The cryptocurrency market continues to follow a volatile course. The leading crypto Bitcoin cannot manage to stay above $ 60,000. There is a mixed outlook in the altcoin market. Although there is uncertainty in the market, exchanges and projects are taking firm steps forward. Binance, the world’s largest cryptocurrency exchange, selected Toncoin as its 56th Launchpool project.
Binance announced the 56th Launchpool project: Toncoin (TON)
Binance, the giant crypto exchange, has launched Toncoin (TON) as its 56th Launchpool project. Users will have the opportunity to stake their BNB and FDUSD in separate pools for 20 days from August 15, 2024 to earn TON tokens. In addition, the exchange has also launched a new feature called Binance Super Earn, which allows users to earn a special annual percentage rate (APR) on certain newly listed tokens immediately after listing. For this special APR, users can lock their TON tokens in Simple Earn Locked Products. In this context, Binance made the following statement:
Binance is excited to announce the 56th project of Toncoin (TON), a decentralized and open L1 Blockchain, on Binance Launchpool. It is estimated that the webpage will be available within 24 hours before Launchpool launches. Users will be able to stake their BNB and FDUSD in separate pools for farming TON tokens for twenty days, starting at 03:00 on 08/15/2024.
Binance is also excited to announce Binance Super Earn, a new way for users to earn Special APR with certain newly listed tokens immediately after listing. Users can lock TON to Simple Earn Locked Products to enjoy Special APR.
Cryptocurrency exchange delisted 6 tokens!
As you have been following from Kriptokoin.com, Binance has decided to delist PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF) and VGX Token (VGX). In this context, the exchange will delist these tokens on August 26. The exchange stated that these tokens no longer “meet its standards or that the industry environment has changed.” PowerPool responded to the delisting, calling the decision “completely unexpected.” The team also claims that Binance “did not provide any information about CVP’s delisting. Thus, PowerPool underscored its efforts to expand its reach and user adoption.
Protocol said that it provided detailed reports to the Binance post-listing team after the exchange sought to learn about PowerPool’s activities. However, the exchange did not provide any feedback on the same and announced the removal of the CVP token from its platform. The protocol sought the help of the digital asset industry to raise its voice against Binance. It also emphasized that it was wrong for the exchange to delist CVP despite the token being liquid and having a significant amount of funding.
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