A quick overview of Binance's latest Launchpool project DOGS
DOGS is a meme coin designed to embody the spirit and culture of the Telegram community.整理：金色财经
On August 21, 2024, Binance announced that the 57th project of Binance's new coin mining, Dogs (DOGS), is now live. The webpage is expected to go live within 24 hours before the new coin pool starts. Users will be able to stake their BNB and FDUSD into separate pools to mine DOGS tokens over three days, starting from August 23 at 00:00 (UTC). Binance will list DOGS on August 26 at 12:00 (UTC) and open trading pairs DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY. Seed tags 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 maximum token supply)
Mining Period: From August 23, 2024, 08:00 (UTC+8) to August 26, 2024, 07:59 (UTC+8)
Introduction to DOGS (DOGS)
DOGS (DOGS) is a meme coin designed to embody the spirit and culture of the Telegram community. DOGS has a unique backstory that sets it apart. The coin is inspired by Spotty, the unofficial mascot of VK (a Russian social media site), created by Pavel Durov during a charity auction. Spotty quickly became a beloved symbol, and now, DOGS aims to bring this tradition into the cryptocurrency world.
Spotty's journey began when VK's founder, Pavel Durov, painted this iconic dog at a charity auction to support orphanages. Spotty is not just a painting; it has become a symbol of care and charity, with 100% of the sales from Spotty-themed merchandise going to help orphanages and children's homes. Over the years, Spotty's adventures have taken it from being one of the earliest sticker characters on VK to appearing at VK Fest and even going to space!
DOGS Tokenomics
DOGS has released its tokenomics in the Telegram community, with a total supply of 550,000,000,000 DOGS, of which:
- 81.5% belongs to the community (no lock-up): 73% belongs to Telegram OGs who earned DOGS in the app; the remainder is used to reward traders, creators, and future community members;
- 10% is allocated to the team and future development;
- 8.5% is reserved for liquidity on CEX and DEX and listing-related activities.
How DOGS (DOGS) Works
Join the DOGS Community
Getting started with DOGS is simple and fun. Here’s a step-by-step guide to joining the DOGS community and earning tokens:
- Join the Dogs Bot: Join the Dogs Bot on Telegram.
- Start the Bot: After joining, click the "Start" button. The bot will guide you through the entire process.
- Check Your Telegram Usage: The bot will ask you to verify how long you have been using Telegram. The longer you have been using it, the more DOGS tokens you will receive.
- Get Your DOGS Tokens: After verifying your usage, the bot will reward you with DOGS tokens based on your Telegram activity.
- Share with Friends: Tell your friends about the Dogs Bot. The more people who join, the stronger the community becomes, which may increase the value of DOGS tokens.
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 users' Telegram activity. Here are some ways you can earn DOGS tokens:
- Your Telegram Account Age: The older your Telegram account, the more DOGS tokens you may receive. This rewards long-term users of the platform.
- Telegram Premium Subscription: Users with a Telegram Premium subscription receive additional benefits and more tokens. This encourages more people to subscribe to Telegram Premium, enhancing their overall Telegram experience.
- OG Status: OG (Original Gangster) status means you are a long-term active Telegram user. This status allows you to earn more DOGS tokens as a recognition of your loyalty and activity on the platform.
Latest Updates on DOGS
Announcing Extension of Airdrop Claim Deadline
The official meme project DOGS has stated that over 8 million verified users have requested to have their DOGS directly deposited into trading platforms and Telegram wallets. DOGS has decided to adjust the TGE date again, with the updated schedule as follows:
- The deadline for claiming to trading platforms and Telegram wallets will be extended to August 23 at 24:00 (Beijing Time);
- The service for claiming to non-custodial wallets will be available from August 26 at 16:00 (Beijing Time);
- TGE and listing will take place on August 26 at 20:00 (Beijing Time).
DOGS Listed on Multiple Exchanges
- Bitget opened DOGS/USDT trading on August 20 at 20:00 (UTC+8);
- OKX will open DOGS/USDT spot trading from August 23, 19:00 to 20:00 (UTC+8);
- Binance will list DOGS on August 26 at 12:00 (UTC) and open trading pairs DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY;
- Gate.io will start trading DOGS (DOGS) on August 26 at 20:00 (UTC+8).
