DOGS on the Binance Launchpool: getting tokens for staking BNB or FDUSD
A mini-app on Telegram that essentially offers scoring of user accounts with subsequent rewards has been announced as the 57th member of the Binance Launchpool. A detailed overview of the project can be found in the material from the Incrypted team.
Dogs became a member of the Binance Launchpool just two months after the launch of the mini-app. Thus, users have the opportunity to claim a share of tokens before the listing. The total supply is 550 billion DOGS. The launchpool is allocated 4%, and 93.95% for the initial circulation.
In this article, we will take a closer look at the launchpool and show you how to register for participation.
More about the Dogs on the Binance Launchpool
After the launch of the launchpool, you need to stake BNB and/or FDUSD to claim a share of the DOGS token distribution. During the period of balance snapshots, the users’ balance and the total pool balance are recorded every hour to calculate rewards.
The maximum amount that can be distributed in one day is 7,333,333,333 DOGS (6,233,333,333 for BNB and 1.1 billion for the FDUSD pool). Thus, as the number of users increases, the reward decreases. Therefore, to maximize the reward, you need to join the farming at the very beginning, when there are fewer stakers.
A total of 22 billion DOGS will be distributed among the participants of the Dogs launchpool :
- BNB stake: DOGS 18.7 billion (85%);
- FDUSD rate: 3.3 billion DOGS (15%).
If you don’t have a Binance account, you can register for one by following this link.
Important: the token is scheduled to be listed on August 26, 2024 at 12:00 (UTC).
How to participate in the Launchpool
Important: the opportunity to join the farm will open on August 23, 2024 at 00:00 (UTC). The farming period is 3 days.
Note: screenshots are used from the previous campaign for illustration purposes.
- Follow the link and select Dogs. Click Lock in the desired pool:
- Enter the amount you want to place in the pool and click Stake.
- Wait for the distribution to complete. The tokens will be automatically transferred to the participants’ spot account.
Conclusion
The number of DOGS you receive depends on your contributions to staking pools and the locking period. To increase the reward, you need to join the farming at the very beginning. Take into account all the risks if you decide to buy BNB specifically for this campaign. For users who have previously owned a native BSC token, participation will only cost a liquidity lock for the duration of the campaign.
Highlights:
- staking until August 26, 23:59 (UTC);
- farming period – 3 days.
If you have any questions while completing the activity, you can ask them in our X.
All information is provided for informational purposes only and should not be used as a basis for making investment decisions, nor should it be considered as a recommendation or advice to participate in investment transactions. Do Your Own Research.
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