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Open Network (TON) is a layer-1 blockchain ecosystem deeply integrated with Telegram and built on the Proof-of-Stake algorithm.
Read about Toncoin (TON) in the Binance research report.
- Token name: Toncoin (TON).
- Current total token supply: 5,110,422,426 TON
- Launchpool token reward: 7,650,000 TON
- Toncoin network explorers: tonviewer.com, tonscan.org, tonscan.com.
- Staking requirements: KYC required.
Project website | Whitepaper | Twitter | Telegram | CoinMarketCap | Detailed terms
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How to participate
Here is a step-by-step guide to participating in Binance Launchpool projects.
Terms
Use BNB and FDUSD tokens for staking in separate pools and earn TON tokens for twenty days starting from August 15, 2024 at 03:00 (MSK).
Supported pools
BNB Staking: 6,502,500 TON in rewards (85%).
FDUSD Staking: 1,147,500 TON in rewards (15%).
Please Note:
- User balances and total pool balances snapshots will be taken multiple times at any point in time every hour to get the average hourly user balances and calculate user rewards. User rewards will be updated hourly.
- Users will be able to accumulate their rewards (calculated hourly) and claim these rewards directly to their spot accounts at any time.
- The Annual Percentage Yield (APY) of each pool and the total pool balance will be updated in real-time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB in two different pools simultaneously, but can stake 50% of their BNB in Pool A and 50% in Pool B.
- Users will be able to unstake their assets at any time without delays and immediately participate in any other available pools.
- Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user's spot accounts at the end of each farming period.
- Binance BNB Vault and Locked Products will support Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in Launchpool and receive new token rewards.
- If there are multiple Launchpool projects running simultaneously, users' BNB assets in BNB Vault and Locked Products will be split and distributed evenly across each project unless stated otherwise.
- BNB Vault assets collateralizing Binance Loans (Flexible Interest Rate) are not eligible for Launchpool rewards.
- BNB staked in Launchpool will still provide users with the standard benefits of holding BNB, such as airdrops, Launchpad participation rights, and VIP benefits.
Our participation
We're taking part in another Binance launchpool, and this time it's for the well-known TON coin.
Our results
The TON farming on Binance is over!
We kept 10,000 FDUSD in the pool. Over 17 days, we earned 6.36 TON coins. Today, that's about $30 (as of 09/04/2024, the rate is $4.67). It turned out to be 0.3% for the period - you get what you pay for in this crypto market, right?)
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