Atomic Wallet has added TONCOIN support.
Noncustodial crypto wallet Atomic Wallet has added support for Wrapped Toncoin (ERC-20), with plans to have complete TON network support by the beginning of 2023.
Atomic Wallet is a popular hot wallet that supports over 500 crypto assets, offering anonymous swaps for more than 60 tokens with cashback rewards for every transaction.
The wallet lets users stake up to 13 PoS tokens directly within the app and allows users to buy well-known cryptocurrencies with a bank card.
The app has over 3 million downloads.
Millions of Atomic Wallet users now have a golden opportunity to get better acquainted with the TON blockchain and Wrapped Toncoin, with native Toncoin support slated to go live early next year.
Crypto exchange Bitget will list Toncoin.
The Bitget crypto exchange, a top-15 platform per CoinMarketCap, has implemented TON mainnet support and added Toncoin deposits and withdrawals. It’s also recently announced that it will launch Toncoin trading in the TON/USDT pair starting on Dec. 21.
The platform was founded in 2018 and has become a prominent crypto exchange in the industry. It’s a top-5 exchange in terms of derivatives trading volume, according to CoinGecko, serving over 8 million clients in 100+ countries.
Bitget’s daily trading average consistently surpasses $10 billion.
To bring more awareness to the listing, TON and Bitget are going to host a series of events, which we’ll go into further detail shortly.
DeDust: the TON-based DEX
A number of new DEXs have been launched in the TON network lately, and several companies have also announced the launch of their exchanges.
The TON DeFi segment is expanding, so today we are going to introduce you to the decentralized exchange DeDust, which is already active on the main network and is available for token exchange.
The following features are available to DeDust users:
▪️ Token exchange
▪️ Providing liquidity
▪️ Listing any customed-made Jettons with no fees or commissions
▪️ JUSTON, TON Wallet, Tonhub and MyTonWallet support (Tonkeeper will be added soon).
DeDust also launched its own Bug Bounty program — you can get reward for found vulnerabilities on the platform.
There're three DEXs operating in the ecosystem now: TonSwap, STON.fi, and DeDust.
Pavel Durov also recently unveiled Telegram's plans to build its own decentralized exchanges on TON and Ozys announced the upcoming launch of it's Megaton Finance TON DEX in early January 2023.
The Christmas NFT Contest is coming to an end!
We would like to remind you that the Christmas NFT Contest is going on right now, during which you can win a special carol remixed by Star.One via MFTs with Opulous and qualify in the Getgems' competition to get your Christmas image minted and placed on an open auction.
The Contest ends on Dec. 11 (Sun), 2022, at 23:59 GMT, so there is not much time left to participate!
Your task:
1. You are to find (or make) a family Christmas photo or image (format: JPG or PNG) that’s funny, thought-provoking, or simply a new take on taking such photos.
2. Submit your image to this chat or reply to one of the pinned tweets on the TON and Opulous Twitter accounts.
Please write a little description of your image in English.
Awards:
1. NFT marketplace Getgems will select the best photo or image, mint it as an NFT on TON, and open an auction, with placing the first bid at $1,000.
2. All qualified submitters will get a chance to win a raffle and receive royalties from a special carol remixed by Star.One via MFTs with Opulous, plus some exclusive accompanying art NFTs (50 editions available).
* Star.One are a UK dance act who have just remixed the song 2 Step for Ed Sheeran.
The winners will be announced on Dec. 16 (Fri), 2022.
You can find the contest rules on this website.
Good luck to all participants and Merry Christmas!
Popular TVL aggregator for DeFi DeFillama is now tracking TON.
DeFiLlama, the largest TVL (Total Value Locked) aggregator for DeFi, has begun displaying data on the TON blockchain.
The aggregator shows the total value of all assets locked into DeFi protocols, including such data, as: farming, staking, liquid staking, DEXs, and other accurate data related to a particular blockchain.
What does this event mean for the TON ecosystem?
DeFiLlama is one of the most well-known blockchain services, which almost all DeFI enthusiasts are familiar with.
Now, investors can track TON analytics, follow the dynamics of its development and get acquainted with the key TON-services.
