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 has increased from 2,732,649 to 2,764,421 (+1.2%) between June 5 and June 11, 2023.
Ecosystem News:
▪️ The second round of TON grants for Q2, 2023 has been approved. The list of new supported projects is available here.
▪️ DeDust, STON.fi, and Megaton Finance, popular TON-based DEXs, are currently offering high interest rates to liquidity providers for certain trading pairs. This promotion has been made possible thanks to the Liquidity Mining Rewards Campaign. Read more.
▪️ The STON.fi DEX has introduced a new Rust SDK and FunC library for developers. Read more.
▪️ A new TWA Challenge for developers has been launched with a $60,000 prize pool. Read more.
▪️An offline meetup called "Telegram Games: What's in It for Game Developers?" was held in Istanbul, catering specifically to game developers. Read more.
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STON.fi introduces their new Rust SDK and FunC library to kickstart ecosystem development
STON.fi, one of the biggest DEXs in TON Ecosystem, has released a Rust SDK. This software development kit enables developers to seamlessly integrate STON.fi features into their own products using the popular Rust programming language. Additionally, STON.fi has shared their FunC snippet library, which aims to simplify TON smart contract development. The introduction of this Rust SDK and FunC library is poised to make TON development much easier and accelerate the launch of many innovative products within the ecosystem.
Join us for an offline gamedev meetup: "Telegram Games: What's in It for Game Developers?"
We are excited to announce the TON Play meetup, where we'll discuss the potential of Telegram for game developers and explore whether it can truly become the WeChat 2.0 of gaming.
📅 June 9th, 2023
⏰ 4:00 PM
📍 Şişli, Istanbul, Turkey (we'll send the exact address later)
Please note that registration is required, as the number of participants is limited. Three days before the event, you'll receive an email with all the details. See you in Istanbul!
Register here 👈
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 has increased from 2,699,705 to 2,729,362 (+1%) between May 29 and June 4, 2023.
Ecosystem News:
▪️ TON Community proposed to introduce a mechanism to burn 50% of network fees. The community is voting on this initiative right now and we encourage all of you to get involved. Cast a vote.
▪️ TON Foundation released the most significant TON Virtual Machine (TVM) update to date. This makes TVM one of the most versatile virtual machines available and allows developers to create even more diverse smart contracts, services, and products on TON. Read more.
▪️ A new TVM Challenge with a 30,000 Toncoin prize pool has been launched for smart contract developers. Read more.
▪️ TON Foundation launched a new $720,000 Liquidity Mining Rewards Campaign. Read more.
▪️ Trust Wallet, a leading non-custodial crypto wallet with +60M downloads, has introduced support for TON and Toncoin on Android and iOS devices.
▪️ bemo has partnered with DWF Labs to launch the first liquid staking protocol in the history of TON Ecosystem. Read more.
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Announcing a new TVM Challenge contest for smart contract developers offering a prize pool of 30,000 Toncoin!
We invite developers to join the new TVM Challenge competition to demonstrate their skills and explore new options for using opcodes, which will be presented in the upcoming TVM update.
The projects will be evaluated according to several criteria: relevance, efficiency, uniqueness of the idea, and technical complexity. Read more in the TON blog here.
The competition will last three weeks from June 2 to June 25, 2023.
Applications will be accepted until June 18 at @toncontests_bot. You can find all the necessary tools in this post or on the contest page in “TON Blog.”
Good luck to all participants!
GameFi on The Open Network in full effect
There is a game on TON blockchain dedicated to the Brazil football championship. You can choose your favorite players from Flamengo, Sao Paulo, Palmeiras, Santos and other teams in Fanton Fantasy.
Football fans and TON enthusiasts can combine their passion for sport and crypto by playing Fanton tournaments dedicated to Brazil championship Brasileiro Série A.
Fanton is a play-to-earn game in the fantasy genre, where the players' real-life performance affects your in-game points. Thousands of TON enthusiasts can play football fantasy, tapping into their inner footballer world.
Gaming would suit the ecosystem as a catalyst for new blockchain users. And the more such games exist are on TON, the closer we are to the Web3 world reaching mass adoption.
