Forwarded from Du Rove's Channel (Pavel Durov)
After my last post, some people expressed concern that, as a result of ad sales exclusively for TON, Telegram may end up holding an unhealthy share of Toncoin, which will be too concentrated for a decentralized ecosystem. We acknowledge these concerns and have come up with a solution.
To limit Telegram’s share of TON at ≈10% of the supply, we’ll be selling the upcoming surplus of our TON holdings to long-term investors — under 1-4 years lockup and vesting plan, but at a discount to the market price. This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility.
Potential investors in TON have been actively trying to reach out to us through various means. To make the process of any TON sales from Telegram fair and streamlined, we set up a new email address investors@telegram.org, where large investors ($1M+) can express their interest. Thanks to the participation of more long-term holders, TON will remain stable and decentralized.
To limit Telegram’s share of TON at ≈10% of the supply, we’ll be selling the upcoming surplus of our TON holdings to long-term investors — under 1-4 years lockup and vesting plan, but at a discount to the market price. This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility.
Potential investors in TON have been actively trying to reach out to us through various means. To make the process of any TON sales from Telegram fair and streamlined, we set up a new email address investors@telegram.org, where large investors ($1M+) can express their interest. Thanks to the participation of more long-term holders, TON will remain stable and decentralized.
The Open League Season 1
$115M for TON Community 🤩
Read more:
https://blog.ton.org/april-1st-the-open-league-season-1-115-million-in-toncoin-community-rewards
For projects:
https://blog.ton.org/the-open-league-season-1-for-projects
$115M for TON Community 🤩
Read more:
https://blog.ton.org/april-1st-the-open-league-season-1-115-million-in-toncoin-community-rewards
For projects:
https://blog.ton.org/the-open-league-season-1-for-projects
TON Blog
April 1st. The Open League Season 1. $115 million in Toncoin community rewards.
The Open League's pilot season saw a 70% increase in TVL and a 370% rise in daily active wallets in two weeks, prompting expansion efforts. The TON Foundation will distribute
Voting to reduce network fees
TON has always been known for its low network fees.
Fees in TON are fixed (in Toncoin) and do not depend on the load in the network in any way. However, given the rise of Toncoin price, they are no longer so low in terms of dollars.
Fortunately, TON provides a mechanism for reducing the cost of fees by network-wide voting.
We encourage validators to vote for this fee reduction.
https://telegra.ph/Making-TON-the-Most-Affordable-scalable-Layer-1-Network-04-16
How to vote »
TON has always been known for its low network fees.
Fees in TON are fixed (in Toncoin) and do not depend on the load in the network in any way. However, given the rise of Toncoin price, they are no longer so low in terms of dollars.
Fortunately, TON provides a mechanism for reducing the cost of fees by network-wide voting.
We encourage validators to vote for this fee reduction.
https://telegra.ph/Making-TON-the-Most-Affordable-scalable-Layer-1-Network-04-16
How to vote »
Telegraph
Making TON the Most Affordable, scalable Layer 1 Network.
The TON Core team wants to share with the validator community new plans to improve our ecosystem’s affordability and growth. The team is looking to introduce an initiative to cut transaction fees, making TON transactions more affordable to encourage activity…
Validators voted to reduce fees
Network fees decreased by 2.5 times. We thank the validators for your choice.
This is the first use of the TON fees reduction mechanism on the mainnet.
Validators also voted for the first precompiled smart contract, which will further reduce fees for USDt in particular.
Developers please pay attention to the guidelines.
Network fees decreased by 2.5 times. We thank the validators for your choice.
This is the first use of the TON fees reduction mechanism on the mainnet.
Validators also voted for the first precompiled smart contract, which will further reduce fees for USDt in particular.
Developers please pay attention to the guidelines.
Key highlights of the groundbreaking perfomance of Telegram, TON and Tether at TOKEN2049
— Telegram is #6 most used app in the world. 900M MAU, 360M Mini Apps MAU. The number of Mini Apps users can be doubled.
— Telegram Mini Apps, Wallet and TON blockchain provide unprecedented opportunities for developers — an example is Notcoin, which engaged 35M users in 3 months.
— Telegram has launched Ad revenue sharing — payments and withdrawals in TON.
— Telegram will also launch optional monetization of large public chat groups.
— Announce of a revenue sharing model for tips to creators — withdrawals in TON.
— Telegram will allow users to buy digital goods and services — withdrawals in TON.
— Telegram will tokenize stickers and emoji.
— Tether launched USDt on TON. Tether noted the scalability of the TON blockchain and its low fees.
Recording of the perfomance »
— Telegram is #6 most used app in the world. 900M MAU, 360M Mini Apps MAU. The number of Mini Apps users can be doubled.
— Telegram Mini Apps, Wallet and TON blockchain provide unprecedented opportunities for developers — an example is Notcoin, which engaged 35M users in 3 months.
— Telegram has launched Ad revenue sharing — payments and withdrawals in TON.
— Telegram will also launch optional monetization of large public chat groups.
— Announce of a revenue sharing model for tips to creators — withdrawals in TON.
— Telegram will allow users to buy digital goods and services — withdrawals in TON.
— Telegram will tokenize stickers and emoji.
— Tether launched USDt on TON. Tether noted the scalability of the TON blockchain and its low fees.
Recording of the perfomance »
YouTube
Token 2049 Announcement
Pavel Durov, CEO of Telegram
Andrew Rogozov, Founder and CEO of The Open Platform
Paolo Ardoino, CEO of Tether
Andrew Rogozov, Founder and CEO of The Open Platform
Paolo Ardoino, CEO of Tether
USDt on TON
— Already integrated into @wallet and into many exchanges, onramp and services.
