😏Received a complement from the author of the question

Alexander Plotvinov from the Open Builders team complemented an earlier question posed as part of a conference on accelerating user engagement in the TON ecosystem:

You don't need to start with 500M, but run a test

where you send 100,000 Toncoin to 100,000 Telegram-premium users as a gift, with a limited time and a condition to create a TON wallet. Or if not to Premium users, then to those who have been active in the last 30 days, chosen at random.

The advantage of this approach is that the distribution can't be abused, since it will be given retrospectively to those who already bring value to Telegram.

My hypothesis is that 90% of Toncoin will remain in the ecosystem, simply because 1 TON is not enough to be transferred to fiat or other networks.
And giving people use cases — gaming, collectibles, defi — will add even more motivation to become a regular participant of the TON Community.

It is quite possible scenario where for 100,000 Toncoin sent, we will get buyers for 1,000,000 Toncoin, simply because some people will discover the value of TON and the potential of the integration with Telegram and will want to transfer their assets from fiat or other networks.

If the 100,000 Toncoin experiment is successful and TON gets more value than money spent, we can continue with a larger audience as long as the right value / money ratio is maintained.

And if it fails — well, it's a small price to pay for trying to save 5 years of onboarding of millions of users. Still, we will have thousands of new onchain users, which doesn't sound too bad.

Your multilateral @TonPost

🙏Promo video from the TON blockchain conference

Here is a promo video presented during the recent Gateway conference, which briefly describes The Open League initiative and plans within the TON Society.

The idea is to allow contributors, developers, and other users to earn XP for performing certain tasks, which can then be exchanged for a TON.

In addition, participants will receive a commemorative badge in the form of an SBT NFT for achieving milestones in various events.

This initiative is expected to attract 5 million active users to the TON ecosystem.

Also in the near future, emphasis will be placed on the development of TMA/TWA (Telegram Mini/ Web Apps), which will attract many developers and creative users to the ecosystem.

We should probably expect a lot of events for developers, and of course, a constructor for creating TMA / TWA (but this is just a guess). 🧐

Source | Presentation
Your constructor @TonPost

🙏GeckoTerminal x TON

CoinGecko's tracker has started supporting decentralized TON blockchain exchanges.

GeckoTerminal is a real-time DEX tracker created by the CoinGecko developmers. From its terminal you can track cryptocurrency prices, volumes, transactions, liquidity, and much more on decentralized exchanges from all blockchains.

Previously, CoinGecko has listed TON coin and created a rating catalog for Telegram bots and apps to keep track of this thriving ecosystem.

Your tracker @TonPost

🔥Another big step for Web3

From the very beginning, TON was designed as a decentralized, self-governing organism. And only if the vast majority (as many as two-thirds of validators) give their approval, changes to the network can be made.

Today, the 'configuration key', the last element hindering complete decentralization, was removed from the system.

This key allowed adjusting the technical parameters of the network in critical cases. It could not directly manipulate smart contracts, such as making changes to the balance, code or account data. Nevertheless, it was the last element to get rid of in order to achieve true and complete decentralization of the TON blockchain.

So, today, that key is history. The devs removed it from the system, along with all the “buts”, and now our beloved TON network stands to claim its position as the most advanced decentralized body!

→ Deletion of the Configuration key displayed on TON Scan

🎂It’s amazing that we're over 10,000 people on the DeepTon channels! Thanks to everyone who has subscribed and is following us. We, in turn, will continue to delight you with interesting content.

Your decentralized @TonPost

🥺Major players from Hong Kong have noticed TON's potential

Recently TON Foundation, in partnership with Future3 Campus, announced TON Bootcamp, an event that fosters the development of Telegram-based mini-applications in the TON Web3 ecosystem. The program lasts for five months and offers initial funding of up to $50 million for the top 15 participants.

Future3 Campus is a Web3 innovation incubation platform. Created by Wanxiang Blockchain Labs and HashKey Capital, it focuses on three main areas: mass adoption of Web3.0, DePIN and AI.

HashKey Capital Investment Fund has invested in more than 165 ventures in Web3 and established over 1,000 partnerships, including Coinbase Ventures, Binance Labs, Gate.io and others.

