Toncoin (TON) the native crypto asset of Telegram’s The Open Community (TON) ecosystem surged by 12% following an announcement by Binance that the token can be listed for buying and selling on August 8.
Binance introduced the event round Ton on its official X web page giving insights on the varied buying and selling pairs out there on its platform.
“Fellow Binancians,
Binance will record Toncoin (TON) and open buying and selling for the next spot buying and selling pairs at 2024–08–08 10:00 (UTC).
- New Spot Buying and selling Pairs: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY.
- Customers can now begin depositing TON in preparation for buying and selling.
- Withdrawals will open at 2024–08–09 10:00 (UTC).
- TON Itemizing Price: 0 BNB.
- Toncoin Community Explorer: tonviewer.com, tonscan.org, tonscan.com
Notes:
- The seed tag will likely be utilized to TON.
- TRY is a fiat foreign money and doesn’t characterize every other digital currencies.
- The withdrawal open time is an estimated time for customers’ reference. Customers can view the precise standing of withdrawals on the withdrawal web page.
- For customers operating Spot Copy Buying and selling portfolios, pairs could be included by enabling them within the [Personal Pair Preference] part of the Spot Copy Buying and selling settings.
- There could also be discrepancies within the translated model of this unique article in English. Please reference this unique model for the newest or most correct info the place any discrepancies might come up. Binance defined
The announcement highlighted plans to use a seed tag to Toncoin. Binance assigns seed tags to cryptocurrencies which might be recent and nonetheless of their growth stage.
The Seed tag label signifies cash vulnerable to excessive volatility and carry larger danger. It’s positioned to warn buyers concerning the dangers concerned earlier than buying and selling.
The Rise of Toncoin
Toncoin is a decentralized and open L1 blockchain, created by the neighborhood utilizing a expertise designed by Telegram. TON surged by 10% in June making an entrance into the highest ten cryptocurrencies by Market Capitalization.
TON went on to surge by one other 15% within the following week and at the moment has a market capitalization of $15.7 billion.
Toncoin turned an vital asset through the rise of Telegram-based Web3 clicker video games like Tapswap and Hamster Kombat. Toncoin is the native crypto asset of the TON blockchain the place these tasks are hosted and is used for fuel charges and utilities.
Toncoin Value Evaluation
On the time of Report, Toncoin is exchanging arms for $6.22 surging by 9.2% within the final 24 hours with a most worth of $6.41 and a minimal worth of $5.36.
The crypto asset is 25.3% from its all-time excessive of $8.25
What to know
- Toncoin is the native crypto token of The Open Community (TON) ecosystem developed by Telegram with its major community launched on October thirty first, 2019.
- The TON ecosystem has turn into one of many fastest-growing ecosystems within the trade because of the social media energy of Telegram which is onboarding hundreds of thousands of customers into Internet 3.
