Binance has announced a new Toncoin (TON) lock-up program for its users.
TON lockup subscribers can earn up to 5.9% APR as rewards.
TON surged 1.36% less than three hours after the token lockup announcement.
Binance has announced a new Toncoin (TON) lock-up program, offering users up to 5.9% Annual Percentage Rate (APR) for participating. The program aims to attract more users to adopt TON and hold the cryptocurrency for a specified duration. The newly announced program will last throughout a promotion period, which the announcement did not stipulate.
Meanwhile, Binance noted that only users who subscribe between September 3 and September 23 2024 would be eligible for the TON Binance Simple Earn program. The crypto exchange also outlined the subscription format for the program and explained how it would calculate users’ rewards, noting that it would distribute users’ earnings daily.
Read also: Crypto Price Watch: TON, NOT, XRP, BLUR, DOGS Show Mixed Signals
Typically, cryptocurrency projects implement token lockups to check potential price depreciation of their native cryptos via excessive sales. Like the Binance TON lockup program, the process involv…
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