📰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

🌐250 million TON transactions processed

On December 9, the TON network reached the milestone of 200 million transactions processed during the entire time of its existence, and a week later this figure reached ~256,252,737 million transactions, according to Tonscan.

58 million transactions were achieved thanks to continued token minting on the TON-20 standard (DTON). Here are some more indicators:
— Total network commission: 118,808 TON
— Unique holders: 69,931
— Unique tokens: 3,059

The transaction processing speed on the TON network keeps pace with the demand (Tonviewer). With the implementation of the new standard, the number of transactions processed per day increased from ~200k to several million (15 million on December 11th).

Note that the number of active wallets on the network is approaching 1 million (989,828 at the time of writing, per Tonstat). After the new validators update, TON processes all transactions using only 2 shards, so thanks to the deflationary mechanism and a large number of transactions, 160k TON were successfully burned so far.

The network keeps up, transactions are spinning, tokens are being minted, indexers fix errors, and the number of wallets is rising!

Yesterday, the Arbitrum blockchain's sequencer could not cope with the load and suspended the production of blocks on the L2 network. The sequencer is the server that receives, verifies, and combines transactions into blocks. The blockchain was temporary shut down due to a surge in transactions, which reached 4.39 million on December 15.

The trend with inscriptions, which started off with the brc20 standard on the BTC network, and since December 5 already in TON, has now come to the Arbitrum.

Is this standard necessary and what could be its purpose in the TON ecosystem (other than cNFT on TON-20)? Let us know in the comments about how you see the future of TON-20 standard and whether you would like to lean more about it.

Your inscribed @TonPost

🕸Affiliation with the leading SocialFi platform

RepubliK, a leading SocialFi platform, announced its landmark partnership with The Open Network, with the intention of bringing the worlds of Web2 and Web3 closer together.

The collaboration, coming into effect in the second quarter of 2024, aims to reimagine the user experience through seamless integration and token exchange between the two Internet spaces.

RepubliK's goal is to create an intuitive user platform that resonates with the audiences of social networks such as Instagram and TikTok.

The strategy includes improvements such as simplified registration via email or social media, as well as a gamified badge system to promote active users.

Note that RepubliK has chosen the path of selective centralization, such as using artificial intelligence for content delivery, taking into account the wishes and preferences of the Web2 audience. Other features include many monetization possibilities and accessible transactions using RPK tokens.

The prospects of this partnership open up new opportunities for interaction between the two worlds, with deeper user interaction, additional monetization options, and increased importance of user input to the development of the platform. Of course, all this wouldn't be possible without TON integration.

→ Whitepaper RepubliK

Your SocialFi @TonPost

🤜RAMP introduces TON <-> fiat on-ramp

Ramp Network (RAMP) - a fintech company bridging the gap between the crypto economy and the fiat financial system, has just added TON as a new asset for its service.

Ramp Network provides a powerful fiat cryptocurrency toolkit that allows anyone, from well-known brands to blockchain pioneers, to easily connect millions of users to Web3.

The project supports more than 40 fiat currencies, 90 cryptocurrencies, is available from more than 150 countries, and has attracted over $130 million in funding.

RAMP simplifies the purchase of Toncoin using a cryptocurrency-to-fiat exchange mechanism. As such, Telegram messenger users will be able to buy TON straight from the app, without transferring bank data to third-party applications.

The service supports popular payment methods, including credit and debit cards, bank transfers, Apple Pay, Google Pay and, most recently, PIX, a popular digital payment method used by about 70% of people in Brazil.

We’re thrilled to team up with TON and open up the doors to Web3 for hundreds of millions of Telegram users. By allowing users globally to purchase TON using their local currencies and preferred payment method, we’re working with TON on a joint mission to build a decentralized future for everyone”, said Szymon Sypniewicz, CEO at Ramp.

Providing a seamless registration process and a wide array of options is crucial to accelerating the mass adoption of Web3 technology for new users.

The on-ramp solution will play a key role in transitioning 800 million monthly active Telegram users to TON.

Your on-ramp @TonPost

📦More than 100,000 unique owners of TON-20 inscriptions

Since TON-20 inscriptions came out, two marketplaces have formed: Shard and Tonano. As transactions started rolling out, they also generated quite an impressive volume.

The market volume of Shard is 25,640 TON (~$57,437)
The market volume of Tonano is 214,441 TON (~$480,404)

Since inscriptions have been introduced, the network has processed over 83 million transactions, burning over 173,000 TON, which impacted the income of validators, as well as staking APY.

