Forwarded from (not)Sad Hamster
#news
🔥 The hamster listing date has been announced!
It's finally here!
It's a celebration of sorts. Circle the date on the calendar with a heart - September 26😍
Hurry up to tap, there's still time for everyone!
(not)Sad Hamster💃
It's finally here!
It's a celebration of sorts. Circle the date on the calendar with a heart - September 26
Hurry up to tap, there's still time for everyone!
(not)Sad Hamster
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In early August, the TON Core team released a major update for nodes, making them multi-threaded. This was supposed to accelerate network performance, but reality proved to be more complex.
The listing of $DOGS highlighted that transaction processing speed still leaves much to be desired.
The main bottleneck is STON.fi. All pool requests go through a single master contract, which cannot be processed in parallel.
As a result, STON.fi's monopoly is causing delays of up to 8 hours in transaction processing. While there’s no solution yet, discussions are underway, including the possibility of creating new smart contracts for pools.
TON has over 300 validators, but some of the largest players are essentially inactive.
Their inactivity slows down the entire network, as the system waits for their signatures to generate blocks. Despite TON Core’s calls for action, the situation remains unresolved.
These issues require urgent solutions. The TON community is eagerly awaiting the steps developers will take to resolve the crisis.
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Telegram’s Financial Results Revealed: $400m of Assets in Crypto
Telegram’s 2023 financials have been disclosed, offering a rare glimpse into the company’s operations and raising questions about its sustainability:
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Key Financial Highlights:
⚫ Revenue: Telegram reported $342.5 million in revenue, a significant figure but one overshadowed by an operating loss of $108 million.
⚫ Operating Expenses: The company burned through over $450 million in operating expenses to generate its revenue, highlighting the high cost of maintaining its platform.
⚫ Crypto Revenue: Over 40% of Telegram's revenue came from crypto-related activities, including its "integrated wallet" and "sale of collectibles."
⚫ Digital Assets: Telegram’s digital assets, primarily Toncoins, are valued at nearly $400 million, making up a substantial portion of its balance sheet.
⚫ Asset Revaluation: The company recorded a gain of $86 million through the revaluation of digital assets, boosting its comprehensive income.
⚫ New Business Line: The "integrated wallet" introduced in 2023, allowing users to store, send, and trade crypto assets, became a crucial revenue stream for Telegram.
⚫ Liabilities: Despite raising over $2.3 billion from blue-chip investors, Telegram is burdened with substantial liabilities, raising concerns about its financial health.
⚫ Valuation Concerns: With an operating loss and heavy reliance on volatile crypto assets, the $30 billion valuation touted by Durov earlier this year is now under scrutiny.
⚫ Debt Maturity: $2.4 billion in debt maturing by 2026, including a $1bn bond issued in 2021, which might be unsustainable due to Telegram's operating losses.
While Telegram’s financials reveal impressive revenue figures, the underlying challenges—significant operating losses, high expenses, and dependence on crypto—suggest a need for a closer examination of its long-term viability.
As the company navigates these financial hurdles and the recent arrest of its founder Pavel Durov, the future of Telegram remains uncertain. Investors and users alike will be watching closely as events unfold.
🤑 TON Insider 🤑
Telegram’s 2023 financials have been disclosed, offering a rare glimpse into the company’s operations and raising questions about its sustainability:
Key Financial Highlights:
Telegram’s heavy reliance on crypto assets like Toncoin underscores the company’s shift towards digital currencies as a primary revenue driver.
The TON blockchain, originally developed by Telegram and now managed by an open-source community, continues to play a pivotal role in the company’s financial ecosystem.
While Telegram’s financials reveal impressive revenue figures, the underlying challenges—significant operating losses, high expenses, and dependence on crypto—suggest a need for a closer examination of its long-term viability.
As the company navigates these financial hurdles and the recent arrest of its founder Pavel Durov, the future of Telegram remains uncertain. Investors and users alike will be watching closely as events unfold.
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Following Friday’soutage, over 200 validators disconnected from the network, accounting for more than half of all active validators.
The reasons for these disconnections remain unclear, posing a serious threat to the network's decentralization
TON Core is considering the introduction of a slashing system, which could further reduce the number of independent validators, leaving only those closely tied to the TON Foundation.
There are growing concerns about the quality of fixes that could impact the network's stability.
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Last week TON processed 46 million transactions, driven by the excitement surrounding the $DOGS airdrop.
During this period, an average of 100 transactions were processed per block (within seconds), with DOGS transactions making up to 35% of all transactions in some blocks.
🤑 TON Insider 🤑
During this period, an average of 100 transactions were processed per block (within seconds), with DOGS transactions making up to 35% of all transactions in some blocks.
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Users are increasingly noticing that certain features in Telegram are becoming unavailable:
Developers have yet to comment on the situation, raising serious concerns about the future of the messenger.
