A year in review.
2021 was nothing short of historic for the TON blockchain.
In the spring of this year, the TON team was simply a small cohort of developers and supporters who were maintaining and improving the network, which was created by Telegram in 2018.
The project had no community and was relatively unknown at the time.
In August, when Telegram relinquished the ton.org domain and source code to the TON Foundation, the TON blockchain received a second chance.
The TON community, whose genesis was this summer, has rapidly grown to become one of the most active crypto communities on the internet:
— Over 50,000 subscribers in the TON Community channel.
— Over 600,000 subscribers for all our TON social media accounts.
— Over 35,000 people have added Toncoin to their “Favorites” on CoinMarketCap.
The TON community comprises proactive people who closely follow the network’s developments and are active TON blockchain participants.
In six short months, the network has grown immensely:
— The number of wallets created on the network grew from 76,000 to 128,000 (60%).
— The number of daily active users grew from 220 to 10,600 (4,700%).
— The number of daily transactions on the network grew from 48,000 to 122,000 (150%).
— The number of network validators grew from 10 to 155, and their stake has increased from 6 million to 194 million Toncoin since January 2021.
The numbers speak for themselves: The TON blockchain has gained a lot of attention and grown at a record pace this year.
Meanwhile, TON and Toncoin’s developments have caught the attention of major media outlets, including Forbes, Cointelegraph, CoinDesk, among others.
This year, a notable moment came from none other than Pavel Durov, who expressed pride for the TON project and wished it all the best moving forward.
We also cannot forget the staggering success of Toncoin, whose value grew more than 30 times over the past 12 months.
Although Toncoin had little demand initially, it finally made its debut on some of the world’s largest centralized crypto exchanges for spot trading, such as FTX and OKEx.
While rubbing elbows with some of the most prominent cryptocurrencies in the world on centralized exchanges, Toncoin has also made appearances on decentralized exchanges, such as 1inch, Uniswap, PancakeSwap, among others.
The TON ecosystem has undergone so many changes and added so many services and products that it’s almost unrecognizable (in a good way).
Many talented teams of developers have joined the project and are actively improving the network, creating an environment conducive to healthy competition.
Thanks to them, the TON ecosystem has flourished into a robust milieu of mining pools, services, and applications, which are all located in the TON Apps suite.
This year has been a whirlwind, and we mean that in the best possible way. We’re setting the bar high for 2022 and hope that the network will continue to expand and that the TON Foundation will continue delivering high-quality services and updates.
Before signing off, we’d like to wish everyone a Happy New Year and extend a big thank you to everyone for all the support. This wouldn’t be possible without you!
2021 was nothing short of historic for the TON blockchain.
In the spring of this year, the TON team was simply a small cohort of developers and supporters who were maintaining and improving the network, which was created by Telegram in 2018.
The project had no community and was relatively unknown at the time.
In August, when Telegram relinquished the ton.org domain and source code to the TON Foundation, the TON blockchain received a second chance.
The TON community, whose genesis was this summer, has rapidly grown to become one of the most active crypto communities on the internet:
— Over 50,000 subscribers in the TON Community channel.
— Over 600,000 subscribers for all our TON social media accounts.
— Over 35,000 people have added Toncoin to their “Favorites” on CoinMarketCap.
The TON community comprises proactive people who closely follow the network’s developments and are active TON blockchain participants.
In six short months, the network has grown immensely:
— The number of wallets created on the network grew from 76,000 to 128,000 (60%).
— The number of daily active users grew from 220 to 10,600 (4,700%).
— The number of daily transactions on the network grew from 48,000 to 122,000 (150%).
— The number of network validators grew from 10 to 155, and their stake has increased from 6 million to 194 million Toncoin since January 2021.
The numbers speak for themselves: The TON blockchain has gained a lot of attention and grown at a record pace this year.
Meanwhile, TON and Toncoin’s developments have caught the attention of major media outlets, including Forbes, Cointelegraph, CoinDesk, among others.
This year, a notable moment came from none other than Pavel Durov, who expressed pride for the TON project and wished it all the best moving forward.
