🔶 Binance's Latest Move:
Binance has recently added Toncoin ($TON ) to their Simple Earn locked products, offering enticing APR rates for token holders. You can now earn up to 5.9% APR by locking your TON tokens between September 3 and September 23.
🔶 APR Details:
- 1.20% APR for a 30-day lock
- 1.90% APR for a 60-day lock
- 3.90% APR for a 90-day lock
🔶 Promotional Boost:
These rates are part of a promotional offer, which makes the opportunity even more attractive for investors looking to earn rewards on their holdings.
🔶 Contextual Impact:
This move comes as Telegram faces increasing legal challenges globally. Binance’s decision to promote TON during this period highlights its strategic intent to capitalize on the current market dynamics.
🔶 Market Response:
Despite a notable 14% drop in TON’s price this month and recent market volatility, the token’s price has shown a slight recovery, ticking up by 1%.
🔶 What to Watch:
Binance’s aggressive push could generate significant interest and activity around Toncoin, potentially influencing its market performance and visibility.
🔶 Action Required:
If you’re interested in these rates, consider locking your TON tokens before the promotion ends on September 23.
