Darius Baruo
Aug 08, 2024 06:55
Binance declares the itemizing of Toncoin (TON) with a Seed Tag, opening buying and selling for a number of spot pairs on August 8, 2024.
Binance, one of many world’s main cryptocurrency exchanges, has introduced the itemizing of Toncoin (TON) and can open buying and selling for a number of spot buying and selling pairs beginning August 8, 2024, at 10:00 (UTC), in response to Binance.
New Buying and selling Pairs
The brand new spot buying and selling pairs obtainable for Toncoin will embody TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Customers can start depositing TON in preparation for buying and selling, with withdrawals to start on August 9, 2024, at 10:00 (UTC). The itemizing payment for TON will likely be 0 BNB, making it accessible to customers with out extra prices.
Seed Tag Utility
As a part of the itemizing, Binance will apply a Seed Tag to Toncoin. This tag signifies that TON is an revolutionary mission which will exhibit increased volatility and dangers in comparison with different listed tokens. To commerce tokens marked with a Seed Tag, customers should cross corresponding quizzes each 90 days on the Binance Spot and/or Binance Margin platforms and settle for the Phrases of Use. These quizzes be sure that customers are conscious of the dangers related to buying and selling such tokens.
About Toncoin
Toncoin is a decentralized and open Layer 1 blockchain, created by the group utilizing know-how designed by Telegram. It goals to supply a strong platform for varied decentralized purposes and companies.
Buying and selling Restrictions
Buying and selling of the newly listed pairs will likely be topic to eligibility primarily based on the consumer’s nation or area of residence. At the moment, customers from Canada, Cuba, Crimea Area, Iran, Japan, Netherlands, North Korea, Syria, the US, and its territories, amongst different non-government-controlled areas of Ukraine, will be unable to commerce these pairs. This checklist could also be up to date periodically to mirror adjustments in authorized and regulatory necessities.
Danger Administration
Binance advises customers to train adequate danger administration and conduct their very own analysis (DYOR) earlier than buying and selling Toncoin, because it poses increased than regular dangers and is prone to expertise excessive value volatility. Customers must be conscious that digital asset costs are topic to excessive market danger and value volatility, and investments might lose worth.
For extra particulars, please discuss with the official Binance announcement.
Picture supply: Shutterstock
