👛 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.

💎 The Rift Framework is here, bringing smart contract development to Python 🎉

The Skyrinng Channel announced the launch of the Rift framework for creating smart contracts on TON. Now devs can just use the familiar Python language instead of having to learn FunC and Fift.

The advantages of Rift:

⚙ The platform can be integrated at any stage of the project
⚙ Allows for development, testing and deployment of FunC/Fift contracts for TON
⚙ It is autonomous, needing only Python 3.10 and the rift-framework package

Its creators will soon come up with a step-by-step guide specifically for TON.

Website
GitHub

Yours truly, @DeepTon

PS. We are not against convenience, as we understand that Python can be more accessible and it contribute to the influx of new TON users, which is great.

Yet it isn't clear why are TON developers abandoning the blockchain's native FanC and Fift languages.

When Everscale was overhauled on Rust, it ended up becoming a new blockchain. Similar proposals are being made for TON.

Is it because FunC and Fift are overly cumbersome and difficult? We @DeepTonEng would love an in-depth explanation.

💎TON has been audited

TON Foundation has contracted the German firm Chainsulting.de to verify its smart multisignature contracts. The final audit report was released on February 10, 2023. As this is a confidential document, it cannot become public without the customer's permission.

Chainsulting is known among Web3 builders for its expertise in analyzing possible risks and providing comprehensive solutions. The company has audited the code of such blockchains as Solana, Tezos, Ethereum, Binance Smart Chain and Polygon. However, as it turned out, the results of their investigation leaked into another blockchain's community chat before reaching TON itself. The reasons why it happened are still unclear.

Even though we cannot provide a link for the aforementioned reason, we can say that no critical, high, medium or low importance errors have been detected during the audit. The only concern raised by their team is the lack of an environment for developers.

Yours truly, @DeepTonEng

👛 Where are TON validators located?
Just about TON

DeepTonEng has researched the geographical distribution of TON validators throughout the world. This can help answer the question: is the network sufficiently decentralized according to its architecture and technical capabilities?

Truth be told, we were not able to get a complete list (no one can, really) since validators’ countries are only known for nodes from nomination pools. This is done for security reasons.

At the moment, the TON network is supported by 279 validators, out of which 49 are nomination pools.

Distribution by country:

⚙ Sweden — 4
⚙ USA — 10
⚙ Great Britain — 4
⚙ Russia — 5
⚙ South Korea — 2
⚙ Lithuania — 2
⚙ India — 4
⚙ Canada — 4
⚙ Japan — 2
⚙ Australia — 2
⚙ Singapore — 4
⚙ Kazakhstan — 2
Not all nodes have specified their country.

Here are some services that use nomination pools:

TON Blockchain, TON Technical Support, validators from Korea, The Best TON Project, Fastnet (manages blockchain infrastructure for different networks), Web Capital, TON.app, Sol laranja (a node network since 2018), TonUtils. Many others chose to remain anonymous. See more details here.

We also conducted a similar research last August that may interest you.

What do you think can be done to ensure the architectural decentralization of the network?

Yours truly, @DeepTonEng

👛 Over 75% of validators have approved optimizing TON tokenomics

A proposal was published in January to freeze inactive genesis TON wallets for four years. Failure to do so would create an atmosphere of uncertainty regarding the network’s tokenomics and hinder its further development.

The owners of those wallets were asked to make at least one transaction, and some took that opportunity.
However, 171 wallets with a total balance of 1.081 billion (more than 20% of the total supply) are still dormant, just as they have been for the previous two years.

Now, after more than 75% of validators in two voting rounds have agreed to freeze these wallets, the owners will regain access to their assets no earlier than February 21, 2027 at 09:00 UTC.

Such a decision should create an environment of transparency and openness regarding the tokenomics of TON coins, which will be more attractive for new projects and investments.

