TON Community proposes burning 50% of network fees
The TON Community has proposed implementing a deflationary mechanic to burn 50% of all transaction fees, including transaction and storage fees, decreasing the Toncoin circulating supply.
This initiative is an essential step for the future development of the ecosystem, which unites the interests of users and validators.
TON validators receive staking rewards from two sources – transaction fees paid by users and new coins issued for each processed block. With further growth of the network adoption, fewer coins will enter circulation, and validators will still keep 50% of transaction fees for themselves. The deflationary mechanism will only affect the transaction and storage fees while the amount of newly issued coins remains unchanged.
The proposed burn ratio is 50% of all transaction fees paid by users.
We estimate the immediate burn amount will be around 350-400 TON daily, 50% of daily fees of 700-800 TON. As the TON ecosystem grows and the number of daily transactions increases, the burned amount will grow, eventually leading to a visible decrease in the total supply.
The TON Community has proposed implementing a deflationary mechanic to burn 50% of all transaction fees, including transaction and storage fees, decreasing the Toncoin circulating supply.
This initiative is an essential step for the future development of the ecosystem, which unites the interests of users and validators.
TON validators receive staking rewards from two sources – transaction fees paid by users and new coins issued for each processed block. With further growth of the network adoption, fewer coins will enter circulation, and validators will still keep 50% of transaction fees for themselves. The deflationary mechanism will only affect the transaction and storage fees while the amount of newly issued coins remains unchanged.
The proposed burn ratio is 50% of all transaction fees paid by users.
We estimate the immediate burn amount will be around 350-400 TON daily, 50% of daily fees of 700-800 TON. As the TON ecosystem grows and the number of daily transactions increases, the burned amount will grow, eventually leading to a visible decrease in the total supply.
Announcing a new TVM Challenge contest for smart contract developers offering a prize pool of 30,000 Toncoin!
We invite developers to join the new TVM Challenge competition to demonstrate their skills and explore new options for using opcodes, which will be presented in the upcoming TVM update.
The projects will be evaluated according to several criteria: relevance, efficiency, uniqueness of the idea, and technical complexity. Read more in the TON blog here.
The competition will last three weeks from June 2 to June 25, 2023.
Applications will be accepted from June 18 at @toncontests_bot. You can find all the necessary tools in this post or on the contest page in “TON Blog.”
Good luck to all participants!
We invite developers to join the new TVM Challenge competition to demonstrate their skills and explore new options for using opcodes, which will be presented in the upcoming TVM update.
The projects will be evaluated according to several criteria: relevance, efficiency, uniqueness of the idea, and technical complexity. Read more in the TON blog here.
The competition will last three weeks from June 2 to June 25, 2023.
Applications will be accepted from June 18 at @toncontests_bot. You can find all the necessary tools in this post or on the contest page in “TON Blog.”
Good luck to all participants!
Attention TON holders
TON Community has proposed implementing a deflationary mechanism to burn 50% of all network fees, including transaction and storage fees, in order to decrease the circulating supply.
Cast your vote on the proposal and make your voice heard. The community vote is open to everyone with a TON balance in their wallet. Voting starts today, 5 June, and ends on 13 June. Subsequently, the TON validators' vote will be held on 15 June. For the proposal to pass, at least 70% of all validators must vote in favor of the deflationary mechanism.
Cast your vote ⏬
https://shorturl.at/iNQX7
To learn more about the proposed deflationary mechanism, check out our blog 👉https://blog.ton.org/ton-community-proposal-to-implement-toncoin-real-time-burn
TON Community has proposed implementing a deflationary mechanism to burn 50% of all network fees, including transaction and storage fees, in order to decrease the circulating supply.
Cast your vote on the proposal and make your voice heard. The community vote is open to everyone with a TON balance in their wallet. Voting starts today, 5 June, and ends on 13 June. Subsequently, the TON validators' vote will be held on 15 June. For the proposal to pass, at least 70% of all validators must vote in favor of the deflationary mechanism.
