The First Unlimited Bridge for ERC-20 tokens is here!
Today, The Open Network (TON) has unveiled its unlimited bridge for ERC-20 tokens. This cross-network token transfer service is a long-awaited development that brings TON one step closer to achieving complete interoperability with other Web3 networks.
With this unlimited bridge, users can now seamlessly transfer ERC-20 tokens between Ethereum and TON. This will significantly expand TON's available pool of liquidity, thereby significantly broadening the possibilities for decentralized finance (DeFi) applications and services within our growing ecosystem.
Read the instructions for use of the bridge here.
Rules for digital security
As The Open Network (TON) Ecosystem continues to grow, we’d like to remind you about the basic steps you need to take to stay safe in the cryptocurrency space.
Rule #1: Invest carefully
There are a huge variety of NFT, decentralized finance (DeFi), and GameFi projects operating on TON today. We urge you to carefully study each and every project that you plan to invest in. Unfortunately, there is always the possibility that you could encounter either scammers (such as pump-and-dump schemes) or incompetent project teams.
Rule #2: Store your seed phrase securely
Remember: If you lose your 24-word seed phrase, you’ll lose access to your wallet and digital tokens forever.
Write your seed phrase down on a piece of paper and keep it in a safe place. Never store a screenshot of your seed phrase on your phone or computer.
In short, never store your seed phrase on a device connected to the internet.
It’s also worth reading our “Where can I store my Toncoin?” guide for more information.
Rule #3: Study the cryptocurrency exchange instruction guides
If you want to make a new transaction that you’ve never made before, you should first make a test transaction with a small amount (e.g. 0.5 TON) to make sure that everything is working as it should.
Remember: There are many instances when the cryptocurrency exchange's technical support will not be able to help you with a transaction.
Rule #4: Be careful with P2P transfers
The P2P sphere is especially prone to scammers.
If you buy and sell Toncoin via a P2P marketplace, don’t forget to read the safe trading tips from the @cryptobot team.
Rule #5: Don’t forget that the TON App directory does not represent official projects
A project team only needs to pass a simplified verification, rather than a fully-fledged one, to join the ton.app directory.
Therefore, the fact that a project is part of TON App does not guarantee security.
Rule #6: Don’t trust unfamiliar project teams
This applies to mining pools, staking pools, NFT collections and any project that promises you an income.
Always be skeptical about promises of easy money. Before investing in a project, always try to find an appropriate endorsement or mention in authorative TON materials.
If no mentions are found, then interacting with the project may involve risks and we recommend that you conduct your own research before proceeding any further.
Please follow these simple rules and only trust official TON information sources.
A new interview with Andrey Pfau, a core member of the TON Foundation team, has been released.
Although this conversation is unlikely to be of interest to some of our community, we highly recommend that developers and technical specialists take a look at this new in-depth interview.
Andrey gave great insights into the following topics:
▪️ The possibility of using TON technology in businesses.
▪️ TON Proxy and TON DNS devices.
▪️ The technical details of TON’s architecture.
The interview has been published on YouTube: https://www.youtube.com/watch?v=lE29n2KR1Kc
For those who are not involved in coding, we highly recommend that you check out at least the first few minutes of the video to get to know one of the key developer personalities in TON Blockchain, who was already developing Minecraft plugins at the age of ten!
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 stats update:
▪️ The number of new accounts created on TON grew from 2,438,019 to 2,460,604 (+0.9%) between April 3 and 9.
News:
▪️ The results of the TON Awards 2022 were published. Participants shared the biggest prize fund in the history of TON Ecosystem, splitting 301,920 Toncoin (TON) ($675,000). Congratulations to all the winners! Read the results here.
▪️ The team at Orbs developed a new kind of smart contract called the “single nominator smart contract,” which aims to increase the security of TON validators. Read more.
▪️ The community vote to decide the best projects from Hack-a-TONx DoraHacks continues. We encourage all of you to cast your vote. Read more.
