Binance Introduces Toncoin (TON) to Simple Earn Products

Binance has announced the addition of Toncoin (TON) to its Simple Earn locked products, offering up to 5.9% APR.

Starting September 3, users can lock TON in Binance’s Simple Earn for varying durations to earn interest. Subscriptions are open until September 23, with rewards distributed daily. The available options are:

• 30-Day Lock: Earns 1.20% APR normally, and 2.59% during the promotion. Minimum: 0.1 TON; Maximum: 50,000 TON.
• 60-Day Lock: Offers 1.90% APR normally, and 3.9% during the promotion. Minimum: 0.1 TON; Maximum: 20,000 TON.
• 90-Day Lock: Provides 3.90% APR normally, and 5.9% during the promotion. Minimum: 0.1 TON; Maximum: 200 TON.

This move highlights Binance’s commitment to expanding its product offerings despite ongoing legal scrutiny faced by Telegram, including investigations in France and South Korea over content issues.