Cast your vote ⏬
https://shorturl.at/iNQX7
To learn more about the proposed deflationary mechanism, check out our blog 👉https://blog.ton.org/ton-community-proposal-to-implement-toncoin-real-time-burn
TON Community Weekly Digest
Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered TON accounts has increased from 2,699,705 to 2,729,362 (+1%) between May 29 and June 4, 2023.
Ecosystem News:
▪️ TON Community proposed to introduce a mechanism to burn 50% of network fees. The community is voting on this initiative right now and we encourage all of you to get involved. Cast a vote.
▪️ TON Foundation released the most significant TON Virtual Machine (TVM) update to date. This makes TVM one of the most versatile virtual machines available and allows developers to create even more diverse smart contracts, services, and products on TON. Read more.
▪️ A new TVM Challenge with a 30,000 Toncoin prize pool has been launched for smart contract developers. Read more.
▪️ TON Foundation launched a new $720,000 Liquidity Mining Rewards Campaign. Read more.
▪️ Trust Wallet, a leading non-custodial crypto wallet with +60M downloads, has introduced support for TON and Toncoin on Android and iOS devices.
▪️ bemo has partnered with DWF Labs to launch the first liquid staking protocol in the history of TON Ecosystem. Read more.
Subscribe and be the first to receive updates from TON Ecosystem.
Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered TON accounts has increased from 2,699,705 to 2,729,362 (+1%) between May 29 and June 4, 2023.
Ecosystem News:
▪️ TON Community proposed to introduce a mechanism to burn 50% of network fees. The community is voting on this initiative right now and we encourage all of you to get involved. Cast a vote.
▪️ TON Foundation released the most significant TON Virtual Machine (TVM) update to date. This makes TVM one of the most versatile virtual machines available and allows developers to create even more diverse smart contracts, services, and products on TON. Read more.
▪️ A new TVM Challenge with a 30,000 Toncoin prize pool has been launched for smart contract developers. Read more.
▪️ TON Foundation launched a new $720,000 Liquidity Mining Rewards Campaign. Read more.
▪️ Trust Wallet, a leading non-custodial crypto wallet with +60M downloads, has introduced support for TON and Toncoin on Android and iOS devices.
▪️ bemo has partnered with DWF Labs to launch the first liquid staking protocol in the history of TON Ecosystem. Read more.
Subscribe and be the first to receive updates from TON Ecosystem.
TON Foundation has approved the Round 2 grants for Q2 2023
These projects have been carefully selected for the innovative solutions they offer the community, and we strongly believe they deserve our support.
1️⃣ Wagmi11: A decentralized prediction marketplace for crypto, sports, and more! Join the community and make accurate predictions.
2️⃣ A6g.events: A ticketing protocol for TON. Securely purchase, manage, and verify the authenticity of tickets. Say goodbye to fraud!
3️⃣ Tact Foundation: Tooling and documentation for Tact language. Build on TON with ease using examples, standards, and an online IDE.
4️⃣ Questbook: Better grants management with Telegram and TON integration. Stay informed with notifications, receive direct payouts, and enjoy Tonkey multi-signature wallet functionality.
5️⃣ Nujan IDE: Effortlessly program TON smart contracts with this online IDE. No setup required; simply write, test, and deploy with ease. Fast, user-friendly, and accessible.
Join the community, submit your proposal, and support innovative ideas! Let's shape the future of TON together.
Find out more on TON Blog: https://blog.ton.org/ton-grants-2023-q2-r2
These projects have been carefully selected for the innovative solutions they offer the community, and we strongly believe they deserve our support.
1️⃣ Wagmi11: A decentralized prediction marketplace for crypto, sports, and more! Join the community and make accurate predictions.
2️⃣ A6g.events: A ticketing protocol for TON. Securely purchase, manage, and verify the authenticity of tickets. Say goodbye to fraud!
3️⃣ Tact Foundation: Tooling and documentation for Tact language. Build on TON with ease using examples, standards, and an online IDE.
4️⃣ Questbook: Better grants management with Telegram and TON integration. Stay informed with notifications, receive direct payouts, and enjoy Tonkey multi-signature wallet functionality.