▪️ Bitfinex, one of the world’s largest crypto exchanges, listed Toncoin. Read more.
▪️ TON Wallet Challenge continues. The contest invites iOS, Android, and desktop devs to create a new version of TON Wallet. All developers are welcome to participate! Read more.
▪️ TON Diamonds announced it would send a delegation to New York to participate in the preeminent Focus Art Fair from May 18 to 21. Read more.
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The TON Wallet Challenge continues!
We would like to remind you that our competition for creating a new TON wallet is already underway.
This is an amazing opportunity to showcase your skills by creating a brand-new type of TON wallet and compete for the chance to win a prize pool of $60,000.
We invite all iOS, Android, and desktop devs with brilliant ideas to get involved!
Applications are submitted through @toncontests_bot. All other details can be found on GitHub and the official website.
The contest will last until May 22 — there is still time to join the TON Wallet Challenge!
Cast your vote for the best Hack-a-TONx builders
It's time to vote in the latest DoraHacks Quadratic Funding round! There is $35,000 up for grabs to support builders on The Open Network (TON). Visit the DoraHacks website, choose your favorite project, select an allocation of the $35,000 fund and vote as little as 0.1 TON (using OpenMask) to show your support! Learn more about the voting mechanism here.
This is a really special opportunity to support the many talented developers who have put in so much effort and hard work to create TON Ecosystem. Don't miss this chance to help make a difference in our community!
Due to popular demand, TON Foundation is launching a separate QF round 🔥
More teams will now have the opportunity to win a share of the $35K prize pool, based on community votes 💎
Stay tuned for further updates!
TON Diamonds in New York: new international artists will present their NFT-artworkds at Focus Art Fair exhibition.
The eagerly-awaited TON Diamonds exhibition, the first of its scale this year, is set to take place from May 18th to May 21st in the bustling metropolis of New York City. The event, which will be held at the Chelsea Industrial space, located just a 10-minute walk from the Empire State Building, will bring together the world's top artists, collectors, and art professionals for the much-anticipated Focus Art Fair.
TON Diamonds has been confidently expanding its presence in the international art space. We’re proud to announce the names of the artists who will release their NFT-artworks on our platform and present them at the exhibition in New York: Sarah McDaniel, Ellen Sheidlin, Harry Yeff & Trung Bao, and Shane Fu. Each of these creative talents has a unique style and is creating truly special artworks for TON Diamonds to present at Focus Art Fair.
The exhibition has already been generating buzz, with leading media outlets including Yahoo Finance, Reuters, Bloomberg and Marketwatch publishing press releases, providing a glimpse into the upcoming event and unveiling some of the fantastic artworks.
We believe that our collaboration with these exceptional global artists, and our participation in an event of such scale, is a significant milestone not just for our marketplace, but for the entire TON Ecosystem. So, mark your calendars and get ready to be amazed by the outstanding NFT artworks on display at the Focus Art Fair in NYC!
STON.fi Roadmap: from TON DEX to Cross-Chain DEX 🪙
Exciting news, Stonfiers! We're thrilled to announce that we're finally lifting the veil of truth! 🎉
STON.fi Roadmap is in motion, and we're moving towards our goal of empowering the TON DeFi ecosystem with all might of fully functional cross-chain DEX.
STON.fi has its sights set on the future. On November 20th, the DEX was launched, offering secure token swaps on the TON blockchain through an extremely user-friendly interface.
🥌 STON.fi is now prepared to advance and integrate the liquidity of the TON blockchain with other networks, eliminating the need for bridges and centralized solutions.
🥌 In the upcoming development phase, swaps between TON and TRON networks will be facilitated without the use of bridges or wrapped tokens. Users can exchange native Toncoin within the TON network for native USDT in the TRC-20 network in a fully decentralized way! Crucially for the TON ecosystem, any project can integrate cross-chain swaps using our SDK.
