🪙A brief introduction to bridges and wrapped tokens

Our team wrote a short article to give you an insight on this subject or serve as a refresher. It covers the following topics:

- What are bridges, and why are they needed?
- What are wrapped tokens, and what is their purpose?
- Are cross-bridge transfers safe?

→ Check out the article

Your bridge-building @DeepTonEng

💸TON Accelerator to give out up to $25 million

The TON Accelerator program announced its commitment of up to $25 million for projects that will have a significant impact on the TON ecosystem.

TONcoin.fund will allocate capital for various key projects, with an emphasis on decentralized finance (DeFi).

In addition to funding, each project will receive mentoring from TON Accelerator partners, such as hedge funds and risk management consultants.

The TON Foundation intends to join forces with major Web3 accelerators to expand its network of partners for the TON Accelerator Program.

The initial selection will focus on projects which took part in the two-month virtual Hack-a-TONx by DoraHacks.

Participants with a proof of concept or prototype can apply for grants at an early stage of development.

All projects that would like to join are invited to fill out this form.

Your accelerating @DeepTonEng 🤫

🤝TON & FingerLabs

The Fingerlabs company announced their engagement in a strategic partnership with The Open Network (TON).

FingerLabs acts as the research facility for the Handstudio blockchain, which is responsible for developing strategy for the FSN blockchain, the SIX and DeFi ecosystems owned by FSN, and blockchain application services (Dapps).

This initiative will enable Favor Alliance to expand its multilayered cooperation and use its marketing technologies to reach hundreds of millions of users to promote the Web 3.0 ecosystem.

Strategically yours, @DeepTonEng

💱TON listed on BitForex

The centralized cryptocurrency exchange has announced that it will be adding Toncoin(TON) to its list of trading currencies.

TON deposit, withdrawal, and the TON/USDT trading pair are now available.

BitForex is a platform that offers spot trading on the cryptocurrency market, as well as leverage and derivatives trading. In addition, it provides token listing services.

Your forex @DeepTonEng

🧮Concept from Ammer Card

The team behind the hardware wallet presented a video showcasing a user making a payment through a terminal. Though instead of fiat, the transaction was carried through the TON blockchain!

Ammer Card is a hardware wallet carrying multiple assets, is conveniently shaped as a bank card and has NFC capability.

Fast, convenient and safe.

Your NFC-capable @DeepTonEng

🏆TON Ambassador program

The TON team put up an application form for all you cryptocurrency enthusiasts and Web3-masters out there to join the revolution!

The TON Ambassadors program offers exclusive access, unique opportunities and benefits within the TON ecosystem. It's a chance to be at the helm of a thriving community and shape the future of digital currencies.

Unlock the amazing benefits of a TON Ambassador:
- Early access to new developments and direct communication with founders
- Monthly meetings with key stakeholders
- Access to partnerships and attractive AMA opportunities

But that's not all! TON ambs get exclusive opportunities such as internships, work, career advancement, limited-release TON products, professional coaching in the cryptocurrency industry and other perks of being with us.

As you progress, this opportunity converts into a paid position, so as to reward you for your efforts. As the TON ecosystem develops, so will the benefits and opportunities for its constituents.

The goal of the TON Ambassadors program is to raise well-versed crypto professionals with a diverse set of skills and put them in positions to realize their full potential. The ambassador is expected to play a substantial role in shaping the TON ecosystem.

Join this exciting journey and pave your way up the blockchain ecosystem. Let's unite our community and bring TON to a whole new level!

→ Sign up here to become a TON Ambassador
→ More about TON Ambassadors

Your proud @DeepTonEng

👛TON & Cypherock X1

X1 is a hardware wallet developed by Cypherock. It allows for storing cryptographic data independently, providing first-class asset security. Now it is also supporting TON.

The Cypherock X1 hardware wallet uses four near-field communication cards (NFC) to store users' source phrases and private keys.

Transactions are confirmed by tapping the card on the wallet. Cypherock recommends storing cards away from each other, in separate geographical locations.