5️⃣ Nujan IDE: Effortlessly program TON smart contracts with this online IDE. No setup required; simply write, test, and deploy with ease. Fast, user-friendly, and accessible.
Join the community, submit your proposal, and support innovative ideas! Let's shape the future of TON together.
Find out more on TON Blog: https://blog.ton.org/ton-grants-2023-q2-r2
Forwarded from TON Play Insider
Join us for an offline gamedev meetup: "Telegram Games: What's in It for Game Developers?"
We are excited to announce the TON Play meetup, where we'll discuss the potential of Telegram for game developers and explore whether it can truly become the WeChat 2.0 of gaming.
📅 June 9th, 2023
⏰ 4:00 PM
📍 Şişli, Istanbul, Turkey (we'll send the exact address later)
Please note that registration is required, as the number of participants is limited. Three days before the event, you'll receive an email with all the details. See you in Istanbul!
Register here 👈
We are excited to announce the TON Play meetup, where we'll discuss the potential of Telegram for game developers and explore whether it can truly become the WeChat 2.0 of gaming.
📅 June 9th, 2023
⏰ 4:00 PM
📍 Şişli, Istanbul, Turkey (we'll send the exact address later)
Please note that registration is required, as the number of participants is limited. Three days before the event, you'll receive an email with all the details. See you in Istanbul!
Register here 👈
Earn up to a 174% annual yield by farming Toncoin
The popular TON DEXs, DeDust, STON.fi and Megaton Finance are currently offering special liquidity supply conditions for several select trading pairs.
DeDust:
TON/jUSDT: 164.26% APR
TON/jWBTC: 84.18% APR
TON/jUSDC: 181.9% APR
STON.fi:
TON/jUSDT: 111.46% APY
TON/jWBTC: 139.31% APY
TON/jUSDC: 128.65% APY
Megaton Finance:
WTON/jWBTC: 146% APR
jUSDT/WTON: 92% APR
jUSDC/WTON: 131% APR
These exclusive rates are possible thanks to the newly-launched Liquidity Mining Rewards Campaign. This unique $720,000 program is specifically designed to boost TON Ecosystem's TVL.
Every TON holder now has the opportunity to become a liquidity provider and contribute to the growth and development of TON DeFi.
The popular TON DEXs, DeDust, STON.fi and Megaton Finance are currently offering special liquidity supply conditions for several select trading pairs.
DeDust:
TON/jUSDT: 164.26% APR
TON/jWBTC: 84.18% APR
TON/jUSDC: 181.9% APR
STON.fi:
TON/jUSDT: 111.46% APY
TON/jWBTC: 139.31% APY
TON/jUSDC: 128.65% APY
Megaton Finance:
WTON/jWBTC: 146% APR
jUSDT/WTON: 92% APR
jUSDC/WTON: 131% APR
These exclusive rates are possible thanks to the newly-launched Liquidity Mining Rewards Campaign. This unique $720,000 program is specifically designed to boost TON Ecosystem's TVL.
Every TON holder now has the opportunity to become a liquidity provider and contribute to the growth and development of TON DeFi.
STON.fi introduces their new Rust SDK and FunC library to kickstart ecosystem development
STON.fi, one of the biggest DEXs in TON Ecosystem, has released a Rust SDK. This software development kit enables developers to seamlessly integrate STON.fi features into their own products using the popular Rust programming language. Additionally, STON.fi has shared their FunC snippet library, which aims to simplify TON smart contract development. The introduction of this Rust SDK and FunC library is poised to make TON development much easier and accelerate the launch of many innovative products within the ecosystem.
STON.fi, one of the biggest DEXs in TON Ecosystem, has released a Rust SDK. This software development kit enables developers to seamlessly integrate STON.fi features into their own products using the popular Rust programming language. Additionally, STON.fi has shared their FunC snippet library, which aims to simplify TON smart contract development. The introduction of this Rust SDK and FunC library is poised to make TON development much easier and accelerate the launch of many innovative products within the ecosystem.