We also cannot forget the staggering success of Toncoin, whose value grew more than 30 times over the past 12 months.
Although Toncoin had little demand initially, it finally made its debut on some of the world’s largest centralized crypto exchanges for spot trading, such as FTX and OKEx.
While rubbing elbows with some of the most prominent cryptocurrencies in the world on centralized exchanges, Toncoin has also made appearances on decentralized exchanges, such as 1inch, Uniswap, PancakeSwap, among others.
The TON ecosystem has undergone so many changes and added so many services and products that it’s almost unrecognizable (in a good way).
Many talented teams of developers have joined the project and are actively improving the network, creating an environment conducive to healthy competition.
Thanks to them, the TON ecosystem has flourished into a robust milieu of mining pools, services, and applications, which are all located in the TON Apps suite.
This year has been a whirlwind, and we mean that in the best possible way. We’re setting the bar high for 2022 and hope that the network will continue to expand and that the TON Foundation will continue delivering high-quality services and updates.
Before signing off, we’d like to wish everyone a Happy New Year and extend a big thank you to everyone for all the support. This wouldn’t be possible without you!
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Crypto exchange Hotbit has listed Toncoin.
Trading is available in the USDT/Toncoin (ERC-20) pair.
Follow the link to start trading.
Daily trading volume on Hotbit exceeds $170 million, and over 1 million people use the exchange every day.
Trading is available in the USDT/Toncoin (ERC-20) pair.
Follow the link to start trading.
Daily trading volume on Hotbit exceeds $170 million, and over 1 million people use the exchange every day.
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Principles to stay safe in the crypto world.
We want to take this opportunity to remind you that among quality and reliable TON projects may lie scam services.
Here are a few examples of how they scam unsuspecting users:
1. They attract users and investors by promising lucrative returns and then quickly disappear with everyone’s money.
2. Hackers might exploit loopholes or weak coding in smart contracts, making off with millions of dollars.
3. Scammers can also steal people’s crypto simply by announcing an “exploit” or a fake hacking attack.
Always double-check website URLs and be safe when investing in new projects.
You can always read our steps to ensure safety when interacting with the TON blockchain and ecosystem, but be extra careful when using services and applications that are unlisted on ton.org or in the TON Apps suite.
We want to take this opportunity to remind you that among quality and reliable TON projects may lie scam services.
Here are a few examples of how they scam unsuspecting users:
1. They attract users and investors by promising lucrative returns and then quickly disappear with everyone’s money.
2. Hackers might exploit loopholes or weak coding in smart contracts, making off with millions of dollars.
3. Scammers can also steal people’s crypto simply by announcing an “exploit” or a fake hacking attack.
Always double-check website URLs and be safe when investing in new projects.
You can always read our steps to ensure safety when interacting with the TON blockchain and ecosystem, but be extra careful when using services and applications that are unlisted on ton.org or in the TON Apps suite.
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We’re giving away $1,500,000 🎁
Thanks to you, we’ve reached 600,000 subscribers across all our TON community channels. Therefore, we’re excited to announce a crypto airdrop event: We’re giving away a total of $1,500,000 worth of Toncoin.
Each participant can earn 0.5 Toncoin.
🗓 From 2:00 pm Jan. 6 to 11:59 pm Jan. 13, Central European Time
Conditions:
1️⃣ Add Toncoin to “Favorites” on CoinMarketCap
2️⃣ Follow TON on Twitter and retweet this post
3️⃣ Create a Toncoin address with @wallet
4️⃣ Submit your entry to @Toncoin_eng_bot
You can find more details here: @Toncoin_eng_bot
👉🏽 Video instructions: YouTube, Telegram
Thanks to you, we’ve reached 600,000 subscribers across all our TON community channels. Therefore, we’re excited to announce a crypto airdrop event: We’re giving away a total of $1,500,000 worth of Toncoin.
Each participant can earn 0.5 Toncoin.
