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 »
Validators voted to activate 50% network fees burning
By this time, the first 1000 TON have been burned 🔥
By this time, the first 1000 TON have been burned 🔥
Token bridge fee
Starting June 26, 12:00 UTC, in the token bridge, the commission for transferring tokens from the TON network to the Ethereum network will be 1 TON plus 0.1% of the transfer amount.
The commission for transferring tokens from the Ethereum network to the TON network will remain unchanged - exactly 1 TON.
Starting June 26, 12:00 UTC, in the token bridge, the commission for transferring tokens from the TON network to the Ethereum network will be 1 TON plus 0.1% of the transfer amount.
The commission for transferring tokens from the Ethereum network to the TON network will remain unchanged - exactly 1 TON.
Intermediate results of Rainbow Cross-Chain development for The Open Network
Roman Nguyen shared at the BUIDL Vietnam 2023 our significant results in the development of a unique cross-chain solution that works absolutely without intermediaries and private keys, and checks all data on smart contracts.
https://blog.ton.org/intermediate-results-of-rainbow-cross-chain-development-for-the-open-network
Roman Nguyen shared at the BUIDL Vietnam 2023 our significant results in the development of a unique cross-chain solution that works absolutely without intermediaries and private keys, and checks all data on smart contracts.
https://blog.ton.org/intermediate-results-of-rainbow-cross-chain-development-for-the-open-network
TON Blog
Intermediate Results of Rainbow Cross-Chain Development for The Open Network
We're bringing you the latest updates on the development of TON's trustless bridge that we've been working on with the RSquad team.
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TON wallet becomes an encrypted messenger
https://blog.ton.org/ton-wallet-becomes-an-encrypted-messenger
https://blog.ton.org/ton-wallet-becomes-an-encrypted-messenger
Developer Tools
You should definitely try the latest TON developer tools if you haven't already.
We recommend to use the ton.js library, the Blueprint environment, and the IntelliJ IDEA plugin for the development, testing, and deployment of FunC smart contracts.
For dApps there is TON Connect and a number of APIs: tonapi.io, toncenter.com, TON Access, dTON GraphQL.
These tools make TON developing convenient and enjoyable.
For payment services, the time-tested tonweb (which we plan to refresh and make a "library for paranoids" as much as possible getting rid of third-party dependencies), locally runned ton-http-api and ready-made code examples are well suited.
To run your own TON node, please use mytonctrl or GetBlock.
You should definitely try the latest TON developer tools if you haven't already.
We recommend to use the ton.js library, the Blueprint environment, and the IntelliJ IDEA plugin for the development, testing, and deployment of FunC smart contracts.
For dApps there is TON Connect and a number of APIs: tonapi.io, toncenter.com, TON Access, dTON GraphQL.
These tools make TON developing convenient and enjoyable.
For payment services, the time-tested tonweb (which we plan to refresh and make a "library for paranoids" as much as possible getting rid of third-party dependencies), locally runned ton-http-api and ready-made code examples are well suited.
To run your own TON node, please use mytonctrl or GetBlock.
Liquid staking
Liquid staking is the newest solution that allows you to earn staking rewards and use your assets in DeFi at the same time. Liquid staking is more convenient and accessible for users compared to previous staking options, it also allows you to vote for network updates without having a lot of Toncoins.
Smart contracts for liquid staking developed, and you can participate in testing them by the test application. After the testing phase, the source code of the smart contracts will be published under an free open-source license.
You can find more details in the documentation.
The Tonstakers team has already announced the creation of a custom service based on these contracts.
Alternative available - in partnership with DWF Labs, Bemo successfully launched its own liquid staking protocol.
Liquid staking is the newest solution that allows you to earn staking rewards and use your assets in DeFi at the same time. Liquid staking is more convenient and accessible for users compared to previous staking options, it also allows you to vote for network updates without having a lot of Toncoins.
Smart contracts for liquid staking developed, and you can participate in testing them by the test application. After the testing phase, the source code of the smart contracts will be published under an free open-source license.
You can find more details in the documentation.
The Tonstakers team has already announced the creation of a custom service based on these contracts.
Alternative available - in partnership with DWF Labs, Bemo successfully launched its own liquid staking protocol.
Q2 2023 Results
Actively adopting DeFi, optimizing tokenomics, and steadily following the roadmap:
https://blog.ton.org/ton-q2-2023-results
Actively adopting DeFi, optimizing tokenomics, and steadily following the roadmap:
https://blog.ton.org/ton-q2-2023-results
TON Blog
TON – Q2 2023 Results
Over the past three months, several significant events have unfolded in TON Ecosystem
The Locker bug bounty event: Results
The Locker smart contract remained unbroken.
🎖 thekiba receives a bonus prize of 100 TON for a minor remark.
More events on @toncontests and bug bounty program.
The Locker smart contract remained unbroken.
🎖 thekiba receives a bonus prize of 100 TON for a minor remark.
More events on @toncontests and bug bounty program.
Forwarded from TON Community
Introducing Wallet Pay: A Revolutionary Technology for Shopping With Cryptocurrency.
The @wallet team is launching Wallet Pay, a groundbreaking payment system that allows users to purchase goods and services on Telegram using cryptocurrencies.
This unique tool seamlessly integrates with any Telegram bot or service, enabling users to easily make payments in Toncoin, USDT, or Bitcoin directly via the Telegram messenger interface.
Wallet Pay is both simple and easy to use. It eliminates the need for novice crypto users to navigate complex and unintuitive crypto payment services, streamlining the entire process to just a few clicks within the merchant bot or Telegram Web App.