We encourage DeFi product developers from all the TON ecosystem to list their projects on DeFiLlama!
This way you'll help to build up the full and nuanced picture of the TON TVL, and your service won't be missed by the visitors of the TON page on DeFiLlama.
To list your project, you need to follow these instructions:
https://docs.llama.fi/list-your-project/other-dashboards/listing-your-project
You can subscribe on DeFiLlama’s Telegram channel: /channel/defillama_tg
Sign up on Telegram with TON-based anonymous numbers
An important milestone for The Open Network, Telegram, and the entire decentralized world: the Telegram messenger team has launched the sale of virtual numbers with the prefix +888, placed as collectibles on the TON blockchain.
These numbers cannot be used to call or register on third-party services, but they allow users to create anonymous accounts on Telegram.
Now, everyone can log in using TON blockchain-powered anonymous numbers available on the Fragment platform and enjoy ultimate privacy.
Purchased numbers can be stored in a regular TON wallet, transferred to other users, and put up for sale on marketplaces, just like any other TON NFT.
Cryptomus, cryptocurrency payment system, has added support for TON
Crypto payment gateway for business and private use Cryptomus has added support for TON and deployed TON Connect authorization standard developed by the Tonkeeper team.
A lot of users and businesses can now use TON cryptocurrency to pay for various goods and services.
Among others, Cryptomus processes enot.io with more than 700,000 users, so from now, this platform's merchants can add TON as a payment method on their websites.
The partnership with Cryptomus is the first use case of the TON Connect authorization standard outside of the TON ecosystem. Undoubtedly, events like this bring the mass adoption of TON as a secure and fast payment method closer.
It's worth mentioning that three new TON-based DEXs tonswap.org, dedust.io, and STON.fi have also enabled TON Connect authorization standard, which means that Tonkeeper users can now exchange tokens on these platforms quickly and securely right from their smartphones or computers.
💎 Alternative TON wallets
⚫️ The journey of almost every crypto beginner starts with downloading their first non-custodial wallet for mobile or PC. In the case of Toncoin, the most popular wallet apps are Tonkeeper and Tonhub. Though some people may prefer a default TON Wallet available on every platform, these apps form the majority of crypto users on The Open Network. However, a whole bunch of wallet apps remains unrecognized by most users. Well, what is the TON ecosystem hiding?
⚫️ Juston, an iOS wallet app that became popular earlier this summer, attracted attention with its futuristic and extraordinary design. In addition to an awesome app interface, it provides several unique features which were still not added by mobile wallet giants, Tonkeeper and Tonhub. One is a web3 browser allowing you to surf the web and access the first DeFi projects on TON. Learn more about Juston on its official Telegram page — @thejuston (sadly, only in Russian).
⚫️ This fall turned out to be very productive on new apps made on The Open Network. Another member of our list is OpenMask, a simple and clear Chrome extension. Designed as an analogue to the well-known Metamask, the wallet app has improved over the last months. Thanks to a backward compatible provider with the original extension wallet, OpenMask enables users to log in to many sites — e.g., DeDust — and use multi wallets. More details are available on the Telegram channel — @openproduct.
⚫️ Last but not least is determined to bring a positive experience to non-crypto newcomers, TonSafe. Available on many mobile platforms, it strives to become a professional tool to operate with TON. As well as a myriad of currencies and languages available in the app, you can enter almost every site, thanks to Tonhub’s open-source nature. Follow its last updates on Telegram — @tonsafe.
⚫️ And even after that, that’s not all. It is mind-blowing how the TON ecosystem has expanded over the last months and how many apps, projects, and developments have appeared.
Announcing TON Smart Challenge #3
Tomorrow, Dec. 2, at 12:00 (UTC), the TON Smart Challenge #3 kicks off, offering a prize pool of 50,000 TON.
The competition is open to both seasoned TON developers and beginners ready to roll up their sleeves and work with the FunC programming language.
The tasks concentrate on fundamental aspects of TON smart contracts, such as complex manipulations with cells, organizing the storage of smart contracts, working with commentaries, basic cryptography, and the logic behind managing smart contracts.