🗓 From 2:00 pm Jan. 6 to 11:59 pm Jan. 13, Central European Time
Conditions:
1️⃣ Add Toncoin to “Favorites” on CoinMarketCap
2️⃣ Follow TON on Twitter and retweet this post
3️⃣ Create a Toncoin address with @wallet
4️⃣ Submit your entry to @Toncoin_eng_bot
You can find more details here: @Toncoin_eng_bot
👉🏽 Video instructions: YouTube, Telegram
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Gram of TON
We’re giving away $1,500,000 🎁 Thanks to you, we’ve reached 600,000 subscribers across all our TON community channels. Therefore, we’re excited to announce a crypto airdrop event: We’re giving away a total of $1,500,000 worth of Toncoin. Each participant…
Media is too big
VIEW IN TELEGRAM
$1,500,000 Giveaway video instructions 💎
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Updates to TON’s roadmap.
Due to unprecedented growth in Q4, 2021, developers at the TON Foundation have had to update the project’s roadmap and reprioritize a few goals.
In Q4, 2021, the TON Foundation launched its decentralized subscription service, TON Subscriptions, and it managed to complete technical integrations with some of the world’s biggest crypto exchanges.
In Q1, 2022, the TON Foundation team is going to focus on developing the TON Developers Program, TON DeFi, and TON Nominators.
In Q2, 2022, users can expect TON DNS and TON Payments to launch.
In Q3, 2022, TON Proxy and TON Sites are expected.
And in Q4, 2022, TON Storage will launch.
Why the TON Foundation updated the roadmap:
The number of new developers joining the TON ecosystem has been growing exponentially — faster than the TON Foundation expected.
Third-party developers have been actively working on TON and creating new products; however, they’ve experienced a small snag due to little information and few instruments available.
Therefore, TON’s core team has decided to redirect the workflow and reprioritize specific projects.
First, the team is going to release the TON Developers Program. It will include additional documentation and learning materials and improve the API, SDK, and other tools developers use.
Second, at the beginning of 2022, the TON Foundation will concentrate many of its resources on developing TON DeFi — e.g., smart contracts for TON-native tokens, NFTs, and liquidity pools on the TON blockchain — since the community has shown immense interest in these services.
Finally, the TON Nominators service will be for both users and validators; therefore, its development is a top priority for the TON Foundation.
The updates to the roadmap were a necessary step to take from the team of developers.
However, the roadmap is now up-to-date and can better represent where the team is on its journey to finalizing the projects and services you’ve been waiting for.
@tonblockchain
Due to unprecedented growth in Q4, 2021, developers at the TON Foundation have had to update the project’s roadmap and reprioritize a few goals.
In Q4, 2021, the TON Foundation launched its decentralized subscription service, TON Subscriptions, and it managed to complete technical integrations with some of the world’s biggest crypto exchanges.
In Q1, 2022, the TON Foundation team is going to focus on developing the TON Developers Program, TON DeFi, and TON Nominators.
In Q2, 2022, users can expect TON DNS and TON Payments to launch.
In Q3, 2022, TON Proxy and TON Sites are expected.
And in Q4, 2022, TON Storage will launch.
Why the TON Foundation updated the roadmap:
The number of new developers joining the TON ecosystem has been growing exponentially — faster than the TON Foundation expected.
Third-party developers have been actively working on TON and creating new products; however, they’ve experienced a small snag due to little information and few instruments available.
Therefore, TON’s core team has decided to redirect the workflow and reprioritize specific projects.
First, the team is going to release the TON Developers Program. It will include additional documentation and learning materials and improve the API, SDK, and other tools developers use.
Second, at the beginning of 2022, the TON Foundation will concentrate many of its resources on developing TON DeFi — e.g., smart contracts for TON-native tokens, NFTs, and liquidity pools on the TON blockchain — since the community has shown immense interest in these services.
Finally, the TON Nominators service will be for both users and validators; therefore, its development is a top priority for the TON Foundation.
The updates to the roadmap were a necessary step to take from the team of developers.
However, the roadmap is now up-to-date and can better represent where the team is on its journey to finalizing the projects and services you’ve been waiting for.
@tonblockchain
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TON Community weekly digest.
Here’s a roundup of the ecosystem’s most exciting news from the first week of 2022.
Network stats update:
The number of new accounts created on TON from Jan. 1 to 8 grew from 133,426 to 150,048 (+12.4%).
