A Community Proposal for Tokenomics Optimization
On December 17, in response to repeated requests for greater certainty, clarity and transparency over the tokenomics of the TON network, the community has called for all early miners to activate their inactive mining wallets by the end of 2022.
Out of the 204 inactive mining wallets identified by the community, 194 wallets holding 1,081,425,847 Toncoin remain inactive today. These mining wallets — the genesis wallets that have mined Toncoin directly from the Proof-of-Work smart-contracts — have never been activated and do not have a single outgoing transfer in their history.
Toncoin is a gas required to access decentralized services on the TON network. It has been widely speculated that access to these inactive wallets may have been lost. What is clear is that there is a community consensus: the existence of these unutilized Toncoin only increases the uncertainty for the network participants.
TON is a community-driven blockchain, and we believe that the network validators should listen to the voice of the community.
Therefore, we are suggesting a validator vote for the proposal of tokenomics optimization, one that enables these inactive mining wallets to remain inactive for a certain period of time.
In spite of some people proposing a permanent inactivation, the majority of the community was in favour of preserving the very idea that keeps us as one: decentralization. For this reason, the community has reached a consensus to set this period to 48 months. This will give the TON ecosystem enough time to flourish while providing flexibility to those who may not be aware of these discussions in the community.
Like any network proposals, this will require at least 75% of the validator votes in two consecutive validation rounds to take effect.
The owners of the inactive mining wallets can opt out by activating their wallets at anytime before the end of the voting that will start on February 21, 2023. The full list of inactive mining wallets can be found here: https://tontech.io/stats/early-miners.
Wallets that did not receive Toncoin directly from the mining smart contracts ("Givers") or made an outgoing transaction at any time in the past will not be affected.
We are proud that TON is a uniquely decentralized blockchain community. Our mission of decentralization can be achieved as long as we have the active participation of the community, which we have today.
We strongly encourage the community to discuss and voice their opinions about this proposal.
On December 17, in response to repeated requests for greater certainty, clarity and transparency over the tokenomics of the TON network, the community has called for all early miners to activate their inactive mining wallets by the end of 2022.
Out of the 204 inactive mining wallets identified by the community, 194 wallets holding 1,081,425,847 Toncoin remain inactive today. These mining wallets — the genesis wallets that have mined Toncoin directly from the Proof-of-Work smart-contracts — have never been activated and do not have a single outgoing transfer in their history.
Toncoin is a gas required to access decentralized services on the TON network. It has been widely speculated that access to these inactive wallets may have been lost. What is clear is that there is a community consensus: the existence of these unutilized Toncoin only increases the uncertainty for the network participants.
TON is a community-driven blockchain, and we believe that the network validators should listen to the voice of the community.
Therefore, we are suggesting a validator vote for the proposal of tokenomics optimization, one that enables these inactive mining wallets to remain inactive for a certain period of time.
In spite of some people proposing a permanent inactivation, the majority of the community was in favour of preserving the very idea that keeps us as one: decentralization. For this reason, the community has reached a consensus to set this period to 48 months. This will give the TON ecosystem enough time to flourish while providing flexibility to those who may not be aware of these discussions in the community.
Like any network proposals, this will require at least 75% of the validator votes in two consecutive validation rounds to take effect.
The owners of the inactive mining wallets can opt out by activating their wallets at anytime before the end of the voting that will start on February 21, 2023. The full list of inactive mining wallets can be found here: https://tontech.io/stats/early-miners.
Wallets that did not receive Toncoin directly from the mining smart contracts ("Givers") or made an outgoing transaction at any time in the past will not be affected.
We are proud that TON is a uniquely decentralized blockchain community. Our mission of decentralization can be achieved as long as we have the active participation of the community, which we have today.
We strongly encourage the community to discuss and voice their opinions about this proposal.
TON Roadmap 2023
The roadmap for this year has been put together and published.
