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HomeNewsJoin Binance Super Earn and Launchpool for Toncoin (TON) Rewards

Join Binance Super Earn and Launchpool for Toncoin (TON) Rewards

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  • Binance introduces Toncoin to Launchpool, offering users attractive staking rewards through BNB and FDUSD pools.
  • The new Super Earn program provides a higher APR for locking TON tokens, attracting more participants to the TON ecosystem.

Binance has announced the 56th project in its Launchpool initiative: Toncoin (TON). Binance users will be able to stake BNB or FDUSD and win TON token rewards between August 15 and September 3, 2024.

Significant TON Rewards Allocated: 85% for BNB Stakers

The entire reward pool is significant, with 7.65 million TON tokens set aside for this farming period. Notably, 85% of these rewards are reserved for BNB stakers, with the remaining 15% going to FDUSD stakers.

Toncoin, The Open Network’s native cryptocurrency, has grown in popularity rapidly, thanks in part to its tight integration with Telegram, a messaging app with nearly 900 million active users as of 2024.

Following regulatory challenges, particularly from the SEC in the United States, this blockchain project—originally developed by Telegram—has transformed into a community-led initiative.

In addition to the Launchpool, Binance has created a new tool known as Super Earn, which allows users to lock their TON tokens in Simple Earn Locked Products.

This program offers a higher-than-average annual percentage rate (APR), although the specific rate has yet to be revealed. The Super Earn initiative aims to encourage more users to stake by offering large rewards financed directly by the respective coin projects.

As of writing, TON is trading around $7.05, representing a remarkable 10.72% rise over the last 24 hours. The trade volume has increased by more than 38%, reaching $557.73 million.

Toncoin, on the other hand, recorded an open interest of $287 million in early July, indicating high investor interest and a huge influx of funds.

Despite the impressive trade volume and liquidity growth, on-chain data suggested a slowing of network development and trading velocity, as ETHNews previously reported.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: [email protected] Phone: +49 160 92211628
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