🎙Why has Fanzee dropped in price

Some of our subscribers are speculating about the recent steep price correction of FNZ. Here is how we at DeepTonEng see the situation:

When news broke out about its listing on MAX Global, the value of the token has doubled. That was unsurprising, since this is the first listing of this TON token on a centralized exchange. The initial price on the MEX was $0.01.

Yet its price on our ecosystem's DEX was 0.02 TON. Obviously, people started to arbitrage, buying tokens on the exchange and selling them on the DEX. Hodlers got worried and started dumping, leading to a temporary collapse in the token's price.

That's all there is to it.

Yours truly, @DeepTonEng

⚙Promising startups on TON

DeepTonEng would like to draw your attention to two little-known projects: the crowdfunding platform Startup Market and Tonstake. They have been expanding their activity for about a year. It’s nice to see projects that prioritize development over advertising campaigns, isn’t it?

✉️ Startup Market is a DeFi launchpad about to take off, most likely by mid-February. Its devs confirmed that everything is ready, and several applicants have already applied for fundraising, such as:

➡️Chess Zombies - an F2P cross-game on TON. It is a bit like chess, where each figurine comes with specific abilities, game items, etc.
➡️ Historical Collection - an array of NFTs featuring important leaders from the past.
➡️ TON Merch - an online store selling souvenirs, T-shirts, mugs, bags and other merchandise with TON symbols.

Overall, Startup Market intends to support creative, scientific and even industrial projects and help finance companies, especially in the IT and crypto industries. The project has its own NFTs that grant holders a percentage of all platform commissions. Soon they plan to roll out their own coins and staking.

✉️ Tonstake has recently celebrated its one-year anniversary. It has been occasionally mentioned on AMA, in articles, and even on a diagram of significant startups in the ecosystem. But it hasn’t been overhyped, that’s for sure.

Tonstake claims to be the first to offer Staking-as-a-Service on the TON blockchain. This service is stable, safe and allows users to contribute to the growth and development of the blockchain through a custodial staking service.

In addition, its technical department actively takes part in developing the TON core code, providing timely updates and new versions.

Which projects would you add to this list?

Yours truly, @DeepTonEng🧐

🌐 Venture capitalists are investing in cryptocurrency startups

Need proof?

⚡️ Take a plane✈️ to Dubai and see for yourself. There will be an event matching startups, investors and venture funds on Thursday, February 23 from 17:00 to 22:00 local time.

Opus Tower was chosen as the venue, with over 1500 top managers of leading companies, 300+ venture capitalists worth over $4 billion, and over 100 investors potentially waiting for you.

At least 20 startups have signed up to participate. This includes the TON Banking ecosystem and the TON Svet project, which are developing a payment system based on the TON blockchain in Telegram.

Check out the event's website to learn more about the participants and sign up to be on the list.

DeepTonEng will raffle five tickets for this event at the nearest AMA🫠

👛 Now the UAE, Poland and Israel became a little closer

New payment methods have been added to CryptoBot: dirhams, zlotys, and shekels. Users can exchange cryptocurrencies (TON, USDT, BTC, ETH, BNB) for the desired fiat at any time through secure transactions.

The world is becoming freer while technology erases boundaries and constraints.

Yours truly, @DeepTonEng

💎 The crowdfunding platform Startup Market has been launched

The other day we announced this crowdfunding platform as one of the little-known startup projects, and today we congratulate its team on launching the beta version.

Now Startup Market aims to expand to the following domains:
➡️NFT staking
➡️News channel
➡️Feedback option on submitted projects
➡️Projects with funding in stages
➡️Personal accounts for users
➡️Additional languages

After that, the company will implement tools for business accelerators, venture funds and private businesses.

Be bold, take a chance, and seize the opportunity to fund your project on startupmarket.io!

Yours truly, @DeepTonEng

❓ Genesis wallets: freeze or breeze?

Yesterday TON Community called to vote "for or against" the proposal to freeze the genesis wallets of the first miners, who for the last two years have not activated their accounts.

A solution is long overdue. Since the launch of the blockchain, people in the general chat kept asking: who owns these Toncoins? Fears started spreading that suddenly, first miners will merge all their coins at once... and crush the blockchain's tokenomics.

Of course, people start worrying, compiling lists of future destroyers of the ecosystem. Representatives from the ever-friendly Everscale blockchain even developed a tracking tool to monitor the activity of these wallets in hopes of stopping such a potential scenario.

After some time, the trend changed quite drastically. More specifically, when TON made the offer to optimize its tokenomics. To solve the problem, it proposed to freeze 194 inactive wallets for 4 years if they do not find the time or desire within two months to make at least one outgoing transaction. Alas, no one has bothered yet.

This time around, the opponents of genesis wallets have become their supporters. The main narrative has become: "it creates a precedent, so any account in the TON ecosystem is at risk of being closed."

At first, we thought: have you guys forgotten that such decisions require the vote of validators? Apparently, they did not forget, but instead declared the validators biased, with no further proof.

Apparently, this dispute is far from being over.

DeepTonEng respects everyone's opinion equally. Whether you support freezing or are against it, each side has valid arguments. It's just that this sudden shift in sentiment has created confusion.

Therefore, we encourage you to vote. Every TON participant has the chance to express their opinion, much like in a DAO.