🪙📶 Ku Coin Christmas Carnival: imagine the future of cryptocurrencies with TON!

Our host is Tim Tsai, talking to guest speakers Alec Korba and a Whale Coin Talk representative.

There will be a draw of $500 Ton for 10 winners for $50 coins each.

Read up on the conditions here.

Watch here at 14:00 (UTC) .

🎙 Offers from OKX and Huobi that should not be ignored

🔻 OKX promotion "Mystery Box"
Remuneration of 200 APY (annual percentage yield) over 5 days.

🔹What to do:
To get this reward, buy Ton on OKX during the promotion period. There is a maximum of 250 coins per participation, with a locking period of 5 days.
Other offers are also available:
30% APY - 60 days
15% APY - 30 days
10% APY - 15 days

🔻Huobi: staking at 20% per annum

🔹What to do:
Buy Ton on the exchange (“buy” transactions only). Transfer to staking at 20% per annum and for a period of 30 days. The offer will close on February 20, 2022.
— Register
— Get to the second level of verification.
— Deposit coins into staking according to the instructions.
More info here.

May the Force be with you🔸

Your Padawan @DeepTonEng

🦋 CryptoBot has made the important decision "to consolidate all coins pertaining to its payment service" in cold storage. This is to ensure the safety of its user funds during the upcoming TON provider update.

Here is the aforementioned cold wallet.

👛 RSquad has developed a light version of TON client for Ethereum Virtual Machines

In August, Deep Ton talked about RSquad, a cross-chain solutions developer for TON. Back then, the team was working on two projects at once: deploying a working bridge for trading altcoins on the ETH and BNB networks and creating a TON Trustless Bridge for exchanges on EVM blockchains.

In a recent article, RSquad reported on the completion of the first and most crucial stage of the TON Trustless Bridge development with its first light client - Geth. The client runs on an EVM and connects to the main ETH network. This solution allows developers to validate blocks and transactions directly on the Ethereum network.

This enables TON to become a Trustless Bridge to EVM-compatible networks without intermediaries such as oracles or off-chain relays, adding significant transparency and security to the blockchain. In fact, intermediaries are the most vulnerable targets of hacker attacks. The service also promises to be faster and cheaper than similar solutions on the market.

The team still has a lot of work ahead. First of all, preparing EVM smart contracts to be equally compatible with various blockchains. This will enable applications (dApps) to take data from the TON network, verify it independently, then parse and perform actions on EVM-compatible blockchains.

Currently, a dApp is being developed to get "users acquainted with the functionality and make their first trustless exchange on test networks," said Roman Nguyen, CTO of RSquad.

Anatoly Makosov, one of the main developers of TON, mentioned plans "to post the source code on Solidity in December". The launch of a full-fledged Trustless bridge will take place in 2023, but the interim results, code and tools will be published during development."

Some code has already been posted on GitHub, and you can read more news about the team and the project here and on their channel.

Yours truly @DeepTonEng congratulates the RSquad and wishes them success in future projects.

👛 RSquad has completed the testing and verification of smart contracts for its token bridge. This enables transferring any ERC-20 or BEP-20 tokens from the Ethereum or BNB Smart Chain networks to the TON blockchain and back.

Those tokens will be listed on TON as regular jettons, enabling services like DEX to interact with them normally.

Everything went smoothly. Now get ready for a competition to find vulnerabilities in those smart contracts with a prize fund of $50,000.

Go team, go! 😀

Yours truly, @DeepTonEng

🌐 Reminder about DNS service, a key component of TON

According to the blockchain roadmap, the next of its 4 key components is TON Storage, and it's coming soon. But more on that next time.

Let's take a look back at TON DNS, which has temporarily fallen off the radar. DNS distributes domain names, websites, accounts, and smart contracts in Web3. It's the only way to access websites on the new decentralized Internet.

✅ A bit of history

At the end of June 2022, TON DNS was officially launched. A month later, its first auction opened with tremendous success. Then, the Telegram team joined in with its auction platform called "Fragment" for the usernames of its messaging system. Later, the network's validators voted to include the domain *t.me in the root smart contract of the blockchain.

✅Top things to know about TON DNS

🔽The blockchain DNS service sells *ton domains , and the Fragment auction platform sells *t.me domains. Both registers are linked to The Open Network.

🔽Names are considered NFTs, and NFTs can be sold or donated on marketplaces such as Getgems.io or Disintar.io. In other words, usernames do not lose value after acquisition; on the contrary, their price may gain value. Also, NFTs are certificates of ownership of the purchased domain.
🔽DNS is now selling first-level domains; as the TON and Web3 networks are deployed, their owners will be able to sell or lease subdomain names.

🔽You can transfer coins between wallets and payment services using just the nickname, without having to enter a long string of letters and numbers.

