Binance is set to list Toncoin (TON) and open trading for four spot pairs at 10 a.m. UTC on Thursday.
The newly listed pairs are TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY, according to a statement from the crypto exchange.
Users can deposit TON to Binance in preparation for the listing, with withdrawals set to begin at 10 a.m. UTC on Friday. Binance noted that the TON listing fee is 0 BNB.
A seed tag will be applied to TON, requiring users to pass quizzes every 90 days on the Binance spot platform to access trading. These quizzes ensure users are aware of the risks associated with trading such tokens.
Binance warns that TON poses higher than normal risks and may be subject to price volatility. As such, it advises users to exercise risk management and conduct thorough research before trading.
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Users in Canada, Cuba, Crimea, Iran, Japan, the Netherlands, North Korea, Syria, the U.S., and Ukraine are not eligible to trade these pairs.
The move comes shortly after Binance hinted about possibly adding Hamster Kombat ($HMSTR) to the world’s largest digital asset ecosystem. The move, which is yet to be confirmed, generated excitement among traders and investors eagerly anticipating the airdrop and exchange listing.
Binance previously launched TON/USDT perpetual futures trading in March. The TON blockchain, which has seen rapid growth due to its close collaboration with the messaging app Telegram, claims to have 5.8 million monthly active on-chain wallets.
In February, Telegram announced ad revenue sharing, with profits split 50/50 with channel owners and paid out in TON. Tether launched its USDT stablecoin on the TON network in April, with the supply of USDT on TON quickly surpassing $500 million.
The recent surge in TON activity was driven by popular Telegram mini-games like Notcoin, Hamster Kombat, Yescoin, and Catizen.
As of August 7, the seven-day moving average of TON daily active addresses reached over 444,000, fueled by these games that allow users to earn in-game currencies potentially convertible into real token airdrops on the TON network.
However, a recent study showed that out of the 30 tokens Binance listed year to date, only one managed to stay in the green, while the rest are deep in the red.
