Binance Introduces Toncoin (TON) to Simple Earn Locked Products

Binance,
one
of
the
leading
cryptocurrency
exchanges,
has
announced
the
addition
of
Toncoin
(TON)
to
its
Simple
Earn
Locked
Products.
This
new
offering
allows
users
to
earn
up
to
5.9%
APR
rewards
during
the
promotion
period,
according
to
Binance.

Mechanism
on
TON
Locked
Products

The
subscription
format
for
TON
Locked
Products
operates
on
a
first-come,
first-served
basis.
Specific
subscription
amounts,
limits,
and
duration
requirements
are
in
place,
which
will
impact
the
amount
of
APR
rewards
users
receive.
The
reward
calculation
period
starts
from
00:00
(UTC)
on
the
day
after
an
eligible
subscription
to
Locked
Products
is
completed
and
continues
until
the
end
of
the
subscription
period.
Rewards
are
distributed
daily.

How
to
Get
Started
with
TON
Locked
Products

1. Navigate
   to
   the
   
   Earn
   section
   on
   Binance
   and
   search
   for
   TON.
2. Select
   the
   desired
   duration
   and
   subscribe
   with
   TON
   to
   start
   earning
   up
   to
   5.9%
   APR
   daily.

Additional
Information
and
Notes

• Users
  can
  view
  their
  Locked
  Products
  subscriptions
  by
  going
  to
  Wallets
  >
  Earn
  >
  Simple
  Earn
  >
  
  Locked.
• The
  unlock
  period
  for
  Locked
  Products
  is
  one
  day.
• For
  early
  redemption
  of
  Simple
  Earn
  Locked
  Products,
  assets
  are
  generally
  returned
  to
  the
  user’s
  Spot
  Account
  within
  72
  hours
  after
  the
  redemption
  request.
  However,
  delays
  may
  occur
  due
  to
  exceptional
  circumstances
  like
  extreme
  market
  volatility
  or
  high
  volume
  of
  simultaneous
  redemption
  requests.
• For
  more
  details,
  users
  can
  refer
  to
  the
  
  Locked
  Products
  FAQ.

This
move
is
part
of
Binance’s
ongoing
efforts
to
expand
its
range
of
financial
products
and
services,
providing
its
users
with
more
opportunities
to
grow
their
crypto
assets.
By
adding
TON
to
Simple
Earn
Locked
Products,
Binance
continues
to
enhance
its
platform’s
appeal
to
a
broader
audience.

For
the
official
announcement,
visit

Binance.

Image
source:
Shutterstock