Forwarded from TON Contests
We have launched TWA Challenge 😎
The goal is simple — create exceptional Telegram Web Applications based on TON in one of five exciting tracks: Games, Entertainment, Finance, NFT, or Social. To help you succeed, we have curated a repository filled with essential tools, component library, documentation, and tutorials to assist you on your development journey:
💎 TWA repository
💎 Web Apps for Bots
💎 Figma
Submit your project name, prototype, GitHub repo, and optional presentation to @toncontests_bot until 27 of July. Remember, we value open-source contributions, so make your repository public after the end of the contest. The judges will evaluate your project based on the uniqueness of your TWA idea, your prototype's functionality, the presence of an open-source code repository, and the optional presentation.
The top 6 TWA projects across all tracks will share a prize pool of $60,000 in TON cryptocurrency. Whether you're a solo developer or a team, multiple TWA projects within the same track have the chance to win! More details are on the website.
P.S. Your feedback on the current TWA documentation is highly appreciated, and the best contributors will be recognized at the end of the contest.
Good luck with your TWA creations🫰
The goal is simple — create exceptional Telegram Web Applications based on TON in one of five exciting tracks: Games, Entertainment, Finance, NFT, or Social. To help you succeed, we have curated a repository filled with essential tools, component library, documentation, and tutorials to assist you on your development journey:
💎 TWA repository
💎 Web Apps for Bots
💎 Figma
Submit your project name, prototype, GitHub repo, and optional presentation to @toncontests_bot until 27 of July. Remember, we value open-source contributions, so make your repository public after the end of the contest. The judges will evaluate your project based on the uniqueness of your TWA idea, your prototype's functionality, the presence of an open-source code repository, and the optional presentation.
The top 6 TWA projects across all tracks will share a prize pool of $60,000 in TON cryptocurrency. Whether you're a solo developer or a team, multiple TWA projects within the same track have the chance to win! More details are on the website.
P.S. Your feedback on the current TWA documentation is highly appreciated, and the best contributors will be recognized at the end of the contest.
Good luck with your TWA creations
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TON Community Weekly Digest
Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered TON accounts has increased from 2,732,649 to 2,764,421 (+1.2%) between June 5 and June 11, 2023.
Ecosystem News:
▪️ The second round of TON grants for Q2, 2023 has been approved. The list of new supported projects is available here.
▪️ DeDust, STON.fi, and Megaton Finance, popular TON-based DEXs, are currently offering high interest rates to liquidity providers for certain trading pairs. This promotion has been made possible thanks to the Liquidity Mining Rewards Campaign. Read more.
▪️ The STON.fi DEX has introduced a new Rust SDK and FunC library for developers. Read more.
▪️ A new TWA Challenge for developers has been launched with a $60,000 prize pool. Read more.
▪️An offline meetup called "Telegram Games: What's in It for Game Developers?" was held in Istanbul, catering specifically to game developers. Read more.
Subscribe and be the first to receive updates from TON Ecosystem.
Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered TON accounts has increased from 2,732,649 to 2,764,421 (+1.2%) between June 5 and June 11, 2023.
Ecosystem News:
▪️ The second round of TON grants for Q2, 2023 has been approved. The list of new supported projects is available here.
▪️ DeDust, STON.fi, and Megaton Finance, popular TON-based DEXs, are currently offering high interest rates to liquidity providers for certain trading pairs. This promotion has been made possible thanks to the Liquidity Mining Rewards Campaign. Read more.
▪️ The STON.fi DEX has introduced a new Rust SDK and FunC library for developers. Read more.
▪️ A new TWA Challenge for developers has been launched with a $60,000 prize pool. Read more.
▪️An offline meetup called "Telegram Games: What's in It for Game Developers?" was held in Istanbul, catering specifically to game developers. Read more.
Subscribe and be the first to receive updates from TON Ecosystem.
GM.co, the world's largest Web3-based marketplace for physical goods, has announced a collaboration with TON Blockchain
GM.co, an online marketplace that allows you to buy and sell goods for cryptocurrencies, has launched a pioneering integration with The Open Network (TON). This collaboration will enable platform users to purchase real-world items with Toncoin.