You can find more information on the competition on our site:
https://ton.org/en/ton-smart-challenge-3
To participate, you must register via @toncontests_bot, which will send you further instructions.
The challenge begins tomorrow and ends on Dec. 23 at 18:00 (UTC).
The TON Foundation and TON ecosystem partners have announced a $126-million fund to spur the crypto market into recovery mode.
The TON Foundation and a group of independent investment partners, including DWF Labs, Darley Technologies, Hexa Capital, and TONcoin.Fund, have announced the creation of a fund with a soft commitment of $126 million in the hopes of saving crypto projects in the industry.
The fund will assist companies in developing successful and innovative products based on TON while offering support for other projects experiencing a liquidity crunch as a result of the recent FTX implosion and its subsequent ripple effects.
Part of the financing will allow existing projects to migrate to TON under the TON Foundation’s purview and consultation. It will also act as an airbag to absorb the adverse impact caused by the FTX contagion that’s been rapidly spreading across the industry.
Tonstarter, the first TON-based launchpad, is also gearing up to play a part in the initiative by offering crucial support for projects developing products in DeFi, marketplaces, social, and other Web3 sectors while attracting IDO funding and releasing tokens.
Andrei Grachev, the managing partner of DWF Labs, said:
“Together with the TON Foundation, we decided to act immediately to support the bold founders that are building the future of Web3.”
Clément Florentin, CEO of Darley Technologies, also commented on the new fund:
“In line with our mission to provide deep and reliable liquidity, we immediately agreed to commit $15 million to projects in need.”
Moreover, the TON Foundation has launched a new documentation section for talented developers, making the transition to The Open Network seamless by giving step-by-step instructions for dApps and SDK.
In a new post, Pavel Durov shared his thoughts on the FTX collapse, decentralization, mass adoption of blockchain technology, and the success of the Fragment auction platform while mentioning TON.
Читать полностью…A big Christmas NFT contest to win a carol NFT🥳
To celebrate this holiday season with the TON community, we have partnered up with Opulous to throw the Christmas NFT Contest!
Opulous is a blockchain-based platform that lets you invest in music and earn rewards every time it’s played.
Your task:
1. You are to find (or make) a family Christmas photo or image (format: JPG or PNG) that’s funny, thought-provoking, or simply a new take on taking such photos.
2. Submit your image to this chat or reply to one of the pinned tweets on the TON and Opulous Twitter accounts.
Awards:
1. NFT marketplace Getgems will select the best photo or image, mint it as an NFT on TON, and open an auction, with placing the first bid at $1,000.
2. All qualified submitters will get a chance to win a raffle and receive royalties from a special carol remixed by Star.One via MFTs with Opulous, plus some exclusive accompanying art NFTs (50 editions available).
* Star.One are a UK dance act who have just remixed the song 2 Step for Ed Sheeran.
Schedule:
1. The contest kicks off today, Nov. 28, and ends on Dec. 11 (Sun), 2022, at 23:59 GMT.
2. The winners will be announced on Dec. 16 (Fri), 2022.
Good luck to all participants!
You can find the contest rules on this website.
If you have any questions concerning the contest, drop them in the comments section of this post, and our moderators will answer them.
An official TON token generator
Last week, the TON ecosystem opened its arms to TON Minter, a service developed by the Orbs team that allows users to mint and deploy Jettons on TON. You might have already heard about it since it used to be called Jetton Deployer.
The token generator has been busy lately, undergoing a rebranding, being added to the TON Foundation’s smart contracts, and being added to the ton.org website.
As a result, TON Minter has become an official service for creating altcoins on the TON network.
Minting and launching a Jetton is a streamlined process. Users only need to complete a few quick steps:
1. Navigate to the TON Minter website and connect your TON-based wallet.
2. Set your Jetton’s base parameters: name, ticker symbol, maximum supply, and a logo.
3. Click “Deploy” and pay the network fee.
The newly minted Jettons will be sent to the creator’s address.
Elsewhere in the TON ecosystem is TonHub’s token generator, which also provides a user-friendly experience for creating Jettons.