🥌 During the third phase, token swaps between the TON and EVM-compatible networks, such as Ethereum and Polygon, will be implemented.
🥌 Subsequent steps include supporting additional blockchains and expanding the functionality of the STON.fi DEX. The operations mentioned above will be accessible through our Telegram bot. Furthermore, we plan to introduce limit orders, similar to those found in top centralized exchanges (while maintaining decentralization), margin trading, and gasless transactions.
🗿 We will share detailed information about forthcoming features in a series of future posts. Stay tuned!
Last year, we pledged to surprise you, and now we're beginning to fulfill that promise!
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Bit.com hosts AMA on The Open Network (TON)
Pavel Braverman, a quantum analyst at Darley Technologies, along with KD Chen and Toya Zhang from Bit.com held an AMA on new instruments for Toncoin (TON) available on their platform and discussed TON options.
The AMA delivered lots of useful information. Traders, in particular, will be walking away as winners because the conversation covered new financial instruments and options trading.
You can read the AMA’s transcript here:
https://blog.bit.com/how-why-you-need-to-trade-ton-options/
Any investment in cryptocurrencies carries inherent risks. Futures and options trading is not recommended for beginners.
The Playmuse marketplace has created a label allowing NFT artists in the TON ecosystem to release their songs on Spotify, Apple Music, YouTube Music, and Amazon Music and receive royalties in the form of Toncoin.
Playmuse, a The Open Network (TON)-based NFT marketplace for music and videos, has signed a partnership with French distributor Believe.
Artists who release their music through the Playmuse Records label will be able to disseminate their work to over 200 streaming services worldwide, including Spotify, Apple Music, YouTube Music, and Amazon Music, while having the option to collect royalties in Toncoin (TON).
The Playmuse marketplace is a project in the TON ecosystem that has been expanding at astonishing speeds lately. By the end of the second quarter of 2023, the company aims to onboard over 2,000 artists, many of whom are household names.
Disclaimer: Neither TON Foundation nor TON Community is affiliated with the project. Before signing any contracts, we highly recommend consulting a lawyer first.
TrueUSD (TUSD) is now live on The Open Network (TON)
TrueUSD (TUSD), a stablecoin pegged to the US dollar and audited in real time by an independent, industry-specialized accounting firm in the US, is available on The Open Network (TON) through Orbit Bridge. TUSD is among the fastest growing stablecoins in the digital token economy with a market capitalization of more than $2B.
Orbit Bridge is a cross-chain platform developed by Ozys that facilitates the seamless transfer of assets between different blockchains. Users can now store, send and receive TUSD directly on TON, as well as transfer it to other blockchains supported by Orbit Bridge.
We are excited to bring TUSD to the TON community and look forward to seeing the stablecoin deployed in many use cases for decentralized applications and transactions.
TON Community Weekly Digest
Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
▪️ The number of registered TON accounts increased from 2,355,877 to 2,394,495 (+1.6%) between March 20 and March 26, 2023.
▪️ @wallet now supports Tether tokens (USDT) on the TRON network (TRC20). You can buy, transfer and store USDT in @wallet, as well as exchange USDT for Toncoin and vice versa directly in Telegram. Read more.
▪️ Toncoin is now available on Bitfinex, one of the leading cryptocurrency exchanges, according to CoinMarketCap. Read more.
▪️ TON Foundation has launched TON Wallet Challenge with a prize pool of $60,000. We invite iOS, Android and desktop developers to take part. Read more.
▪️ Tonstarter has secured a $1.5M investment and launched the new Open Builders initiative. Read more.
▪️ A global update and redesign of the TON App catalog has been released. Read more.
▪️ The ton-company">TON & Company YouTube channel has published an interview with the founders of the TON Play gaming platform. Watch the interview.
▪️ ton-company">TON & Company has published an interview with one of the partners at DWF Labs, who shares his views on the future of the TON Ecosystem. Watch the interview.
