- Binance has introduced a brand new Toncoin (TON) lockup program for its customers.
- TON Lockup subscribers can earn as much as 5.9% APR as rewards.
- TON surged 1.36% inside three hours of the token lockup announcement.
Binance has introduced a brand new Toncoin (TON) lockup program that provides individuals an Annual Proportion Price (APR) of as much as 5.9%. The objective of this system is to encourage extra customers to undertake TON and maintain the cryptocurrency for a specified time period. The newly introduced program will run at some stage in the promotion, although the announcement didn’t specify how lengthy it should final.
In the meantime, Binance famous that solely customers who be part of between Sept. 3 and Sept. 23, 2024, will likely be eligible for the TON Binance Easy Earn program. The cryptocurrency alternate additionally outlined this system's membership format and defined how person rewards will likely be calculated, noting that person earnings will likely be distributed each day.
Additionally learn: Cryptocurrency Worth Watch: TON, NOT, XRP, BLUR, DOGS Present Blended Alerts
Sometimes, cryptocurrency initiatives implement token lockups to stop a possible worth drop of the native cryptocurrency as a result of extreme promoting. Much like the Binance TON lockup program, this course of entails…
The submit Binance Launches Toncoin Lockup Program to Encourage HODL appeared first on Coin Version.