Providing liquidity on TON DEXs
A few days ago, two decentralized exchanges (DEXs) launched in the TON ecosystem: DeDust DEX and STON.fi.
Users can now become liquidity providers, or LPs, for trading pairs on these exchanges and earn TON from transaction fees as a reward.
Each DEX has published a guide on participating in its liquidity pools:
▪️ LP guide for DeDust.
▪️ LP guide for STON.fi.
If you want to learn what liquidity pools are and why they’re essential, we recommend reading this post.
Please note:
The TON Foundation and TON Community official Telegram channels have nothing to do with the platforms mentioned above. If you invest in crypto products, you thereby incur the risks.
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 Nov. 13 to 20 grew from 1,423,525 to 1,456,235 (+2.3%).
News:
▪️ The TON ecosystem saw two DEXs launch on the same day: STON.fi and DeDust.
▪️ Hardware crypto wallet SafePal announced it would add support for TON by the end of 2022. Read more.
▪️ There was a large online gathering of Chinese developers meeting with TON Foundation representatives. Read more.
▪️ DWF Labs said it would invest $10 million in the TON ecosystem. Read more.
▪️ The TON Foundation named its first two public TON ambassadors. Read more.
▪️ Manuel Stotz, a blockchain technology enthusiast and founder of Kingsway Capital, became the newest member of the TON Foundation. Read more.
▪️ The TON Foundation published its ecosystem development plans for 2023. Read more.
▪️ TON ecosystem developers received some excellent news: Tonhub now allows products to be accessed from within its app extension. Read more.
▪️ TON Society initiated a public discussion on the TON Apps suite. Read more.
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!
The results are in for the Christmas NFT Contest 🥳
We’ve tabulated all the entries for the Christmas NFT Contest and selected winners!
50 randomly selected participants will receive royalty rights to a Christmas music fungible token (MFT) released by the Star.One group.
The contest’s jury, comprising members of the Getgems NFT marketplace, has identified the main winner, whose entry will be tokenized and put up for auction on Getgems, with the platform placing the initial bid at $1,000 in Toncoin.
Here are the 50 winners who will receive a fractionalized MFT (The Opulous members will contact you in January):
/channel/ChristmasNFTContest/1773
The list of the winners is also available here:
https://telegra.ph/The-50-winners-of-the-Christmas-NFT-Contest-12-16
And here is the main winner’s entry:
/channel/ChristmasNFTContest/947
Getgems commented on its selection:
"We want to sincerely thank everyone for sharing their creativity and vision with us by taking part in the competition. Regarding the winning artwork, we loved its detailed, modern take on the classic family photo, complete with tech references and magical holiday spirit!
We are now arranging the auction for the winning piece later this month.
Stay tuned for more!”
The Opulous team also expressed its gratitude to the participants:
"We want to give a big thank you to everyone who participated in the competition and created their Xmas artwork. Congratulations to the winning artwork; we all thought that it was 'out of this world'! Everyone who won a 'Silent Night' MFT will be contacted in January. Have a great Xmas, all!"
We’ll join Getgems and Opulous and congratulate all the contest’s winners and thank everyone who participated!
TON Smart Challenge #3 is in full swing!
We would like to remind you that the TON Smart Challenge #3 competition for smart contract developers with a prize pool of 50,000 TON is going on.
This contest is open to both seasoned TON developers and beginners ready to roll up their sleeves and work with the FunC programming language.
You can find more information on the competition on our site:
https://ton.org/en/ton-smart-challenge-3
To participate, you must register via @toncontests_bot, which will send you further instructions.
The TON Smart Challenge #3 ends on Dec. 23 at 18:00 (UTC).
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 Dec. 4 to 10 grew from 1,519,074 to 1,572,656 (+3.5%).
News:
▪️ The Telegram team launched the sale of virtual numbers based on TON, which allow users to create anonymous accounts on Telegram. Anonymous numbers are available on the Fragment platform. Read more.
▪️ Cryptomus, cryptocurrency payment system, added support for TON. Read more.
