Hipo is now live on Mainnet and is celebrating with a unique NFT campaign
Hipo, a liquid staking protocol on TON with roots in esteemed TON Community projects like DoraHacks and Hack-a-TONx, has successfully launched on Mainnet, achieving $1.5 million in Total Value Locked (TVL) just a few days after launch.
Hipo offers users the ability to stake Toncoin and receive hTON in return. hTON tokens represent your stake and can be used within the DeFi ecosystem while still earning rewards. Fully open source, Hipo prioritizes transparency and user safety, having successfully passed rigorous security audits.
Hipo aims to elevate liquid staking on TON, setting a new standard in competition. Additionally, they have independently developed high-quality FunC smart contracts to showcase their commitment and resilience to the TON Community. Also, as they strongly believe in community-driven growth, they have already rewarded contributors with 1% of their governance token for reaching the first $1 million in TVL.
To celebrate their Mainnet launch, Hipo has introduced an exclusive "99 Hipo Hard Rock" NFT collection and will reward 99 lucky users with unique NFTs. These NFTs could potentially airdrop Hipo governance tokens in the future.
Read more about the "99 Hipo Hard Rock" NFT here and join the challenge here.
Tap Fantasy launches on TON
Tap Fantasy, the pioneering large-scale ACG MMORPG, is now live on TON.
Tap Fantasy's integration into the TON Ecosystem is notable for several reasons:
▪️ It received a grant from the TON Foundation, highlighting its potential.
▪️ First project to launch an IDO on TonUp and the game's token, MC, sold out in just thirty minutes.
▪️ MC token is now listed on Megaton and STON.fi, ranking fourth in Total Value Locked (TVL) across the TON Ecosystem.
▪️ Its NFT presale was fully claimed in one minute and it is now available on Getgems.
The game represents more than just a new feature in the ecosystem; it's a driving force for its expansion and development. With its strong user spending capabilities and high retention rates, Tap Fantasy is expected to increase the number of on-chain interactions and attract new users to TON. The transition of its substantial existing user base of 730,000 into the TON Ecosystem is a major step towards wider adoption.
Launch campaign
To celebrate this milestone, there is a launch campaign offering 101,000 MC and 12,000 Toncoin to players on TON. Additionally, the campaign includes a referral program where inviting friends can earn players up to a 35% rebate.
Embark on your Tap Fantasy adventure today via the Tap Fantasy Game Bot.
TON Community Weekly Digest
Here's a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered accounts on TON grew from 3,744,245 to 3,779,639 (+1%) between November 13 and November 19, 2023.
Ecosystem News:
▪️ Wallet partnered with STON.fi to introduce a new swap feature, bringing DeFi closer to Telegram's 800 million users. Wallet users can now seamlessly swap Toncoin and other jettons directly within TON Space. Read more here.
▪️ Certik published a blog explaining how they verified TON’s remarkable TPS world record. Read more here.
▪️ TON Society hosted a side event titled "TON x Telegram: The power of mass adoption" as part of Devconnect 2023 in Istanbul. Read more here.
▪️ Megaton Finance launched its $MEGA Staking Program, featuring an eight-level tier system, offering various benefits and rewards to participants. Read more here.
Subscribe and be the first to receive updates from the TON Ecosystem.
Swaps now available in TON Space with STON.fi collaboration
In collaboration with STON.fi, a leading TON-based DEX, TON Space has introduced a new swap feature. This integration marks a pivotal step in making DeFi more accessible within Telegram.
Here's what TON Space users can now explore:
▪️ Users can now directly engage in jetton swaps within TON Space, without leaving Telegram.
▪️ Detailed insights into each transaction, including transaction rates, slippage, and price impact.
▪️ Access to a comprehensive set of jettons available from STON.fi pools.
Additionally, STON.fi is introducing the Omniston protocol, aimed at eliminating slippage and other disadvantages of AMM pools through the RFQ (Request for Quote) system.
Omniston's goal extends beyond merely providing swap opportunities and aggregating liquidity from various DEXs. It seeks to bridge the gap between unique blockchain projects and Telegram's vast user base, enhancing the TON-based Web3 ecosystem within the messenger.
For the latest updates and developments, join @Wallet_news and @stonfidex.
