Binance, the world’s largest cryptocurrency exchange, has announced that it will begin spot trading of Toncoin (TON) on August 8, 2024, at 10:00 UTC. This move marks a significant shift for Toncoin, which was previously only available for futures trading on the platform.
Spot trading allows for immediate buying and selling of Toncoin, offering greater flexibility compared to futures trading, where contracts are set for future delivery. The introduction of Toncoin to the spot market is expected to enhance liquidity and market accessibility for investors.
Listings on major exchanges often boost market sentiment and can lead to increased trading activity. As Toncoin becomes accessible for spot trading, it is anticipated that its value could rise due to enhanced visibility and liquidity. The TON Report, which provides updates on the TON and Telegram ecosystems, confirmed the listing.
Binance has been actively onboarding both existing and emerging altcoin projects. The exchange’s investment arm, Binance Labs, recently welcomed four new projects into its Season 7 Incubation program, aimed at fostering innovation within the Web3 sector.
Despite the positive news, there are concerns about new Binance listings. Research indicates that 29 out of 30 projects listed in 2024 have experienced decreases in value. There are speculations about Binance providing exit liquidity for venture capitalists, which could impact the token’s value discovery. Investors should be cautious of potential volatility and a “buy the rumor, sell the news” scenario.
In anticipation of the listing, Toncoin has seen an 11% increase in value. However, investors are advised to stay vigilant as the market adjusts to the new trading opportunities.
Toncoin Price. Source:BeInCrypto
Telegram's top crypto games, Hamster Kombat (HMSTR) and Catizen (CATI), have seen their tokens drop over 50% from peak values, echoing declines in other gaming tokens like Notcoin (NOT) and Toncoin (TON). The question now is whether they can recover or face a continued decline and possible collapse.
KikyoThe first 4000 attendees will get a free ride. Subsequently, users will enjoy 50% off their rides.
XingChiAirdrop season on The Open Network is nearly here, and developers admit that demand could get the better of the Telegram-linked network.
WenJunTelegram 迷你应用程序 TADA 推出之后推出的。该应用程序允许用户直接在 Telegram 中使用 Toncoin 或 USDt-TON 预订乘车和付款，这标志着将 Web3 技术集成到日常服务中的重要一步。
WenJunX Empire is introducing pre-market trading using custom NFT vouchers for its upcoming token, allowing players to trade these vouchers on the Getgems marketplace before the official token launch. The game offers complex gameplay and minting options, with NFT vouchers costing around $36 and a 20% royalty supporting token liquidity.
AnaisThe Open Network (TON) has surpassed 1 billion transactions, driven by its integration with Telegram and a surge in activity from the DOGS airdrop token. Despite its rapid growth and high user engagement, TON faced technical issues and network disruptions due to the intense demand from DOGS transactions.
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Xu LinMore than four hours have passed since the last block was generated on the TON blockchain, and it is currently in a stagnant state.
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Xu LinTelegram founder Pavel Durov was arrested in France, exposing various legal problems existing in the Telegram platform. Binance’s listing of TON means that it has once again brought new legal risks to itself. Justin Sun and Binance’s first sister He Yi needs to find a new way out under the severe regulatory environment.
WenJunTON, Binance, How to find potential projects in the TON ecosystem after TON lands on Binance? Golden Finance, the entire open league is like a hero meeting of the TON ecosystem.
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