▪️ The official ton.org website was updated: the TON Blog section and a new section for developers were launched. Read more.
▪️ The TON Community survey kicked off. Take part to make our community better.
▪️ DeFiLlama, the largest TVL aggregator for DeFi, started tracking TON. Read more.
▪️ Ozys announced the launch of Megaton Finance, a new DEX based on the TON blockchain. Read more.
▪️ The Christmas NFT Contest ends in a matter of hours! Take part in the contest.
▪️ The Tegro team completed testing the Libermall NFT Marketplace on the TON testnet and intends to launch the platform in the mainnet by the end of the year.
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!
Ozys announces the launch of Megaton Finance, a new DEX based on the TON blockchain
One of South Korea's leading blockchain company, Ozys, announced the upcoming launch of a TON mainnet decentralized exchange (DEX). The full launch is expected in early January 2023.
The new DEX, named Megaton Finance is a multi-chain DeFi-protocol that aims to expand the cross-chain popularity of the TON ecosystem and use cases of the TON blockchain.
The platform will usher in the liquidity of major assets such as ETH, WBTC, USDT, USDC, DAI, and MATIC upon its release. It is notable that Ozys has previously built Klayswap and Meshswap for Klaytn and Polygon mainnets, respectively.
Leading up to the launch, Megaton Finance will hold several new user promotions and airdrops upon completion of certain tasks such as joining the community channels, downloading and sending Toncoin to major TON wallets, utilizing the cross-chain bridge, and providing liquidity seeding to the new TON pair pools on their existing Klayswap and Meshswap protocols. These events will prepare new and current users to help Megaton Finance with liquidity and word-of-mouth.
The suite of cross-chain enabling products that Ozys is building (Orbit Bridge and Megaton Finance) will contribute to the expansion and mainstream adoption of the TON ecosystem.
With the suite of DEXs appearing on TON, including Ston.Fi, Scaleton, DeDust, TonSwap, and more, we are excited at the prospects of a future growth in total value locked on TON.
Visit the Megaton Finance pre-launch website for details on aforementioned promotions.
We need your help to make the TON Community better!
As you know, on the TON Community channel we cover the life of the TON project and publish information about important events and useful products.
However, we would like to know more about you, our readers, specifically about your cryptocurrency experience and knowledge about the world of blockchain and DeFi.
This will help us create more interesting and valuable content.
Please take part in the survey:
https://ton-org.typeform.com/to/eTQDqVfY
It won't take long, but will help us become better.
The ton.org website now has a new TON Blog section, a section for developers, and an updated documentation section.
In the middle of November, new sections appeared on the official ton.org website.
▪️ The TON Blog section has been launched.
This is the official TON Community's blog, where materials about important events from the TON ecosystem, articles written by TON representatives and ambassadors, and materials written by ordinary members of the ecosystem are published.
Any user can submit a post to be published on the blog.
To do this, go to blog.ton.org, click "SUBMIT YOUR POST", and send the text to the editors for approval.
Materials are accepted in English.
▪️ A new section for developers has been launched.
This is a webpage that brings together the most important tools, tutorials, and guides for blockchain developers.
▪️ The documentation section has been updated.
All the TON blockchain documentation has been moved to the official ton.org website.
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 Nov. 27 to Dec. 3 grew from 1,494,086 to 1,514,996 (+1.4%).
News:
▪️ Pavel Durov unveiled Telegram's plans to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges, announced new features of Fragment, and shared his thoughts on the FTX collapse. Read more.
▪️ TON Smart Challenge #3, a competition for smart contract developers with a prize pool of 50,000 TON, was launched. Read more.
▪️ The @wallet team released a major update. Read More.
▪️ The TON ecosystem will see a new launchpad: with support from the Tegro team, fundraising platform GAGARIN is starting to integrate into the TON blockchain. Read more.
▪️ The big Christmas NFT Contest kicked off, in which unique NFTs will be raffled off. All the TON Community members are welcome to participate!
▪️ The AMA session with representatives of the TON-based sports projects was held. Read more.
▪️ The TON Foundation and TON ecosystem partners announced a $126-million fund to spur the crypto market into recovery mode. Read more.
