Binance introductes Toncoin (TON) staking on Launchpool and Super Earn
Binance introductes Toncoin (TON) staking on Launchpool and Super Earn
Binance has announced the addition of Toncoin (TON) to its popular Launchpool and Super Earn platforms, marking its 56th project on the Launchpool.
According to the official announcement, Toncoin will now be available for Binance users to stake and farm. This initiative allows users to stake their BNB and FDUSD tokens into designated pools to earn TON rewards over a 20-day period, beginning on August 15, 2024.
Staking on Launchpool is available from August 15, 2023, at 00:00 (UTC), allowing participants to farm TON for a specified period.
Launchpool details:
- Token name: Toncoin (TON)
- Total token supply: 5,110,422,426 TON
- Launchpool rewards: 7,650,000 TON
- Toncoin network explorer: tonviewer.com, tonscan.org, tonscan.com
- Staking terms: KYC required
Hourly cap per user:
- - 1,354.68 TON in BNB pool
- - 239.06 TON in FDUSD pool
- Supported pools:
1. Stake BNB: 6,502,500 TON in rewards (85%)
2. Stake FDUSD: 1,147,500 TON in rewards (15%)
3. Farming period: 15.08.2024, 00:00 (UTC) to 03.09.2024, 23:59 (UTC).
In addition to the Launchpool, Binance has also introduced the Toncoin to its Super Earn platform, which offers users the opportunity to lock their TON tokens in Simple Earn Locked Products.
- Super Earn details:
- Digital asset: TON
- Locked duration: 20 days
- Special annual percentage rate (APR): To be announced
- Daily percentage rate (DPR): APR/365
- Super Earn token rewards: 1,350,000 TON.
Toncoin (TON) is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network (TON). The TON blockchain is open-sourced and supported by many network contributors, including the Switzerland-based non-profit organization, the TON Foundation.
The success of Toncoin staking on Binance could lead to further collaborations and integrations between the exchange and other emerging blockchain projects.
For users, the new staking options provide an attractive opportunity to engage with the TON ecosystem and potentially benefit from the blockchain’s growth and development.
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