Binance Announces Listing of Toncoin (TON) with Seed Tag

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
the
listing
of
Toncoin
(TON)
with
the
Seed
Tag
applied,
according
to

Binance.
Trading
for
the
new
spot
pairs
will
commence
on
August
8,
2024,
at
10:00
UTC.

New
Spot
Trading
Pairs

The
new
spot
trading
pairs
available
for
Toncoin
(TON)
will
include
TON/BTC,
TON/USDT,
TON/FDUSD,
and
TON/TRY.
Users
can
start
depositing
TON
in
preparation
for
trading,
with
withdrawals
being
enabled
starting
August
9,
2024,
at
10:00
UTC.
Notably,
the
listing
fee
for
TON
is
set
at
0
BNB.

What
is
Toncoin
(TON)?

Toncoin
is
a
decentralized
and
open
Layer
1
blockchain
created
by
the
community
using
technology
originally
designed
by
Telegram.
The
network
aims
to
provide
a
robust
and
scalable
solution
for
decentralized
applications
and
services.

Seed
Tag
and
Associated
Risks

The
Seed
Tag,
which
will
be
applied
to
TON,
signifies
that
the
token
is
part
of
a
category
of
innovative
projects
that
may
exhibit
higher
volatility
and
risks
compared
to
other
listed
tokens.
Users
interested
in
trading
tokens
marked
with
the
Seed
Tag
are
required
to
pass
corresponding
quizzes
every
90
days
on
the
Binance
Spot
and/or
Binance
Margin
platforms
to
ensure
they
are
aware
of
the
associated
risks.

Additionally,
users
will
need
to
accept
Binance’s

Terms
of
Use.
The
Seed
Tag
and
risk
warnings
will
be
prominently
displayed
on
the
respective
trading
pages
and
the
Markets
Overview
page.

Geographic
Restrictions

Trading
of
the
new
TON
pairs
is
subject
to
eligibility
based
on
the
user’s
country
or
region
of
residence.
Currently,
users
residing
in
Canada,
Cuba,
Crimea
Region,
Iran,
Japan,
Netherlands,
North
Korea,
Syria,
the
United
States
of
America
and
its
territories,
and
non-government
controlled
areas
of
Ukraine
will
not
be
able
to
trade
these
pairs.
This
list
may
be
updated
periodically
to
reflect
changes
in
legal,
regulatory,
or
other
factors.

Additional
Notes

Binance
reminds
users
to
conduct
their
own
research
before
trading
Toncoin
to
avoid
scams
and
ensure
the
safety
of
their
funds.
They
also
highlight
that
TON
is
a
newly
listed
token
and
may
be
subject
to
high
price
volatility.
Therefore,
users
must
exercise
sufficient
risk
management
and
due
diligence
(DYOR).

For
more
detailed
information,
visit
the
original
announcement
on

Binance.

Image
source:
Shutterstock