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The Open Network (TON) is putting crypto in every pocket. By building the Web3 ecosystem within Telegram Messenger, TON is giving billions the opportunity to own their digital identity, data, and assets.
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Tegro.Finance — The newest DEX on TON

Say hello to the newest decentralized exchange (DEX) on TON from the team at Tegro.

On Jan. 1, 2023, after a few months in the testnet, Tegro.Finance launched on the mainnet and is now fully functional.

The following features are already available:

▪️ Token swaps — The platform has already listed most of TON’s popular tokens.
▪️ Transactions with oUSDT (Orbit Bridge USDT).
▪️ Trades via “Routes” — Routes are double trades, token swaps with lower transaction fees. Tegro is the first in the TON ecosystem to implement such a mechanism. You can read more here.
▪️ The platform’s utility token is TGR.
▪️ Liquidity pools (guide).

The DEX is already listed on DeFi aggregator DefiLlama, which displays the TON network’s TVL.

The fee for standard transactions is 0.4%.
The Open Network has been audited by SlowMist.

SlowMist, an in-demand auditing firm, has audited the security of the TON blockchain’s core.

The audit was a resounding success because no vulnerabilities were found. The report can be found on Toncoin’s page on CoinMarketCap in the “Audits” section.

In November 2022, auditing behemoth CertiK sifted through TON’s core code and smart contracts — and found zero critical issues.
LBank has listed Toncoin.

Yet another prominent crypto exchange has added Toncoin to its list of tradeable tokens. This time, it’s LBank, a Hong Kong-based centralized exchange.

LBank boasts $1.5 billion in daily trading volume, over 100,000 active daily users, and ranks in the top 15 crypto exchanges on CoinMarketCap. In addition to offering 800+ crypto trading pairs, it also supports 150+ fiat currencies and over 100 payment methods, including Visa, Mastercard, Google Pay, and Apple Pay.

Spot trading is available in the TON/USDT pair.
TON Community Weekly Digest

Here’s a roundup of the ecosystem’s most exciting news from the past seven days.

Network stats update:

▪️ The number of new accounts created on TON from Jan. 8 to 14 grew from 1,871,860 to 1,920,365 (+2.6%).

News:

▪️ The Telegram bot @wallet released an important update: a new interface, a QR code scanner, and t.me domains. Read more.

▪️ Crypto wallet TON Rocket also pushed an update. Read more.

▪️ Preparations for the global hackathon Hack-a-TONx DoraHacks are underway, with the kick-off date slated for Jan. 30. Read more.

▪️ Auditing firm SlowMist audited the security of the TON blockchain’s core. No vulnerabilities were found. Read more.

▪️ MyTonWallet became the first TON-based crypto wallet to offer staking via an official TON smart contract. Read more.

▪️ Decentralized exchange STON.fi became the second product from The Open Network’s ecosystem to be listed on CoinMarketCap.

▪️ The Token Bridge smart contract hacking competition closed. Participants were unable to find critical vulnerabilities in the code. Read more.

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!
Pump-and-dump schemes as a means to manipulate the market — A message on how to spot them and avoid them

The TON DeFi segment of the ecosystem has been on a steady rise lately. Unfortunately, it’s also attracted some bad actors who want to swindle people for financial gains. Today, we want to talk about one common trading tactic used to manipulate crypto markets whereby unsuspecting investors may get burned.

The tactic is pump-and-dump (P&D) schemes, a method that artificially and rapidly inflates the price of an asset and crashes shortly thereafter.

How it works:

A group of people coordinates a massive buy of a cryptocurrency, which subsequently sends the asset’s price through the roof, with all of them selling simultaneously at the highest possible price.

The result is a painful crash in the asset’s price, leaving investors with deep losses and questions surrounding the true intentions of the project.

How to play it safe

The first thing to keep in mind always is that any investment in cryptocurrencies carries an inherent risk.