As of today, Toncoin payment options are already available on three other platforms:
1. CoinCoffee: A premium Web3 coffee company.
2. DrippyMilano: A fashion streetwear brand.
3. COURBET: A sustainable jewellery designer.
The list of stores supporting Toncoin is constantly expanding and, although these platforms are not yet widely accepted, we can expect more and more to emerge as the popularity of Web3 increases.
GM.co and TON Blockchain are at the forefront of an industry that intersects the real and digital realms. This convergence represents one of the core potential use cases for crypto and this collaboration marks the beginning of a series of breakthroughs on TON's path to mass adoption.
GM.co, an online marketplace that allows you to buy and sell goods for cryptocurrencies, has launched a pioneering integration with The Open Network (TON). This collaboration will enable platform users to purchase real-world items with Toncoin.
As of today, Toncoin payment options are already available on three other platforms:
1. CoinCoffee: A premium Web3 coffee company.
2. DrippyMilano: A fashion streetwear brand.
3. COURBET: A sustainable jewellery designer.
The list of stores supporting Toncoin is constantly expanding and, although these platforms are not yet widely accepted, we can expect more and more to emerge as the popularity of Web3 increases.
GM.co and TON Blockchain are at the forefront of an industry that intersects the real and digital realms. This convergence represents one of the core potential use cases for crypto and this collaboration marks the beginning of a series of breakthroughs on TON's path to mass adoption.
TONcoin.Fund x TON Accelerator Cohort Showcase, DWF tie up
The recently launched TON Accelerator program is hosting the first cohort showcase for TONcoin.Fund and its accelerator partners.
The projects have been sourced by the TON Foundation through three methods during the first half of the year:
1. A global hackathon with DoraHacks, which resulted in over 200 submissions. The event culminated in 10 winners who received a total of $300K for further development.
2. TON builder meetups, which included 15 hacker sessions with over 800 attendees in various cities around the world.
3. TON Accelerator submissions, which received over 100 entries in its first week of launch.
The showcase will feature eight early-stage projects that are building across different verticals, ranging from financial applications such as decentralized perpetual contracts to technical domains such as TON storage. Once the private session is completed, a publicly available version will be made for the community to view.
Additionally, DWF Labs, the global digital asset market maker and multi-stage Web3 investment firm, has joined as the newest member of the TON Accelerator partners.
Andrei Grachev, Managing Partner of DWF Lab, stated: “DWF Labs and their willingness to support DeFi primitives through liquidity provisioning will be instrumental in establishing a strong DeFi foundation on TON.”
He added: “DWF Labs has been a consistent supporter of projects on TON, as evident from their past investments.
“We are committed to providing comprehensive support to selected projects. We also actively assist projects with their tokenomics, market making, and liquidity provision. Our ongoing investments demonstrate our strong dedication to projects on TON, and we are excited to collaborate further with the TON Foundation and the vibrant community.”
The recently launched TON Accelerator program is hosting the first cohort showcase for TONcoin.Fund and its accelerator partners.
The projects have been sourced by the TON Foundation through three methods during the first half of the year:
1. A global hackathon with DoraHacks, which resulted in over 200 submissions. The event culminated in 10 winners who received a total of $300K for further development.
2. TON builder meetups, which included 15 hacker sessions with over 800 attendees in various cities around the world.
3. TON Accelerator submissions, which received over 100 entries in its first week of launch.
The showcase will feature eight early-stage projects that are building across different verticals, ranging from financial applications such as decentralized perpetual contracts to technical domains such as TON storage. Once the private session is completed, a publicly available version will be made for the community to view.
Additionally, DWF Labs, the global digital asset market maker and multi-stage Web3 investment firm, has joined as the newest member of the TON Accelerator partners.
Andrei Grachev, Managing Partner of DWF Lab, stated: “DWF Labs and their willingness to support DeFi primitives through liquidity provisioning will be instrumental in establishing a strong DeFi foundation on TON.”
He added: “DWF Labs has been a consistent supporter of projects on TON, as evident from their past investments.
“We are committed to providing comprehensive support to selected projects. We also actively assist projects with their tokenomics, market making, and liquidity provision. Our ongoing investments demonstrate our strong dedication to projects on TON, and we are excited to collaborate further with the TON Foundation and the vibrant community.”
