Darius Baruo
Aug 08, 2024 06:55
Binance announces the listing of Toncoin (TON) with a Seed Tag, opening trading for several spot pairs on August 8, 2024.
Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of Toncoin (TON) and will open trading for several spot trading pairs starting August 8, 2024, at 10:00 (UTC), according to Binance.
New Trading Pairs
The new spot trading pairs available for Toncoin will include TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Users can begin depositing TON in preparation for trading, with withdrawals to commence on August 9, 2024, at 10:00 (UTC). The listing fee for TON will be 0 BNB, making it accessible to users without additional costs.
Seed Tag Application
As part of the listing, Binance will apply a Seed Tag to Toncoin. This tag indicates that TON 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 and accept the Terms of Use. These quizzes ensure that users are aware of the risks associated with trading such tokens.
About Toncoin
Toncoin is a decentralized and open Layer 1 blockchain, created by the community using technology designed by Telegram. It aims to provide a robust platform for various decentralized applications and services.
Trading Restrictions
Trading of the newly listed pairs will be subject to eligibility based on the user’s country or region of residence. Currently, users from Canada, Cuba, Crimea Region, Iran, Japan, Netherlands, North Korea, Syria, the United States, and its territories, among other non-government-controlled areas of Ukraine, will not be able to trade these pairs. This list may be updated periodically to reflect changes in legal and regulatory requirements.
Risk Management
Binance advises users to exercise sufficient risk management and conduct their own research (DYOR) before trading Toncoin, as it poses higher than normal risks and is likely to experience high price volatility. Users should be aware that digital asset prices are subject to high market risk and price volatility, and investments may lose value.
For more details, please refer to the official Binance announcement.
Image source: Shutterstock
