After waiting for a couple of months, Binance has announced another project on Launchpool. This is about a very popular blockchain project, and it's called Ton Coin. It's a quite popular blockchain network as of now because of tap to earn gaming projects. All these projects are built on Telegram applications where the blockchain used is this one and this is why this platform is getting more attention. The TON coin is also listed on the Binance Exchange recently and the token price is also pretty good in the market. Ton is the name of the coin for this blockchain network, and I believe that the demand for this token is going to increase once airdrops start from these taps to earn projects. And so far, the airdrop has not been started for even a leading project known as Hamster Combat however it is anticipated that this month it will happen and if it happens then probably the demand for the token will grow in the market as it will be used as a gas fee.
The project is already live with the farming for 21 days and as of now, it's less than 20 days as per IST timings. I had BNB on and it's a good thing that now the launch pool picks up whatever amount of BNB you put there, and the entire valence will be used for farming in the bnb pool. Earlier they were used to an option to stake earlier so that we don't miss the farming reward, but this one is an even better option I would say.
There are two poles including BNB and FDUSD pool and ration of 80:20 ratio.
This is the daily reward distribution for both pools as you can see below in table format-
I would say that it's always good to participate in this programme if you are holding the required tokens in the exchange wallet because there is no risk in the investment. I'm not asking anyone to move the funds in the exchange wallet to participate because maybe there are people who don't like keeping their funds in the exchange wallet as they lose their self-custody. But if in case you are the one who can point trading on the exchange and keep those tokens as well then it's better to participate because, in the time of three weeks, you should be able to accumulate some free tokens. This time it is a great thing because the listing is already done so we know what is the price for a ton coin in the market.
In previous projects, we had no idea about the price because the listing was happening later but I believe this is the first project where the listing has already been done and we can see the token price in the market.
Here I have shared the price chart for the coin where you can see that the current price is 6.6 dollars and this is a nice price. I feel like this blockchain is going to grow even more and whatever coin I will earn through the farming I will not be selling immediately because of the blockchain potential. I anticipate that this token price will appreciate more especially when the bull cycle starts so now I'm getting the opportunity to earn some tokens, and I would prefer to keep them for better profitability.
If you have never participated in the launch pool but you only required tokens then I suggest you check out more about it on the exchange website and participate if possible. It's not financial advice that I share here hence do it only when you feel like but I believe this is one of the risk-free investments because after the farming ends you will get the same token with the same quantity. If you keep your token in the flexible then there will be no change on your coins and all the tokens that you put over there are considered for the forming as well. The exchange is also going to introduce TON Super Earn and as part of this, they will excellently the amount of APR for a limited period whoever stakes their ton coins. I am thinking of participating in that as well because my plan is not to sell the token immediately and it's because I believe in the blockchain as it looks full of potential.
Here is the link for the official announcement published by the exchange that you can go through for more details-
Thank you
