Earn TON Token Rewards on Binance Launchpool and Super Earn

The leading cryptocurrency exchange, Binance, has announced Toncoin as the next project featured on their Binance Launchpool staking platform.

Binance, the leading cryptocurrency exchange, has announced the addition of Toncoin (TON) to its Launchpool staking platform, offering users the chance to earn TON tokens. The exchange has also introduced Binance Super Earn, a new feature that allows stakers to earn a special APR for a limited time.

Until September 3, you can earn Toncoin (TON) tokens on Binance simply by staking your TON, BNB, or the FDUSD stablecoin. You can withdraw the coins you’ve staked at any time and keep the TON token rewards.

You can earn TON on Binance Launchpool between August 15 and September 3. The amount of token rewards you earn will depend on how many coins you stake.

Earn TON Token on Binance

Binance plans to distribute 0.15% of the total TON token supply to users on Launchpool. This translates to 7.65 million TON tokens (worth about $48.5 million at current rates) out of a total supply of roughly 5.11 billion tokens.

85% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 15%. However, this doesn’t necessarily mean that you will earn more TON if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool.

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

Usually, Binance lists tokens of projects on the Launchpool platform after the end of their respective campaigns. This time around, that won’t happen, as Binance listed TON very recently on August 8th.

What is The Open Network (TON)?

The Open Network (TON) is a blockchain-based platform that was initially developed by the team behind Telegram, a popular messaging app. TON is designed to facilitate fast, secure, and scalable transactions, ultimately aiming to support a wide range of decentralized applications (dApps) and services.

The project has managed to achieve many of its early goals. TON integration within the Telegram messenger is becoming increasingly common, enabling developers to create Web3 mini apps that are supported by the blockchain. Additionally, the Telegram messenger includes a TON wallet that users can utilize to send funds to each other and participate in various DeFi use cases, such as staking TON and USDT, among others.

It’s worth noting that the project was originally conceived as the Telegram Open Network, aiming to provide a blockchain infrastructure that could support Telegram's vast user base with a native cryptocurrency called "Gram." Telegram's involvement with TON faced significant regulatory challenges, particularly from the U.S. Securities and Exchange Commission (SEC), which maintained that the sale of Gram tokens constituted an unregistered securities offering. Due to these issues, Telegram officially withdrew from the project in 2020, and the community-led TON Foundation has taken over the development since then.

TON to benefit from a higher APR introduced by Binance Super Earn

Binance has announced that TON will be included in Binance Super Earn, a new platform that enables users to earn higher-than-average rewards (termed Special APR) by staking newly listed tokens via Simple Earn Locked Products. This opportunity is usually available right after the tokens are listed on Binance and is fully sponsored by the respective token projects.

Key features of Binance Super Earn:

How to earn TON tokens on Binance Launchpool

If you’re interested in earning Toncoin farming rewards, you’ll need a Binance account.

Create Binance Account

Please note that only users who complete an identity verification process with Binance are eligible to participate in Toncoin farming on Binance Launchpool.

Once your account is set up, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some into your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.

After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool."

Next, locate the available Toncoin farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.

Note that the Launchpool for Toncoin was not yet opened at the time of writing this article. The screenshot shows the pools for Omni Network, a project listed on Binance Launchpool relatively recently.

As a final note, here’s a quick summary of key dates and information about the Toncoin Launchpool campaign: