Bittime - 21Shares, a leading exchange-traded product (ETP) issuer, marks an important milestone in the evolution of blockchain investing with the launch of the 21Shares Toncoin Staking ETP (TONN). This innovative ETP opens the gates for investors to capitalize on the growth of The Open Network, a decentralized platform that powers apps like Telegram with a user base of over 900 million in Q1 2024.
Easy Access to TON Staking and Performance
Trading on the SIX Swiss Exchange from March 27, 21Shares Toncoin Staking ETP offers a leading solution for investors who want to engage in TON staking and benefit from its growth. This ETP:
- Backed by 100% Physical Assets: TONN tracks TON performance live, providing investors with transparent and accurate price exposure.
- Leverage Staking Rewards: ETP automatically captures and reinvests TON staking rewards, increasing investors' long-term growth potential.
- Eliminating Staking Complexity: No need for investors to manage their own nodes, ETP simplifies the staking process and makes it easily accessible.
- Regulated and Secure: ETPs are registered and supervised, providing higher security and transparency compared to investing on unregulated crypto exchanges.
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Statement by 21Shares Co-Founder & President, Ophelia Snyder
“21Shares Toncoin Staking ETP opens new horizons for investors, providing easy access to staking rewards in the blockchain ecosystem . We are committed to empowering investors with innovative products like the Toncoin Staking ETP, and affirm our dedication to driving the evolution of blockchain investment opportunities.”
TON and The Open Network's Strong Momentum
The launch of this ETP is in line with the strong momentum of TON and The Open Network. Recently, TON hit a new high of $5.6, indicating increasing investor confidence. The Open Network continues to grow, attracting new partners and launching innovative features, such as self-custodial wallets on the TON network.
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Important Considerations for Investors
Although ETPs offer attractive opportunities, investors need to consider several factors:
- Price Risk: The value of TON can fluctuate significantly, and investors should be prepared for potential price declines.
- Costs: ETP has a total expense ratio (TER) of 2.50%, which is the annual cost of managing it.
- Market Understanding: Investors must understand how staking and ETP work before investing.
Conclusion
21Shares Toncoin Staking ETP presents an innovative solution for investors looking to gain exposure to The Open Network and TON blockchain. This ETP offers easy access to staking rewards, security, and transparency, making it an attractive option for investors who want to get involved in blockchain evolution.
About 21Shares
21Shares is a leading ETP issuer focused on digital assets. Founded in 2018, 21Shares offers a variety of ETPs that allow investors to gain exposure to a variety of crypto assets, including Bitcoin, Ethereum, and Litecoin.
About Toncoin and The Open Network
Toncoin is the native token of The Open Network, a decentralized blockchain that powers a variety of applications, including Telegram. The Open Network offers scalable and secure solutions for a variety of use cases, such as decentralized finance (DeFi), digital identity, and data storage.
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How to Buy Tether (USDT) on Bittime
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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