Binance Introduces Toncoin (TON) on Launchpool and Super Earn
Binance,
a
leading
cryptocurrency
exchange,
has
announced
the
addition
of
Toncoin
(TON)
as
the
56th
project
on
its
Launchpool
platform.
According
to
Binance,
users
will
be
able
to
stake
their
BNB
and
FDUSD
tokens
in
separate
pools
to
farm
TON
tokens
over
a
twenty-day
period,
starting
from
August
15,
2024.
TON
Launchpool
Details
Toncoin
(TON)
is
a
decentralized
and
open
Layer
1
blockchain.
The
total
token
supply
stands
at
5,110,422,426
TON,
with
7,650,000
TON
allocated
as
Launchpool
token
rewards.
Users
must
complete
KYC
verification
to
participate
in
the
staking
pools.
-
Stake
BNB:
6,502,500
TON
in
rewards
(85%) -
Stake
FDUSD:
1,147,500
TON
in
rewards
(15%) -
Farming
Period:
August
15,
2024,
00:00
(UTC)
to
September
3,
2024,
23:59
(UTC)
TON
Super
Earn
In
conjunction
with
the
Launchpool,
Binance
has
also
introduced
the ‘Super
Earn’
program.
This
new
initiative
allows
users
to
lock
TON
in
Simple
Earn
Locked
Products
to
enjoy
a
Special
Annual
Percentage
Rate
(APR).
A
separate
announcement
will
be
made
when
TON
Super
Earn
opens.
The
APR
and
Daily
Percentage
Rate
(DPR)
are
limited-time
offers,
fully
sponsored
by
the
respective
token
project
to
Binance.
These
promotions
are
available
for
a
limited
period
and
until
the
allocated
amount
is
fully
subscribed.
Additional
Information
Binance
has
outlined
several
important
points
regarding
the
staking
and
reward
accumulation
process:
-
Snapshots
of
user
balances
and
total
pool
balances
will
be
taken
multiple
times
each
hour
to
calculate
user
rewards. -
Users
can
claim
their
rewards
directly
to
their
spot
accounts
at
any
time. -
Each
pool’s
annual
percentage
yield
(APY)
and
total
pool
balance
will
be
updated
in
real-time. -
Tokens
can
only
be
staked
in
one
pool
at
a
time
but
can
be
split
between
multiple
pools. -
Funds
can
be
unstaked
at
any
time
with
no
delay. -
Tokens
staked
and
any
unclaimed
rewards
will
be
transferred
to
users’
spot
accounts
at
the
end
of
each
farming
period. -
BNB
Vault
and
Locked
Products
will
support
the
Launchpool,
allowing
users
to
automatically
participate
and
receive
new
token
rewards.
There
are
certain
restrictions
on
participation
based
on
user
location.
Currently,
residents
of
Australia,
Canada,
Cuba,
Crimea
Region,
Iran,
Japan,
New
Zealand,
Netherlands,
North
Korea,
Syria,
the
United
States,
and
some
non-government
controlled
areas
of
Ukraine
are
excluded
from
participating
in
farming
TON.
Additionally,
Super
Earn
is
blocked
in
Brazil,
Hong
Kong,
and
the
United
Kingdom.
For
more
detailed
information,
visit
the
announcement
on
Binance.
Image
source:
Shutterstock
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