The cryptocurrency landscape is constantly evolving, and $TON has emerged as a significant player in the digital asset world. Originally developed by Telegram, this blockchain platform has gained considerable momentum and is now being introduced on Binance Launchpool. This launch presents new opportunities for investors and enthusiasts to engage with Toncoin while potentially earning rewards.
The inclusion of Toncoin on Binance's Launchpool platform represents a key milestone for the cryptocurrency. This article explores the journey of Toncoin, from its inception to its current status within the Binance ecosystem. It also explains the workings of Binance Launchpool and its benefits for Toncoin stakers. Additionally, the article examines the Binance Super Earn feature, highlighting its potential to enhance rewards for Toncoin investors. Lastly, it offers strategic insights for those considering investing in Toncoin through these platforms.
Picture 1. Official Website https://ton.org/
How did they come to us:
The Open Network (TON) started in 2018 as a blockchain initiative developed by Telegram. It was originally intended to support Telegram's extensive user base, with the goal of building a scalable and efficient blockchain network. However, in 2020, the project encountered legal obstacles from the SEC, which caused a temporary pause in its development. In 2022, the TON Foundation assumed control of the project, revitalizing it and pushing it into the ranks of the top 10 cryptocurrencies.
What's the innovation of TON blockchain
TON's architecture distinguishes it from other blockchain networks by utilizing a unique blend of design elements and consensus mechanisms to deliver fast, scalable, and secure transaction processing. The network employs a bottom-up sharding strategy, where account chains are grouped into shard chains for parallel transaction processing. This "blockchain of blockchains" design enables TON to achieve high transaction speeds and efficiency.
The TON ecosystem is made up of three primary components: the Masterchain, Workchain, and Shardchain. The Masterchain acts as the central coordinating hub, containing critical protocol parameters and validator information. Additionally, TON uses two message routing methods: slow routing and fast routing, with the fast routing option allowing direct message transmission without going through intermediate chains.
Why TON listing on Binance Launchpool
TON's recent inclusion in the Binance Launchpool represents a major milestone in its evolution. This listing on the world's largest cryptocurrency exchange has reignited interest in the project. Starting on August 15, 2024, Binance users can stake BNB and FDUSD to earn TON tokens over a 20-day period. This event has led to a significant rise in TON's price, reaching its highest point in nearly four weeks.
The Binance Launchpool listing not only offers new earning opportunities for users but also indicates increasing institutional interest in TON. Recognition from such a key player in the cryptocurrency industry could further drive TON's adoption and growth.
How to participate Binance Launchpool for TON Stakers
Binance Launchpool allows users to earn TON tokens by staking $BNB or FDUSD. The farming period is from August 15, 2024, to September 3, 2024. To join, participants must have a verified Binance account and complete the identity verification process. The minimum staking requirement is 0.1 BNB or an equivalent amount in FDUSD.
Reward calculation and distribution process
Binance has set aside 7.65 million TON tokens for distribution through this program. The rewards are divided between two pools: 85% for BNB stakers and 15% for FDUSD stakers. To ensure accurate reward calculation, snapshots of user balances and total pool balances are taken several times per hour. Users can claim their rewards at any time, with updates made hourly and the rewards being directly transferred to their spot accounts.
Advantages of over traditional staking methods:
Flexibility: Users can withdraw their staked funds at any time without any waiting period.
Multiple earning opportunities: Participants have the chance to earn new tokens while continuing to manage their existing assets.
Automatic participation: BNB staked in BNB Vault and Locked Products is automatically enrolled in the Launchpool.
Additional benefits: BNB stakers continue to enjoy standard perks such as airdrops and VIP privileges.
This innovative staking approach offers the potential for higher returns compared to traditional methods, making it an appealing option for TON investors seeking to maximize their earnings.
What is Binance Super Earn what's in it for me?
Unique Features of Super Earn for TON
Binance has launched Super Earn, an innovative product aimed at boosting users' earning potential with newly listed tokens like TON. Through this program, users can lock their TON tokens in Simple Earn Locked Products and benefit from an exclusive Special Annual Percentage Rate (APR). The Super Earn initiative for TON began on August 16, 2024, at 06:00 UTC, offering a significant opportunity for TON holders.
APR Boost and Limited-Time Opportunities
The Super Earn program provides users with a unique opportunity to earn enhanced APRs on their TON holdings. These elevated rates are fully funded by the token projects themselves and are available for a limited time. While the specific APR details for TON will be announced soon, users can anticipate a rate that exceeds standard staking rewards. It's important to remember that these special APRs are subject to change and will only be offered until the allocated amount is fully subscribed.
Integration with Existing Binance Products
Super Earn integrates seamlessly with Binance's existing ecosystem. Users who have acquired TON through other Binance initiatives like Launchpool, Megadrop, or HODLer Airdrops can now use these tokens in Super Earn for additional rewards. This integration offers a comprehensive earning strategy for Binance users, especially BNB holders. By subscribing their BNB to Earn, participating in airdrops, and then utilizing the received tokens in Super Earn, users can maximize their potential returns across multiple Binance products.
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