News:
— Our $1.5-million New Year airdrop event went live.
— TON’s roadmap underwent some changes.
— Developers from the TON Foundation published their own roundup of 2021.
— The Telegram Tonometer bot added the TON Business Cards function to its services.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
Here’s a roundup of the ecosystem’s most exciting news from the first week of 2022.
Network stats update:
The number of new accounts created on TON from Jan. 1 to 8 grew from 133,426 to 150,048 (+12.4%).
News:
— Our $1.5-million New Year airdrop event went live.
— TON’s roadmap underwent some changes.
— Developers from the TON Foundation published their own roundup of 2021.
— The Telegram Tonometer bot added the TON Business Cards function to its services.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
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Ladies and Gentlemen:
2022 is the year.
After four years of blood, sweat, tears, and active development from some of the most brilliant engineering talent on the globe, we're finally at the cusp of something great.
Something that has eluded all others, even as they reach untold heights, successes, and trillion dollar valuations.
Mass adoption.
The ability for each and every individual - no matter who they are, where they are from, or where they live - to lead an independent financial life, free from discrimination, encumbrance, and impediment.
Ubiquitous access to a fair and unprejudiced financial system is nothing less than wholesale transformation, a radical departure from the broken systems of past and present that have left so many behind.
Mass adoption opens a new, equitable path to all, not just the fortunate few.
Mass adoption is our mission.
And the vehicle for our mission is The Open Network. And 2022 is going to be the year we begin to see the fruits of our work.
It's going to be a great year, and we're so happy you're with us.
💣💣💣
2022 is the year.
After four years of blood, sweat, tears, and active development from some of the most brilliant engineering talent on the globe, we're finally at the cusp of something great.
Something that has eluded all others, even as they reach untold heights, successes, and trillion dollar valuations.
Mass adoption.
The ability for each and every individual - no matter who they are, where they are from, or where they live - to lead an independent financial life, free from discrimination, encumbrance, and impediment.
Ubiquitous access to a fair and unprejudiced financial system is nothing less than wholesale transformation, a radical departure from the broken systems of past and present that have left so many behind.
Mass adoption opens a new, equitable path to all, not just the fortunate few.
Mass adoption is our mission.
And the vehicle for our mission is The Open Network. And 2022 is going to be the year we begin to see the fruits of our work.
It's going to be a great year, and we're so happy you're with us.
💣💣💣
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Our New Year airdrop event is still open.
In case you’ve missed our announcement earlier, we’d like to extend a friendly reminder that there’s still time to participate in our New Year Toncoin airdrop event, which is giving away a total of $1.5 million. Each TON blockchain user can receive 0.5 Toncoin.
The event will now run until Jan. 13, and to learn more about the event’s conditions, you can read this post or visit @Toncoin_eng_bot.
We also have video instructions on YouTube and Telegram.
In case you’ve missed our announcement earlier, we’d like to extend a friendly reminder that there’s still time to participate in our New Year Toncoin airdrop event, which is giving away a total of $1.5 million. Each TON blockchain user can receive 0.5 Toncoin.
The event will now run until Jan. 13, and to learn more about the event’s conditions, you can read this post or visit @Toncoin_eng_bot.
We also have video instructions on YouTube and Telegram.
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Russian rapper Morgenshtern gives a shout-out to TON.
The most popular rap artist in Russia, Morgenshtern praised the TON blockchain project on Instagram in a post to his 7.9 million followers, expressing the amount of trust he has for the team of developers and saying that he would be taking on an essential role in the network’s development and growth.
The rapper posted an Instagram Stories in which he announced he had bought $139,000 worth of Toncoin, which jumped 8% from $3.5 to $3.8 at the time of writing, by showing his followers a screenshot of his Tonkeeper wallet.
We’re ecstatic to see Morgenshtern, who has collaborated with Lil Pump and has become a household name in Russia, spread the good word of the TON project and Toncoin to a broad audience.
The most popular rap artist in Russia, Morgenshtern praised the TON blockchain project on Instagram in a post to his 7.9 million followers, expressing the amount of trust he has for the team of developers and saying that he would be taking on an essential role in the network’s development and growth.
