Toncoin (TON) is a cryptocurrency that has gained widespread attention due to its association with The Open Network, a blockchain originally developed by the team behind Telegram, one of the most popular messaging apps in the world. With nearly 900 million users worldwide, Telegram provides TON with a unique platform for rapid adoption and integration into users’ daily lives.
TON Potential
TON was designed to provide fast, secure, and scalable transactions, which is crucial in the context of the growing demand for decentralized applications (dApps) and blockchain services. The project from the beginning aimed to provide solutions that can support a huge number of users without compromising performance.
One of the main factors driving Toncoin’s popularity is its deep integration with the Telegram ecosystem. The app features a TON wallet that allows users to easily send and receive money, as well as participate in various DeFi use cases such as TON staking and trading on decentralized markets. This makes Telegram not only a communication platform but also a versatile financial tool, which increases the practical application of TON and attracts new users to the ecosystem.
The history of TON is as interesting as its technology. Initially known as Telegram Open Network, the project aimed to create a native cryptocurrency, called Gram, that could serve Telegram’s millions of users around the world. Unfortunately, the project faced significant regulatory challenges, particularly from the U.S. Securities and Exchange Commission (SEC), which forced Telegram to withdraw from the project in 2020. Since then, TON’s development has been taken over by the community, and the cryptocurrency itself has been renamed toncoin.
Toncoin on Binance Launchpool
Binance, the world’s largest cryptocurrency exchange by trading volume, announced that Toncoin has been selected as the 56th project on Binance Launchpool. This means that Binance users can now earn TON tokens by staking their BNB (Binance Coin) or FDUSD in dedicated pools for a period of 20 days, starting August 15, 2024.
How to get toncoins?
To start earning toncoins (TON) on Binance, you need to follow some really simple steps.
1. Create an account on Binance
The first step is to create an account on the Binance platform, which is one of the largest and most secure cryptocurrency exchanges in the world. The registration process is simple and requires basic information such as an email address and a password. Once you have created an account, you will need to go through a KYC (Know Your Business) verification process to be able to use the full capabilities of the platform. Our guide can help you.
2. Identity verification (KYC)
KYC (Know Your Customer) verification is a necessary step to ensure security and compliance with regulations. It is a prerequisite to participate in the Launchpool, as well as to use other features offered by the platforms.
3. Fund your BNB or FDUSD account
After successfully verifying your account, the next step is to fund your Binance wallet with BNB or FDUSD tokens. BNB (Binance Coin) is the native token of the Binance platform, which is often used in various operations on the exchange, such as paying for transaction fees. FDUSD is a stablecoin that can be used for staking on Launchpool. You can purchase these tokens directly on Binance or transfer them from an external wallet.
4. Participate in the Launchpool
Once your account is funded with BNB or FDUSD tokens, you can go to the Launchpool tab in the menu at the top of the Binance website. In this section, you will find the available pools where you can stake your tokens to earn TON rewards. Once you have selected the appropriate pool, simply follow the on-screen instructions. As you can see, I block BNB because it provides me with several times greater rewards.
5. Calculation and collection of prizes
TON rewards are earned every hour, meaning you can regularly check how many TONs you have already earned. You can claim your collected tokens at any time by transferring them directly to your spot account, which allows for further management, such as trading or withdrawal.
Special rewards on Binance Super Earn
Once you have your Toncoins (TON) on Binance Launchpool, there are several ways you can use them to maximize your profits. One of them is to take advantage of Binance’s new initiative called Binance Super Earn. This program allows users to earn special APR (Annual Percentage Rate) rewards by locking their TON in Simple Earn products. This is ideal for those looking to achieve higher returns than the standard, especially with newly listed tokens such as toncoin.
Super Earn is a great opportunity to earn more by using your previously earned coins. You can lock your TON for a specific period of time to enjoy attractive returns that are much higher than traditional staking options.
Don’t delay – join Binance now to start earning Toncoin and take advantage of the exclusive opportunities offered by Launchpool and Super Earn!