4 of the TOP 5 tickers have been 100% minted, and a total of 107,188 unique holders own all inscriptions.

Inscriptions with "dedust.io" ticker are 89.4% complete, and the dev team also purchased the domain ton20.market proclaiming: "Everything starts with the purchase of a domain."

Thanks to the trend set by the Tonano team, a new GRAM-20 inscription format has been created. It's got a different approach with minting through TMA and paid transactions of 0.9 TON for 24 mints.

Users in the community split into 2 opposing sides. 🧐 Some believe that inscriptions are not needed and will only ruin the TON concept. Others believe that on the contrary it will attract and introduce even more new users to the ecosystem.

And what do you think? Are inscriptions good for the TON ecosystem?

Your -20 @TonPost

👋Happy New Year 2024!

From our entire team, we would like to wish you good health, balanced decisions, and many positive changes in this new upcoming year 2024.

The year 2023 was even busier than the previous one. We've signed more than 20 partnerships, added support for 10 wallets on the TON network, and got listed on over 15 exchanges, among many others.

Below you will find the most important events from 2023:
🔹TON was awarded 'Developer Community of the Year' at the AIBC Awards Eurasia 2023
🔹Theft of 4 000 000 TON
🔹Telegram Premium can now be purchased for TON
🔹ERC-20 bridge has been launched
🔹Bots with usernames from Fragment
🔹Trust Wallet now supports TON
🔹TON deflationary mechanism
🔹New address format adopted
🔹SEC restrictions have been lifted
🔹TON Foundation in Switzerland
🔹Integration with Telegram messenger
🔹Joining forces with Chainbase and Tencent Cloud
🔹Tutorial for Telegram Web Apps
🔹A refresher on TON architecture
🔹Why TON games are about to take off
🔹TBF - 2.8 billion dollars frozen for 5 years
🔹TON has officially the highest TPS
🔹Dubai officially recognized Toncoin
🔹Pavel Durov is not disappointed in TON
🔹Introducing prize draws on Telegram channels
🔹'Configuration key' was removed for decentralization
🔹The innovative Future3 Campus announced TON Bootcamp
🔹Animoca Brands will help develop third-party mini-apps
🔹Inscriptions & Stress-testing TON
🔹The TON network finally cleared of spam transactions
🔹Pictures from the TON Meetup For Developers & Founders
🔹The biggest TON breakfast in Moscow
🔹FTX sold TON assets
🔹Introducing TON in the Ledger hardware wallet
🔹250 million transactions processed
🔹100,000 unique owners of TON-20 inscriptions

We are confident that this year will bring us even more exciting partnerships, events, and integrations for the TON ecosystem, as well as plenty more active users. Also, we are expecting a deeper integration with the legendary Telegram messenger (hopefully Pavel and Nikolai hear us🙏).

Your New Year @TonPost

🔓xRocket got hacked

This morning, users of the multifunctional custodial wallet xRocket had trouble withdrawing tokens from the TON network. The following information is tentative and requires verification.

Several Russian-language sources reported that withdrawing TON and tokens was not possible, unless assets were converted to USDT. The hacker commented about this in a post.

Later, the user that got hold of the wallet wrote:

You should be thankful that I did it. If it had been someone else, he probably wouldn't have returned anything.

Dmitry Nekelov indeed returned 50,000 TON (1 • 2 • 3). He also claimed to have received 30,000$ as a reward, as well as 'other benefits'. Отследить другие транзакции вы можете в этом кошельке.

At the moment, the wallet has been suspended, and the xRocket team has stated the following:

"Technical maintenance, the bot will be launched within a few hours. Please be patient."

This is another case that demonstrates how vulnerable our funds are in custodial services. After all, all the hard-earned funds can be stolen or seized due to the lack of a private key. (Not to diss xRocket, but it's a valid point to consider).

Let's wait for more details as the story develops.

Your @TonPost

🔄Update

The problem was related to an error in the software code on the part of xRocket, leading to a double transfer of funds, and not hacking.

The team has acknowledged the error, compensated the users and took measures to prevent similar cases in the future.

We are confident that they will overcome this problem very soon and return to business as usual, providing valuable services to our community.

Your unbroken @TonPost

🔼TON listed on Reku

The centralized Indonesian exchange Reku announced adding TON to its list of cryptocurrencies. Now TON/IDR is available as a trading pair.

Reku is the first private exchange launched on the Binance Cloud platform and aims to become the most reliable digital asset exchange on the market.

TON's listing on Reku increases its availability and presence in Southeast Asia. Step by step, TON expands into new areas and penetrates various markets, thereby accelerating the influx of new investors and enthusiasts.