The rapper posted an Instagram Stories in which he announced he had bought $139,000 worth of Toncoin, which jumped 8% from $3.5 to $3.8 at the time of writing, by showing his followers a screenshot of his Tonkeeper wallet.
We’re ecstatic to see Morgenshtern, who has collaborated with Lil Pump and has become a household name in Russia, spread the good word of the TON project and Toncoin to a broad audience.
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Morgenshtern is teaming up with Toncoin.
Famous Russian rapper Morgenshtern, who has almost 8 million Instagram followers, has launched a paid subscription Telegram channel that will only accept Toncoin as the means of payment.
The rapper’s Russian Telegram channel, Not Morgenshtern, posted a note saying that Morgensthern’s paid subscription channel will include exclusive, behind-the-scenes content and a platform where fans can chat with the rapper himself. The subscription fee is 1 Toncoin.
As a side note, he created his paid subscription channel with the help of the verified payments service Donate, an official partner of the TON Foundation.
We’re excited to see what Morgenshtern has to offer his legions of fans, and we’re thrilled that TON and Toncoin continue to turn heads.
When prominent social media personalities endorse and use TON and Toncoin, it helps increase awareness for the project considerably, leading people to integrate it into their lives.
Today, Morgenshtern declared his confidence in the TON project and immediately became an early ambassador of the TON ecosystem, hopefully spearheading further Toncoin adoption among his myriad fans.
Famous Russian rapper Morgenshtern, who has almost 8 million Instagram followers, has launched a paid subscription Telegram channel that will only accept Toncoin as the means of payment.
The rapper’s Russian Telegram channel, Not Morgenshtern, posted a note saying that Morgensthern’s paid subscription channel will include exclusive, behind-the-scenes content and a platform where fans can chat with the rapper himself. The subscription fee is 1 Toncoin.
As a side note, he created his paid subscription channel with the help of the verified payments service Donate, an official partner of the TON Foundation.
We’re excited to see what Morgenshtern has to offer his legions of fans, and we’re thrilled that TON and Toncoin continue to turn heads.
When prominent social media personalities endorse and use TON and Toncoin, it helps increase awareness for the project considerably, leading people to integrate it into their lives.
Today, Morgenshtern declared his confidence in the TON project and immediately became an early ambassador of the TON ecosystem, hopefully spearheading further Toncoin adoption among his myriad fans.
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TON Sites as a Web3 industry standard.
Currently, the world is going crazy for Web3 and the capabilities it’s bringing to the world.
However, current Web3 applications deployed on Ethereum and other popular networks can still be considered as semi-centralized entities due to the high concentration of intermediary service providers.
The industry needs to choose another standard, and TON Sites services are a perfect example of true Web3 service applications.
What is Web3 and why hasn’t it still reached its perfect state?
Web3 is actually a pretty ambiguous term that refers to the internet of the third generation. Web3 will create a Web 2.0 environment with services comparable to Facebook and Google — but decentralized.
A perfect example of a Web3 service is nonfungible tokens (NFT). Most people think of NFTs as images and digital art that store their data on-chain. However, this is only partially true.
Most NFTs that function on-chain store a link instead of an image.
This link leads you to a centralized data point. Contrary to what many believe, the art displayed on popular NFT marketplace OpenSea is not located on the Ethereum blockchain — it’s kept on centralized servers.
Thus, most of the art that is currently circulating on-chain is in fact a combination of URLs that don’t store images on-chain — contrary to the tenets of Web3.
As a result, such an architectural approach creates a strong dependence on centralized data providers, such as Amazon. These data providers could potentially go offline at any moment, meaning that the data and the NFT art would be lost forever.
Why does the TON Sites service take a different approach to data ownership and creation?
From a technical perspective, TON Sites are similar to usual websites, but they’re accessed through the TON blockchain, which is an overlay network atop the internet.
Traffic in the new decentralized TON internet will pass through The Open Network’s nodes, which have a new ADNL protocol, meaning that data will never be stored by a single entity.