Your hardware @TonPost

🙌Another TON listing: Flitpay!

The popular Indian stock exchange announced the addition of the TON/IN trading pair with zero commission.

Flitpay is a popular cryptocurrency exchange based in India offering competitive trading commissions.

It was founded in 2017 and has been known for its best-in-class security. It offers a variety of free features, such as spot and over-the-counter trading, a hands-on trading account, crypto transactions and crypto gift cards.

Your researcher @TonPost

⛏TON Foundation launches a liquidity mining campaign

TON Foundation has announced a brand new campaign enabling participants to earn money by mining TON cryptocurrency.

The campaign runs from June 5 to June 30, featuring prizes of up to $720,000 in TON.

The main goal is to win users over from other blockchains to The Open Network ecosystem.

The campaign will be mainly supported by the Jettons Tether token pools of USDT, USDC and WBTC on Ethereum. A special bridge will be created to facilitate transfers of ERC-20 tokens from the Ethereum blockchain to TON tokens.

TON Foundation will be making more announcements in July 2023 and is expecting a significant increase in assets and liquidity in the TON ecosystem.

This program is an example of TON's commitment to growth regardless of fluctuations in the cryptocurrency market. It's just the beginning of TON's ambitious plans in decentralized finance (DeFi).

The total prize of $720,000 will be distributed through three DEXs in the TON ecosystem: Megaton Finance, DeDust и STON.fi

Your miner @TonPost

🥁TON is now on Rubic

The multichain aggregator team announced that it will be integrating TON and launching an informational campaign as part of their partnership.

TON DeFi Month, running from May 31 to June 15, will be a great opportunity for users to learn about TON and earn rewards by joining this reliable, performant and scalable blockchain.

→ Terms and conditions of the SwapToEarn program

Rubic is a multichain aggregator for users and dApps. Its new umbrella SDK aims to combine all the best Web3 interchain exchange technologies - from signals, oracles, tokens and NFT bridges to ready-made templates for DEXs, Lending/Farms and much more. This will give developers easy access to multichain support for any kind of Web3 dApps.

Your aggregator @TonPost

👍It’s official!

We got some great news for iOS fans. With the latest update, the Trust Wallet added support for TON.

Now you can make use of the token right from this popular wallet.

Update/download the app here.

Your trendy @TonPost

💎 News Index for May 2023

🔹TON joining Giottos
🔹Fragment moves 50,000,000 TON to a new wallet
🔹Listing in Brazil
🔹TON Foundation x Chainalysis
🔹Mooli now supports TON
🔹TON in Trust Wallet
🔹Staking in Tonkeeper
🔹TON is listed on Changelly!
🔹Exclusive from the BIT x TON event
🔹TON's partnership with BIT
🔹Short animation starring TON
🔹Trust Wallet Guide
🔹Mask invests in TON
🔹Bridges and wrapped tokens
🔹TON Accelerator to give out up to $25 million
🔹TON & FingerLabs
🔹TON listed on BitForex
🔹Concept from Ammer Card
🔹TON Ambassador program
🔹TON & Cypherock X1
🔹Another TON listing: Flitpay!
🔹Liquidity mining campaign
🔹TON is now on Rubic

🔥TON burning mechanism

TON Community has proposed a mechanism to burn 50% of all transaction fees, similar to the EIP-1559 update on Ethereum.

“Even though the initial impact seems small at first, estimated at about 350-400 TON per day, the effect will increase significantly over time, leading to noticeable deflation,” commented Kirill Emelianenko, Technical Director of TON.

Discussions are currently underway, and the proposal must be approved by a majority of TON validators in order to be implemented.

If both the validators and the community are on board with this mechanism, part of the tokens will be burned during transactions, and the remaining commission will go to the validator as usual.

Your deflationary @DeepTonEng

🗳Voting on the deflationary mechanism has begun

The TON community has proposed burning 50% of all transaction fees, including storage fees, in order to reduce the turnover supply.

