 on Simple Earn with up to 5.9% APR during a promotion from September 3 to 23, 2024. The offer operates on a first-come, first-served basis with flexible early redemption options, but users must be mindful of potential market-related risks.){kind=link}
Earlier today, Binance, one of the world’s leading cryptocurrency exchanges, announced the addition of Toncoin (TON) to its Simple Earn Locked Products.
The promotion offers up to 5.9% Annual Percentage Rate (APR) rewards for users who complete subscriptions during the promotional period.Â
The promotion starts on September 3, 2024, at 10:00 AM UTC and will run until September 23, 2024, at 9:59 AM UTC. Participants will have the opportunity to lock in their TON tokens and earn rewards daily, depending on their subscription details.
Binance’s Important Development on Toncoin
Due to the offer’s first-come, first-served policy, early participation is essential. Users have to abide by several regulations, which affect the APR they may get. These regulations include minimum subscription quantities, maximum restrictions, and duration limitations.
The day the subscription is locked marks the start of the reward computation, which lasts until the end of the subscription term. Binance ensures a consistent profit stream for participants by distributing these prizes daily.
To begin, customers have two options. Buy TON on the Binance Spot Market or use the ‘Buy Crypto’ tool, which accepts several payment methods, such as wallet balances, Apple Pay, Google Pay, Visa, and Mastercard. Transferring current TON straight into their Binance accounts is another choice.
Once TON is in their account, customers must search for TON, choose the length of their subscription, and lock in their TON tokens by visiting Binance’s ‘Earn’ section. The process of collecting daily rewards, which might go as high as 5.9% APR, begins with this step.
Flexibility with Early Redemptions
Binance provides a flexible early redemption option for users who might need to withdraw their assets before the subscription period expires. When a user requests an early redemption, their assets usually return to their Spot Accounts in less than 72 hours, Binance confirmed.
Binance cautions that certain events, such as severe market volatility or network failures, may cause this procedure to take longer than expected. Users are advised to exercise caution when locking up their assets because market conditions are subject to sudden changes.
The TON protocol team’s donations, which are funding these benefits to promote participation, enable the high APR on TON Locked Products. But Binance has made it clear that several outside variables, like as network and market problems, may affect early redemptions and any delays. Before investing money in these restricted goods, customers are advised to carefully weigh the risks, just like they should with any cryptocurrency.
The Risks that Users Need to Know
The campaign draws attention to Binance’s continuous initiatives to broaden its product offerings and reward customers with sponsored prizes, giving cryptocurrency owners additional chances to increase their holdings.
Although there are some exciting prizes associated with the TON Locked Products program, prospective participants are advised to carefully consider the terms and dangers involved. During this brief offer, being proactive with when they subscribe could have a big impact on their profits.