Binance adds the crypto TON to the Launchpool section

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

To commemorate the launch, a parallel initiative was also presented, similar to the Launchpool, in which users can obtain a boost on the yields of TON staking.

Just a week ago Binance listed the cryptocurrency on the spot markets and now the incentives for deposits are already starting. 

Let’s see everything in detail below.

Binance adds TON to the Launchpool after listing the crypto a week ago

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

This is the 56th project selected for this incentive platform, where the users of the exchange can earn tokens simply by doing staking.

Specifically, in this case, to farm TON it is necessary to lock BNB and/or FDUSD in two separate pools. The Launchpool officially starts at 00:00 (UTC) on 15/08/2024 and will last for twenty days.

The foundation Toncoin has dedicated a total of 7,650,000 TON as a prize for the Binance Launchpool, equivalent to approximately 51 million dollars.

Of this amount, 85% is exclusively allocated to user bets in BNB, while the remaining 15% is allocated to FDUSD stakers.

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

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

This serves to weaken the possible hoarding of TON by crypto Whale who in a short time could acquire large amounts of the Launchpool rewards.

We remind you that to participate in this program you must be registered on the exchange and have passed the KYC verification for compliance reasons and regulation.

Binance seizes the opportunity and presents the investment product “Super Earn”

The crypto exchange Binance has taken advantage of the launch of the much-anticipated Launchpool of TON to introduce another very interesting initiative called “Super Earn”.

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

This program is designed specifically to support a cryptocurrency after listing on spot markets, including airdrop to the community and Megadrop.

In this case, however, unlike the Launchpool, you do not have to lock BNB or FDUSD to earn a yield. On the contrary, you need to deposit the same coin with which the yield is offered (for example: stake TON to farm TON)

 Users can subscribe to Simple Earn Locked Products with these newly listed tokens and enjoy a special APR.

It is important to emphasize that this kind of opportunity is directly sponsored by the cryptographic projects with tokens made available by the exchange.

The goal is to reward users who hold crypto such as TON right after the listing, offering a boost in deposit rewards.

To access this program, simply go to the “Simple Earn” section and select the currency you wish to farm. The products included in the Super Earn are marked with the “Special Offer” tag on the subscription interface

Here too, as with the Launchpool, there are however geographical limitations based on various international regulations regarding security token.

In fact, users residing in the following Countries or Regions cannot participate in this initiative: Australia, Brazil, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, U.S. Virgin Islands) and all non-government controlled areas of Ukraine.

Price analysis of the crypto TON

It seems that TON has responded well to Binance’s decision to add the crypto to the Launchpool and Super Earn programs.

In the last 24 hours the currency has indeed grown by about 6% reaching the threshold of 6.71 dollars, according to the chart of the exchange Bitfinex.

After recording a significant drop in prices in the month of July, where TON lost about 40%, the cryptocurrency is now back to business.

Since the news of the listing on Binance, it has recovered 23% of the previously lost ground, positioning itself close to the EMA 50 on the daily time frame.

Returning above this average is essential in order to aim for a continuation of the bull rally.

Now the first key resistance to face is that of 7 dollars, and then continue in search of 8 dollars to confirm the bullish restart.

On the other hand, a dump down to 6 dollars would not create particular tensions but an approach to 5.5 dollars would increase the probabilities of a deeper retracement.

At the time of writing the article TON capitalizes 15.5 billion dollars, with a trading volume in the last 24 hours of 325 million dollars.

Since the beginning of the year, this crypto is still up by 203%, highlighting one of the best chart performances of 2024