Fanton secures $300,000 in pre-seed funding
Fanton, a leading play-to-earn (P2E), NFT-based fantasy football game on The Open Network (TON), has raised $300,000 from top-tier investors. Fanton is now valued at $5M. To date, over 50,000 users have played Fanton and this number is growing every day. This substantial financial support, combined with the company's devoted user base, is paving the way for Fanton to obtain unicorn status, marking a major milestone for TON Ecosystem's SocialFi sphere.
Fanton allows you to build your own virtual football team using NFT cards. Each card represents a real player who performs in real matches. You can earn points based on your players’ actions in the real world, and win Toncoin or more NFT cards.
Fanton's founder and COO, Vadim Sterlin, highlighted the company's revenue generation, consistent 20% weekly growth and innovative use of TON technology as evidence of the company's huge potential. Fanton is building up a substantial community on Telegram. Now, with the support of top-tier investors such as First Stage Labs, Fanton is on its way to revolutionize TON Ecosystem's P2E landscape.
A new Telegram update allows developers to assign custom usernames to bots using Fragment
Telegram has introduced a new feature that enables developers to assign any username purchased on Fragment to their bots without having to follow the usual bot suffix rule. Previously, every new bot created in Telegram had to end with the special bot suffix, which limited developer creativity and branding possibilities.
Fragment is a decentralized marketplace, operating on TON Blockchain, for buying and selling Telegram usernames. Now, in exchange for 5,000 Toncoin, developers can use any username for their bot which they have purchased on Fragment.
Onramp now supports Toncoin (TON) purchases via UPI/IMPS transfers
Onramp, the leading service for converting fiat-to-crypto in India, has integrated support for TON Blockchain. You can now instantly buy Toncoin (TON), as well as more than 200 other cryptocurrencies, with the Indian Rupee (INR) using Onramp. To get started, visit the Onramp website and turn INR into TON today!
First Stage Labs has released new research on the latest developments in decentralized finance (DeFi) on The Open Network (TON) in Q1, 2023
TON has seen a massive proliferation of DeFi projects and an increase in TVL during Q1, 2023. TON is now laying the groundwork to become one of the leading platforms for DeFi innovation and adoption. In this new Medium post, FSL explores current and future DeFi projects on TON, comparing TON’s performance with other blockchains while identifying the drivers of TON’s TVL growth.
Please check out FSL's latest post and subscribe to the Medium channel for more insights into TON Ecosystem.
TON Foundation publishes Q1 2023 results
It has been an extremely productive past three months on The Open Network (TON):
▪️ The number of registered TON accounts and transactions has increased by 25%.
▪️ The TON decentralized finance (DeFi) sphere has grown significantly.
▪️ Toncoin (TON) has been listed on two top CEXs, which are currently ranked in CoinMarketCap's top five and 15, respectively.
▪️ There have been several core audits on TON.
▪️ The TON community as a whole has celebrated a number of important events.
Please read the full report here:
https://telegra.ph/TON--Results-from-Q1-2023-04-18
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 registered TON accounts increased from 2,463,654 to 2,502,589 (+1.6%) between April 10 and April 16, 2023.
News:
▪️ The first unlimited bridge for ERC-20 tokens has been officially released. Read more.
▪️ Tonkeeper, the most popular wallet in the TON ecosystem, has released a huge update. The app has enhanced its services and is now even faster, smoother and more convenient. Read more.
▪️ TON will take part in the Blockchain Economy Istanbul Summit 2023, the largest blockchain summit in Europe and Asia. The summit will be held in Istanbul on May 10-11, 2023. Read more.
▪️ The ton-company">TON & Company YouTube channel has released an interview with Andrey Pfau, a developer from TON Foundation’s core team. Watch the interview.
▪️ We are celebrating TON reaching the major milestone of 2,500,000 accounts. Read more.
Subscribe and be the first to receive updates from The Open Network (TON) Ecosystem.
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.
Subscribe and be the first to receive updates from The Open Network (TON) ecosystem.
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 Community Weekly Digest
Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered TON accounts increased from 2,502,589 to 2,528,599 (+1%) between April 17 and April 23, 2023.
Ecosystem News:
▪️ TON Foundation has published its Q1 2023 results. Read more.
▪️The First Stage Labs team has released a new study on the TON decentralized finance (DeFi) sector in Q1, 2023. Read more.
▪️ The ton.org official website has received a huge update and now includes a completely new design as well as Chinese and Portuguese language support. Read more.
