Binance Launchpool and Super Earn: Earn Toncoin (TON) by Staking BNB, TON, and FDUSD

Leading cryptocurrency exchange Binance has announced Tonkoyin as the next project to be featured on their Binance Launchpool staking platform. The exchange also introduced a new feature called Binance Super Earningsallowing members to earn a special annual percentage rate for a limited time.

Until September 3rd you can earn Toncoin (TON) tokens on Binance by simply staking TON stablecoin, BNB or FDUSD. You can withdraw your staked coins at any time and keep your TON token rewards.

You can earn TON on Binance Launchpool from August 15 to September 3The amount of token rewards you earn will depend on how many coins you stake.

Earn TON Token on Binance

Binance plans to distribute 0.15% of the total TON token supply to users on Launchpool. This amounts to 7.65 million TON tokens (worth about $48.5 million at the current rate) out of a total supply of about 5.11 billion tokens.

85% of these rewards will be distributed among BNB stakers, while the FDUSD staking pool will receive 15%. However, this does not necessarily mean that you will earn more TON if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool.

Introducing Toncoin $TON on #Binance Launchpool and Super Earn!

Lock your tokens and earn special APR rewards.

Find out more 👉 https://t.co/Y8vHwg2a92 pic.twitter.com/3m1khH1APB

— Binance (@binance) August 13, 2024

Binance usually lists projects’ tokens on the Launchpool platform after their respective campaigns have ended. This will not happen this time, as Binance listed TON only recently, on August 8.

What is Open Network (TON)?

Open Network (TON) is a blockchain-based platform originally developed by the team behind Telegram, a popular messaging app. TON was designed to provide fast, secure, and scalable transactions with the ultimate goal of supporting a wide range of decentralized applications (dApps) and services.

The project has achieved many of its early goals. TON integration into the Telegram messenger is becoming increasingly common and allows developers to create Web3 mini-apps supported by the blockchain. Additionally, the Telegram messenger comes with a TON wallet that allows users to send money to each other and participate in various DeFi use cases, such as TON and USDT staking and more.

It’s worth noting that the project was originally conceived as the Telegram Open Network, designed to provide a blockchain infrastructure that could support Telegram’s large user base with its own cryptocurrency called “Gram.” Telegram’s involvement in TON faced significant regulatory challenges, most notably from the U.S. Securities and Exchange Commission (SEC), which argued that the sale of Gram tokens constituted an unregistered securities offering. Due to these issues, Telegram officially pulled out of the project in 2020, and the community-led TON Foundation has since taken over development.

TON to benefit from higher annual interest rate introduced by Binance Super Earn

Binance has announced that TON will be listed on Binance Super Earn, a new platform that allows users to earn above-average rewards (referred to as Special annual percentage) by staking new tokens through Simple Earn Locked Products. This option is usually available immediately after the tokens are listed on Binance and is fully sponsored by the respective token projects.

Key Features of Binance Super Earn:

• The annual percentage rate (APR) offered through Super Earn is generally higher than the typical rates on other Simple Earn Locked products. This is because the rewards are funded by the token projects themselves as a promotional incentive to encourage users to hold and stake their newly minted tokens.
• Super Earn is available for a short period after the token listing and may include tokens distributed through airdrops, Launchpool, or other Binance events.
• Users can subscribe to Super Earn products by selecting their desired token and duration on the Binance platform. If they decide to buy back their positions early, they can do so, but they will lose all the rewards they have accumulated.
• Super Earn products are marked with the “Special offer” on the Binance Simple Earn page, making them easy to identify.

How to Earn TON Tokens on Binance Launchpool

If you want to receive rewards for mining Toncoin, you will need a Binance account.

Create a Binance account

Please note that only users who have completed Binance’s identity verification process can participate in Toncoin mining on Binance Launchpool.

Once your account is ready, you will need BNB or FDUSD tokens to stake. If you already have these tokens, you can deposit them into your Binance account. Otherwise, Binance offers a variety of ways to buy them with crypto or fiat.

Once your account has been verified and funded with BNB and/or FDUSD, go to the menu at the top of the Binance interface and select “More.” Then go to “Launchpool.”

Then, find available Toncoin farming pools. Depending on which tokens you want to stake, choose the FDUSD pool or the BNB pool. Then, follow the instructions provided by the exchange.

Note that at the time of writing, Launchpool for Toncoin is not yet open. The screenshot shows pools for Omni Network, a project that was added to Binance Launchpool relatively recently.

Finally, here is a quick overview of key dates and information about the Toncoin Launchpool campaign: