jakiro
Author: Aylo, Alpha Please Author; Translation: Bit Chain Vision Xiaozou
We will discuss TON in depth in this article.For a tokens that are currently ranked in the top ten, I still feel that most people do not know what happened in this blockchain.
Pantera, the oldest fund, the oldest fund in the cryptocurrency sector, recently announced that they have made the largest investment in TON.
This article will study the creation story of the TON ecosystem, the current indicator significance, and the opportunity of the ecosystem.There are many incentives now, so you may want to find your Alpha through this article.
1Creation story
Ton’s story began in 2017, when Telegram founder Durov brothers began to explore blockchain solutions for their business.However, because they could not find any L1 blockchain that can carry the 1 billion -level user base of Telegram, they challenged the status quo and designed their own L1: Telegram Open Network, that is, TON (later renamed “The Open Network”)Essence
On December 3, 2017, the team released the Ton white paper. A few weeks later, they opened the largest closed ICO ever in history and raised $ 1.7 billion by selling TON tokens (called “Grams”).Now with these money, only one thing needs to be done: construction.They did this. In 2019, they released the first two test networks to open source code.
However, they encountered trouble at the US Securities and Exchange Commission because they were accused of unregistered securities issuance in their ICOs.This postponed the release of the TON token until the legal issue was resolved.Telegram was forced to return ICO funds to investors in 2020, pay $ 18.5 million in fines, and stop support for TON.This is the passage of TON renamed “The Open Network”.
But this did not let this OG blockchain die, another entity -Ton Labs -decided to continue this project independently.
2As well asTonRebirth
Although all these regulatory issues have brought a lot of obstacles to TON, the team did not stop providing services until recently, when Telegram officially announced in September 2023, it was officially announced that they cooperated with the blockchain.stand up.From that moment, the momentum began to rise, Ton climbed to the ninth largest encryption project, and the current FDV is about $ 25 billion.
(1) The full picture of the technology stack
The Open Network (TON) protocol consists of different components.Mainly: TON blockchain, TON DNS, TON storage and TON payment.Let’s take a look at each component quickly:
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TonBlockchain
TON is to be the blockchain in the blockchain.It is a L1 equity certificate (POS) blockchain built for high performance and scalability, and distributes the interaction between the working load and the account through its dynamic sharding mechanism.This ensures that with the expansion of scale, the network will be able to handle millions of Turing smart contract transactions per second to meet the development requirements of the next generation of Internet.
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Ton dns
TON DNS (domain name system) is a service that distributes human readable domain names for accounts, smart contracts, services and network nodes.This is similar to the Internet domain name on the Internet, but it is located on the decentralized blockchain.This has brought more privacy and security to the domain name owner, and also promoted the interaction between blockchain intelligent contracts and Internet resources, and vice versa.At present, more than 70,000 DNS has been sold, and the momentum is still rising strongly.
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Tonstorage
Data is the blood of the Internet.There are more and more data that everyone and each service need to be stored.Although the first iteration of data storage occurred on the central server, a powerful example showed that the complete distributed storage system on the decentralized network is very meaningful.This is the reason for developing TON storage -a general technology that stores any files on the TON network in a decentralized, secure and private way.
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Ton payment
TON Payment is a micro -payment channel platform.It allows real -time payment without the need to submit all transactions to the blockchain, payment association costs and wait for the block to confirm.This feature can be used in API, under -chain apps or games.
(2) Hope full of network status
From the upper level, the value of the blockchain infrastructure is directly related to its network strength.Without participants, there will be no network, without the network, and the blockchain is worthless.Therefore, the biggest challenge facing a new blockchain project is to overcome the problem of “cold start”.In other words, how to attract sufficient contributors and users so that the network is essentially useful and self -sufficient.In this regard, the early stories of the Internet show that even small frictions can hinder the use of a specific network.
This is why Ton’s exciting reason -it avoids this “cold start” problem by cooperating with Telegram.TelegramSuper9Moon active users of 100 million, isTonThe perfect funnel of the blockchain.This means that they do not need to chase users, and users will come to them in a seamless way.How important this is.
Therefore, when everyone is paying attention to which chain between Ethereum and Solana will exceed 1 billion users, TON seems to be a quiet dark horse, and has become a truly powerful competitor.One of the blockchain networks required: powerfulWeb 3Spiritual, innovative technology and large -scale distribution.
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Active wallet
In the past year, TON has experienced a huge growth. We noticed that the number of monthly active wallets has been rising, an increase of 1900%year -on -year.
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TVL
The total lock value (tvl) also shows a huge development momentum.Although its TVL is still relatively low compared with other major blockchains, it has increased by more than 1200%since the beginning of the year, and TVL has reached about $ 180 million.As all development occurs on the chain, TVL still has more room for growth.
