Binance has announced the 56th project on Binance Launchpool: Toncoin (TON), a decentralized and open Layer-1 blockchain. The dedicated webpage for Toncoin is expected to be available within 24 hours, just before the Launchpool begins.Toncoin (TON) Launchpool OverviewStarting from August 15, 2024, at 00:00 UTC, users will have the opportunity to stake their BNB and FDUSD into separate pools to farm TON tokens over a 20-day period. This is a great chance for users to earn TON by participating in the Launchpool.In addition, Binance is launching Binance Super Earn, a new initiative that allows users to earn a Special APR with selected newly listed tokens right after they are listed. Users can lock their TON in Simple Earn Locked Products to benefit from this Special APR.Toncoin (TON) Launchpool DetailsToken Name: Toncoin (TON)Current Total Token Supply: 5,110,422,426 TONLaunchpool Token Rewards: 7,650,000 TONToncoin Network Explorer: tonviewer.com, tonscan.org, tonscan.comStaking TermsKYC Requirement: Users must complete KYC verification to participate.Hourly Hard Cap per User:1,354.68 TON in the BNB pool239.06 TON in the FDUSD pool

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Binance announces the 56th project on Binance Launchpool - Toncoin $TON a decentralized and open L1 blockchain. The webpage is expected to be available 24 hours before Launchpool starts.
Users will be able to stake their BNB and FDUSD into a separate pool to mine TON tokens for twenty days, with the farming period starting from August 15, 2024 at 00:00 (UTC).
Binance also introduced Binance Super Earn, a new way for users to earn Special APR on newly listed tokens as soon as they are listed. Users can lock TON in the Simple Earn Locked product to enjoy this Special APR.

1. Project Overview
The Open Network (TON) is a decentralized and open internet platform composed of several key components, with the TON Blockchain serving as the core protocol that connects TON's underlying infrastructure to form the greater TON Ecosystem. TON is focused on achieving widespread cross-chain interoperability within a highly scalable and secure framework, designed to process millions of transactions per second (TPS) with the goal of eventually reaching hundreds of millions of users.
Functioning as a distributed supercomputer or "superserver," the TON Blockchain aims to provide a variety of products and services that contribute to the development of a decentralized vision for the new internet.

2. Token Information
Token Name: Toncoin ($TON )Token Type: NativeTotal Supply: 5,110,422,426 Max Supply: ∞Current Circulating Supply: 2,518,269,894
3. Network Core Components
TON PaymentsTON ServiceTON DNSTON StorageTON SitesTON Proxy
4. Token Utility
TON network validators rewardStakes to be eligible to validate transactions and generate new blocks and coinsPayment for services built on the TON platform (TON Services )Payment for storing data in the decentralized network (TON Storage)Payment for registering blockchain-based domain names (TON DNS)Payment for secure and private internet browsing (TON Proxy)
#BinanceLaunchpoolTON #Launchpool‬ #layer1 #TheOpenNetwork

#Binance's URL has been unblocked in #India after the exchange registered with the Financial Intelligence Unit (FIU) and paid a fine.
The Binance website has now been fully restored and the URL is now accessible to all Indian users. The exchange had faced regulatory issues in India resulting to various stringent actions taken. However, amid various fines settlements, the exchange is now gaining footing in the Indian market.
Binance URL Now Fully Accessible
Binance, one of the top crypto exchanges, has now achieved a milestone in the Indian market as its URL gets unblocked and accessible to users in that region. The URL unblocking follows its registration with the Financial Intelligence Unit (FIU) and payment of a substantial fine.
The crypto exchange had earlier paid a fine of over $2.25 million for previous non-compliance with Indian regulations. The fine was imposed due to their failure to adhere to India’s anti-money laundering regulations. According to the FIU, the exchange had been carrying out its operations within the country without proper registration and had not complied with local AML requirements.
Previously, the Indian government made a clear declaration of their stance against offshore crypto exchanges, blocking the URLs of nine platforms, which included Binance, OKX, and KuCoin. However, the titan exchanges’ compliance with regulatory demands and payment of the fine has led to the restoration of its services in India.
This move has the potential to open doors for other crypto exchanges to follow suit and comply with local regulations, as few have already started showing compliance. The growing importance of regulatory compliance in the global crypto market has gained more traction. While Indian users now get access to to the URL, it remains to be seen how this will impact the local crypto trading scene, as this is a new milestone attained for its Indian user base.
India Tax Bill On Binance
Most recently, the Indian government issued a substantial tax bill to Binance. The Ahmedabad unit of the Directorate General of GST Intelligence issued this bill to the exchange, demanding a payment of $86,033,159 in Goods and Services Tax.
The tax recovery notice alleges that the exchange received certain fees from Indian customers trading virtual digital assets on their platform without going through the proper channels by registering under India’s GST framework. This action showcased India’s ongoing efforts to bring cryptocurrency operations under its tax regulations.
#BinanceLaunchpoolTON #MarketDownturn #CryptoMarketMoves