After the success of the previous Launchpool, Binance has just announced $TON as the 56th project on Binance Launchpool. For those of you who want to get free TON tokens and profit from APR up to 300%, read this article until the end! #BinanceLaunchpoolTON
What is TON?
TON (The Open Network) is an open-source layer 1 blockchain designed to be fast, scalable, and secure. Originally developed by Telegram, TON now operates under the management of a larger and more diverse community.
Toncoin, the native coin of TON, is used for various activities within the TON network, including transaction fees, staking, and as a medium of exchange in the dApps ecosystem. The Open Network offers a flexible multi-blockchain architecture, ensuring compatibility with a variety of decentralized applications (dApps). TON is also more energy efficient than other proof-of-work (PoW) crypto assets such as Bitcoin (BTC).
How Does TON Work?
Toncoin's working principle focuses on speed and scalability, with some key features as follows:
Blockchainand Structure:TON uses technologyblockchaindecentralized. It has a multi-blockchainthe unique one called "sharding". Shardingallownetworkto increase transaction capacity and speed by dividingdatabaseinto smaller parts that can be processed in parallel.
Smart Contracts: Like Ethereum, TON supportssmart contracts which allow developerto build decentralized applications (dApps) that can run automatically on top ofblockchain.
3. Proof-of-Stake Consensus: TON uses the Proof-of-Stake (PoS) consensus mechanism. In PoS, validators who have a large amount of Toncoin will be selected to validate transactions. This system is more energy efficient compared to Proof-of-Work used by Bitcoin.
4. Transactions and Speed: TON is designed to handle millions of transactions per second thanks to its sharding structure and consensus algorithm. This is crucial to achieving the scalability required for mainstream applications such as money transfers or payment systems.
5. TON Storage: This service enables decentralized storage that allows users to store files and other data securely on the blockchain. This feature leverages blockchain to secure data and make it available globally.
6. TON DNS: DNS service allows users to access smart contracts and dApps using names that are easy for laypeople to read.
7 TON Proxy: An anonymity layer that adds privacy to transactions and services on TON, similar to how a VPN works on the internet.
The Ever-Growing TON Ecosystem
The TON ecosystem continues to grow rapidly, attracting many developers and users who are enthusiastic about developing innovative dApps. Currently, the most popular game in the TON ecosystem is Hamster Kombat. With a tap to earn concept, this game has managed to attract more than 300 million people and 50 million daily players. In addition to Hamster Kombat, games such as Notcoin and Yescoin also contribute to the success of the TON gaming ecosystem. This success proves that TON is a very suitable platform for the development of games and other blockchain-based applications.
Backed by Telegram’s large user base, TON occupies a strategic position in the crypto ecosystem. The platform offers the perfect infrastructure for token distribution and adoption on a large scale.
Get Free TON!
Toncoin as the 56th project on Binance Launchpool
How to get free TON tokens? It's very easy, you just stake BNB or FDUSD in the binance launchpool feature. There are 7.65 million TON tokens that will be distributed via binance Launchpool for 20 days, starting from August 15, 2024 to September 3, 2024. With 85% rewards (6,502,500 million TON) for those who stake BNB and 15% (1,147,500 million TON) for those who stake FDUSD.
Step by Step Binance Launchpool:
Sign in to Binance: Open the Binance app or website and log in to your Binance account.
Launchpad Access: Open the “Launchpad” menu on your platform.
Select Project: Search and select the project "$TON"
Select Pool: You will have two options:
Pool BNB
Pool FDUSD
Choose the one that suits your preference.
*Farming Period: 15-08-2024 00:00 (UTC) to 03-09-2024 23:59 (UTC).
Binance Launches “Super Earn” Feature with Rewards up to 300%
In addition to Launchpool, Binance also launched an innovative product "Super Earn", designed to increase users' earning potential with newly listed tokens such as TON. Through Super Earn, users can lock their TON tokens in Simple Earn Locked Products to get a special Annual Percentage Rate (APR) bonus.
Step by Step Binance Super Earn:
Login to Binance: Open the Binance app or website and log in to your Binance account.
Access the Simple Earn Menu: On the Binance dashboard, find and click the “Simple Earn” menu.
Search for TON Products: In the Simple Earn menu, use the search feature to find TON tokens.
Select Products with the “Special Offer” tag: Look for Super Earn products that have the “Special Offer” tag.
Select Duration: Determine the duration for locking TON tokens.
Subscribe andLock TON: After selectingtimeframe, proceed with subscribe and lockTON tokens that you have. This will give you the opportunity toearn rewardswith APR up to 300%.
*Super Earn period starts from 16 August 2024 06:00 (UTC) to 22-08-2024 23:40 (UTC)
Binance Super Earn adopts a first-come, first-served system, with a minimum staking limit of 1 TON and a maximum of 50 TON. It is important to note that once the subscription quota is met, users will no longer have the opportunity to stake.
After the Launchpool period ends, don't miss the opportunity to deposit your TON into Simple Earn Locked Products for 20 days. By participating, you have the opportunity to get APR up to 300%.
Disclaimer, always do your own research!
