Toncoin will be listed on Huobi Global as part of an expanded collaboration
The Open Network (TON) and Huobi Global have announced an expanded collaboration that will cover a number of areas. As part of this collaboration, the cryptocurrency exchange has announced that it will list Toncoin, the native cryptocurrency of the TON ecosystem.
The cryptocurrency will be available for trading on September 7, 2022 in the TON/USDT pair on the spot trading platform. TON deposits were officially opened on September 5 and withdrawals will open on September 8, 24 hours after the coin becomes available for listing.
This expanded collaboration will also see 1 million TON tokens held as part of a marketing campaign budget. It will go towards marketing events, airdrops, trade contests and staking with up to 300% APY.
Lily Zhang, CFO of Huobi Global, had this to say about the collaboration; “By leveraging its mass-market friendly products, TON has the potential to become one of the most promising Layer 1 blockchains that could bring hundreds of millions of Web 2.0 users to the world of cryptography.With the integration of the TON mainnet, Huobi is well equipped to support promising projects built in the TON ecosystem.
One important thing to note about the expanded collaboration is that it doesn’t stop at Toncoin listing. He will further focus on expanding the opportunities present in the Web3 space, which will include supporting businesses and developers building Web3, incubating and providing investment to Web3 projects, and implementing technologies and products on The Open Network.
“We are delighted that Huobi Global will now support the TON mainnet. We look forward to actively supporting the TON ecosystem together,” said Steve Yun, founding member of TON Foundation.
About TON Blockchain
The Open Network (TON) is behind the famous robot @wallet Telegram. It is the first and only Telegram bot that allows users to send cryptocurrency to each other through a decentralized peer-to-peer system. TON was originally developed by the Durov brothers, the founders of Telegram, but later handed the project over to the TON community, which has since overseen its development.
Toncoin is the native cryptocurrency of the TON ecosystem, and users can easily send Toncoin to each other on Telegram using the @wallet bot. The project is run by the TON Foundation, a non-commercial group of supporters and contributors/developers.
The TON Foundation recently announced the launch of the @wallet bot on Telegram which allows users to buy, sell and store Toncoin. Transactions are cheap and lightning-fast, and the blockchain is user-friendly and fully scalable. There are currently over 1 million active Toncoin wallets, with operational revenue of $5 million recorded in the last quarter.
About Huobi Global
Huobi Global is the 9th largest crypto exchange by trading volume and the leading cryptocurrency exchange in the Asian market. The company has always provided reliable services in the digital asset space that cover spot and derivatives trading, crypto lending and yield products, and crypto staking, among others.
It holds compliance licenses in a total of 12 counties, such as the United States, Japan, Thailand, and Gibraltar. The company was founded in China in 2013 and is currently based in the Seychelles, with offices in the United States, Japan, South Korea and Hong Kong.
The crypto exchange sees over $500 million in daily trading volume and has been able to build an impressive suite of crypto platforms and suites. Some examples are Huobi Capital, the investment arm of the company, Huobi DeFi Labs, which is a DeFi ecosystem development platform, and HECO Chain, an eco-friendly and developer-friendly blockchain, etc. .