DOGS Meme Coin Emerges With Pre-Market Trading Volumes Exceeding $4M, Set to Launch on Binance's Launchpool on August 23

Cats and frogs and politics based meme tokens had their enough share in the meme ecosystem. Now a new memecoin has emerged in the crypto world.

A new memecoin, called DOGS, has emerged in the crypto world and is attracting attention with pre-market trading volumes already exceeding $4 million. The memecoin is set to launch on Binance’s Launchpool on August 23.

DOGS is a community-focused memecoin with a total supply of 550 billion tokens, out of which 81.5% is allocated for users. The project has announced airdrops for 42 million users who signed up for the airdrop campaign.

To be eligible for the airdrop, users need to complete the airdrop claim process by August 21. Those claiming the airdrop for non-custodial wallets need to complete the claim process by 8 am UTC on August 23.

Binance will be the first exchange to list the DOGS token, and trading will start on August 26, 2024, at 12:00 (UTC). The Binance Launchpool will offer 22 billion DOGS tokens as staking rewards, which is 4% of the total supply.

Users can stake their BNB coin or FDUSD to earn DOGS tokens. The annualized staking yield for BNB is 200%, while that for FDUSD is 100%. The staking period is 30 days, and users can unstake their assets at any time.

The community is excited about the Binance launch, and some are speculating that it could help push DOGS to a $550 million market cap. However, it remains to be seen whether the hype will be justified and how the token will perform after its official launch.

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