The official Fanton community on English is here, and you can play in the nearest tournament in the Fanton web-app bot. The entry requires only 3 TON and you can win 200 TON for the first place. Also you can choose to play for free only.
TON Foundation launches $720,000 liquidity mining rewards campaign
TON Foundation has introduced a liquidity mining campaign, offering $720,000 worth of Toncoin (TON) in rewards, with the goal of attracting users from different blockchains to join TON Ecosystem. Scheduled from June 5 to June 30, this campaign is designed to boost network liquidity by incentivizing crypto users to contribute their tokens to the ecosystem, with a special emphasis on Tether (jUSDt), USD Coin (jUSDC), and Wrapped Bitcoin (jWBTC) jettons.
Several prominent DEX protocols, including Megaton Finance, DeDust, and STON.fi, will be participating in the campaign, with the $720,000 allocation in TON being distributed between them. This program forms part of a broader ecosystem effort to bolster DeFi liquidity.
For the latest updates on the TON DeFi space, check out this channel. Stay tuned for more DeFi announcements in July.
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 has increased from 2,664,884 to 2,693,361 (+1%) between May 22 and May 28, 2023.
Ecosystem News:
▪️ An exclusive interview with TON’s technical lead, Anatoliy Makosov, has been published. Read the interview.
▪️ MEXC crypto exchange has canceled all fees for Toncoin transactions. Read more.
▪️ Tangem’s hard crypto wallet now supports Toncoin. Read more.
▪️ TON Foundation launched TON Ambassadors and is inviting crypto enthusiasts and Web3 specialists to join the program. Read more.
▪️ A new Hack-a-TON x DWF Labs x AWS hackathon with a first place prize of $150,000 has started. Read more.
▪️ TON Wiki Challenge continues, and everyone is welcome to contribute to TON’s Wikipedia articles in all languages! Read more.
▪️ Finger Labs, a South Korean blockchain laboratory, announced a new collaboration with TON. Read more.
Subscribe and be the first to receive updates from TON Ecosystem.
The TON Wiki Challenge is still on!
The TON Wiki Challenge is a contest for people who want to contribute to the development of The Open Network (TON) and help create TON pages on Wikipedia in all languages.
The prize fund of the competition will be at least $5,000 (in Toncoin), and the best participants will get a chance to work at TON Foundation.
To participate, you must register via @toncontests_bot. Articles will be accepted until June 4, 21:00 (UTC+4).
You can find more details about the TON Wiki Challenge here.
TON Foundation launches TON Ambassadors
TON Foundation has launched the long-awaited TON Ambassador Program and is inviting all crypto enthusiasts and Web3 professionals to become TON Ambassadors.
Program participants will be offered early access to new developments, direct contact with TON Foundation figures, exclusive meetings, access to partnership opportunities and consultations, potential internships, career opportunities, high-quality mentorship programs, and the prestigious title of TON Ambassador.
The aim of this new initiative is to nurture the TON community and help crypto enthusiasts build a professional career in Web3.
You can apply to TON Ambassadors using this form.
More information about the initiative can be found on the official TON website.
Keep your Toncoin (TON) safe with Tangem’s cold wallet
Tangem is collaborating with The Open Network (TON) to offer a 10% discount on its cold wallet using the promo code "TON10". Tangem has introduced support for Toncoin (TON), allowing you to securely store your holdings and protect yourself from hacking, phishing or malware.
Tangem provides physical, cold storage cards that enable you to save and manage your crypto offline while still being able to send and receive TON using your smartphone. Although self-custody may seem daunting at first, it grants you control over your assets and the peace of mind of using the most secure method to keep your crypto safe.
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 has increased from 2,633,200 to 2,660,844 (+1%) between May 15 and May 21, 2023.
Ecosystem News:
▪️ TON Accelerator Program has announced that it will allocate up to $25 million this year to projects that have the potential to make a significant impact on the expanding TON Ecosystem. Read more.
▪️ A new TON Wiki Challenge is being held, where you have the opportunity to update the TON Wikipedia page in different languages. Read more.
