- Binance, the world’s largest cryptocurrency exchange, has announced its 56th Launchpool project.
- The new project will feature Toncoin (TON), a crypto asset associated with Telegram.
- Users can earn TON by staking BNB or FDUSD starting from August 15 for a 20-day period.
Discover the latest feature on Binance: staking and earning opportunities with Toncoin! Learn all about the new launch and how you can benefit.
Binance Unveils Toncoin as the 56th Launchpool Project
On August 13, Binance publicized its selection of Toncoin (TON) for its latest Launchpool initiative. Starting May 16 at 15:00 UTC, the new token will be available for trading against BTC, USDT, BNB, FDUSD, and TRY pairs, tagged under the “seed” label. The announcement solidifies Binance’s commitment to broadening its crypto offerings.
Opportunity for Users to Earn TON
From August 15, users have an opportunity to participate in farming on the Launchpool for 20 days. By staking BNB or FDUSD, participants can earn Toncoin as rewards. This emphasizes the user-friendly nature of Binance’s staking protocols, allowing users to actively engage and earn from new crypto projects.
Introduction of Binance Super Earning
Binance has introduced a new earning mechanism dubbed “Binance Super Earning.” This initiative allows users to lock their TON tokens into Simple Earn Locked Products to gain Special APR immediately after the token is listed. It’s an innovative step aimed at maximizing user engagement and offering tangible financial benefits quickly.
Breakdown of the Distribution and Earnings
Toncoin’s total supply stands at 5,110,422,426, with 7,650,000 TON tokens allocated as rewards in the Launchpool. These rewards will be divided into two specific pools: 80% for the BNB pool and 20% for the FDUSD pool. Specifically, 1.3 million TON tokens are set aside for BNB stakers, while 239,000 TON tokens will go to FDUSD stakers. This strategic allocation ensures a balanced and fair distribution among participants.
Getting Started on Binance
Binance’s platform is expected to be ready within 24 hours for users who wish to take part in this initial coin offering. For those seeking to engage in discounted trading and earn rewards through the Launchpool projects, registration on Binance provides an accessible entry point.
Conclusion
In summary, Binance’s introduction of Toncoin in its latest Launchpool project presents a lucrative opportunity for crypto enthusiasts. With new staking options and immediate financial benefits through Binance Super Earning, the platform continues to innovate and expand its offerings. Users are encouraged to participate and take advantage of these new earning possibilities.
