Binance to List Toncoin (TON) with Seed Tag Applied

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
the
listing
of
Toncoin
(TON)
and
will
open
trading
for
several
spot
trading
pairs
starting
August
8,
2024,
at
10:00
(UTC),
according
to
Binance.

New
Trading
Pairs

The
new
spot
trading
pairs
available
for
Toncoin
will
include
TON/BTC,
TON/USDT,
TON/FDUSD,
and
TON/TRY.
Users
can
begin
depositing
TON
in
preparation
for
trading,
with
withdrawals
to
commence
on
August
9,
2024,
at
10:00
(UTC).
The
listing
fee
for
TON
will
be
0
BNB,
making
it
accessible
to
users
without
additional
costs.

Seed
Tag
Application

As
part
of
the
listing,
Binance
will
apply
a
Seed
Tag
to
Toncoin.
This
tag
indicates
that
TON
is
an
innovative
project
that
may
exhibit
higher
volatility
and
risks
compared
to
other
listed
tokens.
To
trade
tokens
marked
with
a
Seed
Tag,
users
must
pass
corresponding
quizzes
every
90
days
on
the
Binance
Spot
and/or
Binance
Margin
platforms
and
accept
the
Terms
of
Use.
These
quizzes
ensure
that
users
are
aware
of
the
risks
associated
with
trading
such
tokens.

About
Toncoin

Toncoin
is
a
decentralized
and
open
Layer
1
blockchain,
created
by
the
community
using
technology
designed
by
Telegram.
It
aims
to
provide
a
robust
platform
for
various
decentralized
applications
and
services.

Trading
Restrictions

Trading
of
the
newly
listed
pairs
will
be
subject
to
eligibility
based
on
the
user’s
country
or
region
of
residence.
Currently,
users
from
Canada,
Cuba,
Crimea
Region,
Iran,
Japan,
Netherlands,
North
Korea,
Syria,
the
United
States,
and
its
territories,
among
other
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
and
regulatory
requirements.

Risk
Management

Binance
advises
users
to
exercise
sufficient
risk
management
and
conduct
their
own
research
(DYOR)
before
trading
Toncoin,
as
it
poses
higher
than
normal
risks
and
is
likely
to
experience
high
price
volatility.
Users
should
be
aware
that
digital
asset
prices
are
subject
to
high
market
risk
and
price
volatility,
and
investments
may
lose
value.

For
more
details,
please
refer
to
the
official

Binance
announcement.

Image
source:
Shutterstock