▪️ A new massive Hack-a-TON event has been announced, jointly hosted by DWF Labs and AWS Startups, featuring a prize pool of 150,000 TON. Registration will open soon. Read more.
▪️ TON Foundation has announced the latest grant recipients for Q2 2023. Read more.
▪️ Mooli, a crypto portfolio tracker which recently added support for TON, now allows users to track staked coins in the TON Whales staking pool.
▪️ AltcoinBuzz">AltcoinBuzz, a cryptocurrency YouTube channel with more than 400,000 subscribers, has released a video about TON Blockchain and Toncoin. Watch the video.
▪️The ton-company">TON & Company YouTube channel has released an interview with Sergey Chikirev, the co-founder and technical director of the Tonstarter launchpad. Watch the interview.
▪️Mask Network has announced an investment in The Open Network to further develop the ecosystem. Read more.
Subscribe and be the first to receive updates from TON Ecosystem.
TON Diamonds has published a video report about the Focus Art Fair in New York, which presented a series of NFT pieces based on TON.
Thousands of art lovers, artists, and curators visited the Focus Art Fair, which began on May 17 and ended today.
Please check out the video report and appreciate the beauty of TON NFTs!
Hack-a-TON x DWF Labs x AWS Startups offers up to 150,000 Toncoin in prizes
Hack-a-TON, in collaboration with DWF Labs and AWS Startups, is hosting another massive event giving users the chance to win 150,000 Toncoin (TON) in prizes. Registration will open next week, followed by an online build phase. The final offline hackathon round will take place in Singapore on September 11-12. Participants will also have the opportunity to take part in workshops and learn from 12 industry-leading mentors.
Don't miss out on this incredible opportunity to showcase your skills and be in with a chance to win a share of the 150,000 TON prize fund! Register next week to get involved!
The Open Network (TON) has featured on the AltcoinBuzz Channel
The popular YouTube channel AltcoinBuzz">AltcoinBuzz, which has over 400,000 subscribers, has published a new video titled Next BIG UNDERVALUED Crypto. In this video, the host introduces his viewers to TON Blockchain and its native cryptocurreny, Toncoin, providing insights into the network structure, ecosystem and perceived future potential.
The opinions outlined in this video will be of interest to both newcomers and long-time TON enthusiasts. However, please remember that this content should not be viewed as investment advice. Check it out here!
We have launched TWA Challenge 😎
The goal is simple — create exceptional Telegram Web Applications based on TON in one of five exciting tracks: Games, Entertainment, Finance, NFT, or Social. To help you succeed, we have curated a repository filled with essential tools, component library, documentation, and tutorials to assist you on your development journey:
💎 TWA repository
💎 Web Apps for Bots
💎 firststagelabs">Figma
Submit your project name, prototype, GitHub repo, and optional presentation to @toncontests_bot until 27 of July. Remember, we value open-source contributions, so make your repository public after the end of the contest. The judges will evaluate your project based on the uniqueness of your TWA idea, your prototype's functionality, the presence of an open-source code repository, and the optional presentation.
The top 6 TWA projects across all tracks will share a prize pool of $60,000 in TON cryptocurrency. Whether you're a solo developer or a team, multiple TWA projects within the same track have the chance to win! More details are on the website.
P.S. Your feedback on the current TWA documentation is highly appreciated, and the best contributors will be recognized at the end of the contest.
Good luck with your TWA creations 🫰
Earn up to a 174% annual yield by farming Toncoin
The popular TON DEXs, DeDust, STON.fi and Megaton Finance are currently offering special liquidity supply conditions for several select trading pairs.
DeDust:
TON/jUSDT: 164.26% APR
TON/jWBTC: 84.18% APR
TON/jUSDC: 181.9% APR
STON.fi:
TON/jUSDT: 111.46% APY
TON/jWBTC: 139.31% APY
TON/jUSDC: 128.65% APY
Megaton Finance:
WTON/jWBTC: 146% APR
jUSDT/WTON: 92% APR
jUSDC/WTON: 131% APR
These exclusive rates are possible thanks to the newly-launched Liquidity Mining Rewards Campaign. This unique $720,000 program is specifically designed to boost TON Ecosystem's TVL.
