Leading cryptocurrency exchange Binance has recently announced the addition of Toncoin (TON) to its Binance Launchpool staking service. Users can earn TON coins by staking TON, BNB, or FDUSD stablecoins on Binance between August 15 and September 3, 2024.
Toncoin (TON) on Binance Launchpool and Super Earn
Binance revealed that Toncoin will be the 56th project on its Launchpool platform. Starting August 15, users can stake their BNB and FDUSD tokens into designated pools to mine TON tokens during the 20-day staking period.
Key details:
- Token Name: Toncoin (TON)
- Total Token Supply: 5,110,422,426 TON
- Launchpool Token Rewards: 7,650,000 TON (0.15% of total supply)
- Mining Period: August 15 - September 3, 2024
Supported Pools:
- BNB Pool (85% rewards)
- FDUSD Pool (15% rewards)
Additionally, Binance introduced the "Super Earn" program, allowing users to lock TON tokens in Simple Earn Locked Products for special Annual Percentage Rates (APR). While specific rates haven't been disclosed, this initiative provides extra earning opportunities for TON holders.
👉 Maximize your crypto earnings with Binance Super Earn
Benefits for TON Holders in Binance Super Earn
Binance Super Earn offers:
- Higher-than-average APR through promotional incentives
- Limited-time opportunities post-token listing
- Flexible subscription options with various lock periods
Note: Early redemption results in forfeited rewards.
Step-by-Step Guide to Earn TON Through Launchpool
- Create/Verify Account: Complete Binance's KYC process
- Acquire Staking Tokens: Purchase BNB or FDUSD if needed
- Navigate to Launchpool: Access via Binance interface
- Choose Mining Pool: Select BNB or FDUSD pool
- Stake Tokens: Follow on-screen instructions
👉 Start staking TON today for maximum rewards
The Open Network (TON) Overview
Originally developed by Telegram, TON is a blockchain platform designed for:
- Fast, secure transactions
- Scalable decentralized applications (DApps)
- Web3 mini-apps integration within Telegram
Key milestones:
- 2020: Telegram withdrew due to SEC regulations
- TON Foundation continued community-led development
- Current focus: DeFi integration and wallet services
FAQ
Q: What's the minimum staking amount?
A: Binance doesn't specify minimums - rewards depend on proportional stake size.
Q: Can I unstake anytime?
A: Yes, but this may affect accrued rewards.
Q: How are rewards distributed?
A: Daily automatic distributions to your Spot Wallet.
Q: Is TON already listed on Binance?
A: Yes, since August 8, 2024 - but Launchpool offers additional rewards.
Q: What are the risks?
A: Standard cryptocurrency risks apply, including market volatility.
Q: Where can I track my rewards?
A: Through Binance's Launchpool dashboard and Spot Wallet.
Note: Always conduct your own research before participating in any cryptocurrency programs.