Rewards

<h4>The <a href="https://www.altcoinbuzz.io/?s=ton+blockchain" target="_blank" rel="noopener">TON blockchain</a> has been on fire recently. As a result, the $TON token has made significant gains since March this year. $TON is now ranked #10 measured by market cap. So, a lot is happening in the TON ecosystem. For example, the TON Wallet offers a 50% APY on your USDT In their Wallet Earn campaign.&nbsp;</h4> 
So, let’s take a closer look at how the TON Wallet does this. 
<h5>Set Up Your Telegram or TON Wallet</h5> 
Before you start, you need to set up a Telegram or TON Wallet. Here are the steps for doing this. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Go to Telegram, and in the search box type ‘@wallet’.</li> 
 <li style="font-weight: 400;" aria-level="1">Choose the @Wallet option, as pictured below.</li> 
 <li style="font-weight: 400;" aria-level="1">Start the Bot, open the Wallet, agree and continue. Check this<a href="https://x.com/jussy_world/status/1813535717504475306" target="_blank" rel="noopener"> video on X</a> to see the whole process.</li> 
 <li style="font-weight: 400;" aria-level="1">Make sure to deposit USDT.</li> 
 <li aria-level="1">US citizens are <a href="https://wallet.helpscoutdocs.com/article/113-wallet-where-to-start" target="_blank" rel="noopener">not eligible</a> to use the TON Wallet.</li> 
</ul> 
<figure id="attachment_146885" aria-describedby="caption-attachment-146885" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-146885 size-full" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Screenshot-1-2024-07-30-130913.png" alt="TON Wallet" width="358" height="752" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Screenshot-1-2024-07-30-130913.png 358w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Screenshot-1-2024-07-30-130913-143x300.png 143w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Screenshot-1-2024-07-30-130913-200x420.png 200w" sizes="(max-width: 358px) 100vw, 358px">
 <figcaption id="caption-attachment-146885" class="wp-caption-text">
 My Telegram account
 </figcaption>
</figure> 
<h5>What Is the Wallet Earn Campaign?</h5> 
The Wallet Earn campaign offers you the opportunity to earn 50% APY in your TON Wallet. However, be aware, there are a few rules in place of what you can do and how much you can earn. So, let’s take a look at the rules of this campaign. 
<ul> 
 <li>Your deposit limit is $3,000. You can deposit any amount up to $3k.</li> 
 <li>The campaign runs between 1st May and 31st August 2024.</li> 
 <li>The total bonus pool size is 3 million $TON.</li> 
</ul> 
The breakdown of your earnings is as follows, 
<ul> 
 <li>First 2 weeks — 50% APY.</li> 
 <li>Next 2 weeks — 25% APY.</li> 
 <li>Following 2 weeks — 15% APY.</li> 
 <li>Last 2 months — 5% APY.</li> 
</ul> 
The APY is the Annual Percentage Yield. So, this means your yield is measured over a whole year. In other words, for 2 weeks, it will still be a 50% APY but measured over two weeks. Below is a picture of the formula, so you can calculate your rewards. 
<img decoding="async" class="aligncenter wp-image-146884 size-full" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/FireShot-Pro-Webpage-Capture-490-Wallet-Earn-Wallet-EN-wallet.helpscoutdocs.com_.jpg" alt="TON Wallet" width="590" height="147" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/FireShot-Pro-Webpage-Capture-490-Wallet-Earn-Wallet-EN-wallet.helpscoutdocs.com_.jpg 590w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/FireShot-Pro-Webpage-Capture-490-Wallet-Earn-Wallet-EN-wallet.helpscoutdocs.com_-300x75.jpg 300w" sizes="(max-width: 590px) 100vw, 590px"> 
Source: <a href="https://wallet.helpscoutdocs.com/article/245-wallet-earn" target="_blank" rel="noopener">Wallet Earn campaign</a> 
So, if you start on 1st August, you will receive 50% APY until 15th August. Starting from 16th August, your APY will now be 25% until 29th August. For the 30th and 31st August, you will earn 15% APY. After that, the campaign ends. Rewards are based on a calculation of the minimum deposit balance from the previous calendar day. 
To take part in the campaign, you need to transfer or deposit <a href="https://www.altcoinbuzz.io/?s=usdt" target="_blank" rel="noopener">USDT</a> to your TON wallet. Here’s a <a href="https://wallet.helpscoutdocs.com/article/12-deposits" target="_blank" rel="noopener">description</a> of how to do this. You can make deposits on both the USDT-TON and USDT TRC-20 networks. 
<figure id="attachment_146883" aria-describedby="caption-attachment-146883" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-146883 size-full" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Screenshot-3-2024-07-30-132102.png" alt="TON Wallet" width="471" height="867" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Screenshot-3-2024-07-30-132102.png 471w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Screenshot-3-2024-07-30-132102-163x300.png 163w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Screenshot-3-2024-07-30-132102-228x420.png 228w" sizes="(max-width: 471px) 100vw, 471px">
 <figcaption id="caption-attachment-146883" class="wp-caption-text">
 My Telegram account
 </figcaption>
</figure> 
<h5>Rewards</h5> 
The rewards are in $TON. Before you can withdraw the $TON rewards, you need to complete a KYC. That’s a ‘Know Your Customer’ procedure and requires a legal ID document. You can’t receive the rewards in your TON Wallet. Instead, you need a <a href="https://www.altcoinbuzz.io/?s=noncustodial+wallet" target="_blank" rel="noopener">noncustodial wallet</a> within the TON ecosystem. For example, the <a href="https://wallet.helpscoutdocs.com/article/4-ton-space" target="_blank" rel="noopener">TON Space</a> wallet. To withdraw your rewards, click ‘Claim rewards’. You need to withdraw at least 1 $TON. 
<h5>Conclusion</h5> 
During August, you can still take part in the 50% APY on USDT that the TON Wallet offers. We describe how you can take part. 
The current <a href="https://www.coingecko.com/en/coins/toncoin" target="_blank" rel="noopener">$TON price</a> is $6.66. Its market cap is $16.7 billion. There’s an unlimited supply of $TON tokens. The total supply is 5.1 billion tokens and 2.5 billion $TON circulate. 
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<h5>Disclaimer</h5> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. 
We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. 
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The post <a href="https://www.altcoinbuzz.io/product-release/earn-50-apy-on-usdt-with-ton-wallet/">Earn 50% APY on USDT With TON Wallet</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Earn 50% APY on USDT With TON Wallet

Altcoin Buzz

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