TON Community Weekly Digest
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
▪️ The number of new accounts created on TON from July 31 to Aug. 6 grew from 1,070,999 to 1,103,173 (+3%).
News:
▪️ The TON DNS auction is still underway.
▪️ We published a list of services that simplify the TON DNS auction process.
▪️ We also published a guide for new TON DNS owners on how to claim domains from the auction and how to assign them to a TON wallet.
▪️ The TON Smart Challenge #2 competition for programmers with a prize pool of 16,000 Toncoin kicked off.
▪️ NFT marketplace Getgems launched its auctions functionality. Now users can put their NFTs up for auction and participate in bidding for others.
▪️ A new VPN service launched in the TON ecosystem called Connecton, which accepts payments in Toncoin.
▪️The Tonstarter launchpad substantially increased the rewards for its Ambassador Program, which pays people in Toncoin to create content covering the project.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
▪️ The number of new accounts created on TON from July 31 to Aug. 6 grew from 1,070,999 to 1,103,173 (+3%).
News:
▪️ The TON DNS auction is still underway.
▪️ We published a list of services that simplify the TON DNS auction process.
▪️ We also published a guide for new TON DNS owners on how to claim domains from the auction and how to assign them to a TON wallet.
▪️ The TON Smart Challenge #2 competition for programmers with a prize pool of 16,000 Toncoin kicked off.
▪️ NFT marketplace Getgems launched its auctions functionality. Now users can put their NFTs up for auction and participate in bidding for others.
▪️ A new VPN service launched in the TON ecosystem called Connecton, which accepts payments in Toncoin.
▪️The Tonstarter launchpad substantially increased the rewards for its Ambassador Program, which pays people in Toncoin to create content covering the project.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
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TON’s crosschain technology.
One of the TON blockchain’s primary missions is to unite all blockchains and the internet into one network.
Today, we’re going to tell you about what The Open Network has accomplished on the road to this grand plan and what future releases it has in store.
TON Sites & TON Proxy.
By the end of this quarter, the TON Sites and TON Proxy components will have launched, and new technology allowing the TON blockchain’s smart contracts to communicate with websites will grace the network.
Crosschain NFT transfers.
This past spring, we introduced you to the XP.Network’s bridge, which will enable NFT transfers to and from Ethereum, Polygon, BNB Chain, Tron, Tezos, Elrond, Algorand, and The Open Network.
We’re pleased to announce that developers at XP.Network are in the final stages of the project and that the bridge will launch shortly.
Support for Ethereum- and BNB Chain-based cryptocurrencies on TON.
The RSquad team has been working on a huge project lately. The team’s devs are creating a bridge letting users send tokens from Ethereum and BNB Chain to TON and vice versa.
This means that TON users will be able to store any token based on the two blockchains in TON crypto wallets — e.g., ETH, USDT, BNB, SUSHI, and many others — and they’ll also have the opportunity to trade them on DEXs on TON.
The bridge will launch this quarter.
Rainbow bridge with Ethereum Virtual Machine-compatible blockchains (Ethereum, BNB Chain, and more).
Currently, crosschain bridges are managed by decentralized oracles acting as an intermediary.
This characteristic is universally accepted; it’s a rather secure and stable solution. However, the TON Foundation intends to develop these bridges to the point where they solely rely on smart contracts to eliminate the dependency on intermediaries completely.
To make this goal come to fruition, blockchain developers from the TON Foundation and RSquad have been collaborating to optimize the bridge’s code.
The scale of this project is immense, so the Rainbow bridge’s launch date is scheduled for some time in 2023. Until then, the developers will be releasing updates, code, and tools intermittently.
TON Bridge update.
As you’re already aware, two crosschain bridges with the Ethereum and BNB Chain networks have been operating for over a year, allowing users to transfer their Toncoin among the three blockchains.
Users can expect the interface of the bridges to receive an update shortly: They’ll become even more convenient and user-friendly.
The third quarter of this year is shaping up to be very promising. Stay with us to get all the most important news and updates on The Open Network.
One of the TON blockchain’s primary missions is to unite all blockchains and the internet into one network.
Today, we’re going to tell you about what The Open Network has accomplished on the road to this grand plan and what future releases it has in store.
TON Sites & TON Proxy.
By the end of this quarter, the TON Sites and TON Proxy components will have launched, and new technology allowing the TON blockchain’s smart contracts to communicate with websites will grace the network.
Crosschain NFT transfers.
This past spring, we introduced you to the XP.Network’s bridge, which will enable NFT transfers to and from Ethereum, Polygon, BNB Chain, Tron, Tezos, Elrond, Algorand, and The Open Network.
We’re pleased to announce that developers at XP.Network are in the final stages of the project and that the bridge will launch shortly.