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Forwarded from Crypto Farmer 🌽
🌽 Ton Network Crashes and the DOGS Craze: What Went Down and What’s Next With Hamster Kombat Listing
So here’s the scoop. TON, which we all know has been the backbone for a lot of our crypto moves, started getting slammed with an insane number of transactions. Why? All those DOGS tokens people earned from the tap game DOGS were being distributed like crazy. Everyone and their grandma was trying to get their hands on their tokens at the same time, and the network just couldn’t handle the heat.
I was right there, trying to claim my DOGS tokens, and let me tell you—it was like trying to get into a sold-out concert with a fake ticket. The network was lagging, transactions were failing left and right, and I was sweating bullets, thinking I might lose out on the tokens I’d worked so hard to earn.
But here’s where things get interesting. While everyone’s been focused on DOGS, there’s another heavy hitter on the way—Hamster Kombat. Mark your calendars, because the token from Hamster Kombat is set to list on the 26th of September. And if you think the DOGS craze was big, wait until this one drops.
Get Ready: How to Prepare for Hamster Kombat Listing
If you’re not already set up on OKX, now’s the time to get your act together. Here’s what you need to do:
• Sign Up on OKX: Don’t wait until the last minute. Get your account ready now so you’re not scrambling when the listing goes live.
• Get Verified: Make sure you’ve got your KYC sorted. No verification, no action—that’s the rule.
• Load Up Your Wallet: Have some funds ready to move. Whether you’re planning to buy in on day one or wait for a dip, you’ll want to be locked and loaded.
Trust me, you don’t want to be left out when Hamster Kombat hits the scene. If TON taught us anything, it’s that things can get crazy fast. But with Hamster Kombat listing on OKX on the horizon, we’ve got a chance to make some serious moves.
Wake up, it's time to farm🌽
Alright, fam, let’s get into the nitty-gritty of what’s been happening with TON lately. If you’ve been in the game, you’ve probably noticed that TON'S been taking a few hits. The network’s been going down more than a few times recently, and it ain’t just random bad luck—it's because of the DOGS token distribution frenzy from the tap game DOGS.
So here’s the scoop. TON, which we all know has been the backbone for a lot of our crypto moves, started getting slammed with an insane number of transactions. Why? All those DOGS tokens people earned from the tap game DOGS were being distributed like crazy. Everyone and their grandma was trying to get their hands on their tokens at the same time, and the network just couldn’t handle the heat.
I was right there, trying to claim my DOGS tokens, and let me tell you—it was like trying to get into a sold-out concert with a fake ticket. The network was lagging, transactions were failing left and right, and I was sweating bullets, thinking I might lose out on the tokens I’d worked so hard to earn.
But here’s where things get interesting. While everyone’s been focused on DOGS, there’s another heavy hitter on the way—Hamster Kombat. Mark your calendars, because the token from Hamster Kombat is set to list on the 26th of September. And if you think the DOGS craze was big, wait until this one drops.
Get Ready: How to Prepare for Hamster Kombat Listing
If you’re not already set up on OKX, now’s the time to get your act together. Here’s what you need to do:
• Sign Up on OKX: Don’t wait until the last minute. Get your account ready now so you’re not scrambling when the listing goes live.
• Get Verified: Make sure you’ve got your KYC sorted. No verification, no action—that’s the rule.
• Load Up Your Wallet: Have some funds ready to move. Whether you’re planning to buy in on day one or wait for a dip, you’ll want to be locked and loaded.
Trust me, you don’t want to be left out when Hamster Kombat hits the scene. If TON taught us anything, it’s that things can get crazy fast. But with Hamster Kombat listing on OKX on the horizon, we’ve got a chance to make some serious moves.
Wake up, it's time to farm🌽
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Technical Updates in TON: What's New?
Anatoly Makosov, the Technical Lead of TON Foundation, shared the latest changes and solutions aimed at improving the TON blockchain:
Key Update Highlights:
⚫ Mass Minting of Tokens:
Notcoin used mass distribution of tokens, which created many unnecessary transactions and increased network load.
DOGS has switched to a new distribution method, but for future projects, the TON Mintless Jetton technology has been developed, which reduces network load and operational costs.
⚫ Validator Performance:
Some validators are operating inefficiently, causing delays in updates.
Further development of the decentralized penalty system is planned.
⚫ DEX Issues:
Centralized smart contracts on some decentralized exchanges create bottlenecks, slowing down operations.
The latest TON 2024.08 update has minimized this effect, but it is recommended to avoid using single central smart contracts.
⚫ Validator Misconfiguration:
Some validator parameters have proven ineffective under high load.
TON is at the forefront of the blockchain industry, and with each update, the platform becomes more powerful and flexible.
However, these changes require careful attention and coordination to avoid network disruptions.
🤑 TON Insider 🤑
Anatoly Makosov, the Technical Lead of TON Foundation, shared the latest changes and solutions aimed at improving the TON blockchain:
Key Update Highlights:
Notcoin used mass distribution of tokens, which created many unnecessary transactions and increased network load.