Hashkey Exchange is a centralized exchange founded in 2018 in Hong Kong. It has only 10 trading pairs at the moment and a 24-hour volume of around 300 million dollars. Hashkey was the first in Hong Kong to receive an exchange license.

The Chinese conglomerate Wanxiang Group, one of the country's largest auto parts manufacturers, is also among the founders of Futur3 Campus. It actively invests in blockchain through its own dedicated fund. Wanxiang Blockchain provides technologies, capital, and resources for industrial-scale development and business integration with the blockchain industry.

This partnership implies that The Open Network is entering into a direct cooperation with Hashkey, the most influential cryptocurrency leader in Hong Kong.

Why is this not advertised? The leadership of the People's Republic of China took a tough stance against virtual money. Cryptocurrencies and transactions with them are banned throughout the country.

In 2021, China banned investments in mining cryptocoins, and then mining activity as a whole. Under pressure from the authorities, WeChat messenger, popular in China and other Asian countries, shut down cryptocurrency groups. Any operations with non-fungible tokens are prohibited.

WeChat is a messaging app regulated by the state. Telegram is looking to do the exact opposite, emphasizing Web3 and TWA/TMA, supporting projects with grants and promotion in Telegram Ads, which also use TON blockchain technologies.

Speaking about Telegram's ambitions to outperform WeChat. Recently, it has partnered with the Chinese messenger, Tencent, allowing it to compete in the world of Web3 applications.

Will Telegram excel in the niche of mini-applications, create the first native Web3 ecosystem, and attract the promised 500 million users to TON? We will find out very soon 😎

Your Telegram Web @TonPost

🇹🇷TON listed on the Turkish Paribu Exchange

The Pirabu team announced that TON is now officially listed on their exchange, and is available for purchase and trading.

Paribu is a leading crypto exchange in Turkey and is well known in Europe and other regions. It is popular among traders thanks to its large offering of assets, significant trading volume, and simpler functionality than its competitors.

The exchange dominates the Turkish crypto exchange market, occupying more than 50.5% of the local exchange market share, based on a recent CoinGecko report (2023).

This is the first time TON has been listed on a Turkish cryptocurrency exchange. Paribu is integrated with 11 Turkish banks, including the country's leading national and private banks, which offers users fast, easy, and secure access to TON.

Confident integration, strong banking ties, and the exchange's trust among traders indicate that TON will strengthen and expand its influence in the cryptosphere, so that participants can enjoy new opportunities for investing and trading.

Your Turkish @TonPost

💰Animoca Brands invested in TON

Animoca Brands, a leader in Web3, became TON's largest network validator and will provide funding, research, and analytics for third-party mini-apps in the TON ecosystem.

Animoca Brands is Hong Kong's most active investor in Web3, with a portfolio of more than 400 investments in Web3, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Fireblocks, OpenSea, and many others.

The company develops and publishes a wide range of products, including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, as well as products using popular intellectual objects from the world of sports and entertainment.

"This strategic investment in TON is a key part of our broader commitment to help onboard the next million Web3 users by facilitating a seamless transition from Web2 to Web3. Taking part in the network’s validation underlines our faith in the successful realization of the vision behind the TON project as it looks to bring Web3 into the mainstream",

said Yat Siu, co-founder and executive chairman of Animoca Brands.

"Animoca Brands' investment in The Open Network is a pivotal step towards the next era of blockchain-based gaming",

according to Justin Hyun, Director of Growth at TON Foundation.

Your Hong Kong insider @TonPost

🎮Telegram update v10.3

We just got an awesome new update from Telegram today, featuring:
- similar channel suggestions
- ability to repost stories
- user profile colors
- custom reactions in channels
- voice transcription, story circles, code formatting, and other cool perks

But that's not all. If you look carefully at the image featured on this update, you'll see The Open Network logo appearing for the first time, as well as Pavel Durov's portrait at the top of the board.

The TON logo shows up on a receipt, hinting at it as the main payment system of the messenger.

Also, if you look at the horn with the number 2, you will see a green piece of paper next to it. It has some information circled in the upper right corner along with a TON logo pinned on it. This points to the fact that the SEC restrictions imposed on Telegram/Gram are about to expire.

