Farm DOGS Tokens by Staking BNB and FDUSD on Binance Launchpool

Binance is excited to introduce the DOGS token, the 57th project on Binance Launchpool. DOGS is a TON memecoin born within the Telegram community. Starting soon, users will have the opportunity to farm DOGS by staking BNB and FDUSD into separate pools.

Staking for DOGS

Beginning on August 23, 2024, at 00:00 (UTC), users will have the opportunity to stake BNB and FDUSD in designated pools to earn DOGS tokens. This farming event will span three days, concluding on August 25, 2024, at 23:59 (UTC). The total rewards available amount to 22 billion DOGS, which is 4% of the entire 550 billion DOGS token supply

DOGS will be officially listed on Binance on August 26, 2024, at 12:00 (UTC). Trading pairs available at launch will include DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY. With a Seed Tag applied to the token, DOGS will debut with an initial circulating supply of approximately 516.75 billion tokens, equating to about 93.95% of the total token supply.

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Users participating in the farming event will benefit from hourly updates on their rewards. The BNB pool offers 18.7 billion DOGS in rewards, while the FDUSD pool provides 3.3 billion DOGS. This staking process will be straightforward, with users able to unstake their assets anytime without delay and shift their funds to other available pools if they choose.

Important Considerations for Participation

To participate in the DOGS farming event, users must complete KYC verification and be located in an eligible jurisdiction. Unfortunately, users from countries such as Canada, Cuba, Iran, Japan, and the United States, among others, will not be able to participate in this event. Binance will ensure that all staking terms are clear, with hourly hard caps per user set at 25.97 million DOGS in the BNB pool and 4.58 million DOGS in the FDUSD pool.

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After the farming period ends, all staked tokens and any unclaimed rewards will be automatically transferred to users' spot accounts. This process ensures that users can easily manage their assets without needing to perform any additional actions. Binance will also update the annual percentage yield (APY) and total pool balances in real-time, providing transparency throughout the farming period.

Binance BNB Simple Earn Flexible and Locked Products will support DOGS farming. Users who have staked their BNB in these products will automatically participate in the Launchpool, earning additional DOGS rewards. If multiple Launchpool projects are active simultaneously, users' BNB assets will be divided equally among the projects unless stated otherwise.

Binance reminds users to stay vigilant and conduct their research before participating. DOGS tokens will only be available for trade starting on August 26, 2024, at 12:00 (UTC). Any claims to offer this token before the stated timeline are false and should be avoided to protect your funds.