TON Community Weekly Digest
Here's a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered accounts on TON grew from 3,700,168 to 3,744,245 (+1.2%) between November 6 and November 12, 2023.
Ecosystem News:
▪️ The Gateway, TON’s first in-person conference in Dubai, has successfully concluded with a wealth of valuable insights and significant announcements. You can relive the event by watching Day 1 and Day 2 livestreams.
▪️ bemo and Megaton Finance launched the first farming strategy in TON DeFi. Users depositing TON into bemo's pool receive stTON tokens, allowing them to provide liquidity on Megaton DEX and earn rewards. Read more here.
▪️ The Gateway announced Tonscan.com, developed by Bastion, as its second Diamond sponsor. Read more here.
▪️ Bybit, Golden sponsor at the Gateway, teamed up with TON to launch the TON Odyssey event. Users can earn up to 5.5 TON and stake TON for a 20% APR till December 7, 2023. Read more here.
▪️ TON Community needs your boosts to activate Telegram’s new Stories feature. Give TON Community a boost here.
▪️ The Gateway introduced its Silver sponsors, TonUp and Alibaba Cloud. Read more here.
▪️ The Gateway announced two more Golden sponsors, KuCoin and MEXC Ventures. Read more here.
Subscribe and be the first to receive updates from the TON Ecosystem.
The Gateway’s Silver sponsors
The Gateway is proud to introduce its Silver sponsors, TonUp and Alibaba Cloud.
TonUp
TonUp is the premier launchpad for TON, dedicated to discovering and nurturing promising projects within the ecosystem. Supported by TON Foundation, TONcoin.Fund, Foresight X, AC Capital, and Waterdrip, it's a pivotal platform in the TON Ecosystem.
TonUp excels through its rigorous project selection, focusing on economic models, team expertise, and community engagement. Its Community Protection Plan (CPP) safeguards community interests, and the integration of DEX features into its launchpad enhances the user experience. Committed to inclusivity, TonUp plans to introduce permissionless pool creation. Learn more about TonUp here.
Alibaba Cloud
As the leading cloud services provider in the Asia Pacific, Alibaba Cloud is facilitating the growth of the TON-based Web3 ecosystem with robust, scalable, and secure cloud services. It is supporting innovation by empowering developers with the necessary tools for building user-centric applications.
Alibaba Cloud’s suite of services includes elastic computing, database solutions, network virtualization, storage and large-scale computing among others. To find out more about its services, visit this website.
The Gateway conference is taking place tomorrow in Dubai. Join us through the livestream for exclusive insights.
TON giveaway and exclusive staking opportunities
Bybit, the third most visited crypto exchange globally and Golden sponsor at the Gateway, has joined forces with The Open Network to launch the TON Odyssey event, aiming to put crypto in every pocket.
TON Odyssey, set to unfold from November 8 to December 7, 2023, introduces a unique opportunity to earn and stake TON, offering significant rewards for both new and existing users.
New Bybit users can earn up to 5.5 TON by following these steps:
▪️ Enable their @Wallet on Telegram
▪️ Sign up for a Bybit account
▪️ Deposit a minimum of $100 within seven days of registration
▪️ Submit their Wallet details
A reward of 5 TON awaits the first 25,000 eligible participants in their Bybit account, plus an extra 0.5 TON in their Telegram Wallet.
Existing Bybit users also have the opportunity to get 0.5 TON by setting up their @Wallet on Telegram and submitting their details. This is also available to the first 25,000 eligible participants on a first-come, first-served basis.
Staking opportunities with Bybit
Bybit presents an exclusive staking opportunity with a 20% APR on TON. New Bybit users who make their first deposit after November 6, 2023, can engage in this 7-day Fixed Savings product by staking a minimum of 50 TON and up to a maximum of 4,500 TON.
To take part in the Bybit x TON Odyssey event, visit this page for all the details.
bemo and Megaton Finance unveiled the first farming strategy in TON DeFi
bemo, the first liquid staking protocol on TON, and Megaton Finance, one of the leading AMM-based DEXs on TON, have joined forces to elevate the TON Ecosystem, enhance liquidity, and unlock new DeFi opportunities.