The next thing we recommend everyone do is to DYOR, “do your own research.” It’s best to set some time aside to dig into a project’s specifics.

▪️ Learning who is behind the project, their resources, how public they are, how transparent they are, how much experience they have, etc., would be a good place to start.
▪️ Another area to pay attention to is the liquidity of the project’s coin on DEXs — the lower the liquidity, the easier it is to manipulate it.

Any project can fall victim to this kind of nefarious trading activity — even those with a stellar reputation and a trustworthy dev team.

The only thing that needs to happen is putting in a sum of money big enough to move the markets upward.

Naturally, projects with low funding are the most vulnerable to P&D attacks because even relatively small injections of capital are enough to disrupt these markets.

Be careful of P&D schemes.

DeFi on TON has been expanding at an unprecedented rate, but market participants need to remember the risks when considering investing in projects.

We also recommend reading our guide to digital safety to learn about how to be responsible when investing.

Disclaimer:

This post is not reporting on a specific incident. The TON Foundation and TON Community do not conduct analyses of crypto projects and do not make official public reports.

Our task is to bring the issue of P&Ds to your attention because they may appear in the development process of TON DeFi.
TON Grant Program: Fall 2022 review

In September, October, and November 2022, the TON grant committee approved a handful of projects to receive funding.

▪️ TONDaddy

TONDaddy is an analytics platform for ".ton" domain names. It is a project by TonX Studio, a developer of Web3 infrastructure on TON.

TONDaddy monitors TON DNS activity and helps users select alternative domain name options. For example, if you enter “user” in the search field, you’ll see open and closed auctions containing the word “user.”

The TON Foundation provided the grant for continued development of the (TON native) analytics service which will provide more useful insights to users in the future.

▪️ OpenMask

OpenMask is a browser-based TON crypto wallet, analogous to MetaMask. OpenMaks aims to set itself apart from the pack with its array of modern features.

It received a grant to expand wallet functionalities and build on the website documentation. Note that this (wallet) grant was specifically provided as this was a browser-based wallet project, which meets the community needs.

▪️ Rift (formerly dBuilder)

This is an instrument for Python developers providing a framework to create smart contracts on TON.

The service’s mission is to lower the entry barrier to TON development and make writing smart contracts more accessible.

▪️ Web3 Campus

A Web3 development education website.

Web3 Campus intends to create courses that educate various professions in Web3, including courses on the TON ecosystem. It aims to be the Web3 of Coursera, whereby freelancer Web3 content instructors can receive payments in crypto.

A grant was awarded to create more educational resources on the TON blockchain.

▪️ SmartSign

A service for creating electronic NFT signatures.

SmartSign develops unique use cases for TON NFT technology, such as minting blockchain signatures that can be used like regular signatures — i.e., to hand out autographs or sign documents.

SmartSign received a grant to advance its ideas and launch a full NFT signature service.

You can find everything you need to know about the TON grant program and submissions on TON’s website:
https://ton.org/en/grants
Now is the time and we are building! 💎

The Open Network (TON) is growing strong developer communities in countries across the globe as our Hackathon provides developers with the necessary resources and guidance to build something incredible.🔥

Super excited to announce our INVITE-ONLY, on-site events. During our Hackathon this February, we will invite 6~10 teams that are looking to #buidl on #TON in a city that could be near you!

Our goal is to empower builders and developers in local communities to create innovative applications, services and protocols with The Open Network.
For the event, builders and developers will get a chance to meet and ask questions to a member of The TON Foundation and local TON developer specialist(s). The Q&A session will ensure that builders and developers are well equipped with knowledge about TON tools, incubation opportunities and building on TON mainnet.

Join us on our mission to unite all blockchains and Web2 internet into one open network!

If you want to attend and are excited to #BuildOnTon, please submit an introduction and your BUIDL idea! 🤓💻

To be eligible to WIN exclusive access, please abide by the following criteria:

- Max. two people per team
- Max. 150~250 words per pitch
- Keep it concise and clear
- Focus on value for the TON community
- Submission period: Jan 18 (Wed) ~ Jan 25 (Wed)

We are super keen to have developers from all over the world join us on our mission to build the next-gen internet.

