Binance Will Launch Toncoin (TON) Farming and Super Earn Products on August 15

Starting from August 15, 2024, users will have the opportunity to participate in this new farming initiative by staking BNB and FDUSD.

Binance has officially announced the launch of Toncoin (TON) on its Launchpool and Super Earn platforms. Commencing on August 15, 2024, users can now participate in this new farming initiative by staking their BNB and FDUSD tokens. The token accumulation period for TON will span twenty days, presenting an opportunity for users to earn rewards proportionate to their contributions to the designated pools.

The launch of Toncoin has been meticulously prepared, with the official website becoming accessible to users on August 14. A total of 7,650,000 TON tokens have been allocated by the platform for rewards during the farming period, which will be distributed across two pools: 85% will go to the BNB pool, while the remaining 15% will be allocated to the FDUSD pool. Staking will be subject to a maximum capacity per user in each pool, with 1,354.68 TON in the BNB pool and 239.06 TON in the FDUSD pool.

During the farming period, users will have the option to participate in either the BNB or FDUSD pool, but they will not be permitted to stake in both pools simultaneously. However, they can withdraw and re-stake their tokens at any time during the event.

The exchange is also introducing 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).

While specific details regarding 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.