Support for Ethereum- and BNB Chain-based cryptocurrencies on TON.
The RSquad team has been working on a huge project lately. The team’s devs are creating a bridge letting users send tokens from Ethereum and BNB Chain to TON and vice versa.
This means that TON users will be able to store any token based on the two blockchains in TON crypto wallets — e.g., ETH, USDT, BNB, SUSHI, and many others — and they’ll also have the opportunity to trade them on DEXs on TON.
The bridge will launch this quarter.
Rainbow bridge with Ethereum Virtual Machine-compatible blockchains (Ethereum, BNB Chain, and more).
Currently, crosschain bridges are managed by decentralized oracles acting as an intermediary.
This characteristic is universally accepted; it’s a rather secure and stable solution. However, the TON Foundation intends to develop these bridges to the point where they solely rely on smart contracts to eliminate the dependency on intermediaries completely.
To make this goal come to fruition, blockchain developers from the TON Foundation and RSquad have been collaborating to optimize the bridge’s code.
The scale of this project is immense, so the Rainbow bridge’s launch date is scheduled for some time in 2023. Until then, the developers will be releasing updates, code, and tools intermittently.
TON Bridge update.
As you’re already aware, two crosschain bridges with the Ethereum and BNB Chain networks have been operating for over a year, allowing users to transfer their Toncoin among the three blockchains.
Users can expect the interface of the bridges to receive an update shortly: They’ll become even more convenient and user-friendly.
The third quarter of this year is shaping up to be very promising. Stay with us to get all the most important news and updates on The Open Network.
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Forwarded from The Daily TON | News
Commissions on TON. Part 1
Recently, we’ve received a question from our subscriber desiring to know more about fees on TON. We thought it would be a great idea to look into this matter and create a couple of educational posts.
First, every TON user should keep in mind that commission depends on many factors. According to the docs, commissions on TON are calculated by this formula:
A full article is available by this link
Recently, we’ve received a question from our subscriber desiring to know more about fees on TON. We thought it would be a great idea to look into this matter and create a couple of educational posts.
First, every TON user should keep in mind that commission depends on many factors. According to the docs, commissions on TON are calculated by this formula:
transaction_fee = storage_fees + in_fwd_fees + computation_fees + action_fees + out_fwd_feesstorage_fees is an amount you pay for storing a smart-contract in the blockchain. In fact, you pay for every second the smart-contract is stored in the blockchain. Your TON wallet is also a smart-contract, which charges the rent every time you receive or send a transaction. in_fwd_fees is a charge for importing messages from outside the blockchain. Before processing any message, it must be delivered to the validators of the final shardchain. Every time you make a transaction it must be delivered to those validators who will process it. For example, each transaction you make with your wallet app (like Tonkeeper) must first be delivered among validation nodes.computation_fees is an amount you pay for executing code in the virtual machine. The virtual machine receives the input parameters from the sent message and executes the smart-contract code. The more instructions will be executed, the more commission will be. For example, each time you send any transaction with your wallet (which is a smart-contract), you execute the code of your wallet contract.action_fees is the fee for processing the list of actions received after the smart-contract code execution. With this process, outgoing messages are sent to other smart-contracts or other visible actions made in the blockchain.out_fwd_fees – stand for a charge for sending messages outside the TON Blockchain to interact with off-chain services (e.g., logs) and external blockchains. The charge goes to the validators of the final shardchains.A full article is available by this link
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Introducing TonAPI, a public API to work with The Open Network.
TonAPI is a service that provides developers with a set of convenient and practical tools to interact with the TON blockchain, and it significantly reduces the barrier to entry for the development of decentralized applications based on TON.
Thanks to TonAPI, product creators no longer need expertise in understanding low-level operations. The service allows users to access high-level components, such as transactions, NFTs, tokens (Jettons), DNS, and more.
In the near future, TonAPI developers plan on integrating the service into all well-known crypto wallets, payments systems, and essential apps in the ecosystem.
Regular users may use TonAPI like a blockchain explorer with a wide range of functionalities — e.g., following transactions or TON DNS auctions.
We’re pleased to see such an effective development tool released in the ecosystem and wish the TonAPI team all the best.
TonAPI is a service that provides developers with a set of convenient and practical tools to interact with the TON blockchain, and it significantly reduces the barrier to entry for the development of decentralized applications based on TON.
Thanks to TonAPI, product creators no longer need expertise in understanding low-level operations. The service allows users to access high-level components, such as transactions, NFTs, tokens (Jettons), DNS, and more.
In the near future, TonAPI developers plan on integrating the service into all well-known crypto wallets, payments systems, and essential apps in the ecosystem.
Regular users may use TonAPI like a blockchain explorer with a wide range of functionalities — e.g., following transactions or TON DNS auctions.
