Binance launches Toncoin (TON) on Binance Launchpool and also introduces a new simple earn product called Super Earn for Toncoin

Farm TON by Staking BNB, FDUSD, and TON

On August 13, 2024, Binance, one of the world's leading cryptocurrency exchanges, launched its 56th project on Binance Launchpool—Toncoin (TON).

 Binance on X: "Introducing Toncoin $TON on #Binance Launchpool and Super Earn! Lock your tokens and earn Special APR rewards. 

What is Toncoin (TON)?

Toncoin (TON) is a cutting-edge cryptocurrency powering the TON blockchain, an open-source and decentralized network that offers fast and secure transactions.

TON aims to play a critical role in the future of decentralized applications (dApps) and blockchain-based services.

How to Participate in TON Farming on Binance Launchpool

Starting from August 15, 2024, at 00:00 (UTC), Binance users will have the opportunity to stake their BNB and FDUSD tokens into separate pools to farm TON tokens.

This farming period will last for twenty days, concluding on September 3, 2024, at 23:59 (UTC).

TON Launchpool Details

Here are the key details for the TON farming:

• Token Name: Toncoin (TON)
• Current Total Token Supply: 5,110,422,426 TON
• Launchpool Token Rewards: 7,650,000 TON

Supported Pools and Rewards

Participants can stake their BNB and FDUSD into the following pools:

Stake BNB

This pool offers the majority of the rewards, with 6,502,500 TON available, representing 85% of the total rewards.

Stake FDUSD: This pool provides 1,147,500 TON in rewards, accounting for 15% of the total rewards.

Farming Period

The farming period for TON will run from August 15, 2024, 00:00 (UTC) to September 3, 2024, 23:59 (UTC).

During this period, participants can earn TON tokens proportionally based on the amount of BNB or FDUSD they have staked.

How to Get Started

To participate in the TON farming, Binance users can follow these simple steps:

1.      Login to your Binance account.

2.    Navigate to the Launchpool page.

3.    Select the pool you wish to stake in—BNB or FDUSD.

4.    Stake your tokens and start earning TON rewards.

Super Earn

Binance is also announced Binance Super Earn.

It is a new way for users to earn a Special APR with selected newly listed tokens right after listing.

Users can lock TON in Simple Earn Locked Products to enjoy the Special APR. To earn the Special APR rewards, subscribe your TON on Simple Earn Locked Products.

Super Earn token reward is 1,350,000 TON and it has locked duration of 20 days.

Binance will announce when TON Super Earn becomes available, so stay tuned for the update.

The Open Network (TON) is one of the fastest growing blockchain in 2024. TON currently has $600 million in total value locked.

If you want to farm Toncoin, mark your calendar for August 15, 2024.