TON Community votes to halve network fees
The community has voted in favor of burning 50% of all network fees, with an overwhelming majority supporting the proposal. Details about the vote can be found here. The community votes were distributed as follows:
98.22% voted for the introduction of the mechanism.
1.07% voted against.
<1% abstained.
The next step is the network validator vote, which will take place on June 15. For the new mechanism to be approved, it requires support from at least 75% of validators. Stay tuned for more updates on this significant ecosystem-wide vote.
The community has voted in favor of burning 50% of all network fees, with an overwhelming majority supporting the proposal. Details about the vote can be found here. The community votes were distributed as follows:
98.22% voted for the introduction of the mechanism.
1.07% voted against.
<1% abstained.
The next step is the network validator vote, which will take place on June 15. For the new mechanism to be approved, it requires support from at least 75% of validators. Stay tuned for more updates on this significant ecosystem-wide vote.
Tonkeeper 3.2
Tonkeeper wallet has released a major update, which includes a variety of new features, including:
▪️ Token exchanges
The STON.fi DEX has been integrated into Tonkeeper's interface, allowing users to exchange their coins in seconds without leaving a wallet.
▪️ Token confirmation
Users can now easily reject incoming transactions with a single click to protect their wallets from junk coins.
▪️ Support for TON sites
The integrated Tonkeeper browser now supports decentralized .ton sites. Users can easily visit TON pages directly in their wallet without the requirement for additional configurations.
Tonkeeper wallet has released a major update, which includes a variety of new features, including:
▪️ Token exchanges
The STON.fi DEX has been integrated into Tonkeeper's interface, allowing users to exchange their coins in seconds without leaving a wallet.
▪️ Token confirmation
Users can now easily reject incoming transactions with a single click to protect their wallets from junk coins.
▪️ Support for TON sites
The integrated Tonkeeper browser now supports decentralized .ton sites. Users can easily visit TON pages directly in their wallet without the requirement for additional configurations.
TON TVL has increased by over 2,200%
According to DefiLlama, the Total Value Locked (TVL) in TON increased by over 2,200% in the last four months to the current $18М.
We can attribute this to multiple factors, including the recently launched DeFi Liquidity Incentive Program, the continuous support for TON-based projects, and the ever-growing public interest in innovative TON dApps.
DeFi remains the dominant area of the ecosystem thanks to TON's scalable and shardable architecture, designed to process heavy network demand with near-instant and affordable transactions. The leading dApp with the highest TVL remains Megaton Finance, currently standing at $9.8M.
Over the last 30 days, the TVL on DeDust increased by over 371% to $4.8M while STON.fi achieved a growth of over 480% to $3.4M TVL.
According to DefiLlama, the Total Value Locked (TVL) in TON increased by over 2,200% in the last four months to the current $18М.
We can attribute this to multiple factors, including the recently launched DeFi Liquidity Incentive Program, the continuous support for TON-based projects, and the ever-growing public interest in innovative TON dApps.
DeFi remains the dominant area of the ecosystem thanks to TON's scalable and shardable architecture, designed to process heavy network demand with near-instant and affordable transactions. The leading dApp with the highest TVL remains Megaton Finance, currently standing at $9.8M.
Over the last 30 days, the TVL on DeDust increased by over 371% to $4.8M while STON.fi achieved a growth of over 480% to $3.4M TVL.
Forwarded from The Open Network
💎 Special bug bounty event
Following previous efforts to improve TON tokenomics, which include tokenomics optimization and deflation mechanisms, TON Foundation explores further options of direct stimulation of TON supply stabilization and predictability.
For this purpose we have developed smart contract Locker which incentivize long-term assets locking with subsequent smooth unlocking.
TF announces special bug-bounty event to discover vulnerabilities in Locker contract.
Prize fund: Up to 50'000 TON
Deadline: 23:59 on June 30th (UTC)
Who can participate: Everyone
How to submit: Open issue on github
Following previous efforts to improve TON tokenomics, which include tokenomics optimization and deflation mechanisms, TON Foundation explores further options of direct stimulation of TON supply stabilization and predictability.
