Author: Paul Veradittakit, Pantera Capital partner; Translation: 0xjs@作 作 作 作 作

Foreword

Pantera Capital is glad to announce the latest investment in TON.TON is a 1 -level blockchain network designed by Telegram and continued to be developed by the open source community.We believe that Ton has the ability to introduce cryptocurrencies to the public because it has been widely used in the Telegram network.Telegram has more than 900 million monthly active users for future, fast and secure news transmission platforms. The platform is used for individual and team communication, large -scale community construction, and content sharing.

By using Telegram’s huge user base and seamless user experience, and the vitality of Ton’s emerging ecosystem, we believe that TON has the potential to become one of the largest encrypted networks.

Combining web3 spirit with large -scale distribution

Among the world’s leading communication tools, Telegram stood out, because its platform not only reflected most of the spirit of cryptocurrencies, but also had important distribution.Telegram’s monthly download volume often exceeds its closest alternative Signal 10 times, and its downloads in January 2024 exceeded 36.7 million times.

Telegram and Signal: monthly downloads in January 2024

What about other communication software?Telegram is the only platform that is not subject to regulatory obstacles and can incorporate Web3 into the open blockchain network.Although Facebook’s Messenger tried to combine encrypted payment with libra, they eventually faced regulatory obstacles from the United States, resulting in completely closed.WeChat has tried to integrate digital RMB CBDC payment, but the system is limited, and developers are unable to create applications that do not need permits.

We believe that because Telegram has the spirit and extensive distribution of the Web3 spirit and extensive distribution with the crypto world, Telegram is in a favorable position to bring cryptocurrencies into the mainstream world.

A scalable platform for hundreds of millions of people

TON is a blockchain program developed by Telegram to create a decentralized network that can support various applications with a wide range of user bases that use message applications.TON has a multi -component ecosystem, including the TON blockchain, TON storage, TON DNS and TON services. All of them are integrated together to run seamlessly.

The backbone Ton blockchain of the system is built for high performance and scalability. With its dynamic sharding mechanism, it can quickly deal with transactions.This architecture ensures that the network can handle millions of transactions per second, and effectively expand with the increase of the number of users, making it the ideal of developers aiming to start applications for hundreds of millions of users without affecting speed or security developers.choose.

Ton’s dynamic shard provides scalable networks for several million users

Easy to enter the encryption world

It is usually difficult to make users use encrypted applications.New users need to write a 24 -character key and store them in a safe place.But what if you forget your password?How to remit or receive money to other users?Copy and paste the public key may not be the best experience.

Telegram simplifies many complexity through the top.co wallet (that is, the Telegram Wallet) in Telegram, and the user can seamlessly connect to the applet.Users can easily purchase, sell or manage tokens and NFTs in a interface, and can directly access access to personal chats through Telegram.

Wallets in Telegram have TON -based hosting and self -host management functions, allowing all users to enjoy an easy entry experience, and at the same time allow experienced users to choose to completely control their keys.Using Ton’s self -custody wallet, users do not need to remember notes; on the contrary, they can simply use Telegram and email as backup.

Top.coThe Telegram wallet has 15 million users, and it is still increasing

Encrypted mini -program era

Ton’s booming ecosystem uses Telegram’s innovative design and huge user base.There are more than 3.60 million users per month using the “small program” called Telegram, including chat robots and mini -games.Through TON, we expect to integrate encrypted technology into these “applets” to significantly enhance the user experience of hundreds of millions of users.There are more than 300 projects on TON, most of which have built applets on Telegram, and can be accessed through the Telegram application center.

Earlier this year, we observed how MEME coin trading tools like Bonkbot generated tens of millions of dollars in revenue through the user interface of Telegram.Ton -based application (e.g.StormTrade) Now allow users to use the same interface transaction perpetual contract, cryptocurrency, stocks and stocks.StormTrade’s daily transaction volume exceeds 10 million US dollars. We believe that similar Ton native Telegram robots will become the preferred user experience for many traders.

Telegram is the basis of viral social and game applications.Pixels and Fanzee BattlesEarly experimental Telegram games attracted millions of users within a few days, showing the huge potential of the platform in terms of user participation.CatizenIt is a small game platform based on Ton. There are currently more than 4 million users, of which more than 700,000 users are playing every day.NotcoinIt is a social application based on TON. Users can compete for digital currency Notcoin in it. It has quickly attracted more than 30 million users. This is one of the fastest -growing cryptocurrencies events in history.

The TON Foundation recently announced their incentive plans that will reward the development of the Ton application successfully.We believe that this will promote the creation of exciting new Treasury currency programs that may attract the public.

Unlock the new way of making money

Ton is providing a variety of monetization, sharing and development of business for the Telegram community.As a decentralized market on the TON network,FragmentA platform is provided that users can trade virtual phone numbers and custom -defined Telegram usernames and other collectibles.Fragment has contributed to the sales of more than $ 350 million custom user name and virtual phone number sales.This is just the beginning.In the near future, 730 billion pieces have been sentTelegram stickerIt may be converted to NFT.These NFTs can then purchase and sell through the TON blockchain.

TELEGRAM integrates income sharing with content creators and channel owners based on its Fragment platform based on TON blockchain, taking forward an important step forward.This marks the transformation of the traditional social media model and directly allows these creators to earn income from advertising revenue on their channels.This method not only rewarded content creators, but also promoted a closer relationship between the platform and its users, and promoted the more fair economic interest distribution in the digital ecosystem.

Payment of native stablecoin

On April 19, 2024, Tether announced its deployment of its stable currency USDT in the Ton blockchain and Telegram wallet.This development represents major progress in the crypto industry, because it allows hundreds of millions of users to seamlessly send and receive stablecoins through the Telegram platform, making payment as simple as using Venmo or Apple Cash.

Ton network scalability allows transactions between two users to charge about $ 0.10 fixed costs, which is 66%cheaper than other encrypted payment platforms.In addition, it also provides a built -in gold passage and gold passage, including bank transfer and exchange to further facilitate access and use.

Stable currency payment on TON

We believe that the stable currency payment on the Telegram wallet is particularly important for developing countries. They often cannot obtain banking services and are forced to use complex encrypted user interfaces to store and transfer funds.With the deployment of stable currency on the TON network, cryptocurrencies are in a major leap towards the vision of decentralized financial systems that can be accessed by programmable points and global access to the world.

in conclusion

We believe that the TON network is still in the early stages, and we are glad to witness the TELEGRAM user base adopt its ecosystem and new features.

The core of Telegram reflects the spirit of cryptocurrency: an open and free network that everyone can access.With the help of TON, Telegram realizes a symbiotic relationship, among which scalable smart contract functions and powerful payment networks realize breakthrough sexual functions that cannot be achieved in the web2 environment.

In view of its huge user base, scalable infrastructure, booming mini -program ecosystems, and native stablecoin transactions, TON fully excavates the potential of 900 million active users.