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Crypto: The 56th Project Enters the Binance Launchpool

Wed 14 Aug 2024 ▪ 4 min read ▪ by Luc Jose A.
Centralized Exchange (CEX)

Binance, the undisputed leader in crypto exchange platforms, marks a new milestone in its expansion strategy by integrating Toncoin (TON) into its ecosystem. This decentralized blockchain, once developed by the creators of Telegram, is making a notable entry into the Binance universe through the Launchpool, one of the most prestigious showcases for any crypto project. This launch, scheduled for August 15, 2024, comes with new investment and yield opportunities for users.

Toncoin rejoint Binance

Binance integrates Toncoin into its ecosystem

August 15, 2024, will mark a new milestone in the Binance ecosystem with the arrival of Toncoin (TON) on the Launchpool, a platform dedicated to emerging crypto projects. Initially developed by the creators of Telegram, Toncoin stands out with its open-layer decentralized blockchain, designed to offer fast and secure transactions on a global scale. The integration of TON as the 56th project on the Launchpool not only demonstrates the growing recognition of this project within the crypto community but also Binance’s strategy to diversify and enrich investment options for its users. From this date, Binance users will be able to stake their BNB and FDUSD tokens to accumulate rewards in the form of TON, with over 7.65 million tokens allocated to this initiative.

This farming operation will extend over a period of 20 days, thus offering a strategic window of opportunity for those who wish to position themselves on Toncoin from its early days of integration on the platform. Binance’s choice to allocate such a quantity of tokens to this launch underscores the importance placed on this project. In parallel, early access to the official Toncoin page, available from today, sets the stage for massive participation.

The new dimensions of Binance Super Earn

Alongside the Launchpool, Binance unveils a new feature called Super Earn, designed to maximize user returns by locking their TON tokens into specialized financial products. This initiative is part of a broader strategy to enrich the user experience by offering potentially higher annual percentage rates (APR) compared to standard products. Although the precise details of these rates have not yet been disclosed, the introduction of Super Earn demonstrates Binance’s ambition to stay at the forefront of financial innovations in the crypto sector. This product, reserved for users who have completed the KYC verification process, directly responds to the growing expectations of investors seeking high-yield products while maintaining a level of security that meets regulatory requirements.

The implications of this new product go well beyond the immediate yield opportunity. By integrating Toncoin into Super Earn, the crypto exchange Binance creates an ecosystem where users can not only earn TON via the Launchpool but also grow them further through strategic investments. This dual engagement lever could not only attract new investors to Toncoin but also strengthen the loyalty of existing users while contributing to the increase in liquidity and adoption of TON in global markets.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.