Over the last year, an ecosystem of various TON products has been rapidly built, ranging from decentralized exchanges and multifunctional wallets to marketplaces and blockchain games. Components of The Open Network were also launched including: TON DNS, TON Payments, TON Proxy, TON Sites, and TON Storage.
The first half of this year will be dedicated to harmonizing, improving and optimizing all of our current development projects to make TON as useful and convenient as possible for users.
The roadmap includes many TON improvements specifically designed to meet the needs of TON developers, providing them with the tools and resources they previously lacked.
TON is the only modern blockchain finding new, sometimes unexpected, ways to attract users. In the second half of the year, we aim to surpass all of our previous efforts with the goal of bringing even more users to TON.
Because we always try to solve the most pressing problems, and events are dynamically changing, Q3 and Q4 are not completely filled-in and additions will be made as our work progresses.
In technical terms, TON already surpasses all other existing blockchains by a large margin.
In order to confirm this, we have planned a show to demonstrate the real performance of TON and its ability to scale under heavy load.
Further developments for TON Proxy, TON Payments and TON Storage are described on separate pages.
The roadmap for this year has been put together and published.
Over the last year, an ecosystem of various TON products has been rapidly built, ranging from decentralized exchanges and multifunctional wallets to marketplaces and blockchain games. Components of The Open Network were also launched including: TON DNS, TON Payments, TON Proxy, TON Sites, and TON Storage.
The first half of this year will be dedicated to harmonizing, improving and optimizing all of our current development projects to make TON as useful and convenient as possible for users.
The roadmap includes many TON improvements specifically designed to meet the needs of TON developers, providing them with the tools and resources they previously lacked.
TON is the only modern blockchain finding new, sometimes unexpected, ways to attract users. In the second half of the year, we aim to surpass all of our previous efforts with the goal of bringing even more users to TON.
Because we always try to solve the most pressing problems, and events are dynamically changing, Q3 and Q4 are not completely filled-in and additions will be made as our work progresses.
In technical terms, TON already surpasses all other existing blockchains by a large margin.
In order to confirm this, we have planned a show to demonstrate the real performance of TON and its ability to scale under heavy load.
Further developments for TON Proxy, TON Payments and TON Storage are described on separate pages.
TON Awards 2022
If you've made an open-source non-commercial product on TON and it's working you can submit it to the TON Awards 2022.
Learn more »
If you've made an open-source non-commercial product on TON and it's working you can submit it to the TON Awards 2022.
Learn more »
It’s great to see how the TON community creates new self-government tools. Orbs team recently performed a preliminary informational voting at ton.vote for the last proposal to improve tokenomics allowing all network users to participate and show validators their preferences.
Now it's time for validators to make a choice.
TON validators, please participate in the voting for the community proposal for tokenomics optimization as described in the @tonstatus channel.
Now it's time for validators to make a choice.
TON validators, please participate in the voting for the community proposal for tokenomics optimization as described in the @tonstatus channel.
Community proposal for tokenomics optimization has been approved — more than 75% of validators voted for it in two consequent rounds.
171 inactive early miners' wallets with a total balance of 1,081,389,417 TON (more than 20% of the total supply) will not be able to become activated until February 21, 2027, 09:00 UTC.
This decision is going to provide additional clarity regarding Toncoin tokenomics and increase predictability for the network participants. In combination it will contribute to the further growth of the TON ecosystem.
171 inactive early miners' wallets with a total balance of 1,081,389,417 TON (more than 20% of the total supply) will not be able to become activated until February 21, 2027, 09:00 UTC.
This decision is going to provide additional clarity regarding Toncoin tokenomics and increase predictability for the network participants. In combination it will contribute to the further growth of the TON ecosystem.
The Open Network
TON Awards 2022 If you've made an open-source non-commercial product on TON and it's working you can submit it to the TON Awards 2022. Learn more »
Submissions for the TON Awards 2022 will close on March 1, 12:00 UTC.
You can send a submission on GitHub.
You can send a submission on GitHub.