Users depositing TON into bemo's pool receive stTON tokens, representing their share. These stTON tokens can be utilized across any DeFi service without the need to unstake, offering greater flexibility.
The first farming strategy in TON DeFi
As an stTON holder, there's now an opportunity to offer liquidity to the stTON/WTON pools on Megaton DEX and enjoy multiple benefits:
▪️ Receive bemo staking rewards
▪️ Earn trading fees from Megaton
▪️ Accumulate $MEGA incentives
▪️ Gain stXP points from bemo booster
For the latest updates and in-depth insights on this farming strategy, join Megaton’s and bemo’s official Telegram channels.
The Gateway conference updates
The countdown is on for TON’s premier event, the Gateway, taking place in Dubai on November 10-11, 2023, at Le Meridien Dubai Hotel & Conference Centre.
Visit the conference website to:
▪️ Access the full event schedule and plan your visit.
▪️ Find your way around with the venue map.
▪️ Discover side events organized by the TON Community.
A limited number of tickets are still available. Secure your spot now on:
▪️ TON Diamonds
▪️ Getgems
For those who cannot join us in Dubai, experience the Gateway conference through our livestream and don't miss a moment.
For more event details, read our previous post and visit the official website.
TON is officially the world’s fastest blockchain
On October 31, 2023, TON set a new world record by achieving an impressive peak of 104,715 transactions per second, completing a total of 107,652,545 transactions within 25 minutes during its first public performance test.
Validated and confirmed by @CertiKCommunity, this performance establishes TON as the world's fastest and most scalable blockchain, surpassing the processing speeds of all L1 blockchains and renowned centralized payment networks such as PayPal, Visa, and Mastercard.
The key to TON's exceptional performance is its unique architecture featuring horizontal sharding. This design significantly increases transaction throughput while also enhancing decentralization and security. Learn more about the architecture behind TON here.
This record highlights TON's potential and capabilities for supporting a TON-based Web3 ecosystem in Telegram, transforming the messenger into a global decentralized SuperApp, and putting crypto in every pocket.
Watch the recording of the public performance test here. For deeper insights into TON's monumental achievement, read this blog post.
TONcoin.Fund invests in Fanton Fantasy Football
Fanton offers a fantasy football game with more than 400,000 registered users, seamlessly integrated with TON and Telegram, tapping into the messenger’s vast 800 million user base.
Highlighting its journey, Fanton Fantasy Football has achieved three major milestones:
▪️ Secured a strategic investment from TONcoin.Fund.
▪️ Earned the "Product of the day" award on Product Hunt, standing out as the first TON-native project to make its debut there.
▪️ Teamed up with the Cointelegraph Accelerator where they've invested $200,000 in Fanton’s token, $FNTF. Read more here.
Fanton's alignment with the TON Ecosystem is strategic and mutually beneficial. Introducing the captivating world of fantasy football into TON Blockchain’s landscape will result in a surge in user engagement, increased visibility, and fostering transactions within The Open Network.
The alliance with the Cointelegraph Accelerator is a testament to Fanton's commitment to blockchain innovation. It not only solidifies TON's position as a hub for pioneering projects but, with the support from TONcoin.Fund, is set to elevate the TON Ecosystem to unprecedented heights.
To dive deeper into Fanton’s journey and milestones, visit their page on Product Hunt.
Storm Trade is live on Mainnet
Storm Trade Mainnet has officially been launched, aiming to elevate TON’s DeFi landscape. Supported by TONcoin.Fund and incubated by Tonstarter, it is the first TON-based DEX offering leverage trading, with futures trading available through its web app and Telegram Web App.
Currently, traders can engage with three key markets: TON, BTC, and ETH, all seamlessly paired with jUSDT. Moreover, users can benefit from the "Eye of the Storm" pre-TGE rewards program. By providing liquidity and trading, they can earn Reward Points among other incentives.
Storm Trade seeks to enhance the TON Ecosystem by attracting a broad user base. It is especially geared towards enriching TON's DeFi capabilities for both traders and scalpers. The integration of jUSDT further solidifies the functionality of the stablecoin’s role within The Open Network.
Begin your Storm Trade adventure at storm.tg. Share experiences and join the community at @storm_trade_fam.
