Binance Lists DOGS: A Memecoin from the Telegram Community

Binance has officially re-entered the $300 billion Indian crypto market after overcoming months of regulatory hurdles.

Binance has finally received formal registration from India’s Financial Intelligence Unit (FIU-IND), officially marking its re-entry into the $300 billion Indian crypto market.

This development comes after months of regulatory hurdles for the exchange, which led to a seven-month operational ban in India due to compliance issues.

In addition to this milestone, Binance is also excited to announce the listing of Dogs (DOGS) on its platform.

DOGS, a memecoin from the Telegram community, will be introduced as the 57th project on Binance Launchpool, with farming set to start on August 23, 2024.

Here's an all-round explainer on how to begin trading with DOGS if you're new to Binance.

Binance Lists DOGS: What You Should Know

Users can farm DOGS by staking BNB and FDUSD in separate pools. Out of the total 550 billion DOGS tokens, 22 billion are allocated for Launchpool rewards—85% from the BNB pool and 15% from the FDUSD pool.

Users can earn up to 25,972,222.22 DOGS per hour from the BNB pool and up to 4,583,333.33 DOGS per hour from the FDUSD pool, with rewards updated hourly.

DOGS will be officially listed on Binance on August 26, 2024, at 12:00 (UTC), with trading pairs including DOGS/USDT.

How to Trade DOGS on Binance

Step 1: Install and Set Up Trust Wallet

Download Trust Wallet from Google Play, the iOS App Store, or as a Chrome extension from the official website.

Set it up by following the instructions, and be sure to securely save your seed phrase and note your wallet address.

Step 2: Buy BNB on Binance and Transfer to Trust Wallet

Log in to Binance, purchase BNB (Binance Coin), and then navigate to the “Withdraw” section.

Choose the BNB Chain network, input your Trust Wallet address, and specify the amount to transfer.

Confirm the transaction and wait for the BNB to arrive in your Trust Wallet

Step 3: Trade BNB for DOGS on a Decentralized Exchange (DEX)

Access a DEX like PancakeSwap.

Connect your Trust Wallet to the DEX using your wallet address.

Select BNB as the payment currency and DOGS as the token you want to buy.

Step 4: Locate DOGS Smart Contract if Necessary

If DOGS is not listed, go to BscScan to find the DOGS token’s smart contract address.

Copy this address and paste it into PancakeSwap to find DOGS.

Step 5: Execute the Swap

Click the “Swap” button to exchange your BNB for DOGS tokens.

After the transaction processes, DOGS will be in your Trust Wallet.

And yes! You’ve successfully bought DOGS tokens using Binance and Trust Wallet.

Conclusion

Binance's re-entry into the Indian market and the introduction of DOGS on Launchpool have been met with great enthusiasm from the crypto community.

Users are eagerly anticipating the opportunity to farm DOGS by staking BNB and FDUSD, with significant rewards available in the BNB pool.

This move not only signifies Binance’s commitment to regulatory compliance but also highlights its strategic role in India’s dynamic crypto landscape.