We’re pleased to see such an effective development tool released in the ecosystem and wish the TonAPI team all the best.
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Forwarded from The Daily TON | News
Spam transactions on TON
Unlike many other blockchains, TON is capable of performing thousands of transactions per second with meager fees. Despite this considerable advantage, it leads to a severe problem within the blockchain – spam attacks.
More likely, you've already seen these incoming transactions to your wallet saying: "Congratulations! Your wallet can become a validator. Send 50 or more TONs to…". Obviously, it's a scam, and under any circumstance, don't transfer your funds to such crypto scammers. Unfortunately, TON is an open network, and we cannot "turn off" the spam messages, so the only way not to get into trouble is to ignore them.
Luckily, some wallet apps, e.g., Tonhub, enrolled a new feature protecting crypto beginners against spam attacks. The app will hide all the comments in the transaction feed if the number of sent cryptocurrencies is under 0.1 TON.
Be cautious and do not land on the hands of scammers!
Unlike many other blockchains, TON is capable of performing thousands of transactions per second with meager fees. Despite this considerable advantage, it leads to a severe problem within the blockchain – spam attacks.
More likely, you've already seen these incoming transactions to your wallet saying: "Congratulations! Your wallet can become a validator. Send 50 or more TONs to…". Obviously, it's a scam, and under any circumstance, don't transfer your funds to such crypto scammers. Unfortunately, TON is an open network, and we cannot "turn off" the spam messages, so the only way not to get into trouble is to ignore them.
Luckily, some wallet apps, e.g., Tonhub, enrolled a new feature protecting crypto beginners against spam attacks. The app will hide all the comments in the transaction feed if the number of sent cryptocurrencies is under 0.1 TON.
Be cautious and do not land on the hands of scammers!
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When we told you about TON’s crosschain capabilities a week ago, we mentioned that the TON Foundation is collaborating with RSquad on a scalable crosschain bridge allowing users to transfer tokens (Jettons) from Ethereum and BNB Chain to The Open Network and vice versa.
The launch of such a bridge is a monumental event because users will be able to store any cryptocurrency, including stablecoins, based on Ethereum and BNB Chain on TON and even trade them on DEXs.
The RSquad team has published an article explaining the project’s development, what tasks are left for the developers to tackle, and the significance of the crosschain bridge in the TON ecosystem.
You can read the article here.
RSquad is also working on the Rainbow bridge compatible with Ethereum Virtual Machine blockchains, which we mentioned not long ago.
RSquad Blockchain Lab is an experienced international team providing development and consulting services and promoting blockchain projects for more than seven years. It has provided consulting services for partners of 75 blockchain projects in 14 countries.
The launch of such a bridge is a monumental event because users will be able to store any cryptocurrency, including stablecoins, based on Ethereum and BNB Chain on TON and even trade them on DEXs.
The RSquad team has published an article explaining the project’s development, what tasks are left for the developers to tackle, and the significance of the crosschain bridge in the TON ecosystem.
You can read the article here.
RSquad is also working on the Rainbow bridge compatible with Ethereum Virtual Machine blockchains, which we mentioned not long ago.
RSquad Blockchain Lab is an experienced international team providing development and consulting services and promoting blockchain projects for more than seven years. It has provided consulting services for partners of 75 blockchain projects in 14 countries.
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Forwarded from TON Community
Liquidity Award Program
*2-Week Open Period for Comments*
TON Society is announcing a $14M TON liquidity award program for teams deploying on TON and bringing users to increase the total value locked (TVL) in the ecosystem (e.g., bridge, DEX, etc.)
The liquidity award program is as follows:
- 6-month cliff and 12-month vesting
- Projects on a first-come, first-served basis will be able to unlock awards ranging from $150,000 TON to $3,500,000 TON. Total allotted is $14,000,000 TON (paid in TON).
This program will provide an attractive way for teams building bridges, DEXs, and other DeFi protocols on TON to engage in open and fair competition, instead of picking winners and losers in a crowded field of promising teams vying for TVL and users. This further demonstrates commitment to supporting teams that might not be willing to open-source their source code for commercial reasons.
As part of the draft proposal announcement (via TON Society GitHub), we are looking forward to comments/feedback/questions from teams via GitHub open issue. The open period will be active until 19 Aug. All relevant comments in the issues section will be answered and the program draft updated (as needed). The official start date of the program is to be determined.
See below for the link for more details:
https://github.com/ton-society/grants-program/blob/main/announcements/liquidity%20award%20program.md
We look forward to your comments on GitHub link above to make this program great for all the builders.
*2-Week Open Period for Comments*
TON Society is announcing a $14M TON liquidity award program for teams deploying on TON and bringing users to increase the total value locked (TVL) in the ecosystem (e.g., bridge, DEX, etc.)