— Free withdrawals from major exchanges and @wallet until the end of June.
— 11M Toncoin rewards for USDt users.
— USDt-TON Learn and Earn campaign on OKX.
— Low on-chain fees.
— Soon: on-chain fees in USDT.
https://ton.org/en/borderless
— Already integrated into @wallet and into many exchanges, onramp and services.
— Free withdrawals from major exchanges and @wallet until the end of June.
— 11M Toncoin rewards for USDt users.
— USDt-TON Learn and Earn campaign on OKX.
— Low on-chain fees.
— Soon: on-chain fees in USDT.
https://ton.org/en/borderless
TON
Send Digital Dollars to
anyone, anywhere.
anyone, anywhere.
Digital Dollars on TON are based on USDT, a US dollar backed stablecoin. Now you can send and receive them right in Telegram. As easy as sending a message.
Attention TON Community 💎
If you have experience with learning and development on TON and have noticed something missing in the documentation or tools, this is your chance to let us know.
We encourage every community member to share their experiences with TON development by participating in our survey.
The survey encompasses four key topics and will take approximately 5-8 minutes of your time.
We invite you to contribute to this important initiative and share your valuable experiences here:
👉 https://nletwfvh.paperform.co
If you have experience with learning and development on TON and have noticed something missing in the documentation or tools, this is your chance to let us know.
We encourage every community member to share their experiences with TON development by participating in our survey.
The survey encompasses four key topics and will take approximately 5-8 minutes of your time.
We invite you to contribute to this important initiative and share your valuable experiences here:
👉 https://nletwfvh.paperform.co
Forwarded from TON Community
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VIEW IN TELEGRAM
Forwarded from Du Rove's Channel (Pavel Durov)
We are now seeing a large wave of new miniapps being built on Telegram and TON. Notcoin, the leader of the pack, used its mighty paws to pave the way for many apps to come
Please open Telegram to view this post
VIEW IN TELEGRAM
Transition from jUSDT to native USDt
USDt's launch on TON had huge success: there are already 316 million USDt in circulation!
Before launching the native USDt, the bridged jUSDT fulfilled its role in the TON blockchain.
Along with the launch of native USDt on TON, work has begun on cross-chain solutions that will allow transfers of native USDt from various networks into TON blockchain and vice versa.
Thus, we are proposing to start migrating from jUSDT to the native USDt on TON.
— The perсentage fee in bridge has been removed from the transfer of jUSDT from TON back to Ethereum.
— Over the next few weeks, TON Foundation will add liquidity to the jUSDT-USDt pools on TON DEX(es) for a while to allow small holders of jUSDT be able to exchange them for native USDt on TON DEX(es).
— After two weeks, jUSDT transfers from Ethereum to TON on bridge.ton.org will be closed at 12:00 UTC on June 10. Transfers of jUSDT from TON to Ethereum will work as long as there are jUSDT holders. Other tokens will continue to be processed without changes.
This is a scheduled event, all your funds are safe.
Please consider transferring either your jUSDT back to Ethereum via bridge (for larger amounts) or exchanging your jUSDT to native USDt on DEXes (for smaller amounts).
USDt's launch on TON had huge success: there are already 316 million USDt in circulation!
Before launching the native USDt, the bridged jUSDT fulfilled its role in the TON blockchain.
Along with the launch of native USDt on TON, work has begun on cross-chain solutions that will allow transfers of native USDt from various networks into TON blockchain and vice versa.
Thus, we are proposing to start migrating from jUSDT to the native USDt on TON.
— The perсentage fee in bridge has been removed from the transfer of jUSDT from TON back to Ethereum.
— Over the next few weeks, TON Foundation will add liquidity to the jUSDT-USDt pools on TON DEX(es) for a while to allow small holders of jUSDT be able to exchange them for native USDt on TON DEX(es).
— After two weeks, jUSDT transfers from Ethereum to TON on bridge.ton.org will be closed at 12:00 UTC on June 10. Transfers of jUSDT from TON to Ethereum will work as long as there are jUSDT holders. Other tokens will continue to be processed without changes.
This is a scheduled event, all your funds are safe.
Please consider transferring either your jUSDT back to Ethereum via bridge (for larger amounts) or exchanging your jUSDT to native USDt on DEXes (for smaller amounts).
Toncoin circulating supply update
The circulating Toncoin supply has been updated on data aggregators (CoinGecko, CoinMarketCap, and Tontech.io) to align with industry practice as laid out by CoinGecko.
This new figure, effective from 29 May at 17:00 GST, follows an in-depth review of TON Blockchain data and among other things, specifically excludes the following locked or reserved tokens:
— Toncoin in the TON Believers Fund
— Toncoin held by Telegram
— Toncoin held by The Open Network Foundation
The circulating Toncoin supply has been updated on data aggregators (CoinGecko, CoinMarketCap, and Tontech.io) to align with industry practice as laid out by CoinGecko.
This new figure, effective from 29 May at 17:00 GST, follows an in-depth review of TON Blockchain data and among other things, specifically excludes the following locked or reserved tokens:
— Toncoin in the TON Believers Fund
— Toncoin held by Telegram
— Toncoin held by The Open Network Foundation
Onchain fees in USDt
Developers of TON wallets please read the following information:
https://t.me/tondev_news/114
https://t.me/tondev_news/115
Developers of TON wallets please read the following information:
https://t.me/tondev_news/114
https://t.me/tondev_news/115