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Tonstarter receives $1.5M investment, launches new Open Builders initiative
The Tonstarter launchpad, which started its journey in The Open Network (TON) Ecosystem as a crowdfunding platform, has transcended its original concept by launching Open Builders, a new platform that brings together all the Tonstarter initiatives in one place.
In the near future, Open Builders will release several new tools for TON builders. Meanwhile, it is already helping start-up projects with a series of initatives:
— aiding public token sales
— attracting investments with the help of the VC/Angel Investors club
— supporting an introductory course for Web3.
The Tonstarter launchpad will become part of a new large-scale platform and will continue to conduct IDOs, develop the Community Incentives loyalty program and Tonstarter Learn.
A few days ago, Open Builders also launched its first original product, Open Rating, enabling anyone to provide reviews for blockchain projects.
The Open Builders doors are wide open and the platform invites all TON builders to get involved: http://openbuilders.xyz
It should be noted that the project team recently attracted investments worth $1.5 million from Kingsway Capital, Gate.io Ventures, DWF Labs, Hexit Capital and other partners.
Bitfinex to list Toncoin (TON)
Bitfinex, the most liquid Bitcoin exchange, has announced the listing of Toncoin (TON). Henry Child, Head of Token Sales at Bitfinex, expressed excitement about TON's potential for users, describing The Open Network (TON) as "one of the most exciting blockchains in the Web3 space."
Bitfinex users will obtain access to TON via its mobile app or web platform, with advanced features available, such as margin trading, lending and staking available. Deposits for TON will be available from ≈10:00 (UTC) on March 27 and trading will commence from ≈10:00 (UTC) on March 29, with trading pairs US Dollar (USD) and Tether tokens (USDT).
The listing of TON on Bitfinex is expected to accelerate the mass adoption of the TON Ecosystem while providing Bitfinex users with more opportunities to diversify their portfolio and participate in the future of blockchain technology.
We have just reached 2,500,000 TON accounts! 🥳
The 2,500,000th TON Blockchain account has just been created!
The last major milestone of 2,000,000 accounts was reached in January 2023 and since then the network has grown by 25% in less than 3 months.
The Open Network (TON) continues to expand at an incredible rate and we'd like to congratulate the community for this breakthrough achievement!
Tonkeeper 3.0 is now available
Tonkeeper, the most popular wallet in The Open Network (TON) Ecosystem, has received a major update. Tonkeeper is now even faster, smoother, more convenient and has made the following important upgrades to the service:
▪️ From now on, all your Toncoin (TON), NFTs, and other digital tokens (including those invested in staking pools, DEXs and auctions) are displayed in a single list on the wallet's main page.
▪️ Your dApp transaction and interaction history can be viewed in the "Activity" tab.
▪️ The TON price chart has become more interactive.
The wallet team has also announced another important release:
▪️ The Tonconsole.com B2B service is now available for developers and businesses creating projects on TON Blockchain. This new solution allows you to quickly and conveniently work within TON and manage your projects through your personal account.
This update marks a huge milestone for Tonkeeper, its users, and the wider TON Ecosystem. We'd like to congratulate Tonkeeper for all their amazing work!
We are attending Europe's and Asia's largest Blockchain Summit!
Ömür Çataltepe from the TON Foundation will represent the TON community as a panel speaker at Blockchain Economy 2023 and will talk about the great opportunities in TON ecosystem to all the participants.
We invite our entire TON community to the summit that will be held in Istanbul between 8-11 May!
Website: blockchaineconomy.istanbul
Results From the TON Awards 2022 Contest: The Open Network’s (TON) Biggest-Ever Prize Fund.
Today, TON Foundation handed out awards to independent developers who developed and launched non-commercial projects on TON Blockchain in 2022.
40 teams split the total prize fund of 301,920 Toncoin (TON) ($675,000 at the time of writing), which happens to be the biggest in TON’s history.