Yours truly, @DeepTonEng

🎙 Full TON ahead! 🚀

GenX Analytics is a group of investors that analyzes cryptocurrency market activity. It has recently announced that according to the TVL growth criterion, $TON is among the fastest growing networks, along with $CFX $XTZ $FRA $CANTO $FTM $ADA $EVER and $ASTR.

Yours truly, @DeepTonEng

🌐 Ceffu is integrating TON network

In case you didn't know, Ceffu is the new brand name of Binance Custody, the custodial division of Binance CEX. Now this service designed to provide infrastructure solutions for corporate clients also supports the TON coin and its network.

As a result, Ceffu’s corporate clients will get access to TON coins.

Yours truly, @DeepTonEng

💎 First Stage Labs' report about the state of TON DeFi

Here’s an overview:

TON already has wallets, marketplaces, auction platforms, launch pads, DEX, and staking pools. Yet it needs some supporting infrastructure (oracles and bridges), DeFi services (loans, stablecoins, and earn options), as well as more educational materials and courses for a mass audience.

It has a Total Value Locked of $0.5 million, similar to Solana, Polygon and NEAR in 2020 - 2021, when they were listed on DefiLlama. Several problems are apparent: low liquidity of native tokens, low blockchain TVL, almost all of it coming from STON's work.fi, and low network activity.

Here is what TON needs:

✅DeFi infrastructure: a crucial requirement for all DeFi projects
✅Core DeFi projects: an overcollateralized stablecoin, a lending protocol, and a liquidity staking protocol
✅Incentives for developers: creating the necessary dev tools and attracting new talent to the blockchain
✅TVM-EVM adoption tools

The authors recommend focusing on the following projects:

✅ Bridges: developing a single standard for wrapped tokens
✅Decentralized stablecoins: a significant boost to the TVL and trading volume, adding utility for TON tokens and creating new profit opportunities on the blockchain in the form of interest, liquidity pools, and daytrading
✅Lending protocols: there are currently no lending solutions on TON, but they could create markets for interest-bearing assets and self-paying loans, boosting TVL and on-chain activity
✅ DEX LOB (Limited Order Book) Protocols: also missing on TON
✅ Protocol for liquid staking derivatives

The study is pretty thorough, that’s for sure. Find out more here.

Would you add anything to it? What do you think matters most?

Yours truly, @DeepTonEng

🌐 Decentralized governance on TON

Just in the last few days, TON has launched the first Decentralized Autonomous Organization platform for making important decisions. We see this as an important milestone for the ecosystem in its transition to decentralized governance. Let's take a deeper look into this landmark event.

Orbs, a key partner and blockchain infrastructure provider, has recently launched TON.Vote, a decentralized on-chain DAO governance platform built exclusively for the TON ecosystem. It uses the latest technology to provide tamper-proof access to Ton.Vote and vote verification.

As the developers explained, interacting with the platform is simple: users connect a wallet - Tonkeeper, OpenMask, MyTonWallet, TonSafe, Tonhub or TON Wallet and vote by using their TON balance as the weight of their vote.

The first vote has already been held when users expressed their opinion about optimizing the network's tokenomics. In the future, the platform will be used to make decisions about the network's projects. There is already proposed documentation to help dApps integrate TON.Vote.

In conclusion, decentralized governance will make the platform truly inclusive by allowing everyone to have a say in its development.

Regards, @DeepTonEng

👛 Another great practice has been implemented on TON: The Developers' Report. Now the shroud of uncertainty is gone: users are invited to take a deep look into the inner workings of the ecosystem every month. This builds a whole new level of transparency and trust for the community.

By the way, the January edition seems particularly insightful, and we invite you to read it here. Stay assured, this won't be the last one. 👍

Yours truly, @DeepTonEng🤨

🌐 SafePal proudly announced staking available for TON and Flare Network, among the 55 other networks it supports.

The Flare network was initially building a DeFi ecosystem for Ripple. But plans have changed, and now it provides solutions for blockchains that cannot work directly with smart contracts.

On January 10, Flare listed its #FLP coin on Kraken and Bitstamp, and now TON users can stake it on SafePal.