{"id":"binance-peg-dogecoin","title":"Binance-Peg Dogecoin","content":"**Binance-Peg Dogecoin** is a BEP-20 token on the BNB Smart Chain, issued by Binance to mirror the value of native Dogecoin (DOGE) on a 1:1 basis. These pegged tokens are backed by equivalent reserves held by Binance and must be deposited into a Binance account to be redeemed for the underlying asset. [\\[1\\]](#cite-id-GCsK26OwX1) [\\[2\\]](#cite-id-zQRLX0ZHst)\n\n## Overview\n\n[Binance](https://iq.wiki/wiki/binance)-Pegged Tokens function as a centralized bridge mechanism, allowing users to interact with assets that originate from different blockchain networks within the [Binance](https://iq.wiki/wiki/binance) environment. The core principle behind these tokens is that each [Binance](https://iq.wiki/wiki/binance)-Pegged Token is backed 1:1 by the underlying asset held in [Binance](https://iq.wiki/wiki/binance)'s reserves. This system enables cross-chain compatibility, where users can deposit native assets into a [Binance](https://iq.wiki/wiki/binance) account and receive an equivalent amount of [Binance](https://iq.wiki/wiki/binance)-Pegged Tokens, which can then be utilized on compatible chains, primarily the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain). To redeem the underlying native asset, users must deposit the [Binance](https://iq.wiki/wiki/binance)-Pegged Token back into a [Binance](https://iq.wiki/wiki/binance) account [\\[1\\]](#cite-id-GCsK26OwX1)\n\n## Tokenomics\n\nThe token facilitates easier integration of [DOGE](https://iq.wiki/wiki/dogecoin) into the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem, enabling use in [DeFi](https://iq.wiki/wiki/defi) applications while maintaining parity with native [Dogecoin](https://iq.wiki/wiki/dogecoin). As of now, Binance-Peg Dogecoin has a maximum supply of approximately 2.56 billion DOGE, with over 2.11 billion in circulation. It is held by more than 960,000 addresses and has processed over 42 million transfers.\n\nTrading activity primarily occurs on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) such as [PancakeSwap](https://iq.wiki/wiki/pancakeswap) V3 (BSC), where DOGE/BTCB is one of the most active pairs. The token's on-chain market cap stands at over $608 million, with a current price of $0.2373.  [\\[3\\]](#cite-id-fB0WAMKp7p) [\\[2\\]](#cite-id-zQRLX0ZHst)\n\n## Chains\n\n* [Ethereum](https://iq.wiki/wiki/ethereum)\n* [Bitcoin](https://iq.wiki/wiki/bitcoin)\n* [Polkadot](https://iq.wiki/wiki/polkadot) Relay Chain\n* [Avalanche](https://iq.wiki/wiki/avalanche)\n* [Cosmos](https://iq.wiki/wiki/cosmos) Hub\n* [Solana](https://iq.wiki/wiki/solana)\n* [NEAR Protocol](https://iq.wiki/wiki/near-protocol)\n* [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) [\\[1\\]](#cite-id-GCsK26OwX1)","summary":"Binance-Peg refers to assets issued by Binance, representing underlying assets held in their reserves. These tokens require deposit into a Binance account for redemption and facilitate value flow across various blockchains.","images":[{"id":"QmdjMUj8w4Pi21sdjqgAny8zu1F9QSuP3Fc81Dws2SxSC9","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Blockchains"},{"id":"BinanceSmartChain"},{"id":"Ethereum"},{"id":"Solana"}],"media":[{"id":"QmPeSoBpBxP6vhrR8Lb7MBDmcJx72AQy7FRV7sLsmyWXuF","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmPY4VJLLZ2QBv7Q54vefLpJFTQLiCKmeBrRdiasyqcET4","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmVrk3pN1TLVU62n6TJPJLowd89PiemeSxMUtphcn6eZnN","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmZq6GrxLbMUdfo43vmT9iqTePXoDy542RVCxHAJDaeD6e","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmZKXNWRGnUsU6VoAGkbowxH5wrwy9x5p4yW7v5uhVY6Xy","type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[{\"id\":\"GCsK26OwX1\",\"url\":\"https://cryptoflows.info/bridges/binance-peg\",\"description\":\"Binance-Peg bridge information\",\"timestamp\":1753568114746},{\"id\":\"zQRLX0ZHst\",\"description\":\"CoinGecko: Binance-Peg Dogecoin\",\"timestamp\":1753568468518,\"url\":\"https://www.coingecko.com/en/coins/binance-peg-dogecoin\"},{\"id\":\"fB0WAMKp7p\",\"description\":\"BSC Scan: Biance-Peg Dogecoin\",\"timestamp\":1753568497946,\"url\":\"https://bscscan.com/token/0xba2ae424d960c26247dd6c32edc70b295c744c43\"}]"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/binance-peg-dogecoin"},{"id":"reddit_profile","value":"https://www.reddit.com/r/dogecoin/"},{"id":"twitter_profile","value":"https://x.com/dogecoin"},{"id":"website","value":"https://dogecoin.com/"},{"id":"contract_url","value":"https://bscscan.com/token/0xba2ae424d960c26247dd6c32edc70b295c744c43"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/Qma5hHuG3ZNqpfBxbHT8fDoLYU45cgr5uQX96N7tVNqyz7\""},{"id":"commit-message","value":"\"Populate events array with the first recorded event: 'Token Launched' in May 2021.\""},{"id":"previous_cid","value":"Qma5hHuG3ZNqpfBxbHT8fDoLYU45cgr5uQX96N7tVNqyz7"}],"events":[{"id":"696b9e73-80d5-4b4d-b821-7f5c48fdd055","date":"2021-05","title":"Token Launched","type":"CREATED","description":"Token Launched","link":"","multiDateStart":null,"multiDateEnd":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","bitcoin","polkadot","avalanche","cosmos","solana","near-protocol"],"founders":["anon"],"speakers":[]}}