It was a long-awaited step, and Binance exchange announced the news through official channels a short while ago. Due to its integration with Telegram, which quickly reached a massive number of users and expanded its ecosystem, TON Coin will be the 56th project on Binance Launchpool.
TON Coin Latest News
With nearly 1 billion active users monthly, Telegram is a huge platform. Moreover, due to its ease of use and structure, it is extensively used by cryptocurrency investors. This allowed Ton Coin to grow rapidly, and we saw many successful projects rise within its ecosystem through mini applications.
A few minutes ago, Binance exchange announced the good news for the layer1 network on Binance Launchpool. Starting from August 15, users will stake their BNB and FDUSD assets in separate pools to earn TON Coin. A total of 7.65 million tokens will be distributed. The staking pages will be ready on the Binance website in approximately 24 hours.
After the announcement, the TON Coin price rose by around 3% to $6.41, even though BTC fell below $59,000. Projects on the TON network may continue to be listed on the Binance exchange as a result of the latest partnership.