Your Indonesian @TonPost

💎Notcoin

Notcoin is a meme-clicker game from the team TOP (formerly FS Labs). It is jointly developed with the Happy Santa group, who previously worked on VKCoin.

Having received proactive support from the TON Foundation, Notcoin then organically got the attention of influencers on Twitter, Telegram, TikTok, and even Twitch, so it took $0 to market the game. Thanks to this, you may hear from your Web2 friends and acquaintances about this new phenomenon.

Since the release of the game, more than 3 trillion coins have been mined, its number of players has surpassed 11 million, and its daily active userbase is 3.5 million.

The point of the game is to collect as many coins as possible and get to the TOP with your squad (team), acquiring boosts and various kinds of improvements to reach the top faster.

Users can perform additional tasks in Notcoin to earn extra coins. This is very positive for our ecosystem, as many tasks are related to TON ecosystem projects, such as Tonstarter, Wallet, Egg Fight Club, Telegram Mini Apps, and others. All these tasks come from TOP, which can also include other projects on a commercial basis.

A long time ago, at the inception of Gram, whenever Pavel Durov was mentioned in a post such as "A new cryptocurrency from Pavel Durov," etc., it was instantly flagged as "scam" on the channel that published a post with such content. Telegram had automatic triggers for such publications, which were sent for review, then most probably deleted.

Now, whenever influencers use such aggressive tactics with similar phrases, they typically don't get flagged, which points towards double standards.

Let's address any potential false arguments right away:
- Notcoin is a game currency that cannot be withdrawn and has not been listed anywhere (as of this time)
- Pavel Durov has nothing to do with this game nor its currency, obviously
- Information about earnings and benefits of a clicker game is unreliable

This is an excellent application that will introduce an influx of traffic from various parts of the world to the Telegram and TON ecosystem. In our opinion, this will get people acquainted with Telegram Mini Apps and their capabilities, as well as with the wonderful TON ecosystem, which is rapidly developing.

→ Go to the game
→ Go to the Notcoin community

Your clicker @TonPost

👋Invitation to the TON Meetup in St. Petersburg!

On January 28, TON Meetup for Developers & Founders will take place in Saint Petersburg. It will bring together developers, project founders, investors, and Web3 adherents. The meetup is dedicated to the official launch of the TON Society for CIS (Commonwealth of Independent States).

The meetup will feature the most important news of the global TON ecosystem, plans for the new TON Society hub in the CIS countries, as well as showcasing established well-known projects.

Speakers:
- Alexey Solovyov: manager of the CIS TON Society at the TON Foundation
- Slava Yakimenko: manager of the TON Bounty program at the TON Foundation
- Daniil Ivanov: Web3 marketing and development at STON.fi
- Vitaly Kitaev: Head of Marketing at DeDust.io, co-author at The Daily TON;
- Ivan Rastorguev: author of Gatto P2E games on the TON blockchain
- Bogdan Mitursky: CTO of the game Gatto, founder of the котbread studio

Media coverage of the event: The Daily TON and DeepTon.

The program also includes informal communication with speakers, networking, and treats for all guests.

📅28/01/2024
📍Saint Petersburg, Lenpoligrafmash Amphitheater
❤️15:00 (MSK time)

Admission is free with prior registration. You can register and get acquainted with the event program by following this link.

Your intellectual @TonPost

🌐Spoiler of the upcoming TON Browser

During last year's Gateway conference in Dubai, TON Browser was announced, featuring support for TON Sites.

A small video preview has recently emerged in Telegram Mini Apps showcasing the TON Browser concept.
The concept shows the ability to search for TON sites, create your own page, as well as a catalog of ready-made TON sites.

We thank the honorable Mr. Al Robin for sharing with us this discovery.

The app also has a community on Open Sites, though the web app itself is currently not working.

The price of TON DNS domains will definitely react to the release of this feature, the number of sites (which already exist) will increase, and Telegram will get additional traffic from the usage of and interaction with Web3 sites.

We are waiting for the release of the product, as this is another step towards the world of Web3, all within the comfort of our favorite Telegram messenger.

Your DNS @TonPost

🆙More communities grow around Notcoin

The meme-clicker devs added a section to the game menu containing news, events and opinions around the TON ecosystem.

Our channel, as well as the editor's channel, are included in this collection!

We thank the Notcoin team for this initiative, as this will actually help users find news sources in a convenient manner, as well as authoritative opinions about our cool ecosystem, The Open Network!

Your relentlessly growing @TonPost