Every TON holder now has the opportunity to become a liquidity provider and contribute to the growth and development of TON DeFi.
TON Foundation has approved the Round 2 grants for Q2 2023
These projects have been carefully selected for the innovative solutions they offer the community, and we strongly believe they deserve our support.
1️⃣ Wagmi11: A decentralized prediction marketplace for crypto, sports, and more! Join the community and make accurate predictions.
2️⃣ A6g.events: A ticketing protocol for TON. Securely purchase, manage, and verify the authenticity of tickets. Say goodbye to fraud!
3️⃣ Tact Foundation: Tooling and documentation for Tact language. Build on TON with ease using examples, standards, and an online IDE.
4️⃣ Questbook: Better grants management with Telegram and TON integration. Stay informed with notifications, receive direct payouts, and enjoy Tonkey multi-signature wallet functionality.
5️⃣ Nujan IDE: Effortlessly program TON smart contracts with this online IDE. No setup required; simply write, test, and deploy with ease. Fast, user-friendly, and accessible.
Join the community, submit your proposal, and support innovative ideas! Let's shape the future of TON together.
Find out more on TON Blog: https://blog.ton.org/ton-grants-2023-q2-r2
Attention TON holders
TON Community has proposed implementing a deflationary mechanism to burn 50% of all network fees, including transaction and storage fees, in order to decrease the circulating supply.
Cast your vote on the proposal and make your voice heard. The community vote is open to everyone with a TON balance in their wallet. Voting starts today, 5 June, and ends on 13 June. Subsequently, the TON validators' vote will be held on 15 June. For the proposal to pass, at least 70% of all validators must vote in favor of the deflationary mechanism.
Cast your vote ⏬
https://shorturl.at/iNQX7
To learn more about the proposed deflationary mechanism, check out our blog 👉https://blog.ton.org/ton-community-proposal-to-implement-toncoin-real-time-burn
TON Community proposes burning 50% of network fees
The TON Community has proposed implementing a deflationary mechanic to burn 50% of all transaction fees, including transaction and storage fees, decreasing the Toncoin circulating supply.
This initiative is an essential step for the future development of the ecosystem, which unites the interests of users and validators.
TON validators receive staking rewards from two sources – transaction fees paid by users and new coins issued for each processed block. With further growth of the network adoption, fewer coins will enter circulation, and validators will still keep 50% of transaction fees for themselves. The deflationary mechanism will only affect the transaction and storage fees while the amount of newly issued coins remains unchanged.
The proposed burn ratio is 50% of all transaction fees paid by users.
We estimate the immediate burn amount will be around 350-400 TON daily, 50% of daily fees of 700-800 TON. As the TON ecosystem grows and the number of daily transactions increases, the burned amount will grow, eventually leading to a visible decrease in the total supply.
If you are interested in the exact details of the proposed implementation, you are welcome to consult the whitepaper or dive directly into the implementation’s source code - https://github.com/ton-society/ton-footsteps
💲 We’re offering $10,000 worth of prizes to @wallet users during our Summer Raffle!
Our Summer Raffle has just started in @wallet! Until the 8th of June you can win a share of our prize pool equivalent to $10,000 in TON. All payouts will be made in Toncoin directly to your @wallet account.
👇 Here's how it works:
Open the promo page in @wallet and start earning tickets by completing simple tasks. The more tickets you get, the better your odds of winning. The total number of tickets you can earn increases by 100 each day.
You can read the full rules here or just take a look at our short FAQ. But in the meantime, here's how many tickets you can get for each action:
🎟 3 tickets for every 10 USDT or 5 TON you deposit into @wallet from an external wallet or exchange;
🎟 3 tickets for sending any amount of USDT or TON to a unique contact on Telegram;
🎟 3 tickets for every 10 USDT or 5 TON purchased with a bank card or on the P2P Market;
🎟 3 tickets for subscribing to our chat (you can find the link on the raffle page).
Every day, we will randomly select 100 winning tickets, whose owners will receive $10 worth of TON in their @wallet account!