And there is more. Next to it, on the right-hand side, there is a fork fastened with scotchtape. This presumably refers us to Everscale. The pin on the fork is symbolically colored red, while the pin holding the receipt with the TON logo is green.

Fork

- A fork implies that part of the project will be split into a separate project, copying the source code and modifying it to create another blockchain.

It's worthwhile noting that since update 9.6.4, for 4 months (18 updates) Telegram has consistently kept the following description in its AppStore:

Minor improvements, fixes, and other changes.

Are they trying to "lay low" and avoid drawing attention from the AppStore overlords, thus protecting the ecosystem from excessive scrutiny? This mystery is yet to be solved.

Any other ideas on why TON has been referenced in the image? What other Easter eggs have you noticed (forget the banana)?

Let's investigate and get to the truth down in the comments. 👇

Your detective @TonPost

🔮TON Torrent has arrived

Many have been waiting for a TON Torrent equivalent since the introduction of TON Storage, and now it's here!

A developer nicknamed xssnick posted a repository with TON Torrent, downloadable on Windows, Mac, or Linux.

TON Torrent allows you to download files from a home Internet connection, as long as they are on static IP address nodes.

To download a file, open the application, click "+Add" and enter the bagID, usually found on the @firsttontracker forum or the torrentracker.ton website (requires the TON Proxy browser extension).

For example, you can download a documentary about Pavel Durov (2021) by entering this bagID: E5319D0D750CA9A1C5DE97D869AC7D5904A605313175CE038151C496E5E7F705

Recently, one of the core developers of Telegram, Anatoly Makosov (Tolya Yanot), shared a story with a bagID containing photos of the Gateway conference in Dubai:
23AD8E74CAF9A435F07DD8829535652C2FA0B32B7BB28D73BFE9A836E15EA1BB

To upload a file, click the "Create" button, write the name of the distribution and specify the path to the folder where the file/files are located.

To share it, copy the bagID, or export the file in the .tonbag format.

You no longer have to log into the cloud in order to upload files. All you need to do is keep them on your PC so that your friends can download them in just a couple of clicks.

This is a separate branch of the Web3 ecosystem, and has its own history, and has been in demand since its inception. Now, thankfully, its services have become more accessible, simpler and safer.

TON Storage has the potential to become a major storage utility for the massive amounts of data from TON users, and even Telegram, but this is still yet to come.

TON Torrent | TON Site | Forum | TON Proxy

Your keeper @TonPost

🙏TON Meetup for Developers & Founders

On December 10th, Moscow will be the epicenter of TON Meetup, an immersion into the world of blockchain and the digital wonders of The Open Network ecosystem.

The event will be sponsored by the TON Society, whereas we, DeepTonEng, together with The Daily TON, will be covering the media aspect of the event, as well as some organizational aspects.

The conference will feature the most important news and plans for the development of the TON ecosystem, as well as speakers with insight on the secrets of successful projects and the magic of smart contracts.

Admission is free but requires registering in advance through this form. You can find the details of the program here.

Where will the event take place?
Start Hub on Red October will open its doors on December 10th at 15:30 (Moscow time), where you could become part of the technological evolution!

Feel welcome to join, make new contacts, and get inspired by ideas in a friendly ambiance of networking, drinks, and treats. 😘

🔮TON joins Bitget Wallet

Bitget Wallet (formerly known as BitKeep Wallet), announced adding TON as a supported currency.

Bitget Wallet is a multi-chain wallet connecting more than 80 networks, by the Bitget cryptocurrency exchange (ranks 9th on CMC). Its ecosystem also boasts an NFT marketplace, copy trading, DEX Bitget Swap, and other centralized (CeFi) and decentralized (DeFi) products.

In the future, Bitget Wallet plans to expand by supporting TON dApps, token trading, and candle chart functions. It also aims to launch innovative features based on TON and Telegram, such as the recent Telegram lottery.

To date, the Bitget wallet serves over 12 million users worldwide, is one of the most popular cryptocurrency wallets in the world, and ranks fourth by number of app downloads in October.

This partnership will definitely bring new interest from crypto investors and enthusiasts, and the integration of our dApps ecosystem (which in itself is amazing!) will get us acquainted with the projects and services of our triangle friends!

