TL;DR
- Binance launches Toncoin (TON) on Launchpool and Super Earn on August 15, 2024, allowing users to stake BNB and FDUSD to earn rewards.
- A total of 7,650,000 TON has been allocated for farming rewards, with 85% going to the BNB pool and 15% to the FDUSD pool; staking is limited per user.
- Binance Super Earn will offer a special Annual Percentage Rate (APR) for locked TON tokens, with details to be announced.
Binance has announced the launch of Toncoin (TON) on its Launchpool and Super Earn platforms. Starting from August 15, 2024, users will have the opportunity to participate in this new farming initiative by staking BNB and FDUSD. The token accumulation period for TON will last for twenty days, providing users with the chance to earn rewards based on their contributions to the designated pools.
The launch of Toncoin has been meticulously prepared. The official website will be available to users starting August 14. The platform has allocated a total of 7,650,000 TON for rewards during the farming period, dividing this amount between two pools: one for BNB, which will receive 85% of the rewards, and one for FDUSD, which will receive the remaining 15%. Staking will be limited to a maximum amount per user in each pool, with 1,354.68 TON in the BNB pool and 239.06 TON in the FDUSD pool.
Binance Will Not Allow Staking in More Than One Pool at a Time
The exchange also introduces Binance Super Earn, a new feature that will allow users to lock their TON tokens in Simple Earn Locked Products to benefit from a special Annual Percentage Rate (APR).
Although specific details about the APR have not yet been announced, this offer presents an attractive opportunity to maximize returns on TON tokens over a limited period. The APR and the corresponding Daily Percentage Rate (DPR) are designed to facilitate promotional activities and will be available until the allocated amount is fully subscribed.
To participate in Toncoin farming and Super Earn, users must complete KYC verification. Additionally, due to regulatory restrictions, some countries and regions, such as Australia, Canada, the United States, and parts of Ukraine, will not have access to these offers. During the farming period, users will be able to stake in only one pool at a time, with the option to withdraw and reallocate their funds at any moment.