This creates a long-lasting relationship with various NFT services by enabling creators and artists to be completely sure that all of their data (if needed) could be further stored securely within the decentralized TON network once NFTs are minted on the blockchain.
This system will be completely decentralized and censorship-resistant, which was Web3’s initial intention.
Currently, the world is going crazy for Web3 and the capabilities it’s bringing to the world.
However, current Web3 applications deployed on Ethereum and other popular networks can still be considered as semi-centralized entities due to the high concentration of intermediary service providers.
The industry needs to choose another standard, and TON Sites services are a perfect example of true Web3 service applications.
What is Web3 and why hasn’t it still reached its perfect state?
Web3 is actually a pretty ambiguous term that refers to the internet of the third generation. Web3 will create a Web 2.0 environment with services comparable to Facebook and Google — but decentralized.
A perfect example of a Web3 service is nonfungible tokens (NFT). Most people think of NFTs as images and digital art that store their data on-chain. However, this is only partially true.
Most NFTs that function on-chain store a link instead of an image.
This link leads you to a centralized data point. Contrary to what many believe, the art displayed on popular NFT marketplace OpenSea is not located on the Ethereum blockchain — it’s kept on centralized servers.
Thus, most of the art that is currently circulating on-chain is in fact a combination of URLs that don’t store images on-chain — contrary to the tenets of Web3.
As a result, such an architectural approach creates a strong dependence on centralized data providers, such as Amazon. These data providers could potentially go offline at any moment, meaning that the data and the NFT art would be lost forever.
Why does the TON Sites service take a different approach to data ownership and creation?
From a technical perspective, TON Sites are similar to usual websites, but they’re accessed through the TON blockchain, which is an overlay network atop the internet.
Traffic in the new decentralized TON internet will pass through The Open Network’s nodes, which have a new ADNL protocol, meaning that data will never be stored by a single entity.
This creates a long-lasting relationship with various NFT services by enabling creators and artists to be completely sure that all of their data (if needed) could be further stored securely within the decentralized TON network once NFTs are minted on the blockchain.
This system will be completely decentralized and censorship-resistant, which was Web3’s initial intention.
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Our New Year $1.5-million airdrop event has come to an end.
We’ve received over 350,000 screenshots, but thankfully, the team has already processed most of the entries. Participants can expect to receive their 0.5 Toncoin in about four days.
If there’s a problem with your entry’s information, the bot will notify you to fix the issue.
Thank you to everyone who participated in the Toncoin New Year airdrop!
We’ve received over 350,000 screenshots, but thankfully, the team has already processed most of the entries. Participants can expect to receive their 0.5 Toncoin in about four days.
If there’s a problem with your entry’s information, the bot will notify you to fix the issue.
Thank you to everyone who participated in the Toncoin New Year airdrop!
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Toncoin has amassed over 90,000 followers on CoinMarketCap.
Only two months ago, in November, this number was just 10,000. Since then, the number of Toncoin followers on CoinMarketCap has increased 800%.
Join the growing community and supporter base by clicking on the star next to Toncoin’s name on CoinMarketCap.
By adding Toncoin to “Favorites,” you’ll be able to follow its price action more closely and bring it more recognition on the platform.
Only two months ago, in November, this number was just 10,000. Since then, the number of Toncoin followers on CoinMarketCap has increased 800%.
Join the growing community and supporter base by clicking on the star next to Toncoin’s name on CoinMarketCap.
By adding Toncoin to “Favorites,” you’ll be able to follow its price action more closely and bring it more recognition on the platform.
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📝 We’re hiring!
We’re looking for a Content Manager.
The position is freelance, part-time work for a native English speaker who has one to two years of experience in copywriting, SMM, marketing, editorial work, or similar fields.
Click here for more details.
We’re looking for a Content Manager.
The position is freelance, part-time work for a native English speaker who has one to two years of experience in copywriting, SMM, marketing, editorial work, or similar fields.
Click here for more details.
Telegraph
Content Manager job vacancy
The position is freelance, part-time work for a native English speaker who has one to two years of experience in copywriting, SMM, marketing, editorial work, or similar fields. Your main task will be to create content, images, or videos on a particular topic…
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Announcing a hackathon for developers.
