Key Points
- Binance will list Toncoin (TON) later today.
- The new spot trading pairs are TON/BTC, TON/USDC, TON/FDUSD, and TON/TRY.
In an official announcement, Binance revealed that it will list Toncoin (TON) today at 10:00 (UTC). The exchange will open trading for the following spot trading pairs:
- TON/BTC
- TON/USDC
- TON/FDUSD
- TON/TRY
According to the official announcement, users can start depositing TON in preparation for trading. Withdrawals will open tomorrow, August 9, at 10:00 (UTC).
Binance also revealed that the TON listing fee is 0 BNB.
Binance will list @ton_blockchain $TON with Seed Tag applied.
Details here 👉 https://t.co/q4pmNujPmp pic.twitter.com/9ZTFAA2fq8
— Binance (@binance) August 8, 2024
Additional Information
Binance highlighted that TRY is a fiat currency and does not represent any other digital currencies.
Also, the withdrawal open time is an estimated one for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.
For users who are running Spot Copy Trading portfolios, pairs can be included by enabling them in the Personal Pair Preference section of the Spot Copy Trading settings.
Toncoin (TON) With Seed Tag Applied
Toncoin is a decentralized and open L1 blockchain created by the community using a technology designed by Telegram.
Binance also shared a reminder saying that TON is a newly listed token that poses a higher-than-normal risk and will likely be subject to high price volatility. This is why it will have the Seed Tag applied.
Users will have to exercise sufficient risk management and do their own research to fully understand the project before choosing to trade the token.
Seed Tags are innovative projects that may exhibit higher volatility and risks compared to other listed tokens.
Binance noted that to gain access to tokens marked with a Seed tag, users will have to pass the corresponding quizzes every 90 days on the Binance Spot/Binance Margin platforms and accept the Terms of Use.
These quizzes are created to make sure that users are aware of the risks involved with the tokens before trading them.