DOGS has switched to a new distribution method, but for future projects, the TON Mintless Jetton technology has been developed, which reduces network load and operational costs.
Some validators are operating inefficiently, causing delays in updates.
To address this issue, TON Core has improved the penalty system for underperforming validators and encourages everyone to update their contact information.
Further development of the decentralized penalty system is planned.
Centralized smart contracts on some decentralized exchanges create bottlenecks, slowing down operations.
The latest TON 2024.08 update has minimized this effect, but it is recommended to avoid using single central smart contracts.
Some validator parameters have proven ineffective under high load.
New parameter values are recommended to ensure stable network performance.
TON is at the forefront of the blockchain industry, and with each update, the platform becomes more powerful and flexible.
However, these changes require careful attention and coordination to avoid network disruptions.
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A new grant program has been launched, offering monthly support to projects for growth and monetization through the AdsGram.ai platform.
To participate:
Key conditions:
— Register on AdsGram.ai
— Spend the following amounts on AdsGram.ai:
For grants in the L — XXL categories, SDK integration into your app is required.
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Forwarded from Crypto TV
He shared that last month, he was interviewed by police for four days after arriving in Paris, where he was informed that he may be personally responsible for illegal activities conducted by Telegram users, due to the lack of responses from Telegram to French authorities.
Durov clarified that Telegram has a representative in the EU who handles such requests and questioned the approach of holding a CEO responsible for actions by third parties.
He also emphasized that Telegram has consistently balanced privacy with security and has been open to engaging with regulators. In cases where they cannot agree on this balance, Telegram is prepared to exit markets that do not align with their principles, as they have done in Russia and Iran.
Despite the platform's imperfections, Durov promised improvements and reaffirmed his commitment to protecting users' rights and enhancing Telegram’s safety.
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A year in two, but nah, TVL didn’t 2x.
TON Foundation played it slick, but still missed hitting that $1B TVL target through all five seasons of the Open League. Then Durov’s arrest threw a wrench in things. So, what did they do? They dropped a liquid staking booster program to pump things up.
Now, why’s it a bit shady? It’s all a numbers game. You drop your TON into liquid staking (UPD: some folks in the comments say it doesn’t count), that’s one count for TVL. Then you take those staked tokens and pair 'em with USDT in the pool, and bam, that’s counted too. Double dipping, basically.
I’m also wondering how they’re testing the market—are people biting? They first ran the boosts for a week, then trimmed it to 48 hours. What’s the game plan? Why not stretch those boosts until Season 6 of the Open League kicks off? Feels like they're making moves you can’t bank on long-term.
Is TON really chasing that $1B mark by November, no matter what? Maybe Durov’s got some serious KPIs lined up ahead of Telegram’s IPO.
TON Foundation played it slick, but still missed hitting that $1B TVL target through all five seasons of the Open League. Then Durov’s arrest threw a wrench in things. So, what did they do? They dropped a liquid staking booster program to pump things up.
Now, why’s it a bit shady? It’s all a numbers game. You drop your TON into liquid staking (UPD: some folks in the comments say it doesn’t count), that’s one count for TVL. Then you take those staked tokens and pair 'em with USDT in the pool, and bam, that’s counted too. Double dipping, basically.
I’m also wondering how they’re testing the market—are people biting? They first ran the boosts for a week, then trimmed it to 48 hours. What’s the game plan? Why not stretch those boosts until Season 6 of the Open League kicks off? Feels like they're making moves you can’t bank on long-term.
Is TON really chasing that $1B mark by November, no matter what? Maybe Durov’s got some serious KPIs lined up ahead of Telegram’s IPO.
Telegram
TON Insider
Telegram’s Financial Results Revealed: $400m of Assets in Crypto
Telegram’s 2023 financials have been disclosed, offering a rare glimpse into the company’s operations and raising questions about its sustainability:
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Key Financial Highlights:…
Telegram’s 2023 financials have been disclosed, offering a rare glimpse into the company’s operations and raising questions about its sustainability:
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Key Financial Highlights:…
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Forwarded from Crypto TV
▫️Lost Dogs (#WOOF) – today
▫️Catizen (#CATI) – September 20th
▫️Hamster Kombat (#HMSTR) – September 26th
▫️Cats (#CATS) – end of September (date TBA)
▫️Major of Telegram (#MAJOR) – October 1st
▫️TON Station (#SOON) – October 6th
▫️MemeFi (#MEMEFI) – October 9th
▫️X Empire (#EMPIRE) – October 15th
▫️Tapswap (#TAPS) – mid of October (date TBA)
▫️PocketFi (#SWITCH) – Q4 of 2024 (date TBA)
▫️Blum (#BLUM) – Q4 of 2024 (date TBA)
Save it not to lose! Any of the projects might become your life-changer.
📺Crypto TV
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USDT liquidity in TON had increased to $729,000,000 iin only 4 months since announcing the partnership.
🤑 TON Insider 🤑
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