Binance Adds TON Coin From Telegram Ecosystem to Launchpool Platform

The crypto exchange Binance has just announced that it has added the TON coin from the Telegram ecosystem to the Launchpool platform.

Cryptocurrency exchange Binance has announced the addition of TON coin from the Telegram ecosystem to its Launchpool platform.

To mark the launch, a parallel initiative has also been unveiled, akin to Launchpool, where users can attain a boost on the yields of TON staking.

Just a week ago, Binance listed the cryptocurrency on its spot markets and now the incentives for deposits are rolling in.

Let’s take a closer look at all the details below.

Binance adds TON to Launchpool, following the crypto’s listing a week ago

A week after listing TON on Binance’s spot exchanges, the crypto exchange has included Telegram’s coin in the Launchpool program.

This marks the 56th project to be selected for the incentive platform, where users of the exchange can earn tokens simply by staking.

Specifically, in this case, to farm TON, users will need to lock BNB and/or FDUSD in two separate pools. The Launchpool will officially commence at 00:00 (UTC) on 15/08/2024 and will span twenty days.

Introducing Toncoin $TON on #Binance Launchpool and Super Earn!

Lock your tokens and earn Special APR rewards.

Find out more ? https://t.co/Y8vHwg2a92 pic.twitter.com/3m1khH1APB

The Toncoin Foundation has allocated a total of 7,650,000 TON as rewards for Binance Launchpool, which equates to approximately $51 million.

Of this total, 85% is dedicated exclusively to user stakes in BNB, while the remaining 15% is allocated to FDUSD stakers.

In total, a maximum of 382,500 TON can be farmed each day by combining both rewards

Binance has also set a temporary hard cap, limiting the potential hourly rewards per user to 1,354.68 TON in the BNB pool and 239.06 TON in the FDUSD pool.

This serves to mitigate the possible hoarding of TON by crypto whales who could quickly amass large portions of the Launchpool rewards.

We remind you that to participate in this program, you must be registered on the exchange and have completed the KYC verification for compliance and regulatory purposes.

Binance seizes the occasion to introduce “Super Earn” investment product

Cryptocurrency exchange Binance has used the launch of the highly anticipated TON Launchpool to introduce another interesting initiative called “Super Earn.”

This is an investment product, similar to the passive incomes available on the platform, where users can obtain special yields for a limited time.

The program is designed specifically to support a cryptocurrency after it is listed on the spot markets, including airdrops to the community and Megadrops.

However, in this case, unlike Launchpool, users are not required to lock BNB or FDUSD to earn a yield. Instead, they need to deposit the same coin for which the yield is offered (for example: stake TON to farm TON)