The liquidity award program is as follows:
- 6-month cliff and 12-month vesting
- Projects on a first-come, first-served basis will be able to unlock awards ranging from $150,000 TON to $3,500,000 TON. Total allotted is $14,000,000 TON (paid in TON).
This program will provide an attractive way for teams building bridges, DEXs, and other DeFi protocols on TON to engage in open and fair competition, instead of picking winners and losers in a crowded field of promising teams vying for TVL and users. This further demonstrates commitment to supporting teams that might not be willing to open-source their source code for commercial reasons.
As part of the draft proposal announcement (via TON Society GitHub), we are looking forward to comments/feedback/questions from teams via GitHub open issue. The open period will be active until 19 Aug. All relevant comments in the issues section will be answered and the program draft updated (as needed). The official start date of the program is to be determined.
See below for the link for more details:
https://github.com/ton-society/grants-program/blob/main/announcements/liquidity%20award%20program.md
We look forward to your comments on GitHub link above to make this program great for all the builders.
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TON Community Weekly Digest
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
▪️ The number of new accounts created on TON from Aug. 7 to 13 grew from 1,106,976 to 1,131,655 (+2.2%).
News:
▪️ We published a list of crosschain technologies slated to launch on TON.
▪️ The new TonAPI was released to have better interactions with The Open Network.
▪️ The dev team at Tegro TON continues the trial period for its DEX, TegroFinance, on the testnet and invites testers and technical specialists to participate in searching for vulnerabilities.
▪️ RSquad, which has been working in tandem with TON Foundation developers on a crosschain TON bridge, published an article detailing where the project lies in its development.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
▪️ The number of new accounts created on TON from Aug. 7 to 13 grew from 1,106,976 to 1,131,655 (+2.2%).
News:
▪️ We published a list of crosschain technologies slated to launch on TON.
▪️ The new TonAPI was released to have better interactions with The Open Network.
▪️ The dev team at Tegro TON continues the trial period for its DEX, TegroFinance, on the testnet and invites testers and technical specialists to participate in searching for vulnerabilities.
▪️ RSquad, which has been working in tandem with TON Foundation developers on a crosschain TON bridge, published an article detailing where the project lies in its development.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
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TON Society announces the TON Liquidity Award Program (LAP)
TON Society, a platform acting as a beacon where developers and funding come together to endorse and promote various projects on TON, has announced the TON Liquidity Award Program. The $14-million initiative (payable in TON) aims to attract projects to increase the network’s total value locked (TVL).
More specifically, the program hopes to kickstart a healthy competition among teams building DEXs, bridges, and DeFi protocols. The total award amount would sufficiently incentivize both small and large teams to build and apply for the program.
Detailed LAP description and example is provided under TON Society’s GitHub announcements. Questions/comments/feedback are welcomed and will be accepted until Aug 19. Teams can leave comments under the “Issues” section (please label your message with “Liquidity Award Program”).
GitHub program description: https://github.com/ton-society/grants-program/blob/main/announcements/liquidity%20award%20program.md
GitHub Issues section (for questions/comments/feedback):
https://github.com/ton-society/grants-program/issues
The official date of the program launch (which starts the 1-year window) is yet to be determined.
TON Society, a platform acting as a beacon where developers and funding come together to endorse and promote various projects on TON, has announced the TON Liquidity Award Program. The $14-million initiative (payable in TON) aims to attract projects to increase the network’s total value locked (TVL).
More specifically, the program hopes to kickstart a healthy competition among teams building DEXs, bridges, and DeFi protocols. The total award amount would sufficiently incentivize both small and large teams to build and apply for the program.
Detailed LAP description and example is provided under TON Society’s GitHub announcements. Questions/comments/feedback are welcomed and will be accepted until Aug 19. Teams can leave comments under the “Issues” section (please label your message with “Liquidity Award Program”).
GitHub program description: https://github.com/ton-society/grants-program/blob/main/announcements/liquidity%20award%20program.md
GitHub Issues section (for questions/comments/feedback):
https://github.com/ton-society/grants-program/issues
The official date of the program launch (which starts the 1-year window) is yet to be determined.
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Introducing Soulbound NFTs, a new NFT standard on TON.
Participants of the joint grant program from NFT marketplace Getgems and the TON Punks collection have written a draft for a Soulbound standard, a special kind of NFT that cannot be sold or transferred to another address because it’s forever-linked to its owner’s wallet.
Tapping into the Soulbound token standard will open new opportunities for the technology and NFTs.
For instance, Soulbound tokens can show a wallet’s accomplishments, issue documents (driver’s license, diplomas, etc.), or hand out personalized coupons.
Getgems is inviting developers to a discussion that will help finalize the standard’s draft:
— The standard’s draft proposal.