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Transaction volume
We also noticed that since the trading volume has soared in early March 2024, the transaction volume has undergone tremendous changes.This chain seems to have changed from a dormant state to a super active chain.It can be described as a real rebirth.
(3) Native stable currency integration
Ton’s last killer was the largest encrypted stable currency USDT in its blockchain and Telegram wallet recently.This enables hundreds of millions of Telegram users to send and receive stable coins directly on the Telegram APP in a cheap, simple, fast, and secure way.
This is an interesting integration with real global use of potential, especially developing countries that often cannot obtain appropriate banking services.Therefore, this is another major improvement of cryptocurrencies and point -to -point currencies.
(4.“Wallet income“Activity
In order to launch this new integration, the TON team launched an event that users can earn up to 50%of APY (annual percentage yields) by storing USDT in the Telegram wallet.The total scale of the bonus pool is $ 30 million, which is an attractive opportunity, but it will not last long.
It is easy to participate.Users only need to deposit USDT (the upper limit to $ 3,000) into their bonus accounts in their Telegram wallet, and they can earn 50%of APY in the first two weeks, and then earn 25%of APY in the next two weeks.
You can use Layerswap to receive some USDT from the Solana Bridge.It takes a few minutes to take the bridge.
Layerswap has a Refuel function. You can get a small part of TON to pay your initial transactions.
3, Ecological System Incentives——The Open League
The TON Foundation recently announced a new incentive plan “The Open League”, which is a game aimed at helping users, teams and traders, distributed 30 million TON tokens from April to July.When writing this article, 30 million TON tokens mean more than $ 150 million in rewards.Prior to this, we held the “The Open League Pilot” contest, distributed 1 million Ton rewards, and created a record high (ATH) with all key growth indicators.There are more than 30 awards in the new season, which may be one of TON’s biggest catalysts.
(1) Operation method
The Open League is very simple: each TON project must participate in the competition every month to win huge bonuses, and Ton chain users can earn high rewards through their activities.The competition is open to everyone. Whether it is an encrypted newcomer or the most experienced veteran, it can participate, providing users with huge benefit potential.
The competition is divided into the following 4 categories:
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alliance
This is a comprehensive KPI competition. The web3 project competes in two different leagues (large alliances and small alliances) and tries to win the reward. At the end of each season, the two best projects in the small league will be upgraded to the big big project to large to large.Alliances, the two worst performances in the Grand Alliance will be downgraded to the small league.All items on TON can compete to enter the small league by gaining strong attention and strong community support.
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coin
“The Open League” encourages the project to create its own incentive mechanism and recommendation plan so that each user has the opportunity to get free tokens.
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Task and airdrop
The task step by step introduces the chain usage of the TON project.There are many tasks in the Community Bot, but more task activities will be launched on Ton Society.By completing these tasks, you can earn soul -bound tokens, and these tokens can bring many benefits in the future.
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Liquidity pool and boost
The Open League introduces the boost mechanism for the flow pool.This means that in addition to earning rewards from the liquidity pool charging, it will also get additional TON.Boost pool can be found through The Open League Mini App.
(2) How to joinThe open league
Step 1: First of allTelegramCreate a supportTonWallets are involved in the ecosystem.
I think it is the simplest and powerful with Wallet wallet because it is embedded in Telegram, but the Tonkeeper wallet seems reliable. If you want to change a choice, then Tonkeeper has a great app to find the page.
Step 2: Try someAPPTo get free ecosystem tokens.I tried the following two applets:
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Catizen-This is a short investment game, which seems to have millions of users.The original game was simple, but Catizen was not just a game, but also a platform that aims to continue to develop with the player community.
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Pixels–The Pixels Battle is a competition between the Telegram community. It competes for the huge canvas of the 1 million pixels (1024P × 1024P). Any Telegram community can participate in competition whether it is chatting or channel.Each Telegram user has the opportunity to set up their own participating teams based on any channel or chat they choose.
Step 3: Next, try itThe open leagueParticipating projects.
They are games, DEX, NFT protocols, MEME coins, liquidity pledge services, and many other available apps.
Step 4: UseOpen LeagueThe robot provides liquidity for the project and earns moreToncoinaward(4000Ten thousand dollars).
4Conclusion
Ton has overcome many technical and regulatory obstacles before going to this day.
TON Chain and Ecosystems began to truly attract the attention of users, developers and institutional investors.They have a unique advantage that can transform 900 million Telegram users to the ecosystem.This is enough to let us treat TON seriously.
There are some bright APPs, but it still feels in the early stages. I look forward to seeing whether the names in the encrypted field we are familiar with are deploying or talking about planning to be deployed on the chain, which will be very interesting.
Tether integration is very important.Pouring stable coins around the world through Telegram on your phone may be the simplest way to transfer value on the Internet, and has the most seamless user experience.I think I will get a lot of adoption.