Your snowy @TonPost

🤯Stress testing TON

The Tonano project was released today, introducing TON-20: a Bitcoin inscriptions equivalent. The Twitter crowd, previously involved with the BRC-20, rushed onto the opportunity. People started farming tokens with the $NANO ticker, sending transactions with the same comment to the same address for burning coins, creating excessive load, under which Tonapi crashed.😔

Requests will keep being accepted until all transactions have been processed. For instance, you can enter any amount on the site and mint the specified amount up to 4 times per transaction. At the moment, only ~ 0.11% of the total support of 2.1 billion has been minted.

The website tonscan.org stopped displaying tokens for a while, while tonapi.io was completely unavailable, prompting the administrators to post the following message:

We are under DDoS attack. Tonapi is currently unavailable.

UPD: This isn't a DDoS attack, but rather an abnormality in the blockchain. We are investigating the problem.

UPD: TON API is back.

This shows how much the TON API affects the ecosystem: if it fails, it drags down half of the ecosystem with it: Tonkeeper, STON, and DeDust.

In our opinion, this stress test will have a positive impact on the development and optimization of indexers, and we hope everyone will draw conclusions on this matter. Meanwhile, this micro-event brought additional publicity to our ecosystem.

Project resources: Website | Documentaion | Twitter | Chat
Status of TON Blockchain
Source

Your inscriptor @TonPost

📰Update on the recent technical incidents

The TON Foundation has released a technical report on the recent events and the current situation, which we'll summarize below.

The surge in transactional activity on the TON blockchain in the last two days caused a slowdown in transaction processing. The peak load occurred between the 5 and 6 of December, though it hasn't posed any threat to smart contracts and user assets.

The 3 million new transactions have caused issues for the validators that were using suboptimal equipment and unable handle the increased load.

The main reason for the slowdown is the inadequate capacity of some validators' equipment. Though it was able to handle the previously low load, as soon as the transaction volume increased, it ran into trouble.

Efforts are underway to put pressure on validators by increasing accountability, improving network performance, and enforcing a penalty system. Patches designed to optimize existing nodes are being rolled out.

Note: The TON blockchain remains operational, scalable, and able to process increasingly large transaction volumes.

Validators are urged to promptly upgrade their equipment according to the corresponding recommendations. For important announcements, refer to TON Status.

FAQ summary:
- TON did not experience failure, only a slowdown
- The penalty system will become more rigorous after the incident
- Many transfers onto the same address do not cause any issues for TON
- The commission structure will remain the same for validators with appropriate equipment

How much longer do you think we'll wait until the blockchain completely stabilizes?

Your coffeebreak @TonPost

💵Rise after the fall

The TON network was finally cleared of spam transactions thanks to the new TON-20 standard on burning address.

Wallets and transactions are working fine, though Tonkeeper has retained its warning on potential problems for now.

Currently, users are reporting on Fragment being unstable. This may be due to the sorting of purchases and sales at the time of network load, and it should return to normal operation soon.

The price of TON has not decreased at all, it even gained a foothold at $2.36. Whether this is because of market makers or users' foresight is not entirely clear, though I like to think that this is due to the influence and dedication of our userbase.

Despite the difficulties, a team of core developers, enthusiasts, and developers from other TON projects have come together to solve this common challenge.

They eliminated it quickly and efficiently, the community did a good job on communication, mistakes got fixed, and we hope that such cases will not happen again. Even if they do, we know that our superheroes will not let our ecosystem fall.

Your weekend @TonPost

💲A transaction from the FTX wallet

Yesterday, there was a deposit to Kucoin made from of the wallet of the bankrupt centralized exchange FTX amounting to 450,000 TON.

This transfer has certainly affected the market price and got the value of Toncoin to the $2 mark. Meanwhile, the "BitGo FTX Bankruptcy Vault" wallet remains at 12,964,415.33 TON (~$26,914,126).

According to Spot On Chain, FTX has sold off assets of almost $600 million up until now.

Earlier, Bankman-Fried has proposed a deal to purchase $120 million worth of TON and provide payment processing services for Telegram.

FTX has since adjusted its sell offer and plans not to make public announcements about upcoming transactions, given that it could have a negative impact on the market.

How much of an impact will a $12 million crypto dump have? We can only imagine. This is where the market maker should step in to provide stability.

Yours truly, @TonPost