What is Binance-Peg Dogecoin?

Symbol: DOGE

Short answer

Binance-Peg Dogecoin (DOGE) is a cryptocurrency. It is classified as memecoin.

Source: isthiscoinascam.com

Overview

Binance-Peg Dogecoin is a wrapped and pegged token issued by Binance with a 1:1 ratio to the corresponding native Dogecoin. It is designed to mirror Dogecoin in value on the issued token, based on the stated peg.

The token also supports BEP20 token deposits and withdrawals via Binance.com, using BEP20 transfers as the interface for moving the wrapped asset to and from the Binance platform.

Headquarters: Binance is headquartered in the Cayman Islands.

Scam-risk analysis

Binance-Peg Dogecoin has a moderate score — some risk signals were raised but no critical concerns. Is Binance-Peg Dogecoin a scam?

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