The Gateway's first Diamond sponsor
The Gateway proudly presents its Diamond sponsor, Orbs. Orbs is a L3 public blockchain infrastructure project powered by PoS, pioneering on-chain innovation since 2017.
Orbs is a separate execution layer between L1/L2 solutions and the application layer, as part of a tiered blockchain stack, enhancing the capabilities of smart contracts and powering protocols.
Tal Kol, CTO of Orbs and TON Ambassador, will share insights at the Gateway. He has significantly contributed to the ecosystem by developing TON Vote, TON Access, and TON Verifier.
TON Access
This decentralized RPC API provider allows any dApp user unrestricted access to the chain. TON Access offers developers a seamless integration experience, enabling them to embed it into their web clients in just five minutes.
TON Vote
TON Vote emerges as the ecosystem's leading no-code governance tool. It serves as a space where TON Foundation, alongside major token and NFT communities, can conduct decentralized votes on proposals.
TON Contract Verifier
The TON Contract Verifier is dedicated to publishing the source code of FunC and Tact smart contracts. It leverages Orbs technology to ensure decentralized source code verification.
On the EVM side, Orbs is trailblazing DEX innovation with dLIMIT, dTWAP, and Liquidity Hub.
For more information on the Gateway, visit the official event website.
TON Community Weekly Digest
Here's a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered accounts on TON grew from 3,558,192 to 3,595,604 (+1%) between October 16 and October 22, 2023.
Ecosystem News:
▪️ TON Community is invited to organize side events for the Gateway. Side events will be featured on the official website, offering an opportunity for recognition within the TON Community. Read more here.
▪️ GameFi.org integrated with TON and joined the TON Gaming Alliance. Fanton is the first TON project to be listed on GameFi.org Game Hub. Read more here.
▪️ Blockchain.com listed Toncoin (TON) and started working with TON Foundation to make crypto more accessible. Read more here.
▪️ The agenda for the Gateway conference was unveiled, focusing on TON's mission to put crypto in every pocket and its vision as a Web3 gateway for the Telegram community. Limited tickets available. Read more here.
▪️ Delving deeper into the TONxTelegram initiative announced last month, we explored how a Web3 ecosystem in Telegram is being built with Toncoin. Read more here.
▪️ We dived into the architecture behind TON. Don't miss TON’s upcoming attempt to set a new world record for fastest blockchain. Read more here.
Subscribe and be the first to receive updates from the TON Ecosystem.
Building a Web3 ecosystem in Telegram with Toncoin
On September 13, at TOKEN2049 in Singapore, TON Foundation and Telegram started working together to put crypto in every pocket. The heart of this collaboration is the deep integration and promotion of a TON-based Web3 ecosystem in Telegram.
TON Space
TON Space, the self-custodial version of @wallet, was launched. It is now accessible directly from the Telegram menu for existing @wallet users. Starting in November, it will become the default for all Telegram users, outside of the United States.
Bridging Web2 and Web3
Historically, crypto appealed primarily to a tech-savvy audience. TON seeks to change this, creating a bridge between Web2 and Web3. By building a Web3 ecosystem in Telegram, TON is making it convenient for millions to own their digital identity and assets. Meeting users where they are, instead of building complicated Web3 experiences the masses will never use.
Web3 SuperApp
Combining the TON Ecosystem with Telegram creates the first decentralized and global SuperApp. Telegram provides the user experience layer with Mini Apps. TON brings the Web3 projects and backend to manage and simplify digital transactions on a massive scale.
500 million active user vision
Being among the fastest-growing mobile apps globally, Telegram is on track to reach 1.5 billion users a month in the next five years. TON Community’s vision is to onboard 30% of these users to TON by 2028, adding 500 million users to Web3. 33x the current 15 million active web3 users.
The Internet of Ownership
The vision is to reshape digital ownership, interaction and transactions globally using Telegram Mini Apps and TON Blockchain. This platform represents a new decentralized digital nation, with its own citizens, economy and digital rights.
With the synergy of Telegram's massive user base and TON's unique approach to Web3, the future in which Web3 is an everyday reality for billions is fast approaching.
For a deeper dive, read this blog post.