TON validators have two sources of income: transaction fees from users and new coins issued for each processed block. The deflationary mechanism will affect only transaction and storage fees, while the number of newly issued coins will remain the same.

→ Take part in the voting here
→ Learn more about the deflationary mechanism

Voting ends on June 13th, after which TON validators will start their vote on June 15th.

The changes will be implemented if at least 70% of all TON validators vote in favor of the proposal.

Your electoral @DeepTonEng

💊TON liquidity mining in action

Remember the recent launch of a liquidity mining campaign?

As part of this event, the TON Foundation has assigned $720k to be evenly distributed among three DEXs. Let’s take a closer look.

🏜DeDust: participants will receive rewards according to their share in the pool and the duration of their commitment to liquidity supply. (FAQ)

Trading pairs & annual interest rate:
TON/jUSDT: 200% APR
TON/jWBTC: 292% APR
TON/jUSDC: 287% APR

- Exchange commission for the three pairs is 0.4%
- Funds can be withdrawn at any time
- Whether interest will be paid at the end of the campaign or when profitability will be assessed is yet to be determined


🪙STON.fi: gives participants the opportunity to mine TON to provide liquidity and collect rewards. (FAQ)

Trading pairs with compound percentages:
TON/jUSDT: 112% APY
TON/jWBTC: 240% APY
TON/jUSDC: 220% APY

- The exchange commission for the above pairs is 0.3%
- Withdrawal of funds is subject to a 14-day hold
- Income from mining can be withdrawn and put into circulation at any time after paying the network commission
- Similar situation as to determining the profitability and how it may change


💎Megaton Finance: users can start participating in airdrops from as low as $1 to receive exchange tokens and other rewards. (FAQ)

Trading pairs & annual interest rate:
WTON+jWBTC: 31.70% APR
jUSDT+WTON: 14.70% APR
jUSDC+WTON: 12.58% APR

- High commission fees (it costs ~1.4 TON to make two transactions)
- Funds can be withdrawn at any time
- Possible to claim and reinvest exchange tokens
- Animation of the project token accrual
- Not suitable for beginners


❗️Mind the difference between APR and APY
The Annual percentage yield (APY) takes into account interest accrued quarterly, monthly, weekly or daily, while the annual percentage rate (APR) does not.

Your banker @tonpost

📉Morning dump

This morning TON got hammered down to $1.23, and some used this opportunity to load up on TON for almost $1.

Apparently, speculators whiplashed to strengthen their position against a generally weak market.

The drop in value by more than 20% occurred in a matter of a few hours.

At the moment, TON has already returned to the $1.45 mark. What’s your take on this situation? Let us know in the comments.

Your dumper @tonpost

✅At last, verified on Twitter!

TON’s official Twitter account has received the 'verified' check mark, thereby recognizing it as an official organization on that platform.

We welcome everyone who has not subscribed yet to join @ton_blockchain.

Your verified @tonpost

❌TON not included on the SEC list

You may see some rumors spread in the media about TON (The Open Network) being designated as a security by the SEC, but this is false.

In the list of 54 cryptocurrencies, the SEC included Telegram’s Gram, (or Telegram Open Network) which is not related to the TON token as we know it, and does not have the same name nor the same logo.

We encourage you to review this article on CoinTelegraph containing the list of the 54 cryptocurrencies recognized by the SEC as securities.

Your detective @tonpost

🤔New wallet addresses

TON blockchain is considering updating its address format for the improved security and convenience of inexperienced users. The proposal includes adding recommendations and minor modifications to the address format to prevent users from losing their funds in case of a mistake.

TON team invites all developers to join the discussion on the new address format. The proposal mainly focuses on backward compatible changes, but all other suggestions, including more radical ones, are welcome.

This proposal is part of TON's overall goal to foster mass adoption of blockchain technology. By increasing user convenience and security, TON attracts more individuals and businesses to its platform.

→ Join the discussion

Your addressee @tonpost