The TON Foundation is going to host a hackathon contest for developers and will have a prize pool worth $30,000.
Task: Create a decentralized frontend that has liquidity pools for the TON blockchain.
Deadline: Jan. 31.
For more details and to learn how to participate, read this post.
The TON Foundation is going to host a hackathon contest for developers and will have a prize pool worth $30,000.
Task: Create a decentralized frontend that has liquidity pools for the TON blockchain.
Deadline: Jan. 31.
For more details and to learn how to participate, read this post.
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The three commandments of TON.
TON is a third-generation proof-of-stake blockchain.
Ever since it started developing the network, the TON Foundation has been preaching three commandments that illustrate its commitment and philosophy of the TON blockchain.
Today, we’re going to share them with you.
The three commandments of TON:
1. World-class transaction speeds
The TON blockchain is practically unrestrained in terms of the number of active users it can have interacting with the network while providing low transaction costs, which allows TON to process millions of transactions per second.
For comparison’s sake, Ethereum can only process 20 transactions per second, which leads to the network having exorbitant transaction fees and slow transactions.
How does TON achieve lightning-quick transactions?
Currently, TON is using two intersecting blockchains: a master chain and a workchain.
Whatever the case may be, TON is ready to show off its scalability.
When throughput reaches a certain threshold, the workchain breaks into shards: separate blockchains that have smart contract capability and keep a ledger of users’ funds.
Consequently, every shard is further able to split into more sub-shards, the number of which can reach up to 2^32.
TON can exponentially increase its scalability and transaction speeds thanks to this advanced sharding technology.
2. Streamlined and user-friendly interfaces.
TON’s primary goal is to onboard billions of users, which means that app interfaces must be intuitive and easy to use for every user — instead of only being for a small group of specialists.
It was only a short while ago when tech geeks and the curious were the ones using and interested in decentralized networks who would spend days and weeks studying blockchain technology.
Developers at the TON Foundation are shifting the paradigm and allocating a large portion of their time to making decentralized applications simple to use.
3. Decentralization.
Many blockchain projects are suffering from the labors of trying to offer decentralization. A prime example, Ethereum has a high degree of decentralization; however, it pays a steep price with its slow transaction speeds and high gas fees.
Meanwhile, Solana and Binance Smart Chain are much quicker and cheaper blockchains, but their levels of decentralization have been at the center of criticism recently.
Having witnessed missteps from other blockchain projects, TON has been striving toward complete decentralization, offering stability, reliability, and a path to a safe and self-sustaining world.
These three commandments form the pillars of the TON blockchain.
Part of TON’s mission is to stay true to the original tenets of Web3, and we believe that TON has the tools to accomplish this and become the internet of the future for which everyone’s been waiting.
TON is a third-generation proof-of-stake blockchain.
Ever since it started developing the network, the TON Foundation has been preaching three commandments that illustrate its commitment and philosophy of the TON blockchain.
Today, we’re going to share them with you.
The three commandments of TON:
1. World-class transaction speeds
The TON blockchain is practically unrestrained in terms of the number of active users it can have interacting with the network while providing low transaction costs, which allows TON to process millions of transactions per second.
For comparison’s sake, Ethereum can only process 20 transactions per second, which leads to the network having exorbitant transaction fees and slow transactions.
How does TON achieve lightning-quick transactions?
Currently, TON is using two intersecting blockchains: a master chain and a workchain.
Whatever the case may be, TON is ready to show off its scalability.
When throughput reaches a certain threshold, the workchain breaks into shards: separate blockchains that have smart contract capability and keep a ledger of users’ funds.
Consequently, every shard is further able to split into more sub-shards, the number of which can reach up to 2^32.
TON can exponentially increase its scalability and transaction speeds thanks to this advanced sharding technology.
2. Streamlined and user-friendly interfaces.
TON’s primary goal is to onboard billions of users, which means that app interfaces must be intuitive and easy to use for every user — instead of only being for a small group of specialists.
It was only a short while ago when tech geeks and the curious were the ones using and interested in decentralized networks who would spend days and weeks studying blockchain technology.