The TON Bootcamp for mini-app builders in Telegram’s Web3 ecosystem
Future3 Campus, a Web3-oriented incubation platform powered by Wanxiang Blockchain Labs and HashKey Capital, has partnered with TON Foundation to launch The TON Bootcamp, a dynamic incubation program designed to boost mini-app development within Telegram’s TON-based Web3 ecosystem.
What is The TON Bootcamp?
This program is a unique Web2.5 incubator, enabling developers to build innovative mini-apps that blend the traditional Web2 experience with the advantages of Web3. The focus is on fostering projects that offer real-world payment and gaming solutions, seamlessly integrating them into TON's thriving Web3 ecosystem in Telegram.
Opportunities and Funding
Managed and sponsored by Future3 Campus, The TON Bootcamp offers more than just development opportunities; it's a chance to receive significant funding and support. Future3 Campus has allocated a substantial $50 million seed fund, with the potential for the 15 selected teams to receive as much as $500,000. This support extends beyond financial assistance, offering integration aid into TON’s Web3 ecosystem.
Duration and Features
Spanning five months, the program offers participants a chance to showcase their projects on tApps Center, benefit from experienced mentorship, and receive marketing support within the TON Ecosystem. Additionally, participants get priority access to Telegram’s 800 million active users, among other benefits.
Application and Deadline
Apply for The TON Bootcamp here. The application window closes on December 18, 2023.
For further information on The TON Bootcamp, read this article.
Announcing The Open League on TON.Vote
The Open League is - currently - a public community proposal set to distribute TON-backed user incentives aiming to acquire five million users in the next twelve months.
The proposal is now live on TON.Vote for your review and discussion.
Key highlights:
▪️ New method for distributing incentives to TON Users through Soul-Bound Tokens (SBTs) and through TON projects via community-awarded grants.
▪️ Seasonal structure to gamify mini-app launches and enhance user onboarding experiences.
▪️ Experience Points (XP), where users can earn points exchangeable for Toncoin.
▪️ @community_bot quests to become the gateway for users to engage with various tasks and earn rewards.
▪️ TON Society, your profile to track achievements, earnings, and build your reputation on TON.
Discussion and participation are highly valued. TON Community members can share their thoughts and questions directly on the proposal page or through TON Community channels. Every perspective contributes to shaping the future of the TON Ecosystem.
To join the discussion and vote, visit this page.
To learn more about The Open League, watch the full presentation from Gateway.
Megaton Finance launched its new staking program
Megaton Finance, one of the leading AMM-based DEXs on TON, has introduced its $MEGA Staking Program, featuring the first staking tier system within the TON Ecosystem.
This tiered staking program consists of eight levels, starting with the Iron Tier. Beyond financial returns, it offers several unique benefits to participants:
▪️ Access to exclusive events.
▪️ Special airdrops for staking members.
▪️ Planned exclusive community.
▪️ Future game zone rewards.
Participation is straightforward:
▪️ Acquire $MEGA through MEXC or by swapping WTON or jettons on Megaton Finance.
▪️ Stake your $MEGA in the Iron slot.
▪️ Remain staked for 180 days to earn rewards.
This new feature enhances the user experience within the TON Ecosystem and opens the door to additional services from Megaton Finance. It also promotes the growth of the TON user base by increasing the number of on-chain holders.
For further details, read this article and visit this page.
Bybit x TON Odyssey AMA
Join an insightful AMA session on Thursday, November 16, 2023, at 13:00 UTC in the @BybitEnglish Telegram channel. Featuring Ryan Dennis, Director of Brand & Communications at TON Foundation, this AMA will delve into the details of the ongoing TON Odyssey event.
Learn about earning and staking Toncoin, along with the exclusive rewards on offer. Don't miss this chance to gain insights into the TON giveaway and staking opportunities. For more information on the Bybit x TON Odyssey event, read Bybit’s official announcement.
Join the AMA this Thursday at 13:00 UTC: /channel/BybitEnglish
The Gateway’s Golden sponsors
The Gateway is excited to announce two more Golden sponsors, KuCoin and MEXC Ventures, joining the forefront of the event.
MEXC Ventures
MEXC Ventures, the investment arm of MEXC Exchange, is dedicated to nurturing innovation in the crypto space. As a strategic partner of TON, it supports multiple TON Ecosystem projects such as Megaton Finance, TON Play, TONFura, Fanzee, and Sonet.