For this purpose we have developed smart contract Locker which incentivize long-term assets locking with subsequent smooth unlocking.
TF announces special bug-bounty event to discover vulnerabilities in Locker contract.
Prize fund: Up to 50'000 TON
Deadline: 23:59 on June 30th (UTC)
Who can participate: Everyone
How to submit: Open issue on github
TON Community Weekly Digest
Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered TON accounts has increased from 2,767,622 to 2,807,360 (+1.4%) between June 12 and June 18, 2023.
Ecosystem News:
▪️ GM.co, the world's largest crypto e-commerce marketplace, is collaborating with TON Blockchain. Users can now buy various goods on the platform with Toncoin (TON). Read more.
▪️ The community vote on the mechanism for burning 50% of all network fees has concluded. Over 98% of users voted in favor. Read more.
▪️ Tonkeeper wallet has released a huge update with many new features. The integration of the STON.fi DEX into the Tonkeeper interface is one of the most important ecosystem advancements to date and makes decentralized finance (DeFi) more accessible to users. Read more.
▪️ TON Total Value Locked (TVL) has grown by more than +2200% and reached $18M over the past four months. Read more.
▪️TON Foundation has launched a 50,000 TON Bug Bounty to find vulnerabilities in the new Locker smart contract. Read more.
▪️ Bitfinex, a leading crypto exchange, published a podcast interview with Andrew Rogozov, a Founding Member of TON Foundation and Founder of First Stage Labs. Watch the interview.
Subscribe and be the first to receive updates from TON Ecosystem.
Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered TON accounts has increased from 2,767,622 to 2,807,360 (+1.4%) between June 12 and June 18, 2023.
Ecosystem News:
▪️ GM.co, the world's largest crypto e-commerce marketplace, is collaborating with TON Blockchain. Users can now buy various goods on the platform with Toncoin (TON). Read more.
▪️ The community vote on the mechanism for burning 50% of all network fees has concluded. Over 98% of users voted in favor. Read more.
▪️ Tonkeeper wallet has released a huge update with many new features. The integration of the STON.fi DEX into the Tonkeeper interface is one of the most important ecosystem advancements to date and makes decentralized finance (DeFi) more accessible to users. Read more.
▪️ TON Total Value Locked (TVL) has grown by more than +2200% and reached $18M over the past four months. Read more.
▪️TON Foundation has launched a 50,000 TON Bug Bounty to find vulnerabilities in the new Locker smart contract. Read more.
▪️ Bitfinex, a leading crypto exchange, published a podcast interview with Andrew Rogozov, a Founding Member of TON Foundation and Founder of First Stage Labs. Watch the interview.
Subscribe and be the first to receive updates from TON Ecosystem.
TON has officially implemented a new deflationary mechanism that will burn 50% of all transaction fees
The TON validators have voted to implement a new real-time burn mechanism that will halve TON transaction fees. This proposal was initially put forward by TON Community on June 1, 2023, and received overwhelming support from TON holders with 98.22% of votes cast in favor.
The validators’ vote was held afterwards, with 76.3% of votes in favor of the proposal. The mechanism went live following the validator vote on June 17 and the burn will continue indefinitely.
We thank you all for voting and for making your voices heard.
You have been part of a historic moment in The Open Network.
The TON validators have voted to implement a new real-time burn mechanism that will halve TON transaction fees. This proposal was initially put forward by TON Community on June 1, 2023, and received overwhelming support from TON holders with 98.22% of votes cast in favor.
The validators’ vote was held afterwards, with 76.3% of votes in favor of the proposal. The mechanism went live following the validator vote on June 17 and the burn will continue indefinitely.
We thank you all for voting and for making your voices heard.
You have been part of a historic moment in The Open Network.
TON Closes Entries on Wiki Challenge
The TON Wiki Challenge concluded yesterday, with participants actively contributing to the creation and enhancement of TON Wikipedia pages in various languages.
We received an overwhelming response to the contest and would like to thank all the participants who demonstrated exceptional knowledge and understanding in their submissions!