Moreover, @wallet users can conveniently and instantly top up their cryptocurrency accounts with a debit or credit card during the payment process, greatly simplifying the use of digital assets.
Wallet Pay is an extraordinary tool for Telegram, empowering its over 700 million users to embrace blockchain technology and integrate crypto into their daily lives, ultimately bringing us closer to the mass adoption of digital currency.
You can try Wallet Pay via the test bot or apply as a merchant using the website.
The @wallet team is launching Wallet Pay, a groundbreaking payment system that allows users to purchase goods and services on Telegram using cryptocurrencies.
This unique tool seamlessly integrates with any Telegram bot or service, enabling users to easily make payments in Toncoin, USDT, or Bitcoin directly via the Telegram messenger interface.
Wallet Pay is both simple and easy to use. It eliminates the need for novice crypto users to navigate complex and unintuitive crypto payment services, streamlining the entire process to just a few clicks within the merchant bot or Telegram Web App.
Moreover, @wallet users can conveniently and instantly top up their cryptocurrency accounts with a debit or credit card during the payment process, greatly simplifying the use of digital assets.
Wallet Pay is an extraordinary tool for Telegram, empowering its over 700 million users to embrace blockchain technology and integrate crypto into their daily lives, ultimately bringing us closer to the mass adoption of digital currency.
You can try Wallet Pay via the test bot or apply as a merchant using the website.
Liquid staking
Following public alpha-test of liquid staking protocol in July, we are ready to publish protocol source-code and announce public beta-test.
Since July, code has passed a few external code reviews by best TON hackers, however a few more code reviews are undergoing. Use protocol code at own risk.
Liquid staking protocol is aimed to be development of Nominators concept from original whitepaper: further democratize participation in network operation by connecting TON holders and node operators. Simultaneously Liquid Staking Pool jettons can work as basic block for higher level DeFi protocols.
Protocol utilizes ideas of jetton-based DAO to give voting power to nominators as well as specific TON feature exotic library cells for forward fees optimization.
Last but not least point is that great power is great responsibility. Staking secures TON blockchain, where stake is guarantee of correct behavior. By sharing profits with specific pool you also shares responsibility for TON future and stake assets risks. Participate only in the pools you trust.
Following public alpha-test of liquid staking protocol in July, we are ready to publish protocol source-code and announce public beta-test.
Since July, code has passed a few external code reviews by best TON hackers, however a few more code reviews are undergoing. Use protocol code at own risk.
Liquid staking protocol is aimed to be development of Nominators concept from original whitepaper: further democratize participation in network operation by connecting TON holders and node operators. Simultaneously Liquid Staking Pool jettons can work as basic block for higher level DeFi protocols.
Protocol utilizes ideas of jetton-based DAO to give voting power to nominators as well as specific TON feature exotic library cells for forward fees optimization.
Last but not least point is that great power is great responsibility. Staking secures TON blockchain, where stake is guarantee of correct behavior. By sharing profits with specific pool you also shares responsibility for TON future and stake assets risks. Participate only in the pools you trust.
Believers.ton — A community-driven effort to bring more transparent and predictable Toncoin tokenomics
As you know, the community is continuously working on systematic actions to amplify the TON tokenomics, which started with decentralized distribution through mining.
So far, the community reached multiple important milestones:
— Created a fund and reserve of more than 550M TON
— Nominators were established, bringing the number of validators to over 300 and the total stake employed in validation to over 450M TON
— Implemented a community proposal to optimize tokenomics, affecting 1.081B TON
— Launched a mechanism to burn a portion of the network fees
A new Believers.ton initiative has recently emerged in the community, allowing users to lock their Toncoins into the Believers.ton smart contract for five years, while other users can donate Toncoins, rewarding those who have locked their coins. The more coins are locked in the smart contract, the more transparent and predictable tokenomics become, which is vital for developing the network and attracting new participants.
We have audited and tested this smart contract at the community's request. The smart contract is fully autonomous and guarantees the described functionality.
This effort is an excellent example of how the TON community can organize itself. An excellent community-driven effort, where individual community members encourage and reward each other for contributing towards the greater good. This initiative has a significant potential to positively impact the future of TON, especially if large holders participate.
As proof of our deep interest in this effort and based on the results of the last community survey, the TON Foundation will support it by sending 1 million TON from the TON reserve to reward depositors.
Please consider participating in Believers.ton as a patron or depositor.
Instruction »
As you know, the community is continuously working on systematic actions to amplify the TON tokenomics, which started with decentralized distribution through mining.
So far, the community reached multiple important milestones:
— Created a fund and reserve of more than 550M TON
— Nominators were established, bringing the number of validators to over 300 and the total stake employed in validation to over 450M TON
— Implemented a community proposal to optimize tokenomics, affecting 1.081B TON
— Launched a mechanism to burn a portion of the network fees
A new Believers.ton initiative has recently emerged in the community, allowing users to lock their Toncoins into the Believers.ton smart contract for five years, while other users can donate Toncoins, rewarding those who have locked their coins. The more coins are locked in the smart contract, the more transparent and predictable tokenomics become, which is vital for developing the network and attracting new participants.
We have audited and tested this smart contract at the community's request. The smart contract is fully autonomous and guarantees the described functionality.
This effort is an excellent example of how the TON community can organize itself. An excellent community-driven effort, where individual community members encourage and reward each other for contributing towards the greater good. This initiative has a significant potential to positively impact the future of TON, especially if large holders participate.
As proof of our deep interest in this effort and based on the results of the last community survey, the TON Foundation will support it by sending 1 million TON from the TON reserve to reward depositors.
Please consider participating in Believers.ton as a patron or depositor.
Instruction »