Meanwhile, MEXC Exchange is set to launch a TON collateral lending service on November 12 and eliminate trading fees for Toncoin.
KuCoin
KuCoin, known as the People’s Exchange, is a leading global cryptocurrency exchange serving over 30 million users across 200+ countries. It has been recognized as one of the Best Crypto Exchanges in 2023 by Forbes Advisor and offers 24/7 multi-language customer support.
KuCoin is a one-stop-shop for crypto trading, with more than 700 digital assets and a vast selection of over 1,200 trading pairs, including the world premiere listings of 200+ projects.
Alicia Kao, KuCoin's Managing Director, will be sharing valuable insights at the Gateway, highlighting the company’s dedication to fostering partnerships within the TON Ecosystem.
For major announcements, exclusive ecosystem updates, and much more, join the Gateway livestream tomorrow at 7:00 UTC.
Help us boost TON Community
With the new Telegram update, channels can now share Stories with their subscribers.
Telegram introduced a boost system that allows channels to post stories. We need your boosts to enable this feature for the TON Community channel.
Before boosting our channel:
▪️ Update Telegram to the latest version.
▪️ Get Telegram Premium through Fragment using your TON wallet or via the @PremiumBot.
How to boost TON Community?
It’s simple! Just click this link: /channel/toncoin?boost
The Gateway's second Diamond sponsor
The Gateway is delighted to showcase its second Diamond sponsor, Tonscan, developed by Bastion. As one of the most advanced TON Blockchain explorers, Bastion aims to become the go-to platform for developers and supporters within The Open Network.
Built by developers for developers
With Tonscan, you can dive deep into real-time transaction analytics, seamlessly interact with smart contracts, monitor network health metrics, and access valuable insights to empower your development journey.
High performance meets user-friendly design
With a fusion of elegant design and user-centric functionality, Tonscan ensures smooth navigation through live blockchain data, responsive analytics, and interactive visual displays.
Effortless NFT exploration
Tonscan offers a holistic NFT exploration experience, from intricate token provenance tracking to real-time NFT marketplace analytics, and insights into trending NFT contract interactions.
Tonscan by Bastion at the Gateway
Tonscan by Bastion invites the TON Community to its public presentation at the Gateway on Friday, November 10, at 17:35 GST. If you cannot attend the conference in Dubai, you can experience the innovative features of Tonscan.com via the Gateway livestream.
For more information on TON’s first in-person conference, visit the official event website.
TON Community Weekly Digest
Here's a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered accounts on TON grew from 3,643,157 to 3,696,152 (+1.4%) between October 30 and November 5, 2023.
Ecosystem News:
▪️ On October 31, 2023, TON became the world’s fastest and most scalable blockchain, achieving 104,715 transactions per second. Read more here.
▪️ On November 2, 2023, the Dubai Financial Services Authority (DFSA) added Toncoin (TON) to its list of recognized tokens. Read more here.
▪️ TONcoin.Fund invested in Fanton, a TON-integrated fantasy football game on Telegram with 400,000+ users. Read more here.
▪️ xRocket launched the first-ever Telegram Mini App (TMA) exchange, allowing Telegram's vast user base to trade TON and jettons seamlessly within the messenger. Read more here.
▪️ A few days left for TON's first in-person conference in Dubai, the Gateway. Read more here.
Subscribe and be the first to receive updates from the TON Ecosystem.
xRocket launches the first TMA exchange
xRocket unveiled the first-ever fully-fledged Telegram Mini App (TMA) exchange, offering limit and market orders without leaving the app.
Now, the expansive Telegram user base, exceeding 800 million, can seamlessly trade TON and jettons directly in the messenger. The new exchange interface comes with a simplified "Convert" function, enhancing user experience and streamlining the trading process.
With more than 1 million users, xRocket is at the forefront, being the first to enable trading of jettons and the exclusive service for exchanging jUSDT/USDT without requiring a bridge.
xRocket supports TON, emphasizing its commitment to the TON Ecosystem with additional services such as TON P2P market, jetton subscriptions and an API for jetton operations.
Dive into effortless trading on Telegram with @xRocket and join their channel for the latest insights.
