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