Binance, one of the biggest names in crypto, is adding a new memecoin called DOGS to its platform. This coin is special because it’s based on the Telegram community, a popular messaging app.
DOGS: A Memecoin with a Bite
DOGS is built on the TON blockchain, and it’s designed to be fun and engaging. It features a cute dog mascot, originally drawn by Telegram’s founder, and aims to bring blockchain technology to millions of Telegram users.
The idea is to use tokenized stickers to create a community-driven ecosystem where everyone gets a fair share of the rewards.
What You Need to Know About DOGS
- Total Supply: 550 billion DOGS
- Circulating Supply: 516.75 billion DOGS (about 94% of the total)
- Binance Launchpool: DOGS will be available on the Launchpool starting August 23rd. Users can stake their coins to earn more.
- Trading: DOGS will be available for trading on Binance starting August 26th.
- Seed Tag: Binance will attach a “seed tag” to DOGS, indicating it’s a lower-liquidity project with higher volatility. This means users will need to pass quizzes every 90 days to prove they understand the risks before trading.
A Word of Caution
Remember, memecoins are known for their volatility. Before investing in DOGS or any other crypto, always do your own research and understand the risks involved.
