Binance revolutionizes the cryptocurrency market with TON futures

Binance, the leading cryptocurrency exchange platform, has announced the launch of TON futures contracts, the native currency of the Telegram Open Network blockchain network. Binance users will be able to trade TON with up to 50x leverage, allowing them to multiply their potential profits, but also their risks. The start of operations is planned for March 1, 2024 at 12:30 UTC.

TON is an ambitious project that aims to create a decentralized, scalable and secure platform for value exchange, communication and application hosting. TON is powered by Telegram, the popular messaging app that has more than 500 million active users. The goal of TON is to offer an alternative to social networks and centralized internet services, which according to their creators, limit the freedom and privacy of users.

The TON currency, called TON Crystal or simply TON, is used to pay for services and transactions within the network. TON has a maximum supply of 5 billion units, of which 44% was distributed among investors who participated in the initial coin offering (ICO) that took place in 2018 and 2019. The rest is reserved for development, promotion and rewards to network validators.

The TON ICO was one of the most successful in history, raising more than $1.7 billion from private investors. However, the network's launch was hampered by lawsuits and sanctions from the US Securities and Exchange Commission (SEC), which accused Telegram of selling unregistered securities. After a long legal battle, Telegram decided to abandon the project and return part of the money to the investors.

However, the TON community did not give up and decided to continue developing and launching the network independently, without the support of Telegram. Thus was born Free TON, an open source and self-governed version of TON, which was officially launched in May 2020. Since then, Free TON has been growing and improving, attracting developers, users and partners. Currently, Free TON has more than 400 validator nodes, more than 30,000 active users and more than 100 applications in operation.

The launch of TON futures on Binance is a huge boost to the adoption and recognition of this cryptocurrency, which until now could only be bought and sold on a few exchanges. Binance is the largest and most popular exchange in the world, with more than 15 million users and a daily volume of more than $20 billion. Binance offers a wide variety of cryptocurrency-related products and services, including spot trading, futures, options, leveraged tokens, staking, lending, mining, and payment.
Futures are contracts that allow buyers and sellers to agree on the price and delivery date of an asset in the future. Futures are used to speculate on the movement of asset prices, as well as to hedge against fluctuation risk. Cryptocurrency futures are contracts that are settled in cryptocurrencies or stablecoins, such as USDC, which is the case with TON futures on Binance.
Leverage is the relationship between the value of the position and the margin required to open it. Leverage allows traders to increase their exposure to the market with less initial capital. For example, with 50x leverage, a trader can open a $50,000 position with only $1,000 in margin. Leverage can amplify both profits and losses, so it involves greater risk and requires good risk management.

Binance offers its users the ability to adjust the leverage of their futures contracts based on their preferences and risk profile. The maximum leverage available for TON futures is 50x, meaning traders can multiply the value of their position by 50. However, new users with futures accounts registered less than three days ago will not be able to open positions with leverage greater than 20x, as a protective measure.

TON futures on Binance are based on the TON price index, which is calculated from TON prices on various exchanges selected by Binance. The TON price index is updated every second and is used to determine the settlement price and mark price of futures contracts. The liquidation price is the price at which a position is closed when the available margin is insufficient to maintain it. The mark price is the price at which the unrealized profit or loss of a position is calculated.

TON futures on Binance have an opening and closing fee of 0.04% for market makers and 0.06% for market takers. Market makers are those who provide liquidity to the market by placing limit orders that are not immediately executed. Market takers are those who consume market liquidity, executing market orders or limit orders that are executed immediately. Binance offers commission discounts for users who have a higher trading volume and a larger balance of BNB, Binance's native token.

TON futures on Binance are a unique opportunity for traders who want to take advantage of the potential of this cryptocurrency, which aspires to become a global platform for value exchange, communication and application hosting. TON has a large community of followers, who trust in its vision and technology. However, TON also faces many challenges and competitors, which may affect its performance and value. Therefore, traders should keep an eye on news and market analysis, and use the tools and resources offered by Binance to make informed and responsible decisions.