Binance announced that Toncoin (TON) is listed on the exchange and its trading officially began on August 8, 2024, at 10:00 UTC, with new trading pairs available for TON, including TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY.
Users can start depositing TON into their accounts right away to get ready for trading. Withdrawals for TON will be available starting August 9, 2024, at 10:00 UTC. For those interested in tracking Toncoin’s activity, websites like tonviewer.com, tonscan.org, and tonscan.com provide detailed network exploration tools.
Binance has classified TON under a ‘Seed Tag,’ a label given to promising but potentially volatile new tokens. This tag indicates that TON might experience notable price fluctuations, so traders should exercise caution and conduct thorough research. Toncoin is a decentralized, open Layer 1 blockchain developed by the community based on technology originally designed by Telegram.
Additionally, users will need to complete quizzes every 90 days to trade tokens with the Seed Tag designation, ensuring they stay informed about the associated risks.
For those using Spot Copy Trading portfolios, updates can be made to include the new trading pairs by adjusting preferences in the Spot Copy Trading settings. Although TON’s listing fee is set at 0 BNB, this launch offers an exciting opportunity for traders ready to navigate its potential amidst high volatility.
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