TON Connect
The Open Network pretends to have a unified way for communication between TON wallets and TON apps to achieve following goals:
— Any TON app can be operated by any TON wallet. No matter web or desktop application, mobile wallet, hardware wallet or browser extension — all need to be compatible with each other and communicate using the same protocol.
— Users get a familiar and friendly experience across all TON apps. The user should not be required to do anything more complicated than click a link or scan a QR code to connect the wallet.
The Tonkeeper team did a great job developing TON Connect that solves these problems in a decentralized way.
TON community developers please participate in the open discussion about TON Connect before it becomes a network-wide standard. If you find any shortcomings or weaknesses of the proposed solution please report it.
TEP discussion »
The Open Network pretends to have a unified way for communication between TON wallets and TON apps to achieve following goals:
— Any TON app can be operated by any TON wallet. No matter web or desktop application, mobile wallet, hardware wallet or browser extension — all need to be compatible with each other and communicate using the same protocol.
— Users get a familiar and friendly experience across all TON apps. The user should not be required to do anything more complicated than click a link or scan a QR code to connect the wallet.
The Tonkeeper team did a great job developing TON Connect that solves these problems in a decentralized way.
TON community developers please participate in the open discussion about TON Connect before it becomes a network-wide standard. If you find any shortcomings or weaknesses of the proposed solution please report it.
TEP discussion »
The Open Network
TON Awards 2022 If you've made an open-source non-commercial product on TON and it's working you can submit it to the TON Awards 2022. Learn more »
🏆 The TON Awards ceremony will be held online in text format tomorrow at 15:00 UTC.
See you soon!
See you soon!
TON Connect
Public discussions on the TON Connect standard have been finalized.
Most TON wallets already supported TON Connect (2.0), we hope that other ecosystem wallets will start supporting this standard in the near future.
Nonetheless, developers may still hold public discussions about how to improve new versions of the TON Connect protocol.
Public discussions on the TON Connect standard have been finalized.
Most TON wallets already supported TON Connect (2.0), we hope that other ecosystem wallets will start supporting this standard in the near future.
Nonetheless, developers may still hold public discussions about how to improve new versions of the TON Connect protocol.
Results of the TON Awards 2022
301,920 TON ($676,300) was distributed between 42 great open-source projects.
The Open Network is a community-driven project where everyone is involved in contributing to a more decentralized and freer world.
The TON Foundation team is proud to be working with such talented developers from all over the world and would like to invite new teams to join our collective venture.
301,920 TON ($676,300) was distributed between 42 great open-source projects.
The Open Network is a community-driven project where everyone is involved in contributing to a more decentralized and freer world.
The TON Foundation team is proud to be working with such talented developers from all over the world and would like to invite new teams to join our collective venture.
Token Bridge
The unlimited bridge for token transfer between the Ethereum and TON blockchains has been launched.
At the moment, you can freely transfer USDT, UDSC, DAI and WBTC tokens.
In the future, users will be able to transfer any ERC-20 compatible tokens.
The bridge has been verified by leading audit companies, including CertiK, Hexens, Quantstamp, and a public competition has been held to find vulnerabilities.
The Toncoin bridge has also received an update which added support for different languages as well as a number of UI improvements.
bridge.ton.org
The unlimited bridge for token transfer between the Ethereum and TON blockchains has been launched.
At the moment, you can freely transfer USDT, UDSC, DAI and WBTC tokens.
In the future, users will be able to transfer any ERC-20 compatible tokens.
The bridge has been verified by leading audit companies, including CertiK, Hexens, Quantstamp, and a public competition has been held to find vulnerabilities.
