Binance Adds Toncoin To 'Earn Locked Products', TON Price Dips

Binance announced today that it’s adding TON to Binance Simple Earn Locked Products with a potential APY of 5.9%. There’s also a promotion that runs until

Binance Adds Toncoin To ‘Earn Locked Products’, TON Price DipsBinance announced today that it’s adding TON to Binance Simple Earn Locked Products with a potential APY of 5.9%. There’s also a promotion that runs until September 23, 2024.

The promotion details, as outlined by Binance, include:

The subscription period starts on September 3, 2024, at 10:00 UTC and ends on September 23, 2024, at 09:59 UTC. Only subscriptions made within this timeframe are considered eligible.

Subscriptions are processed on a first-come, first-served basis. Users should be aware that minimum subscription amounts, maximum subscription limits, and duration requirements apply. These factors will impact the amount of APR rewards users receive.

Binance’s earning opportunities continue!$TON is now available on Binance Simple Earn Locked Products, offering up to 5.9% APR. ? The promotion runs from Sep 3 to Sep 23, 2024. Secure your spot early for the best rewards!Learn more: https://t.co/7HxjAyvzFu#TON @binance? pic.twitter.com/Al2dkAf589

The reward calculation period begins at 00:00 UTC on the day following an eligible subscription to Locked Products and continues until the end of the subscription period. Rewards are distributed daily.

This news didn’t help the TON price to pump today. In fact, Toncoin’s token dipped 4% today and 8.5% on a weekly chart and is now trading below $5 area. This decline is part of a broader crypto market downtrend observed this week.

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