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- DOGS token farming starts August 23, 2024, with trading set to begin on Binance on August 26, 2024.
- Users can stake BNB or FDUSD to farm DOGS, with a reward allocation of 22 billion DOGS, representing 4% of the total supply.
- Certain regions, including the U.S., Japan, and Canada, are excluded from participating in DOGS farming and airdrop distribution.
Binance is preparing to launch its 57th project on Launchpool, introducing the DOGS token. Scheduled for listing on August 26, 2024, the new token will be available for trading across several pairs, including DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY.
Notably, the DOGS token, a Ton memecoin originating from the Telegram community, offers users the opportunity to farm it by staking BNB and FDUSD through separate pools.
Farming Mechanics and Token Distribution
Farming will commence on August 23, 2024, at 00:00 UTC, and users can stake BNB or FDUSD in separate pools to earn DOGS over three days. Binance has outlined specific staking terms, including a KYC requirement, while setting hourly hard caps of 25,972,222.22 DOGS for the BNB pool and 4,583,333.33 DOGS for the FDUSD pool.
The total reward allocation for farming is 22 billion DOGS, representing 4% of the token’s total supply of 550 billion DOGS. When listed, DOGS will have an initial circulating supply of 516.75 billion tokens, accounting for approximately 93.95% of the overall supply.
Participation Guidelines and Regional Restrictions
To participate in farming, users need to complete account verification and meet specific eligibility criteria based on their country of residence. Binance has identified several countries and regions excluded from participating in the farming and airdrop distribution.
Notably, users from countries such as Australia, Canada, Japan, and the United States will not be able to farm DOGS. Similarly, Binance users residing in territories like Cuba, North Korea, and Syria are also restricted from participation.
Airdrop Claims and Ongoing Updates
Eligible users who choose to deposit their DOGS airdrop to their Binance account will be able to claim their rewards through the DOGS airdrop claim page.
Furthermore, Binance will continue supporting its flexible and locked BNB products for the Launchpool, ensuring users who have staked their BNB will automatically participate in DOGS farming.