🔥 But there’s more: on the last day of the Summer Raffle, we'll randomly choose 3 tickets to share $3,000 worth of TON! All the winners will be announced on our channel daily from 12:00 PM UTC till 01:00 PM UTC, so stay tuned. Good luck to everyone! 🍀
🏆 Join the raffle here !🏆
bemo partners with DWF Labs to launch first liquid staking protocol on The Open Network (TON)
This is a massive event for the TON DeFi sphere.
So, how is liquid staking any different from traditional staking?
Unlike 'regular' staking, the bemo protocol allows Toncoin holders to receive rewards while maintaining control over their digital tokens.
How does it work?
When a user deposits TON into the pool, he is given stTON tokens in exchange, which are equivalent to their share in the pool. These stTON tokens can be used in any DeFi service without the need to remove the staked Toncoin.
DWF Labs has made history by becoming the first liquidity provider to stake TON via bemo. The success of bemo's liquid staking not only confirms the investment potential of The Open Network (TON), but also demonstrates that the broader DeFi trend of liquid staking has a bright future within TON Ecosystem.
bemo plans to continue attracting both private and institutional investors in order to reach its goal of $100M TVL.
TON Foundation in new collaboration with Finger Labs
Finger Labs, a Seoul-based blockchain laboratory, has announced that it is joining TON Ecosystem. Finger Labs will work with Favor Alliance NFT initiative, which aims to unite various NFT projects and connect them with real-world applications. The collaboration with TON will span a variety of areas, including marketing and technological exchange.
Favor Alliance already has an established track record of successful partnerships with prominent conglomerates in South Korea for major NFT campaigns. This new collaboration with TON holds immense potential to develop TON's NFT ecosystem and effectively integrate Web3 into the activities of established corporations.
Favor Alliance currently provides a range of solutions, including its multi-chain FAVORLET NFT wallet, the Sunmiya Club metaverse, and the Xclusive NFT marketplace. Additionally, Finger Labs is actively involved in launching and managing NFT projects such as Smile Miya Club and Anipang Supporter Club.
Join the new Hack-a-TON x DWF Labs x AWS hackathon with a $150,000 prize pool
TON Blockchain, together with DWF Labs and Amazon Web Services (AWS), has launched a new hackathon dedicated to DeFi and data analytics.
Participants will have the opportunity to join a vibrant community of Web3 developers, attend virtual seminars led by top industry experts, and showcase their innovative ideas.
The prize pool will be allocated as follows:
1st place: $150,000
2nd place: $110,000
3rd place: $70,000
Additionally, 17 finalist teams will each be given $5,000, while the remaining participants will be awarded unique NFTs. All payouts will be made in Toncoin (TON).
Registration is already open!
To participate, please submit your application here. The deadline is July 27, but we highly recommend applying as early as possible to give yourself more time to work and allow for the registration process and team approval.
On August 11, our judges will announce the 20 finalists and the selected teams will have one month to prepare their projects. The event will be held offline in Singapore on the eve of TOKEN2049, the premier crypto event of the year, which brings together the founders of Web3's largest products.
You can get more information about the hackathon on TON Blog and on the official hackathon page.
All team registration is done through the @toncontests_bot on Telegram.
To stay up to date with hackathon news, you can join this chat.
Good luck to all the participants!
Exclusive interview with TON technical lead Anatoliy Makosov
Anatoliy Makosov, the winner of multiple Telegram programming competitions, and Kirill Emelyanenko, also of TON Foundation, launched a new project in 2020 with the aim of reviving The Open Network (TON).
In his first ever big interview, Anatoliy discusses his background, his work in the TON core team, the prospects for blockchain technology, the philosophy of Web3 along with how TON Blockchain is developing.
We highly recommend that all TON enthusiasts check out this groundbreaking interview.
Visit TON Blog here.
MEXC crypto exchange offers zero trading fees for Toncoin (TON)
MEXC, one of the world's leading cryptocurrency exchanges, has canceled all trading fees for Toncoin (TON). The platform has over 7 million users across the globe and offers a range of services for spot trading, futures, indexes and more. Now, MEXC is giving our community an incredible opportunity to trade TON without paying any additional fees.
This is another great opportunity for users to get easy and convenient access to TON. Head over to MEXC to find out more!
