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
-
Navigate
to
the
Earn
section
on
Binance
and
search
for
TON. -
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
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