▪️ The leading fiat-to-cryptocurrency conversion service in India, Onramp, now supports Toncoin (TON). Read more.
▪️ TON took part in the Hong Kong Web3 Festival. Read more.
▪️ Telegram now allows users to bind collection names purchased on Fragment to bots. Read more.
Subscribe and be the first to receive updates from The Open Network (TON) Ecosystem.
The Open Network (TON) takes part in the Hong Kong Web3 Festival
TON Foundation's Asia-based team and ecosystem projects actively participated in the Hong Kong Web3 Festival. During the festival, the team got involved in many events and organized numerous high-level meetings with potential partners.
One of the big highlights of the festival was a speech by TON Foundation’s Business Development Head in China. He used the event to discuss the latest developments in the ecosystem and conduct an on-site airdrop demonstration using @wallet.
Besides this, an innovative decentralized lending protocol based on TON called TONLend was also showcased. It works by leveraging TON Blockchain’s high-performance and low-gas technology to provide competitive interest rates.
The ton.org website has received a major new update and now includes Portuguese language support
Ton.org, the official website of The Open Network (TON), has recently been updated to provide the community with a more modern interface that enhances the overall user experience. Ton.org is the main source of information and resources for the TON community. The website provides an overview of the our ecosystem's vision, different spheres, roadmap, and governance.
The new ton.org site also now features a Portuguese language option. We believe that language should not be a barrier to access the benefits of TON, and we are committed to providing a multilingual platform that caters to the needs and preferences of our diverse and global community.
❓ What are stablecoins and how to get them on TON?
A stablecoin is a cryptocurrency whose value is tied to the value of a specific asset — the US dollar, for example. Stablecoins in the TON network are Jettons, which we have covered in depth in our previous post.
Stablecoins can be a reliable tool for storing assets and protecting them from volatile token price fluctuations.
Why are stablecoins necessary for the development of a blockchain?
Stablecoins allow you to easily manage your assets. Unlike traditional financial instruments, you can conduct transactions and payments quickly and easily, avoiding multiple hurdles. This advantage is especially valuable for international transfers, where stable Jettons can substantially speed up the process while reducing fees and currency exchange costs.
The DeFi market on TON is still in its early stages. We hope that in the future there will be a number of new services that actively employ stablecoins: DEXs for futures trading, lending protocols, smart contract casinos, and others.
🎁 How to get stablecoins on TON?
Although The Open Network does not yet have its own stablecoin, it is still possible to purchase stable currencies. The RSquad bridge will help you with this.
Today, TON Foundation has finally released a bridge to transfer tokens from the Ethereum network to the TON network and vice versa. The current TON Bridge will be upgraded with new functionality.
The TON Trustless Bridge is planned to go live in the third quarter. It is a special bridge with unique features, whose security is guaranteed by the blockchain itself. Once it’s released, users will be able to create Jettons on other networks.
☝️ DeDust DEX | DeDust Telegram | DeDust Chat | Scaleton 🏞️
TON Foundation's Head of Incubation, Justin Hyun, is one of the judges at Web3Port's Demo Day
Justin Hyun, Head of Incubation at TON Foundation, will be participating as a judge at the Web3Port Entrepreneur Acceleration Winter 2022 Demo Day, an entrepreneur accelerator bootcamp.
Mr Hyun will weigh up the pros and cons of pitches from a variety of startups, including Bluesea, Capshort, INK Finance, SAO Network, Volare, Web3Go, Cyber8Ball, Nama Finance, Prestare Finance, Dsign, Gamephylum, and Autonomy.
The Demo Day begins at 17:00 UTC on April 18, 2023.
TON Foundation will soon start to work with blockchain accelerators and collaborate with some of the most innovative new projects in the Web3 space, who will be contributing to The Open Network (TON) Ecosystem.
Web3Port Entrepreneur Acceleration is a program where all partners can interact with selected startups and help them improve. The goal is to help startups have a product with more users, and to have more options for raising money.
Web3Port Entrepreneur Acceleration is held four times a year with around 20 projects in each batch. All projects will be gathered together for 8-12 weeks to dive into content, courses, and lectures about tokenomics, Web3 product design, fundraising, and community building.
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.
Subscribe and be the first to receive updates from The Open Network (TON) ecosystem.
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!
DEX | Chat ENG | Chat ID | Chat VN | Chat RU | Twitter | Discord | Reddit | LinkedIn
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.