The Toncoin bridge has also received an update which added support for different languages as well as a number of UI improvements.
bridge.ton.org
Q1 2023 Results
TON Ecosystem has demonstrated impressive growth, with a 25% increase in the total number of accounts and transactions, a thriving DeFi sector, a cohesive ecosystem that continues to improve synergy between components, and a developer community that is rapidly expanding.
https://telegra.ph/TON--Results-from-Q1-2023-04-18
TON Ecosystem has demonstrated impressive growth, with a 25% increase in the total number of accounts and transactions, a thriving DeFi sector, a cohesive ecosystem that continues to improve synergy between components, and a developer community that is rapidly expanding.
https://telegra.ph/TON--Results-from-Q1-2023-04-18
Telegraph
TON – Results from Q1 2023
At the start of the year, TON joined Cointelegraph’s Top-30 most influential crypto industry players. However, our ambitions go much further than this and TON continues to develop rapidly according to our roadmap. Stability and scalability Over the last three…
Best practices for processing deposits and withdrawals in Toncoin and Jettons
When integrating Toncoin and Jettons to your exchange/bot/payment system, please refer to the JS examples:
Toncoin
— Processing deposits
— Processing withdrawals
— Detailed info
Jettons
— Processing deposits
— Processing withdrawals
— Detailed info
When integrating Toncoin and Jettons to your exchange/bot/payment system, please refer to the JS examples:
Toncoin
— Processing deposits
— Processing withdrawals
— Detailed info
Jettons
— Processing deposits
— Processing withdrawals
— Detailed info
Tokenomics deflation mechanism
The latest TON updates (2023.04, 2023.05) were devoted to optimization, security, and stability.
Today's TON update (2023.06) introduces a new Toncoin deflation mechanism:
🔥 Burning part of the network commission.
🕳 Black hole – if you send Toncoin here, it will completely disappear and be deducted from the total supply.
Network-wide voting for the activation of this functionality is scheduled for June 15th.
Read more »
The latest TON updates (2023.04, 2023.05) were devoted to optimization, security, and stability.
Today's TON update (2023.06) introduces a new Toncoin deflation mechanism:
🔥 Burning part of the network commission.
🕳 Black hole – if you send Toncoin here, it will completely disappear and be deducted from the total supply.
Network-wide voting for the activation of this functionality is scheduled for June 15th.
Read more »
Big TVM update
The most significant TON Virtual Machine update so far – extended cryptography, arbitrary-precision arithmetic, and new instructions – this update will make TVM one of the most versatile virtual machines around and allow developers to create an even more diverse range of smart contracts, services, and products on TON.
We invite everyone to take part in the programming contest with 30,000 TON prize pool and showcase their best use of the new TVM features or take part in the bug bounty program receiving a reward for found bugs and vulnerabilities of the new TVM in the testnet.
Read more »
The most significant TON Virtual Machine update so far – extended cryptography, arbitrary-precision arithmetic, and new instructions – this update will make TVM one of the most versatile virtual machines around and allow developers to create an even more diverse range of smart contracts, services, and products on TON.
We invite everyone to take part in the programming contest with 30,000 TON prize pool and showcase their best use of the new TVM features or take part in the bug bounty program receiving a reward for found bugs and vulnerabilities of the new TVM in the testnet.
Read more »
🛡️ Discussion on updating the TON address format
TON is a blockchain designed for mass adoption. As part of this endeavor, we propose to add several guidelines and make small changes to the address format. The goal is to ensure that even inexperienced users who mistakenly send funds to the wrong place do not lose their funds and have them returned in most cases.
We encourage all developers to join in the discussion regarding the TON address format.
This proposal focuses on changes that almost completely maintain backward compatibility. However, we are open to discussing other proposals, including more radical ones.
TEP discussion »
TON is a blockchain designed for mass adoption. As part of this endeavor, we propose to add several guidelines and make small changes to the address format. The goal is to ensure that even inexperienced users who mistakenly send funds to the wrong place do not lose their funds and have them returned in most cases.
We encourage all developers to join in the discussion regarding the TON address format.
This proposal focuses on changes that almost completely maintain backward compatibility. However, we are open to discussing other proposals, including more radical ones.
TEP discussion »
Validators please vote for or against the proposal to burn 50% network fees.
Proposal info »
Public poll results »
How to vote »
Proposal info »
Public poll results »
How to vote »