Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the launch of Toncoin (TON), a decentralized, open-layer blockchain and its 56th project on the Binance Launchpool.
The official launch is set for August 15, 2024, and users will soon be able to participate in this farming opportunity by staking BNB and FDUSD to earn TON tokens.
The launch of Toncoin
From August 14 on, Binance users will have access to the official Toncoin webpage as the platform prepares for the launch.
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The farming period starts on August 15, 00:00 UTC, and will span 20 days, giving users the chance to stake their tokens in separate pools and accumulate TON.
The platform has allocated more than 7.65 million TON tokens as rewards, divided between the BNB and FDUSD pools.
In addition, Binance is launching a new feature called Binance Super Earn.
This feature gives users the opportunity to lock their TON tokens in Simple Earn Locked Products and benefit from a special annual percentage rate (APR), the specifics of which are yet to be announced.
The Toncoin user experience
To participate, users must complete Know Your Customer (KYC) verification, and certain regions — including Australia, Canada, the United States, and parts of Ukraine, among others — are excluded due to regulatory restrictions
To ensure transparency, the Toncoin network is supported by various explorers like tonviewer.com and tonscan.org.
Tokens can be staked in only one pool at a time, but users can unstake and reallocate their funds at any moment during the farming period.
This goes for BNB Vault and Locked Products as well, and users can automatically participate in the Launchpool and receive new token rewards.