Developers at the TON Foundation are shifting the paradigm and allocating a large portion of their time to making decentralized applications simple to use.
3. Decentralization.
Many blockchain projects are suffering from the labors of trying to offer decentralization. A prime example, Ethereum has a high degree of decentralization; however, it pays a steep price with its slow transaction speeds and high gas fees.
Meanwhile, Solana and Binance Smart Chain are much quicker and cheaper blockchains, but their levels of decentralization have been at the center of criticism recently.
Having witnessed missteps from other blockchain projects, TON has been striving toward complete decentralization, offering stability, reliability, and a path to a safe and self-sustaining world.
These three commandments form the pillars of the TON blockchain.
Part of TON’s mission is to stay true to the original tenets of Web3, and we believe that TON has the tools to accomplish this and become the internet of the future for which everyone’s been waiting.
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Decentralized exchange Biswap has listed Toncoin.
Biswap is one of the largest decentralized exchange platforms in the world with over 1 million active users and has Binance as one of its main partners.
Biswap’s daily trading volume exceeds $80 million, with a total value locked of about $469.3 million.
Swapping is available in the Toncoin/USDT pair.
What’s more, Toncoin holders can add liquidity to the Toncoin-USDT pool and stake their crypto of the same pair to earn rewards in the form of BSW, the native token of the Biswap platform.
Biswap is one of the largest decentralized exchange platforms in the world with over 1 million active users and has Binance as one of its main partners.
Biswap’s daily trading volume exceeds $80 million, with a total value locked of about $469.3 million.
Swapping is available in the Toncoin/USDT pair.
What’s more, Toncoin holders can add liquidity to the Toncoin-USDT pool and stake their crypto of the same pair to earn rewards in the form of BSW, the native token of the Biswap platform.
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Toncoin will soon be listed on the Bit.com exchange.
Trading will be available in the Toncoin/USDT pair starting on Jan. 21.
Bit.com is a high-performance derivatives exchange that belongs to Matrixport.
Matrixport is a market leader in delivering investment products and financial services for the crypto industry.
Matrixport has a monthly trading volume of $5 billion, and its assets under management exceed $10 billion.
Trading will be available in the Toncoin/USDT pair starting on Jan. 21.
Bit.com is a high-performance derivatives exchange that belongs to Matrixport.
Matrixport is a market leader in delivering investment products and financial services for the crypto industry.
Matrixport has a monthly trading volume of $5 billion, and its assets under management exceed $10 billion.
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VK.com former CEO Andrew Rogozov has joined the TON blockchain project.
Andrew Rogozov, former head of social media platform VK.com, is joining the team at the TON Foundation and will oversee product development, all of which he shared in an interview with crypto news outlet CoinDesk.
Andrew was one of the first employees of the social network and began his career in 2007 under the tutelage of Pavel Durov.
After Durov departed from VK.com, Andrew became the company’s head of product and operational management, later becoming CEO.
In 2021, he was named vice president of VK (previously Mail.ru Group) and, currently, is in charge of the social network’s consulting committee. Additionally, Andrew manages experimental projects in the social network industry and other services with social mechanics.
Andrew will continue working at VK, but in a diminished role, serving as an advisor.
The community welcomes Andrew and is proud to have such an experienced individual in the industry onboard. We wish him all the best and can’t wait to see how his influence on future projects will unfold.
Andrew Rogozov, former head of social media platform VK.com, is joining the team at the TON Foundation and will oversee product development, all of which he shared in an interview with crypto news outlet CoinDesk.
Andrew was one of the first employees of the social network and began his career in 2007 under the tutelage of Pavel Durov.
After Durov departed from VK.com, Andrew became the company’s head of product and operational management, later becoming CEO.
In 2021, he was named vice president of VK (previously Mail.ru Group) and, currently, is in charge of the social network’s consulting committee. Additionally, Andrew manages experimental projects in the social network industry and other services with social mechanics.
Andrew will continue working at VK, but in a diminished role, serving as an advisor.
The community welcomes Andrew and is proud to have such an experienced individual in the industry onboard. We wish him all the best and can’t wait to see how his influence on future projects will unfold.
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