— An example of implementing the standard.
We can’t wait for product developers to start implementing Soulbound NFTs and think of new mechanics for the standard.
Participants of the joint grant program from NFT marketplace Getgems and the TON Punks collection have written a draft for a Soulbound standard, a special kind of NFT that cannot be sold or transferred to another address because it’s forever-linked to its owner’s wallet.
Tapping into the Soulbound token standard will open new opportunities for the technology and NFTs.
For instance, Soulbound tokens can show a wallet’s accomplishments, issue documents (driver’s license, diplomas, etc.), or hand out personalized coupons.
Getgems is inviting developers to a discussion that will help finalize the standard’s draft:
— The standard’s draft proposal.
— An example of implementing the standard.
We can’t wait for product developers to start implementing Soulbound NFTs and think of new mechanics for the standard.
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VIEW IN TELEGRAM
Introducing a major @wallet update: The popular service now has a new user-friendly interface.
On the home screen, you can see your balance, transaction history, and buy or send Toncoin. You can now buy Toncoin in just a couple of taps without leaving Telegram — you only need to link a bank card to the service once.
There’s no need to chat with the bot to use the wallet: simply add @wallet to the Attachments Menu, start the bot, and send Toncoin directly within chats with your contacts.
If you are still not familiar with the service, right now is a great chance to get to know it: There’s no service fee for purchasing Toncoin, and the exchange rate is as close as possible to the market price.
The developers continue to improve the service, equipping it with better features and making it one of the most integral parts of the TON ecosystem.
Join the Wallet News channel to stay up-to-date with all the latest news.
On the home screen, you can see your balance, transaction history, and buy or send Toncoin. You can now buy Toncoin in just a couple of taps without leaving Telegram — you only need to link a bank card to the service once.
There’s no need to chat with the bot to use the wallet: simply add @wallet to the Attachments Menu, start the bot, and send Toncoin directly within chats with your contacts.
If you are still not familiar with the service, right now is a great chance to get to know it: There’s no service fee for purchasing Toncoin, and the exchange rate is as close as possible to the market price.
The developers continue to improve the service, equipping it with better features and making it one of the most integral parts of the TON ecosystem.
Join the Wallet News channel to stay up-to-date with all the latest news.
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Tonstarter has released a bot that automatically places bids on TON DNS domain names.
Today, we’re going to tell you about the Tonstarter DNS bot, which automates participation in the domain auction. The bot places bids independently on pre-selected names, allowing users to save time instead of constantly following bids and counterbids.
How it operates:
Users must deposit Toncoin in the bot, enter the domain names they wish to win, and set a limit for each name.
As soon as your bid receives a counterbid, the bot will automatically place a counterbid on your behalf (only if it’s within your limit).
If a counterbid surpasses your limit, the bot will send you a notification highlighting which domain name is in question.
The @autodomains_bot bot is only compatible with smartphones using the Tonkeeper wallet.
Testnet version: @managerDnsbot
You can find the bot’s open-source code here:
https://github.com/Tonstarter/ton-domains-frontend/
https://github.com/Tonstarter/ton-domains-backend/
Please note: The bot’s build is a beta version in which you may encounter bugs. Users interact with the bot at their own risk.
Today, we’re going to tell you about the Tonstarter DNS bot, which automates participation in the domain auction. The bot places bids independently on pre-selected names, allowing users to save time instead of constantly following bids and counterbids.
How it operates:
Users must deposit Toncoin in the bot, enter the domain names they wish to win, and set a limit for each name.
As soon as your bid receives a counterbid, the bot will automatically place a counterbid on your behalf (only if it’s within your limit).
If a counterbid surpasses your limit, the bot will send you a notification highlighting which domain name is in question.
The @autodomains_bot bot is only compatible with smartphones using the Tonkeeper wallet.
Testnet version: @managerDnsbot
You can find the bot’s open-source code here:
https://github.com/Tonstarter/ton-domains-frontend/
https://github.com/Tonstarter/ton-domains-backend/
Please note: The bot’s build is a beta version in which you may encounter bugs. Users interact with the bot at their own risk.
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Introducing TEGRO.MONEY, a service that allows you to make payments in Toncoin.
One of The Open Network’s main goals is to transform Toncoin into a cryptocurrency for the masses and with practical use cases.
It’s always a pleasure to spread the good word on new projects that help TON get one step closer to accomplishing its mission, and today, we’ll tell you about the TEGRO.MONEY service from the crew at Tegro TON.
TEGRO.MONEY is a service that websites can use to collect payments from users in various forms, including the Toncoin cryptocurrency.
The service integrates seamlessly with all sites without having any programming skills. It can also connect to Telegram bots, and fees for transactions paid in Toncoin are only 1%.
