- Binance will list Toncoin (TON) and open trading on August 8, 2024.
- New trading pairs include TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY.
- Withdrawals for TON will be available starting August 9, 2024.
- TON is marked with a seed tag, indicating higher risk and volatility.
- Users in certain countries are restricted from trading these pairs.
Binance, one of the world’s largest cryptocurrency exchanges, has announced the listing of Toncoin (TON).
Trading for the new spot trading pairs TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY will commence on August 8, 2024, at 10:00 UTC. Users can start depositing TON in preparation for trading immediately.
Withdrawals for Toncoin will be available starting August 9, 2024, at 10:00 UTC. The listing fee for TON is set at 0 BNB, making it accessible for a wide range of users.
Understanding Toncoin (TON)
Toncoin is a decentralized and open Layer 1 blockchain created by the community using technology designed by Telegram. It aims to offer a robust and scalable blockchain solution.
The Toncoin Network can be explored through various network explorers such as tonviewer.com, tonscan.org, and tonscan.com.
Risk and Eligibility
TON is marked with a seed tag, indicating it is an innovative project that may exhibit higher volatility and risks compared to other listed tokens. To trade tokens marked with a seed tag, users must pass corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms. These quizzes ensure that users are aware of the risks before trading.
Trading eligibility is also subject to the user’s country or region of residence. Users from countries like Canada, Cuba, Iran, Japan, and the United States, among others, will not be able to trade the new spot trading pairs.
Account verification is required to participate in the trading of these new pairs.
Final Words
The listing of Toncoin on Binance opens new opportunities for traders and investors. However, it is important for users to exercise caution and conduct thorough research due to the higher risks associated with this new token.
The seed tag and mandatory quizzes are steps taken by Binance to ensure that users are well-informed about the potential risks.
Previous Articles:
- Bitcoin Whales Accumulate $23 Billion Amid Market Slump
- Japan’s Finance Regulator Calls for “Cautious Consideration” on Crypto ETFs
- Cantor Fitzgerald Set to Launch $2 Billion Bitcoin Financing Business
- Telegram Takes Major Leap into Web3 with New In-App Browser and Mini App Store
- Manchester United Launches Player Trading Cards on Tezos Blockchain
