Binance has announced the launch of the 57th project on Binance Launchpool, which is Dogs (DOGS), a TON-based meme coin launched on Telegram.
The DOGS token farming period will last for 3 days from 00:00 on August 23 to 12:00 on August 26 (UTC). During this period, users can stake BNB & FDUSD to farm DOGS tokens.
The total token supply of DOGS is 550,000,000,000 DOGS, with token rewards in Launchpool amounting to 22,000,000,000 DOGS (4% of total supply). The initial circulating supply upon listing on Binance will be 516,750,000,000 DOGS, which is approximately 93.95% of the total supply.
KYC is required for staking, and the hourly hard cap per user is 25,972,222.22 DOGS in the BNB pool and 4,583,333.33 DOGS in the FDUSD pool. The DOGS token farming website will be available in the next 24 hours, and the supported pools include stake BNB (with 85% rewards) and stake FDUSD (with 15% rewards).
Following the announcement of the 57th Binance Launchpool project, the BNB token price has increased by 2% in the past 4 hours and is currently trading around $574. The broader view shows that the BNB price has increased by over 10% in the past week, thanks to the effect of the 56th & 57th Launchpool projects. This event is expected to boost demand for BNB to farm tokens in the Launchpool program.
Before DOGS, TON (Toncoin) was the 56th Binance Launchpool project and also the first token available on Binance Super Earn, which offers a special APR for early staking users. Notably, both the latest Binance Launchpool projects are closely related to the TON blockchain.
It’s important to note that if users have staked their BNB in BNB Vault and Locked Products, they will automatically participate in the Launchpool and receive new token rewards. In the case of multiple Launchpool projects launching simultaneously, the user’s BNB assets in BNB Vault and Locked Products will be divided and allocated to each project at an equal ratio.
Additionally, users located in certain countries such as Australia, Canada, Cuba, and more will not be able to participate in the DOGS farming program.
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