Thanks to the Tegro team, over 1,200 sites have already started working with Toncoin, and over 66,000 people actively use the cryptocurrency to pay for various goods and services.
We wish the developers at TEGRO.MONEY all the best and recommend site owners consider integrating the service.
One of The Open Network’s main goals is to transform Toncoin into a cryptocurrency for the masses and with practical use cases.
It’s always a pleasure to spread the good word on new projects that help TON get one step closer to accomplishing its mission, and today, we’ll tell you about the TEGRO.MONEY service from the crew at Tegro TON.
TEGRO.MONEY is a service that websites can use to collect payments from users in various forms, including the Toncoin cryptocurrency.
The service integrates seamlessly with all sites without having any programming skills. It can also connect to Telegram bots, and fees for transactions paid in Toncoin are only 1%.
Thanks to the Tegro team, over 1,200 sites have already started working with Toncoin, and over 66,000 people actively use the cryptocurrency to pay for various goods and services.
We wish the developers at TEGRO.MONEY all the best and recommend site owners consider integrating the service.
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TON Rocket, a Telegram-based crypto wallet.
An overwhelming majority of the TON community is already familiar with Telegram-based crypto wallets @wallet and @cryptobot, but today, we’ll tell you about a lesser-known yet exceptionally convenient crypto wallet called TON Rocket.
It’s the only Telegram crypto wallet that allows users to store, send, and receive TON-based tokens (Jettons) within the messenger.
Users can also trade tokens freely by using the bot’s interface. So far, eight projects have already listed their tokens on the platform.
The bot can send crypto, create cheques, and issue invoices like similar services and has an API solution for developers.
The number of people who use TON Rocket is upward of 100,000.
Please note that TON Rocket is a custodial crypto wallet.
We recommend reading this post to learn the differences between custodial and non-custodial services.
An overwhelming majority of the TON community is already familiar with Telegram-based crypto wallets @wallet and @cryptobot, but today, we’ll tell you about a lesser-known yet exceptionally convenient crypto wallet called TON Rocket.
It’s the only Telegram crypto wallet that allows users to store, send, and receive TON-based tokens (Jettons) within the messenger.
Users can also trade tokens freely by using the bot’s interface. So far, eight projects have already listed their tokens on the platform.
The bot can send crypto, create cheques, and issue invoices like similar services and has an API solution for developers.
The number of people who use TON Rocket is upward of 100,000.
Please note that TON Rocket is a custodial crypto wallet.
We recommend reading this post to learn the differences between custodial and non-custodial services.
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TON Community Weekly Digest
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
▪️ The number of new accounts created on TON from Aug. 14 to 20 grew from 1,135,244 to 1,159,119 (+2.1%).
News:
▪️ TON Society launched its TON Liquidity Award Program to increase the total value locked in the ecosystem.
▪️ A draft for a new untransferrable NFT standard, called Soulbound, was published, and discussions to make amendments are ongoing and open to anyone who’d like to participate.
▪️ The Telegram-based @wallet bot released a significant update.
▪️ The team at Tonstarter launched a bot that automatically places bids on pre-selected domain names for TON DNS auctions.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
▪️ The number of new accounts created on TON from Aug. 14 to 20 grew from 1,135,244 to 1,159,119 (+2.1%).
News:
▪️ TON Society launched its TON Liquidity Award Program to increase the total value locked in the ecosystem.
▪️ A draft for a new untransferrable NFT standard, called Soulbound, was published, and discussions to make amendments are ongoing and open to anyone who’d like to participate.
▪️ The Telegram-based @wallet bot released a significant update.
▪️ The team at Tonstarter launched a bot that automatically places bids on pre-selected domain names for TON DNS auctions.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
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Forwarded from TON Community
Recap - Telegram Night by The Open Network at Korea Blockchain Week
On Aug 8, TON Foundation Head of Incubation, Justin Hyun (@tonkongz), presented to a group of TON curious crypto natives, investors, and developers about The Open Network. Below are the highlights from the event:
🏋️♀️ Onboarded 78 new TON curious crypto natives to @wallet features on Telegram. Two lucky winners from a raffle won prizes of 200 and 800 TON. After the presentation, several teams with products on competing Layer-1s asked about the possibilities of building and deploying on TON.
😊 TON Alphanonce-VistaLabs Fund (2nd Ecosystem Fund on TON) announced a TON adoption entity, TON Ecosystem Builders (TEB). TEB aims to be what ConsenSys was for the early days of Ethereum. TEB announced the near-term (Sep-Oct) release of a differentiated wallet experience, in-wallet DEX, and more.