▪️ The TON blockchain was connected to the cross-chain Orbit Bridge. Read more.
▪️ The TVL (Total Value Locked) of the TON-based STON.fi DEX exceeded $500,000.
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!
The @wallet team has announced the next wallet update. Among the new features are a new user interface for sending and receiving TON, support of “.ton” domains, simple access to the wallet address, and a QR code for account funding.
The update allows you to transfer TON to other Telegram users not just quickly and for free but also to any TON address, including TON DNS domains. You can already test the new feature by pressing the "Send" button in the @wallet interface.
In addition, the new "Receive" section has greatly simplified access to the wallet address. @wallet users now have a QR code, and you can share your TON address with a few clicks.
The developers welcome users to share feedback and opinions on the wallet in the Wallet News channel comments. And we will continue to monitor the bot's updates and share them with you.
The TON blockchain will be connected to the cross-chain Orbit Bridge.
Orbit Bridge is a multi-chain bridge service with token conversion between mainnets with current support of 19 blockchains and 84 tokens. The platform is by Ozys, a South Korean blockchain company with additional TON development roadmap, including a TON native DEX scheduled for release on early January 2023.
The service has over $12.3 billion worth of assets locked and undergoes a quarterly security audit. Since its launch in 2020, Orbit has not suffered a breach.
Supported tokens on Orbit Bridge to and from TON ecosystem will include:
Ethereum-based tokens (51): WBTC, ETH, USDT, USDC, DAI, etc.
Polygon-based tokens (4): MATIC, MESH, etc.
Klaytn-based tokens (10): KLAY, KSP, etc.
Orbit Bridge Validators include leading names in the crypto industry, such as First Stage Labs, TON Ecosystem Builders, Cosmostation, Neoply, DSRV, M-block, Despread, Move Labs, B-harvest, Ozys, and more.
Ozys is currently developing its own TON-based DEX, which will launch early January 2023.
Justin Hyun, Head of Incubation at the TON Foundation, shared his comments on the occasion:
“With the introduction of TON as the latest mainnet on the Orbit Bridge, a host of new users will be introduced to the TON ecosystem. Vice-versa, TON users will be excited for the opportunity to hold stablecoins on TON mainnet. While mainnet native minting is our ultimate goal, we believe that multi-chain solution unlocks new potential for the TON ecosystem. Users that port over to TON will experience the advantages that our blockchain holds over its peers.”
Note: It is important for users to access the authentic website. There are other sites with deceiving names designed to trick unfamiliar users and we encourage our community to employ good security practices.
The blockchain industry was built on the promise of decentralization, but ended up being concentrated in the hands of a few who began to abuse their power. As a result, a lot of people lost their money when FTX, one of the largest exchanges, went bankrupt.
The solution is clear: blockchain-based projects should go back to their roots – decentralization. Cryptocurrency users should switch to trustless transactions and self-hosted wallets that don't rely on any single third party.
We, developers, should steer the blockchain industry away from centralization by building fast and easy-to-use decentralized applications for the masses. Such projects are finally feasible today.
It took only 5 weeks and 5 people including myself to put together Fragment – a fully decentralized auction platform. We were able to do this because Fragment is based on The Open Network, or TON – a blockchain platform that is fast and efficient enough to host popular applications (unlike Ethereum, which unfortunately remains outdated and expensive even after its recent tweaks).
Fragment has been an amazing success, with 50 million USD worth of usernames sold there in less than a month. This week, Fragment will expand beyond usernames.
Telegram's next step is to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges for millions of people to securely trade and store cryptocurrencies. This way we can fix the wrongs caused by the excessive centralization, which let down hundreds of thousands of cryptocurrency users.
The time when the inefficiencies of legacy platforms justified centralization should be long gone. With technologies like TON reaching their potential, the blockchain industry should be finally able to deliver on its core mission – giving the power back to the people.
An AMA about Web3, TON, and soccer.
Today at 16:00 (UTC), the Getgems marketplace will host a live AMA in Twitter Spaces with representatives of the three TON-based sports projects: Fanzee, Fanton and the World Cup 2022 collection.
