Binance Launches Toncoin Lock-Up Program, Incentivizing HODLing

• Binance has introduced a brand new Toncoin (TON) lock-up program for its customers.
• TON lockup subscribers can earn as much as 5.9% APR as rewards.
• TON surged 1.36% lower than three hours after the token lockup announcement.

Binance has introduced a brand new Toncoin (TON) lock-up program, providing customers as much as 5.9% Annual Proportion Charge (APR) for taking part. This system goals to draw extra customers to undertake TON and maintain the cryptocurrency for a specified period. The newly introduced program will final all through a promotion interval, which the announcement didn’t stipulate.

In the meantime, Binance famous that solely customers who subscribe between September 3 and September 23 2024 can be eligible for the TON Binance Easy Earn program. The crypto alternate additionally outlined the subscription format for this system and defined how it might calculate customers’ rewards, noting that it might distribute customers’ earnings every day.

Learn additionally: Crypto Value Watch: TON, NOT, XRP, BLUR, DOGS Present Combined Indicators

Sometimes, cryptocurrency tasks implement token lockups to test potential value depreciation of their native cryptos through extreme gross sales. Just like the Binance TON lockup program, the method involv…

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