Binance, the world's largest cryptocurrency exchange, introduced a new project with Toncoin (TON) as its 56th Launchpool project.
This project will feature Toncoin (TON), which is associated with Telegram. Users will have the opportunity to earn TON by staking BNB or FDUSD for 20 days starting August 15. Discover Binance’s new feature and learn how you can earn by staking with Toncoin!
Binance Introduces Toncoin as Its 56th Launchpool Project
Binance announced the selection of Toncoin (TON) as its latest Launchpool initiative on August 13. As of 15:00 UTC on May 16, Toncoin will be traded with BTC, USDT, BNB, FDUSD, and TRY pairs as the new token and will be listed with the “seed” tag. This announcement demonstrates Binance’s commitment to expanding its crypto asset portfolio.
Starting August 15, users will have the opportunity to earn Toncoin by farming on Launchpool for 20 days. By staking BNB or FDUSD, participants will be able to earn Toncoin as a reward. This highlights Binance’s user-friendly staking protocols and allows users to actively profit from new crypto projects.
Binance has also introduced a new earning mechanism called “Binance Super Earning.” This mechanism allows users to lock their TON tokens into Simple Earn Locked Products to earn special APR as soon as the token is listed. This innovative move aims to increase user engagement and offer immediate financial benefits.
The total supply of Toncoin is 5,110,422,426 TON, with 7,650,000 TON reserved as rewards on Launchpool. The rewards will be split into two specific pools: 80% for the BNB pool and 20% for the FDUSD pool. Specifically, 1.3 million TON tokens will be reserved for BNB stakers, while 239,000 TON tokens will be given to FDUSD stakers. This strategic allocation aims to ensure a balanced and fair distribution among participants.
Getting Started on Binance
For users who want to participate in this initial coin offering, the Binance platform will be ready within 24 hours. For those who want to trade at a discount and earn rewards through Launchpool projects, registering with Binance provides an accessible entry point.
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I EXPLAIN IN DETAILED.
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