+8);

• The TGE and listing will be held at 20:00 Beijing time on August 26.

DOGS is listed on multiple exchanges

• Bitget will open DOGS/USDT trading at 20:00 (UTC+8) on August 20;

• OKX will open DOGS/USDT spot trading from 19:00 to 20:00 (UTC+8) on August 23;

• Binance will list DOGS at 12:00 (UTC) on August 26, and open DOGS/USDT, DOGS/BNB, DOGS/FDUSD and DOGS/TRY trading pairs;

• Gate.io will start trading DOGS(DOGS) at 20:00 on August 26 (UTC+8).