Binance offers up to 300% incentive with Toncoin in Earn

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By TP

Binance, the world's largest exchange, announced on Thursday, August 15, that it will offer an annual percentage rate (APR) of up to 300% on the Toncoin (TON) cryptocurrency.

To access the benefit, users must have a minimum of 1 TON In addition, the exchange will be able to deposit their cryptocurrencies into their wallet and trade the products that the site offers within the Simple Earn section. There, investors who lend their assets to funds managed by Binance will receive their cryptocurrencies plus interest after 20 days. To find this promotion, participants must enter the “Super Earn” section, within the aforementioned section, where Binance stores its special offers. The exchange will keep the subscription to this cryptocurrency open with this return rate between August 16 and 22, 2024 and they will be blocked for 20 days after the operation (they will not be able to withdraw them before this period since it is not a flexible option).

Binance launched a “Super Earn” event related to the TON cryptocurrency. Source: Binance. In turn, Binance imposed a maximum limit per user of 1,350 TON, as well as a total limit of subscriptions to the event that reaches 6,083,333 TON. That is, if the total maximum limit is exhausted, no new subscriptions can be added. By clicking here you can access Binance and operate with Toncoin. On the other hand, this announcement occurs a week after the exchange listed the native cryptocurrency of the The Open Network blockchain, an event that was reported by BitcoinDynamic. This caused the price to skyrocket by 15% that day to reach a price of around $6.25. At the time of this writing, the price of this cryptocurrency is in the area of ​​$6.54. The following image provided by TradingView denotes the bullish movement engulfing TON in 2024.

Daily candle chart showing TON's growth during 2024. Source: TradingView. Another relevant and eloquent moment in the growth of this network occurred in April 2024 when the company issuing the stablecoin USDT, Tether, expanded to the TON network. This network specializes in executing smart contracts and containing platforms, wallets, DeFi protocols, and video games.