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.

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 »

TON Foundation is now a Swiss non-profit! 🇨🇭

TON is presenting with Telegram at TOKEN2049.

Get ready for something the industry has never seen before as they present "Converting Telegram to Web3 with Toncoin".

🗓️ Save the date: Wed, Sep 13, 3:00 PM - 3:15 PM GMT +8, KuCoin Stage, Singapore.

We're very proud to be the Platinum Partner at TOKEN2049.

Recording of the epoch-making performance of Telegram and TON at TOKEN2049 is here!

Key highlights:

— Telegram starts working with TON Foundation to integrate and promote TON-based Web3 ecosystem.

— Last year, Telegram enabled users to buy and sell Telegram usernames and IDs on Fragment – a TON-based auction platform. It was a phenomenal success. Telegram sold $120M worth of digital assets in auctions, while early buyers of some Telegram-related digital assets – such as Telegram anonymous numbers – have seen a 27x (!) increase in value after only 9 months.

— Telegram now has 800 million active users from all over the world. By 2028, the number is expected to reach 1.5 billion. TON Foundation aims to onboard 30% of active Telegram users to TON in the next 3-5 years. That's 30 times the entire current active crypto audience in the world.

— Wallet has appeared in Telegram Menu for its current users.

— In November, Wallet will appear in Menu and Attachment Menu for ALL non-US Telegram users.

— You can already try TON Space, a non-custodial wallet inside Telegram.

— Exclusive for TON-based projects: priority access to Telegram Ads for Web3.

For more information, watch a recording of the perfomance or read the post on Pavel Durov's personal blog.

TON-based Telegram Mini Apps — The Next Major Web3 Trend

The combination of TON and the Telegram Mini Apps platform allows any developer to create various valuable and user-friendly Web3 services for hundreds of millions of Telegram users.

This is becoming a global trend as popular tracking services CoinGecko and CoinMarketCap have already deployed trackers for crypto apps in Telegram. In addition, the tApps.center catalog has been launched that lists over 75 Telegram-based Mini Apps.

TON-based Mini Apps running on Telegram enjoy native Telegram integration and priority access to Telegram Ads, making it easier to approach the masses and onboard new users. Additionally, developers can buy Fragments — short usernames for their apps on the TON Blockchain to even further boost their awareness and provide ease of access.

On top of that, there are multiple incentives and benefits for developers. In July, the TON Foundation held the TON-based Telegram Apps contest with a prize pool of $60,000. There is another Mini Apps contest with a prize pool of $50,000 from the Telegram team running now.

Here, fresh ideas and new solutions are born in a creative environment of collaboration and innovation. The TON Community, in an initiative with the TON Foundation and Telegram, is rapidly building a new decentralized future, and developers are welcome to join.

Trending Mini Apps »

Documentation for developers »

Strategic partnership with Tencent Cloud and Chainbase

Tencent Cloud and TON Foundation are devoted to supporting web applications and bots built within Telegram. For example, Telegram games built on TON can benefit from Tencent Cloud’s enriched gaming solution and reference cases. For all projects built on TON, Tencent Cloud will offer, subject to approval, a dedicated amount of cloud credits and product discounts, made available through the Tencent Cloud Startup Program.

https://apnews.com/press-release/news-direct-corporation/philanthropy-3e3ea003105079811955b7f8162325da

TON is officially the world’s fastest blockchain

On October 31, we proved that TON is the fastest and most scalable blockchain in the world.

During public performance testing on 256 validator nodes, a speed of 104 715 transactions of smart contract execution per second was set. CertiK, the Web3's leading auditor, participated in the event as an independent party and confirmed the results.

This number not only exceeds all confirmed results of other blockchains, but also exceeds the maximum speed of centralized payment systems such as Visa and MasterCard.

The most impressive thing is that the result is far from the limit. TON can handle millions of transactions per second if there are enough validator nodes in the network.

Read the full recap of the event »

Watch the event »

Planned Change of the Ecosystem Reserve Address

A planned change of the Ecosystem Reserve address will be performed on Friday, November 3, 2023. This requires transferring the Ecosystem Reserve balance to the new address: EQBmzW4wYlFW0tiBgj5sP1CgSlLdYs-VpjPWM7oPYPYWQEdT.

This transfer is not a response to any security breach or compromise. It is a planned action linked to a change of the security protocol by the reserve holders and involved technical solutions.

Commitment to decentralization

Since its genesis, TON is a decentralized and self-govern blockchain. Any changes and updates in the network are only possible with the consensus of 66% of the validators.

Today we have removed the last element that could be considered as inconsistent with this principle – the configuration key.

The configuration key could be used in case of emergency to change some technical parameters of the network configuration. This key has never been able to modify of arbitrary smart contracts (e.g balance, code or account data changing). But still it was the last element, which removal was needed to achieve full decentralization of the TON blockchain.

https://tonscan.org/tx/i6oRAQLL8keqIuJmLOi-Sf3bsQblB-5NYt7Sn8YcO5o=

The Gateway Rewind

The Open Network Conference hosted by TON Community held in Dubai this November.

Read the highlights »

Watch Day 1 »

Watch Day 2 »

For the last two days, the TON blockchain has realized a new milestone while experiencing a significant slowdown in transaction processing.

No smart contracts or user assets are at risk. All sent messages will be processed.

We're working on fixing the problem.

Tech report »‎

Call for Network Validators to get in contact

The TON blockchain is experiencing reduced performance now due to a backlog of transactions in the queue to be validated. We’ve received a response from many validators on the network who have already upgraded using the patch provided this morning.

However, there are still some we have been unable to reach. We need to collect the machine specifications from all validators to progress the upgrade as quickly as possible. If you maintain a TON validator node, please get in touch with us urgently so we can resolve the network performance issues.

You can reach the team via this google form. If you know someone who maintains a validator node on TON, please also feel free to forward this message.

Validators voted to activate TVM update

Now TON developers even more equipped to develop cutting edge protocols.

The highlights of 2023

The most significant of last year's many events:

Mass-adoption:

— TON x Telegram;

Performance:

— World blockchain speed and scalability record;

— 80M transactions in 15 days in mainnet;

Tokenomics:

— Achieving transparency and predictability for more than 66% of tokenomics [1] [2] [3];

— Implementation of the mechanism of burning half of the network fees, achieving deflationary in December;

Recognition:

— The Dubai Financial Services Authority added TON;

— Swiss non-profit TON Foundation;

— The Gateway Conference;

Decentralization:

— Deleting the configuration key;

— Network-wide votings has become commonplace;

Usability:

— Lots of updates to wallets, DEX's, staking, bridge and every service in the TON ecosystem;

Integration:

— TON x Trust Wallet, Ledger, Amazon Web Services, Tencent Cloud, Elliptic, Blockchain.com, Animoca Brands, Bitget Wallet, Atomic Wallet, Changelly and many others;

Technology:

— Zero-Knowledge on TON;

— Constant kernel and developer updates;

Read more detailed review and developer report on the blog.