So, what are you waiting for?

💎 SUBMIT your idea!

The schedule of offline events during the TON global hackathon:

Feb. 11-12:
Taipei
Seoul
Bangkok
Prague

Feb. 18-19:
Dubai
Tel Aviv
Tokyo
Istanbul
Singapore

Feb. 25-26:
Hong Kong
Melbourne
Saint Petersburg
Hyderabad
London
Forwarded from The Daily TON
💀 A very favorable environment for scamming and spamming

⚫️ As soon as TON gained fame and became recognizable by a large group of Telegram users, scammers entered the ecosystem and started to profit at the newcomers’ expense. With tiny transaction fees, The Open Network became the hotbed for various fraudulent schemes aimed at stealing your crypto assets. It is the reverse side of blockchain’s advantages.

⚫️ You might have seen these spam transactions convincing you to enter the seed phrase on a bogus site. Akin to spam mail at off-chain services, users continue to suffer from constant transactions consisting of malicious links. Unfortunately, the developers of The Open Network cannot forbid such transactions due to the asynchronous nature of blockchain. The best method to protect yourself from spam transactions is to do your own research and under no circumstances enter your seed phrase, except when activating your non-custodial wallet.

⚫️ A bunch of popular wallet apps — e.g., Tonkeeper and Tonhub — started to hide small transfers of Toncoin. More likely, the number of such transactions will only grow, leading developers to build up a filtering system for incoming messages which will help separate the wheat from the chaff. Each day scammers come up with something new and unique: recently, users started to receive a spam jetton, i.e., a token on The Open Network, named “Account banned.” It is better to ignore these tokens and hide them if they disturb you.

⚫️ We wrote a detailed article a few week ago about how to avoid becoming easy prey for scammers. It will help you not fall into the hands of scammers.

@thedailyton
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The dns.ton.org auction site has been updated.

The decentralized domain name auction section on the ton.org website, TON DNS, has received an update.

The user experience has significantly improved thanks to the following:

▪️ An added search history.
▪️ Improved interface.

Anyone can get a “.ton” domain name on the TON blockchain and assign it to an address on the network: a crypto wallet, smart contract, or website.

We’ve written in detail about the technology running TON DNS here.
TON Community Weekly Digest

Here’s a roundup of the ecosystem’s most exciting news from the past seven days.

Network stats update:

▪️ The number of new accounts created on TON from Jan. 15 to 21 grew from 1,926,369 to 1,971,581 (+2.3%).

News:

▪️ @cryptobot is planning to launch a contest for TON users. Read more.

▪️ Crypto wallet Uniton released an update. Read more.

▪️ We published a review of all the most exciting events that happened in the TON ecosystem in 2022. Read more.

▪️ A list of projects receiving TON grants in the fall was published. Read more.

▪️ We invite developers to partake in the offline festivities and meetups of the upcoming worldwide hackathon by the TON Foundation and DoraHacks for TON builders. Read more.
 
▪️ The TON DNS section on the official TON website received an update. Read more.

▪️ A meetup in Lisbon for TON enthusiasts is scheduled for Jan. 24. All devs are welcome to swing by. Read more.

▪️ We wrote a post about a common market manipulation tactic called “pump-and-dump.” We recommend reading our post to identify early warning signs. Read more.

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!
Community initiative to optimize tokenomics.

The @tonblockchain channel has published a proposal to optimize tokenomics in the TON network.

We publish this proposal and encourage to join its discussion in the comments.

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, 195 wallets holding 1,081,426,228 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 many community members pushing for a permanent inactivation, we believe in preserving the very idea that keeps us as one community: decentralization. For this reason, we are suggesting this period to be 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 always opt out by activating their wallets anytime before the end of February 15, 2023. The full list of inactive mining wallets can be found here:
https://tontech.io/stats/early-miners.

