Binance, the world’s largest cryptocurrency trading platform, is launching Toncoin (TON) on the Binance Launchpool. The official launch is set for August 15, 2024. Users will be able to participate in this farming opportunity by staking BNB and FDUSD to earn TON tokens.
Binance made the official announcement on X on Tuesday morning. “Binance is excited to announce the 56th project on Binance Launchpool – Toncoin (TON), a decentralized and open L1 blockchain. The webpage is estimated to be available in 24 hours before the Launchpool starts,” Binance says in a press release. The farming period starts on August 15 and will span 20 days. This gives users the chance to stake their tokens in separate pools and accumulate TON. Additionally, the platform has allocated more than 7.65 million TON tokens as rewards, divided between the BNB and FDUSD pools.
The exchange also announced the launch of Binance Super Earn. Super Earn is a “new way for users to earn a Special APR with selected newly listed tokens right after listing,” Binance says. Users can lock TON in Simple Earn Locked Products to enjoy the Special APR.
Binance’s Toncoin launch pool currently holds 5,110,422,426 TON. Furthermore, users must complete Know Your Customer (KYC) verification to stake TON. Tokens can be staked in only one pool at a time, but users can unstake and reallocate their funds at any moment during the farming period.
From August 14, Binance users will have access to the official Toncoin webpage as the platform prepares for the launch. Certain regions, including Australia, Canada, the United States, and parts of Ukraine, among others, are excluded due to regulatory restrictions