Today, TON Accelerator Program has announced that it will allocate up to $25 million this year to projects that have the potential to make a significant impact on the expanding TON Ecosystem.
The capital will be provided by TONcoin.Fund, a $250 million TON-based fund dedicated to supporting founders, and will be funneled into various key projects, with a particular focus on decentralized finance (DeFi). Each project will receive between $50,000 and $250,000.
In addition to funding, each investment will be accompanied by partnership and mentorship from our accelerator partners, including: Gotbit, a hedge fund and market-making company offering trading and risk management solutions; Web3Port, a developer of tools facilitating connections between Web3 startups and contributors to drive innovation; Tonstarter, the leading fundraising platform on TON; TEB, an incubator for Web3 developers based in South Korea; and Cypher Capital, a United Arab Emirates-based multi-strategy crypto investment firm.
The pool of TON Accelerator Program partners is anticipated to expand even further as TON Foundation continues to establish strategic partnerships with major accelerators in the Web3 space.
“We are delighted to unveil TON Accelerator Program as our ecosystem continues to evolve and attract new talent,” said Justin Hyun, Head of Incubation and Growth at TON Foundation. “This is the beginning of many different incubators which will be supported in the future. Funding forms part of our local hubs rollout strategy and our ecosystem will work to attract new developers as well as successful repeat founders, based across a variety of key global locations.”
“This is a program that is unique within the Web3 universe today,” said Bill Qian, Chairman of Cypher Capital. "TON Accelerator Program is taking the well-known incubator principle from the Web2 ecosystem, refining it, and evolving it by incorporating the best practices of Web3 protocols and methodologies. We are delighted to play our part in this next generation program.”
The initial selection of projects for the funding round will focus on those that took part in Hack-a-TONx DoraHacks, a two-month-long virtual hackathon organized in collaboration with DoraHacks. DoraHacks is a leading global hacker organization that acts as a bridge, connecting hackers to enterprise challenges and entrepreneurial ideas.
Submissions are currently open for all MVP-ready projects built on TON (i.e. support TVM & TON smart-contract language) that are seeking marketing, business, and technology support. Proof-of-concept or prototype teams that require initial technical support should apply for earlier-stage grants.
Projects interested in participating in funding rounds can complete this form.
Join the TON Wiki Challenge and contribute to The Open Network’s (TON) Wikipedia page in any language!
The initial prize pool is $5,000 worth of Toncoin. The top contributors will be considered for potential jobs at TON Foundation.
We welcome contestants from all over the world! To participate, register through @toncontests_bot, provide your Wiki account and the link to the doc with possible description of the Wiki page. Submit your TON articles by June 4, 21:00 (UTC+4).
For more details, check out TON Blog. Let’s collaborate and create an outstanding resource for The Open Network.
Best of luck to all participants! Start updating and make your mark today!
ton-company">TON&Co. has released a new interview with the Tonstarter co-founder
The ton-company">TON & Company YouTube channel has conducted an interview with Sergey Chikirev, the co-founder and technical director of Tonstarter, the first TON-based launchpad.
This insightful conversation will be of interest to all TON enthusiasts and includes:
▪️ A bit about Sergey's personality and his technical background.
▪️ Discussion about Tonstarter's philosophy and its role in the ecosystem.
▪️ Conversation about the The Open Network and its native cryptocurrency, Toncoin.
▪️ The key metrics that Tonstarter is looking for in prospective projects.
Tonstarter is a significant and essential service for TON Ecosystem. We recommend the entire community check out this interview!
Mask Network invests in The Open Network (TON) in drive to build decentralized social network ecosystem
Mask Network, a platform that aims to bridge Web 2.0 users to Web 3.0, has announced a strategic investment in The Open Network (TON). By leveraging the Next.ID protocol, Mask gives Web3 users full ownership of their identities. Mask's investment in TON is another exciting development for our burgeoning SocialFi scene.
This latest collaboration aims to combine Mask's focus on the so-called ownership economy with TON's vision of a decentralized internet. This will particularly help drive growth in TON’s SocialFi sphere and shape the future of decentralized digital communities.