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Meme Coin DOGS Is Now Gaining Attention In The Community With Its Binance Listing

Key Points:

Binance has listed the meme coin DOGS on its Launchpool, allowing investors to stake BNB and FDUSD to earn rewards.
DOGS has gained traction with over 53 million users since its launch, largely due to its community-focused strategy.
The coin attracted significant interest before its listing, with Bitget reporting over $4 million in USDT trading volume.

The largest cryptocurrency by market capitalization, Binance has announced the listing of the meme coin DOGS on its Launchpool platform, making it the 57th project to feature.

Binance Launches Meme Coin DOGS on Launchpool

The Launchpool reward comprises 22 billion tokens, accounting for 4% of DOGS’ total supply of 550 billion tokens. This allows investors to stake Binance Coin and FDUSD to earn a portion of the DOGS token supply.

The DOGS meme coin became very popular on the Telegram network because of the reward system that links users’ rewards according to participation. Its thematic closeness to Dogecoin will undoubtedly attract interest from crypto enthusiasts.

Staking for DOGS started on August 23, with earnings distributions slated for August 26. The listing supply on Binance is 516.75 billion tokens.

DOGS Witnesses Surge in Interest Following Announcement of Binance Listing

The meme coin DOGS has created a significant stir long before listing. According to Bitget, the DOGS recorded over $4 million in USDT trading volume. The community-driven approach of meme coin DOGS has taken the prime reason behind fast-paced adoption, giving 81.5 percent of the token supply back to users.

From its launch last month, the project received over 53 million users; above 42 million of them are eligible for airdrop processes. With the deadline for airdrop claims fast approaching on August 21, it seems the community behind DOGS is in high gear. Verified users have been submitting requests via supported exchanges and wallet app on Telegram.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.