You can find the complete list of award recipients here:
https://telegra.ph/TON-Awards-2022-04-09
We want to take this opportunity to praise the efforts and enthusiasm of the TON dev community: These teams took it upon themselves to create products, many of which required painstaking work for months on end.
Among all the participants, Oleg Baranov separated himself from the pack by creating a package of products: a TON library in Golang, TON Proxy apps, and low-level documentation. After all was said and done, Baranov took home over $94,000.
TON Foundation and TON Community would like to thank everyone who participated in TON Awards 2022!
By creating new products for The Open Network, you not only enrich the ecosystem’s app suite, but your projects help TON get one step closer to mass adoption.
Bitfinex lists Toncoin (TON)
Bitfinex, the most liquid Bitcoin exchange, has today listed Toncoin (TON), with trading in TON/USDT and TON/USD available on the platform.
Bitfinex was founded in 2012 and is currently ranked sixth in CoinMarketCap's overall rankings. Despite the current bear market conditions, Bitfinex's average daily trading volume exceeds $260M and the total asset value on the platform is $9.7B.
Orbs releases single nominator smart contract for validators on The Open Network (TON)
Orbs, a decentralized public blockchain infrastructure provider, has launched a new smart contract that improves security for validators on The Open Network (TON). This is the latest contribution to TON by Orbs, which recently set up TON Access, a decentralized RPC network for TON dApps.
The new smart contract means that even if a hacker obtains access to the validator server, the hacker will not be able to remove any Toncoin (TON). In addition to the added security, this new feature will help make TON more decentralized by encouraging individual users to participate in validation.
TON & Company Interviews the Founders of Tonkeeper.
The TON & Company YouTube channel published an interview with the founders of Tonkeeper, Oleg Andreev and Oleg Illarionov.
Many topics related to TON Ecosystem were discussed, such as:
▪️ Where we are in terms of The Open Network’s (TON) roadmap.
▪️ The future outlook of cryptocurrencies.
▪️ Tonkeeper’s development plans over the next two years.
▪️ Tonkeeper potentially adding support for USDT.
▪️ Tonkeeper’s marketing strategy.
To catch all these insights and more, you can listen to the full conversation here:
https://www.youtube.com/watch?v=A9eqg-ZDzEs
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 stats update:
▪️ The number of new accounts created on TON grew from 2,398,769 to 2,433,571 (+1.4%) between March 27, 2023 to April 2, 2023.
News:
▪️ Auction platform Fragment released a feature allowing Telegram users to pay for Telegram Premium subscriptions in Toncoin (TON). Read more.
▪️ The Open Network and the TrueUSD (TUSD) stablecoin are collaborating, with TUSD now available to all users of the TON ecosystem. Read more.
▪️ Marketplace Playmuse created a record label, enabling NFT artists to release their music on Spotify, Apple Music, YouTube Music and Amazon Music while receiving royalties in Toncoin (TON). Read more.
▪️ TON Network received a technical update. Read more.
▪️ Bit.com held an AMA dedicated to TON. Read more.
▪️ The TON DNS site received support for TON Connect 2.0.
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Fragment Powers Growth on The Open Network (TON)
Today, we’d like to profile the digital assets you can buy with Toncoin (TON) on Fragment, a decentralized auction platform launched in the Autumn of 2022.
▪️ Short, unique usernames
On Fragment, you can buy Telegram usernames in the “username.t.me” format. Fragment has implemented TON DNS technology, which means no one will ever be able to dispute ownership rights of usernames because they will all be on the TON Blockchain.
▪️ Anonymous virtual phone numbers
You can also buy a virtual phone number with a +888 code as an NFT on the TON Blockchain.
This kind of phone number cannot be used to make calls or register on third-party services. However, it can be used to create an anonymous account on Telegram.
▪️ Telegram Premium
A few days ago, Fragment added a payment option for Telegram Premium subscriptions for TON.
The new addition allows you to pay for a subscription or send one to another Telegram user as a gift.
