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Binance announces support for a new dog-themed memecoin from Telegram Ecosystem

Published

1 year ago

August 23, 2024

High international crypto trade Binance is introducing help for a brand new memecoin created from the messaging platform Telegram neighborhood.

In a brand new announcement, Binance say it mentions Canine (DOGS), a memecoin on the layer-1 blockchain The Open Community (TON).

Binance will first record DOGS on August 23 on the Binance Launchpool, which permits customers to stake cash to develop new property. Binance then plans to record the asset for buying and selling on August 26.

Say Binance,

“DOGS is designed to leverage Telegram’s large consumer base and native meme tradition. Centered round a beloved canine mascot initially drawn by the founding father of Telegram, DOGS goals to introduce tens of millions of individuals to blockchain via its app and tokenized stickers, fostering a enjoyable and interesting ecosystem with an emphasis on neighborhood possession and honest distribution of rewards.

In line with Binance, the full provide of DOGS is 550,000,000,000, whereas the circulating provide shall be 516,750,000,000, roughly 94% of the full token provide.

Binance will connect a Seed tag to DOGS, which the trade will apply to tasks with decrease liquidity which will exhibit greater volatility in comparison with different listed tokens.

Binance requires customers who personal property with Seed tags to take quizzes each 90 days to make sure they’re conscious of the dangers earlier than buying and selling the tokens.

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