Deciding on the winners wasn't easy, especially given the exceptional quality of the majority of submissions. However, after a thorough examination of the texts, we have identified the deserving winners, who have been awarded prizes ranging from 60 to 250 Toncoin.
You can find out the results of the contest on TON Blog by following this link.
Once again, thanks to all the TON Wiki Challenge contributors! You have made an invaluable contribution to the development and growing popularity of TON Blockchain.
The TON Wiki Challenge concluded yesterday, with participants actively contributing to the creation and enhancement of TON Wikipedia pages in various languages.
We received an overwhelming response to the contest and would like to thank all the participants who demonstrated exceptional knowledge and understanding in their submissions!
Deciding on the winners wasn't easy, especially given the exceptional quality of the majority of submissions. However, after a thorough examination of the texts, we have identified the deserving winners, who have been awarded prizes ranging from 60 to 250 Toncoin.
You can find out the results of the contest on TON Blog by following this link.
Once again, thanks to all the TON Wiki Challenge contributors! You have made an invaluable contribution to the development and growing popularity of TON Blockchain.
DeDust has implemented a TON Bridge, enabling users to seamlessly transfer tokens between Ethereum and TON Blockchain
DeDust users can now directly transfer tokens between TON Blockchain and the Ethereum blockchain using the official bridge in the backend. Additionally, DeDust's built-in bridge includes support for the Wallet Connect protocol, enabling the use of various crypto wallets such as Uniswap Wallet, SafePal, Rainbow, and others.
Previously, in order to access TON Ecosystem from Ethereum, users had to rely on Metamask. However, thanks to these new developments, accessing TON has become easier than ever before. DeDust has also initiated a user reward program, distributing 120,000 TON tokens to liquidity providers. It is important to note that when utilizing the bridge for transfers, network fees on both blockchains still apply. Likewise, some users may experience stability issues with Trust Wallet when connecting via the Wallet Connect protocol. In this case, we recommend using the built-in Trust Wallet browser or an alternative wallet altogether.
DeDust users can now directly transfer tokens between TON Blockchain and the Ethereum blockchain using the official bridge in the backend. Additionally, DeDust's built-in bridge includes support for the Wallet Connect protocol, enabling the use of various crypto wallets such as Uniswap Wallet, SafePal, Rainbow, and others.
Previously, in order to access TON Ecosystem from Ethereum, users had to rely on Metamask. However, thanks to these new developments, accessing TON has become easier than ever before. DeDust has also initiated a user reward program, distributing 120,000 TON tokens to liquidity providers. It is important to note that when utilizing the bridge for transfers, network fees on both blockchains still apply. Likewise, some users may experience stability issues with Trust Wallet when connecting via the Wallet Connect protocol. In this case, we recommend using the built-in Trust Wallet browser or an alternative wallet altogether.
Two weeks to go in first liquidity mining rewards campaign on The Open Network (TON)
Join TON's first liquidity mining rewards campaign before it ends in just two weeks! Don't miss out on this opportunity to get involved with leading decentralized exchanges (DEX’s) Megaton Finance, STON.fi and DeDust.
In addition, TON Foundation and Port3 are hosting an exciting airdrop campaign. Sign up now for the chance to win Toncoin and Telegram premium accounts! Visit: https://soquest.xyz/space/TONnetwork/campaign/ToFeOVhOlC.
For more DEX activities and updates, visit: https://blog.ton.org/embrace-de-fi-on-ton-with-tasks-challenges-and-rewards.
Join TON's first liquidity mining rewards campaign before it ends in just two weeks! Don't miss out on this opportunity to get involved with leading decentralized exchanges (DEX’s) Megaton Finance, STON.fi and DeDust.
In addition, TON Foundation and Port3 are hosting an exciting airdrop campaign. Sign up now for the chance to win Toncoin and Telegram premium accounts! Visit: https://soquest.xyz/space/TONnetwork/campaign/ToFeOVhOlC.
For more DEX activities and updates, visit: https://blog.ton.org/embrace-de-fi-on-ton-with-tasks-challenges-and-rewards.