You can find step-by-step guides on how to use Fragment here:
https://fragment.com/about
TON Network receives update on March 28
TON Foundation has always been diligent in emphasizing TON Blockchain’s stability and user protection as our top priority. The proof is on the blockchain: Since the beginning of last year, the network has not experienced a single breakdown or failure.
On March 28, the validators pushed an update that amended the network’s configuration.
The update improved:
▪️ Security against DDoS attacks
▪️ Network optimization when handling large throughput.
Over the past year, the number of accounts on TON Network has increased 14 times, with the number of transactions surpassing 120 million.
Despite the ecosystem’s meteoric growth, the blockchain’s transaction fees remain low, fast and stable.
The Open Network’s architecture gives it the flexibility to process a higher throughput comprising up to millions of transactions per second.
A stress test conducted not long ago concluded that, even if the number of validators on the blockchain dwindled to only 12, the network would still be able to handle the current load — but times 100.
TON is equipped with state-of-the-art blockchain technology and is poised for mass adoption.
Telegram Premium service now accepts Toncoin (TON).
Fragment has added an option where users can purchase Telegram's Premium subscription service using Toncoin (TON), the native cryptocurrency of The Open Network (TON).
A three, six or 12-month subscription are all available using a Tonkeeper address.
Telegram Premium is a subscription service that unlocks additional exclusive features, while helping to support the development of the app.
The ability to pay for a subscription using TON will attract a lot of new users to the TON ecosystem and bring mass adoption closer.
Hack-a-TONx DoraHacks Top-10 Team Day 1 Live Judging
Hack-a-TONx DoraHacks received 234 total submissions and now the Top-10 teams will present live to the judges.
Day 1 will host 5 teams in the following order:
— Tsunami Exchange
— 1ton
— Genlock
— Tonic Lounge
— DeDust
Don’t miss out on the chance to join the live stream and see the Top-10 teams in action vying for total prize pool of $300K.
The community vote will account for 20% of the final decision of Top-10 teams. Go support your favorite team via ton.vote (Note: Voting will begin on March 29).
TON Foundation would especially like to thank the hackathon partner, DoraHacks, and financial sponsor DWF ($50K).
DWF Labs share their insights on the future of Web3 and TON Ecosystem in a new video
In an exclusive interview, Hank, a partner from DWF Labs, talks about their decentralised Web3 investment firm and company's dedication to The Open Network (TON) Ecosystem. He shares the story of his own crypto background, the origins of DWF Labs, and discusses the team's ongoing support for TON.
Hank offers valuable insights into the future of blockchain technology, the coexistence of centralized Web2 and decentralized Web3, and the importance of raising awareness about TON in other industries. Don't miss out on this engaging conversation about the future of Web3 and the exciting developments happening in the space.
TON Foundation is launching the TON Wallet Challenge with a $60,000 prize pool.
The competition is open to iOS, Android, and desktop developers. Your task is to create a new TON Wallet application that can replace the existing wallets. Guidelines, evaluation criteria, technical requirements, and useful resources are available on GitHub.
To participate, you can submit your application through @toncontests_bot, and further information about the contest can be found on the official website.
The competition will last for 2 months and will end on May 22.
Good luck!
@wallet now supports Tether (TRC20) for easy sending, buying, and trading
@wallet, a TON-based crypto wallet on Telegram, has integrated the Tether USDT stablecoin on the Tron network (TRC20). You can now get all the advantages of USDT within Telegram and can even send USDT to your friends with no commission fee.
Tether USDT is a stablecoin whose value is pegged to the US dollar, providing stability and liquidity for the crypto market. With @wallet, you can now send, buy, sell, trade, and receive USDT. @wallet has also created a new “Swap” tab which allows you to quickly exchange USDT for TON and vice versa.
Here is a short guide on how to deposit USDT into your @wallet. Please note that at the moment @wallet only supports USDT transactions on the Tron network (TRC20).