🤓 TEB announced a partnership with Ozys, a leading DeFi infrastructure provider in Korea with 40+ in-house developers. Ozys has a track record of building bridges and DEXs with combined TVL of $600M+ on competing Layer-1s. Ozys announced the near-term (Sep-Oct) release of a 3rd-party cross-chain bridge and AMM-based DEX.
😎 FS Labs, one of the core TON adoption entity, also had a great presence at the event. It was evident that blockchain knows no borders, and collaboration is crucial for a flourishing ecosystem like TON.
TON Society will have further presence in upcoming conferences and events, and we can't wait to share more exciting news with the TON community!
On Aug 8, TON Foundation Head of Incubation, Justin Hyun (@tonkongz), presented to a group of TON curious crypto natives, investors, and developers about The Open Network. Below are the highlights from the event:
TON Society will have further presence in upcoming conferences and events, and we can't wait to share more exciting news with the TON community!
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Forwarded from Pavel Durov
I'm really impressed by the success of the auction TON recently conducted for their domain/wallet names. Wallet.ton was sold for 215,250 Toncoin (~$260000) while casino.ton was sold for ~$244000.
If TON has been able to achieve these results, imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group and channel links for auction. In addition to millions of catchy t.me addresses like @storm or @royal, all four-letter usernames could be made available for sale (@bank, @club, @game, @gift etc).
This would create a new platform where username holders could transfer them to interested parties in protected deals – with ownership secured on the blockchain via NFT-like smart-contracts. Other elements of the Telegram ecosystem, including channels, stickers or emoji, could later also become part of this marketplace.
When it comes to scalability and speed, TON probably has the best technology to host such decentralized sales. Our team can write bullet-proof smart contracts for TON (since it was us who invented its smart-contract language), so we are inclined to try out TON as the underlying blockchain for our future marketplace.
Let's see if we can add a little bit of Web 3.0 to Telegram in the coming weeks.
If TON has been able to achieve these results, imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group and channel links for auction. In addition to millions of catchy t.me addresses like @storm or @royal, all four-letter usernames could be made available for sale (@bank, @club, @game, @gift etc).
This would create a new platform where username holders could transfer them to interested parties in protected deals – with ownership secured on the blockchain via NFT-like smart-contracts. Other elements of the Telegram ecosystem, including channels, stickers or emoji, could later also become part of this marketplace.
When it comes to scalability and speed, TON probably has the best technology to host such decentralized sales. Our team can write bullet-proof smart contracts for TON (since it was us who invented its smart-contract language), so we are inclined to try out TON as the underlying blockchain for our future marketplace.
Let's see if we can add a little bit of Web 3.0 to Telegram in the coming weeks.
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The first-ever IDO on The Open Network.
Today, the TON blockchain reached a milestone: The Tonstarter launchpad announced that the Fanzee sports project would be the first in TON’s history to have an IDO.
What’s an IDO?
Without getting bogged down in details, an IDO, or initial decentralized exchange offering, is a way to attract funding for projects in an early stage of development.
An IDO is essentially a method to give a broad audience an opportunity to obtain tokens of a project in early development.
Ideally, an IDO’s distribution procedure benefits everyone: the project gets investments to continue development, and investors receive tokens that could potentially rise in value once it gets listed on a DEX.
Why is this important for the ecosystem?
The network’s inaugural IDO and Tonstarter’s first launch mark a new era for the DeFi market on TON. Private investors will get the chance to invest openly and transparently in up-and-coming services, while crypto projects raise funds as an instrument to develop further.
We’re confident that this is just the first of many IDOs, and once DEXs start popping up, the TON market will surely experience a surge in financial activity.
We’ve already discussed what a launchpad is and published a post on the Web3 sports-centric Fanzee startup, which raised over $2 million in investments.
Disclaimer:
This message does not constitute financial advice. If you invest in crypto products, you thereby incur the risks.
Today, the TON blockchain reached a milestone: The Tonstarter launchpad announced that the Fanzee sports project would be the first in TON’s history to have an IDO.
What’s an IDO?
Without getting bogged down in details, an IDO, or initial decentralized exchange offering, is a way to attract funding for projects in an early stage of development.
An IDO is essentially a method to give a broad audience an opportunity to obtain tokens of a project in early development.
Ideally, an IDO’s distribution procedure benefits everyone: the project gets investments to continue development, and investors receive tokens that could potentially rise in value once it gets listed on a DEX.
Why is this important for the ecosystem?
The network’s inaugural IDO and Tonstarter’s first launch mark a new era for the DeFi market on TON. Private investors will get the chance to invest openly and transparently in up-and-coming services, while crypto projects raise funds as an instrument to develop further.
We’re confident that this is just the first of many IDOs, and once DEXs start popping up, the TON market will surely experience a surge in financial activity.
We’ve already discussed what a launchpad is and published a post on the Web3 sports-centric Fanzee startup, which raised over $2 million in investments.