Participants are to discuss the FIFA World Cup Qatar and the Web3 projects supporting this grand championship:
▪️ How does Web3 interact with the world of sports?
▪️ Why are many sports Web2 brands moving to Web3?
▪️ Which TON-based projects are involved in creating synergy between Web3 and the world of sports?
▪️ How can Web3 and sports integrate in the future?
Join the AMA to participate in a giveaway and get a chance to win one of the special NFTs.
Getgems encourages all sports enthusiasts to join the AMA today at 16:00 (UTC).
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 Nov. 20 to 26 grew from 1,463,228 to 1,490,742 (+1.9%).
News:
▪️ An official Jetton generator on TON, TON Minter was launched. Read more.
▪️ Tonscan.org pushed an update that allows anyone to view the source code of all TON Foundation-verified smart contracts.
▪️ Guides on providing liquidity for the DeDust and STON.fi decentralized exchanges were published. Read more.
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!
💡⠀TON Bridge: How does it work and how do the commissions calculate?
We are excited to introduce a new category to our channel: guest posts. Developers and project creators are welcome to contact us to discuss the peculiarities of The Open Network blockchain, and we will happily mention them. Our first guest: @oxlti, protocol architect QubeDAO Network, who is ready to tell you more about TON Bridge. Here we go!
⚫️ “TON Bridge is a Toncoin bridge that connects the Ethereum and Binance Chain networks (both are EVM blockchains, so the code is almost the same). Toncoin on ETH and BNB is secured by Toncoin on the TON blockchain. To withdraw from the ETH/BNB blockchains in The Open Network, you need to burn the Wrapped Toncoin.
⚫️ The bridge itself is a miniature of a Proof-of-Stake network (don't confuse it with a blockchain): there are oracles that facilitate the bridge's operation. Therefore, the TON Bridge is a multi-node bridge, which means that it is operated by more than one node. This makes it more secure since, unlike many other bridges with a single node, you will need to get control over 2/3 of all nodes to hack the TON Bridge. As a result, single-node bridges are much easier to hack, whereas each transaction using the TON bridge must be confirmed by a vote of 2/3 of the Oracle stake.
⚫️ To become an oracle of the bridge (possible for anyone), you need to do almost the same thing validators do: you must have an oracle stake (a deposit of a certain amount of Toncoin), and then specify two public keys for the TON and Ethereum sides.
Each change in configuration (the number of oracles and their stake) is verified by validators.
⚫️ Oracles must pay since there is no independent inflationary mechanism (like validators) in their activity and it is important to incentivise them to work. For this reason, the commission in the bridge was increased to 5 Toncoin, which is distributed as follows: 3 Toncoin goes to all oracles as payment for their work, and 2 Toncoin goes to pay for transaction gas.”
🖊 Recently, the developers of QubeDAO Network succeeded in launching the first oracle on TON (as mentioned earlier). We wish the project the best of luck in its promotion!
GameFi launchpad TON Play officially goes live.
The platform is ready to onboard gamers and already offers 10 games in the following genres:
▪️ Strategy
▪️ Shooters
▪️ Card games
▪️ Finance simulators.
Meanwhile, to celebrate the launch, TON Play has announced two competitions for gamers:
TON Play Lottery
Playing a game will award you tickets every three minutes. Ticket holders will be able to participate in prize giveaways, which will happen over the next five weeks on Sundays.
TON Play Feedback Contest
Participants of this contest will have to play two games and leave reviews for both of them. Winners will be announced on Jan. 1, 2023.
You can find more information on the contests here:
/channel/tonplayinsider/132
The STON.fi DEX has officially launched.
Yesterday, the TON-based STON.fi decentralized exchange went live.
Users can now trade tokens and become liquidity providers.
The only tokens available for trading are TON, FNZ, and WTON.
It’s important to note that the DEX’s total volume locked, or TVL, surpassed $100,000 only one hour after launching.
Another platform had the pleasure of launching yesterday as well, the DeDust DEX, a decentralized exchange on TON, which we’ll go into further detail soon.