Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of Toncoin (TON) with the Seed Tag applied, according to Binance. Trading for the new spot pairs will commence on August 8, 2024, at 10:00 UTC.

New Spot Trading Pairs

The new spot trading pairs available for Toncoin (TON) will include TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Users can start depositing TON in preparation for trading, with withdrawals being enabled starting August 9, 2024, at 10:00 UTC. Notably, the listing fee for TON is set at 0 BNB.

What is Toncoin (TON)?

Toncoin is a decentralized and open Layer 1 blockchain created by the community using technology originally designed by Telegram. The network aims to provide a robust and scalable solution for decentralized applications and services.

Seed Tag and Associated Risks

The Seed Tag, which will be applied to TON, signifies that the token is part of a category of innovative projects that may exhibit higher volatility and risks compared to other listed tokens. Users interested in trading tokens marked with the Seed Tag are required to pass corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms to ensure they are aware of the associated risks.

Additionally, users will need to accept Binance’s Terms of Use. The Seed Tag and risk warnings will be prominently displayed on the respective trading pages and the Markets Overview page.

Geographic Restrictions

Trading of the new TON pairs is subject to eligibility based on the user’s country or region of residence. Currently, users residing in Canada, Cuba, Crimea Region, Iran, Japan, Netherlands, North Korea, Syria, the United States of America and its territories, and 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, regulatory, or other factors.

Additional Notes

Binance reminds users to conduct their own research before trading Toncoin to avoid scams and ensure the safety of their funds. They also highlight that TON is a newly listed token and may be subject to high price volatility. Therefore, users must exercise sufficient risk management and due diligence (DYOR).

For more detailed information, visit the original announcement on Binance.

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