Disclaimer:
This message does not constitute financial advice. If you invest in crypto products, you thereby incur the risks.
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An accelerator for TON-based game developers.
TON Play, a Web3-gaming launchpad on The Open Network, is launching an acceleration program for video game creators and offering developers help.
The TON ecosystem continues to see more vital infrastructure-centered projects: launchpads, DEXs, new NFT standards, and user-friendly crypto wallets and services tailored to the masses are actively integrating with Telegram web bots.
These projects are allowing the network’s infrastructure to evolve to open the doors to many more opportunities for GameFi product creators. So, we’re more than happy to recognize TON Play’s initiative.
If you intend to create (or are already in the process) a gaming product on TON, you can submit an application to participate in the accelerator program here:
https://tonplay.typeform.com/to/G9wV8zBC?typeform-source=tonplay.io
TON Play, a Web3-gaming launchpad on The Open Network, is launching an acceleration program for video game creators and offering developers help.
The TON ecosystem continues to see more vital infrastructure-centered projects: launchpads, DEXs, new NFT standards, and user-friendly crypto wallets and services tailored to the masses are actively integrating with Telegram web bots.
These projects are allowing the network’s infrastructure to evolve to open the doors to many more opportunities for GameFi product creators. So, we’re more than happy to recognize TON Play’s initiative.
If you intend to create (or are already in the process) a gaming product on TON, you can submit an application to participate in the accelerator program here:
https://tonplay.typeform.com/to/G9wV8zBC?typeform-source=tonplay.io
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Forwarded from The Daily TON | News
Validators vs Nominators
If you are familiar with cryptocurrencies, you must have heard about validators and nominators. These words often appear in crypto-related channels (our channel isn't an exception). Now, the time has come to find out who they are – the two major actors ruling the blockchain.
First, let's speak about validators. A validator is a network node that helps keep the blockchain running by verifying (or validating) suggested blocks and allowing to record them in the blockchain. To become a validator, you must follow two requirements: have a high-performance server and obtain a serious amount of TON, 600,000, to make a stake. At the time of writing, there are 227 validators on TON.
It's evident that not everyone can afford to have hundreds of thousand Toncoin on their balance – that's why nominators come into play there. Simply put, the nominator is a user who lends his TON to validators. Every time the validator earns the reward by validating blocks, it is distributed between the involved participants.
Some time ago, Ton Whales ran the first staking pool on TON with the minimum deposit of 50 TON. Later, TON Foundation launched the first open nominator pool. Now, users may stake Toncoin in a fully-decentralized way, starting with 10,000 TON.
If you are familiar with cryptocurrencies, you must have heard about validators and nominators. These words often appear in crypto-related channels (our channel isn't an exception). Now, the time has come to find out who they are – the two major actors ruling the blockchain.
First, let's speak about validators. A validator is a network node that helps keep the blockchain running by verifying (or validating) suggested blocks and allowing to record them in the blockchain. To become a validator, you must follow two requirements: have a high-performance server and obtain a serious amount of TON, 600,000, to make a stake. At the time of writing, there are 227 validators on TON.
It's evident that not everyone can afford to have hundreds of thousand Toncoin on their balance – that's why nominators come into play there. Simply put, the nominator is a user who lends his TON to validators. Every time the validator earns the reward by validating blocks, it is distributed between the involved participants.
Some time ago, Ton Whales ran the first staking pool on TON with the minimum deposit of 50 TON. Later, TON Foundation launched the first open nominator pool. Now, users may stake Toncoin in a fully-decentralized way, starting with 10,000 TON.
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The first ever competition for designers on the TON blockchain, the TON Design Challenge!
We’re proud to announce the TON Design Challenge for designers with a total prize fund of $40,000.
The competition has already begun and will end on Sept. 21 at 18:00 (UTC). Participants will split the prize funds, but awards will be paid out in Toncoin.
The task:
Artists are to create at least two animated stickers.
The first sticker must don the TON logo, but there are no restrictions for the second sticker: You can draw anything you want that describes the TON community in an original and unusual fashion.
You can find more details and the technical requirements here:
https://ton.org/ton-design-challenge
Good luck to all the artists participating!
We’re proud to announce the TON Design Challenge for designers with a total prize fund of $40,000.
The competition has already begun and will end on Sept. 21 at 18:00 (UTC). Participants will split the prize funds, but awards will be paid out in Toncoin.
The task:
Artists are to create at least two animated stickers.
The first sticker must don the TON logo, but there are no restrictions for the second sticker: You can draw anything you want that describes the TON community in an original and unusual fashion.
You can find more details and the technical requirements here:
https://ton.org/ton-design-challenge
Good luck to all the artists participating!
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