Binance Completes Registration With India’s FIU as Poodlana’s presale hits $7.7m

Key takeaways

• Crypto exchange Binance has completed its registration with India’s Financial Intelligence Unit.
• Poodlana’s presale has surpassed $7.7 million as presale approaches its end. 

Binance now registered with India’s FIU

Binance, the leading cryptocurrency exchange by daily trading volume, has completed registration with India’s Financial Intelligence Unit (FIU-IND). This latest development comes months after it was fined $2.2 million for providing services in the country without authorisation.

Thanks to this registration, Binance is now registered in 19 countries globally. With this registration, Binance’s website and app are fully available to users in India. 

What is Poodlana?

The crypto market continues to be choppy as Bitcoin is trading below $60k. Despite the choppy market conditions, investors continue to push funds into new and promising projects. 

Poodlana is one of the projects that is attracting investors. It is a Solana-based meme coin focused on introducing the glamor of high fashion to the crypto world. According to the development, Poodlana could become the leading dog-themed meme coin on the planet as it focuses on promoting the ethos of community-driven growth to reach its goal. 

Poodlana is a popular dog breed breed in Japan, Korea, and China. The development team will leverage this popularity and the love of meme coins to build a strong community for this project.

Poodlana’s presale surpasses $7.7m

The Poodlana presale will end in less than 20 hours, with listing on exchanges expected to happen right after the presale. The project has raised more than $7.7 million so far as more investors troop into the project. 

In this last stage, the POODL token goes for $0.0539. Investors can purchase this token using SOL, BNB, ETH, USDT, USDC, and Fiat/card payment options.

Per the team, Poodlana will not have a lock-up period for their tokens. The POODL presale will end in a few hours and the listing on exchanges will take place immediately after. 

Read more about the Poodlana presale here. 

Poodlana allocates 50% of the total supply to presale

Poodlana has adopted a simple tokenomics model as it seeks total transparency in its operations. According to tokenomics, Poodlana will have 1  billion POODL tokens, with 50% going presale. 

The remaining 50% will be divided among marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%). 

The Poodlana team assured investors that 100% of tokens will be unlocked on day one, with no lock-ups or vesting periods. Once the presale concludes, the unsold tokens would be burned after the presale, ensuring the deflation of the token. 

Should you buy Poodlana tokens now?

The Poodlana presale is ending in a few hours and this is the last opportunity for investors to purchase the tokens. Meme coins have become a crucial part of the cryptocurrency ecosystem, with several of them having a market cap of $1 billion and above. 

Poodlana could become one of the leading dog-themed meme coins in the crypto ecosystem. The team is leveraging the popularity of the Poodlana dog breed and is building a community that could see it reach the status of Dogecoin and Shiba Inu.