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.”
Forwarded from Tonkeeper News
We have great news to share with all of you. A new feature has been added to TON’s largest noncustodial wallet, Tonkeeper!

Now you can buy and sell TON through the built-in Mercuryo widget — in just two clicks.
This option is available either by tapping the “Buy” button or in the new Tonkeeper browser design under “Exchanges”.

In light of this update, we are announcing a contest.

How to participate:

- Buy or sell TON via Mercuryo from Jan. 23 to Feb. 7 for at least 50$.
- Make a post with the tags #TON, #Tonkeeper, and #Mercuryo on any social media network.
- Send the link to your post and your TON wallet’s address to the contest support service to the Telegram account @tonrostislav.

10 participants with the largest exchange volume of TON via Mercuryo during the competition period will receive 10 unique “.ton” addresses, which will allow you to assign a beautiful and short domain to your TON wallet or your own Web3 site.

Tonkeeper and Mercuryo welcome everyone to the internet of the future!
The TON blockchain is now on CoinCodex.

Cryptocurrency data website CoinCodex has added a page for the TON blockchain to its site and listed the main TON-based tokens with the help of Tegro.

CoinCodex is a popular crypto data aggregator behind only CoinMarketCap and CoinGecko and has over 1.5 million monthly visitors.

Tegro didn’t stop at CoinCodex — it also got the TON blockchain and TON-based tokens listed on CoinCheckup and Coinpaprika.
The number of accounts on TON has surpassed 2 million!

The TON network can proudly say it now has 2 million accounts.

If you remember, the first million was reached in July 2022, so for the network to add another million in just six months is an impressive feat.

This uptick in acceleration can be attributed to the TON blockchain’s growing prowess, which offers TON DNS, TON Storage, and DeFi components, among others.

Although we’re excited to have reached this significant milestone, we know more good times lie ahead.
Toncoin options are live on cryptocurrency exchange BIT

Toncoin (TON) stands alongside Bitcoin (BTC) and Ethereum (ETH) as the third cryptocurrency available for options trading on Bit.com. This is a huge step forward for both the TON Ecosystem and wider cryptocurrency market. Also in the pipeline is for TON to be available on Paradigm, the institutional liquidity network for derivatives traders, making our token even more accessible to customers. This product launch has been made possible in collaboration with Darley Technologies and DWF Labs.

What is 'options trading'?

Options trading is a type of financial contract that gives owners the opportunity, but not the obligation, to buy or sell an asset at a prearranged price before a certain time. Options are a great way for crypto investors to manage their exposure and speculate on the future price of an asset with relatively low-risk.

What happens next?

In short, this sets the stage for TON to become one of the most actively traded digital tokens in the crypto options market. This is another use case for TON that significantly increases its accessibility to both institutional and retail traders. This new product offering, in combination with TON's innovative technology, positions TON for further success.
Help us make TON Community better!

The key to TON and TON Community’s success is you: the readers, supporters, and enthusiasts.

However, it’s incumbent upon us to connect with the community to learn more about your TON crypto experiences so we can learn how to improve them.

Therefore, we’ll be grateful if you take a few minutes to fill out a feedback form.

Thank you for your time and suggestions!

The survey: https://ton-org.typeform.com/to/eTQDqVfY
STON.fi is offering up to 20,000 Toncoin for each vulnerability found in a new bug bounty

User safety has always been a priority for TON, which is exactly why we’re incredibly excited to announce that STON.fi, one of TON’s premier DEXs, is transitioning to open-source development and launching a comprehensive $500,000 bug bounty program.

STON.fi is offering rewards of up to 20,000 TON to the developer community to help identify vulnerabilities in its smart contract, helping to ensure the overall security of TON Blockchain.

This is a major step forward for the entire ecosystem, as open-source development and bug bounties are key in promoting transparency and trust. Join us in making TON safer, more secure, and more reliable.