TON Community Weekly Digest
Here's a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered accounts on TON grew from 3,595,604 to 3,643,157 (+1.3%) between October 23 and October 29, 2023.
Ecosystem News:
▪️ The TON Believers Fund raised 1.3 billion TON (~$2.8 billion). This initiative has significantly improved TON's tokenomics. Read more here.
▪️ The Gateway announced Orbs, a leading L3 public blockchain infrastructure project, as its first Diamond sponsor. Read more here.
▪️ Mantle Network and TON Foundation forged a strategic alliance with a focus on EVM Layer 2 solutions, enhancing interoperability and bridging $MNT, to TON. Read more here.
▪️ Wallet introduced a new community channel for Spanish-speaking users and celebrated with a contest. Read more here.
▪️ Storm Trade, the first TON-based DEX offering leverage trading, launched on Mainnet, aiming to elevate TON’s DeFi landscape. Read more here.
▪️ DMission integrated with TON wallets to enhance user engagement. Read more here.
Subscribe and be the first to receive updates from the TON Ecosystem.
Mantle forms strategic alliance with TON Foundation
TON Foundation and Mantle Network announced a strategic alliance with a focus on Ethereum Virtual Machine (EVM) Layer 2 solutions.
This collaboration aims to expand the potential of both ecosystems and ensure a smooth interaction between them. Mantle's role as a strategic EVM Layer 2 partner opens avenues for EVM-based projects to effortlessly bridge to TON.
The @community_bot will serve as both an educational and distribution platform. It will connect users in Mantle Network’s Telegram channels and Mantle Ecosystem project channels to TON's thriving community in Telegram.
Another important milestone is the bridging of Mantle Network's native token, $MNT, to TON. This development enhances access and interoperability for users in both ecosystems. Additionally, a wrapped version of $MNT, $jMNT, is now available for trading and liquidity provisions on STON.fi, a cross-chain DEX.
To learn more about this alliance, read this article.
TON Believers Fund raised 1.3 billion TON (~$2.8 billion)
As of today, TON Believers Fund has closed for new deposits.
Incredible achievements are created by community action and TON Believers Fund is a remarkable example of that.
Through a vision to bring predictability to Toncoin tokenomics, 1.3 billion TON or ~25% of the entire TON Supply has been locked in the Locker smart contract.
The result demonstrates the long-term commitment many contributors have to the Toncoin project. All participants have locked TON for two years, after which TON deposits will be vested monthly with rewards for a further three years.
TON Believers Fund has significantly improved TON's tokenomics, bringing clarity, predictability and transparency to the ecosystem.
The architecture behind TON
A standout feature of The Open Network (TON) is its high scalability and throughput achieved through dynamic sharding.
TON Blockchain consists of one masterchain and up to 2^32 workchains, each further divisible into 2^60 shardchains. This design makes TON a blockchain of blockchains, facilitating diverse and interoperable operations. Here's a breakdown of its core components:
▪️ Masterchain: The core directory and primary chain, storing network configurations and final states of all workchains.
▪️ Workchain: The Masterchain splits into individual chains called Workchains. These are customized blockchains tailored for specific transactions or use cases.
▪️ Shardchain: Sub-chains of workchains, identified by a 60-bit shard prefix, allowing for extensive scalability.
TON's architecture addresses scalability and transaction speed issues many blockchains face today. Stay tuned for TON’s first public performance test on October 31, 2023, where TON aims to set a new world record for most transactions per second. Read more here.
For a deeper dive into the architecture and intricacies of TON, read this blog post.
The Gateway conference agenda unveiled
TON's first in-person conference, the Gateway, will take place in Dubai on November 10-11, 2023, and its much-anticipated agenda has just been revealed.
From a comprehensive exploration of TON's mission to put crypto in every pocket to a deep dive into its vision as a gateway to Web3 for the global Telegram community, the agenda promises a wealth of insights.
It highlights the vision of building a TON-based Web3 ecosystem in Telegram, transitions to the pathways, delves into tangible tools, explores promising markets, and showcases the innovative projects which will help realize this vision.
Tickets
Availability is limited. Secure your spot now by purchasing tickets on:
▪️ TON Diamonds
▪️ Getgems
For a detailed look at the complete agenda and further insights into the event, visit the official event website.