The Toncoin Staking Exchange Traded Product (ETP) is 21Shares‘ the latest offering, and it is meant to change the way people stake their coins. This latest product, which is listed on the prestigious SIX Swiss Exchange under the ticker TONN, is meant to provide it easy for investors to get into the staking environment while also offering them major rewards.
“Investors can now enjoy the benefits of staking Toncoin while leveraging the liquidity and convenience of traditional financial markets.”21Shares press release
In a news release released today, 21Shares talked about how the Toncoin Staking ETP will change the market. Staking is now easy for investors to do, and they can enjoy the benefits of passive income generation. The ETP is currently garnering a close attention, with a remarkable $25 million invested in it. The management fee is 2.5% per year, though, which buyers should be aware of.
Toncoin (TON) Price Dips Amid Excitement
Toncoin (TON) prices dropped down slightly after the launch, even though everyone was excited about it. The most recent trade data shows that the asset is now worth $4.96, which is a modest decline of 2.4% in the last 24 hours. TON is still going up, with a commendable 19% increase in the last week and a remarkable 126% rise in the last month.
Toncoin’s resilient success in the market is due in part to its recent initiatives. Cryptocurrency has made a number of strategic moves since February to bolster its ecosystem. Giving away 30 million TON to users who take part in ecosystem projects is a significant sign of Toncoin’s dedication to expansion and community involvement.
Earlier this month, when perpetual futures were first introduced on the renowned Binance market, TON gained an abundance of credibility. Trading with TON and other cryptocurrencies has become easier thanks to these contracts, which offer up to 50x leverage and a “multi-asset” mode.