To find out more information, or see how you can get involved, check out this link!
TON Community Weekly Digest

Here’s a roundup of the ecosystem’s most exciting news over the past seven days.

Network stats update:

▪️ The number of new accounts created on TON from Jan. 22 to 28 grew from 1,976,182 to 2,016,236 (+2%).

News:

▪️ The @tonblockchain Telegram channel published a proposal to optimize Toncoin’s tokenomics. Read more.

▪️ TON Blockchain was listed on the cryptocurrency aggregator CoinCodex. Read more.

▪️ The 2 millionth account was registered on TON network. Read more.

▪️ Crypto exchange Bit.com started offering Toncoin options. Read more.

▪️ STON.fi announced it would launch a bug bounty program offering a grand prize of 20,000 Toncoin. Read more.

Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on notifications for this channel. You won’t want to miss a thing!
Join the Hack-a-TONx DoraHacks Onboarding Stream Today at 11:00 GMT!

TON’s global Hack-a-TON is kicking off today with a prize pool of $300,000. The event is hosted by TON Foundation and DoraHacks, a hacker platform uniting the hacking community with businesses and entrepreneurs.

Join today’s onboarding call at 11:00 GMT using this YouTube link.

Participants in the event will have the opportunity to develop TON-based products for the following Web3 components:

▪️ DeFi, SocialFi, and GameFi
▪️ Utility NFT
▪️ DID (Decentralized Identifiers)
▪️ Soulbound Token (SBT)
▪️ DAO Governance
▪️ Web 2.5 (The Ultimate Challenge)

The hackathon will involve various events:

▪️ Live in 14 cities for developers and builders all over the world. You can find more details here.

▪️ A series of livestreams where the best comments and questions will have the opportunity to win $50 ‘AWS coupons’ and one-of-a-kind NFTs.

Development tools and more information on the hackathon can be found here:
https://dorahacks.io/hackathon/hack-a-tonx/onboarding-&-workshops

Additionally, market maker DWF Labs and other TON partners have provided $50,000 for the prize pool to be distributed among the hackathon’s three top teams – $25 000 for 1st place, $15 000 for 2nd place, and $10 000 for 3rd place!

If you’re a developer, you still have time to join and participate in TON’s global hackathon event!
Megaton Finance has launched its highly anticipated DEX on TON.

To celebrate the long-awaited launch, Megaton is putting on two promo events for the TON ecosystem.

TON Transaction Fee Support Event

Every week from Jan. 30 to Feb. 28, users will have the chance to win 2 Toncoin (max. 8 Toncoin per participant).

To be eligible for a prize, you must:

1. Confirm the address of your TON crypto wallet at the bottom of the event’s web page.
2. Send $100 or more to the TON network via Orbit Bridge. Accepted cryptocurrencies are USDT, USDC, ETH, KLAY, MATIC, KSP, ORC, and MESH.

The first 2,500 participants to complete the steps mentioned above every week will take home 2 Toncoin.

The event’s total prize pool is 20,000 Toncoin.

Megaton Finance Liquidity Provider Event

You can become a liquidity provider for one of the liquidity pools on Megaton Finance’s DEX to have a chance at winning 50,000 MEGA, the platform’s native cryptocurrency.

To participate, you must:

1. Deposit at least $1’s worth into one of the liquidity pools (you can find the full list here).
2. Connect your TON wallet to Megaton Finance and await the end of the contest.

We’re excited to welcome Megaton Finance to the expanding family of DEXs in the TON ecosystem!
The GAGARIN launchpad is accepting applications to incubate TON-based projects.

GAGARIN, a launchpad company with extensive experience in launching crypto projects on BNB Smart Chain, is bringing its knowledge to the TON ecosystem to help support teams creating products on The Open Network.

The platform offers an array of incubation tools and services to crypto startup projects.

You can submit an application for incubation on Gagarin’s official website:
https://ton.gagarin.world/