Starting March 1, 2024, unrestricted Toncoin (TON) futures contracts with leverage up to 50 times will be accessible on the Binance Futures platform.
The USDⓈ-M TON agreement will commence at 12:30 (UTC). Settlements will be in USDT #stablecoin.
The minimum price movement is 0.0001, and settlements will occur every four hours.
According to the official statement, futures liquidity providers using #USDT as margin will enjoy a 0.005% discount on the maker's fee for trades in this position over a 14-15 day period.
#Binance Futures will launch the USDⓈ-M $TON Perpetual Contract at
— Binance Futures (@BinanceFutures) March 1, 2024
🗓Mar 1 2024, 12:30 (UTC).
Read more➡️https://t.co/3hYpO8Fpahpic.twitter.com/5wMWswmtNd
Furthermore, these contracts facilitate the "multi-asset" feature, enabling margin trading across various cryptocurrencies.
Following this announcement, the Toncoin (#TON) value surged by over 9%. As of now, the coin is valued at $2.75:
It is worth noting that previously, we highlighted #Telegram's intention to redistribute advertising earnings by compensating channel administrators in Toncoin.
Simultaneously, the developers intend to distribute a majority of the coins to long-term holders to bolster the project's decentralization.