🔽TON DNS is also used for partial token issue burning.

At the moment, there is no real use of domain names on Web3 yet. But as the technology gets deployed, things will start to change.

What do you think should be done to accelerate mass adoption?

Your ever-improving @DeepTonEng

👛 Tonkeeper has been upgraded to version 2.8.0

Now, besides being a wallet, it’s becoming a browser of decentralized applications (dApps). Not everything is still connected, though. For example, sites on *.ton have yet to be supported. But you can already use Getgems with no problems.

The developers also added AED to its list of currencies and promised protection against scams and spam.

Yours truly, @DeepTonEng

🌐Awesome! TON Storage is about to be released this week!

This is the fourth main component of the TON blockchain, conceived by the Durov brothers, authors of the project. TON Storage is an essential provider of cheap and secure information storage in a decentralized network.

As reported by Russian TON, now every user can become a storage provider using their devices and even receive payment in Ton. Thus, Ton begins to work as a utility token, making decentralization a reality. This is exactly how the Ton blockchain was intended to develop.

There will be two types of files:
➡️ public — visible to everyone
➡️ encrypted — accessible only by the owner

"In the future, TON Storage may continue its integration, and Telegram will allow any user and third-party service to store data in a reliable distributed storage."

Yay, Community!🔥

Yours truly, @DeepTonEng

😎 The first installment of the Fragment saga has finished

...In which Fragment completed its sale of available numbers. Now you (most probably) won't be able to buy a random number. But on the other hand, numbers can still be purchased on the secondary NFT market, with a 30-50% markup — from 16 to 20 Ton. And some could be cheaper, as low as 5 Ton.

A total of 136,558 anonymous numbers have been sold.

After number auctions will have finished, we will be waiting for the second installment.

Yours truly, @DeepTonEng

💎Open Mask has released its Beta version 0.13.1

OpenMask has released a small but important update to correct the decimal value of jetton.

As you know, the TON network is available on Orbit Bridge, and the two blockchains can freely exchange valuable tokens. OpenMask has all the functions required for jettons, except one: automatic detection. Therefore, each jetton needs to be imported manually.

Jetton addresses can be found here.

Be patient, as the Orbit Bridge takes a long time to verify transactions from other blockchains. It can take up to 20 minutes, so it’s far from being instantaneous.

Yours truly, @DeepTonEng

⚙ TON Connect 2.0 has been launched

This is a significant event in the development of the blockchain ecosystem. We are talking about a powerful communication protocol between wallets and applications.

TON Connect 2.0 offers solutions for seamless integration. It enables services based on TON smart contracts and manages access to user assets and cryptographic keys. The protocol also considers all possible wallet⇔app interaction scenarios, allowing to add new functions without disrupting existing ones.

At the same time, the protocol does not complicate access to products, remaining an invisible, but important part of security. In addition, a wallet with TON Connect provides authentication. All user's actions in the wallet must be signed and approved by his wallet.

Applications supporting TON Connect

minter.ton.org, avanchange.com, tegro.finance, libermall.com, dedust.io, tonverifier.live, stikerface.io. mint.spiroverse.io/shop.

The protocol will likely become a standard soon, as other applications and wallets switch to it.

The team continues to strive for a convenient protocol integration. Currently, it is working on a user interface.

Your passionate @DeepTonEng

🔗 TON Verifier from the Orbs team

Introducing another product from Orbs: TON Verifier, an application for verifying source code on the TON network. Checking the source code provides transparency, assesses the integrity and security of smart contracts, and builds trust in the service. For users, trust is one of the key factors when using a product.

There is a growing number of products offering financial services in the TON ecosystem. Some of them may have been created for fraudulent purposes. Therefore, working on a contract without its source code may prove dangerous. Basically, you’re trusting dApps with your assets. Keep in mind that a scammy smart contract can replace code or leave a bug that puts your funds at risk.

That’s where TON Verifier comes in handy, providing code verification and authentication. Such a solution is not new, as a similar service is being provided by Etherscan for Ethereum. However, we wouldn’t want to be dependent on another network. Meanwhile, Orbs came up with TON TEP-91, which defines how an original registry with multiple verifiers will work.

In order to use this, there is no need to trust the server part of Orbs-run. Any party can set up its own verifier, put it in the verifier registry and assign it to a server.

The development team hopes that TON Verifier will become a fundamental part of smart contracts on TON.

Yours truly, @DeepTonEng

🙂A few words about hodlers and hamsters

Every crypto project has "hodlers" and "hamsters". It's a well-known fact: hodlers hoard coins, while hamsters want profits here and now. The former put faith in the project, and the latter are eager to make a couple of bucks "while everything still works".

If you thought this happens only on the financial side, you'd be surprised, as it also applies to the teams that develop products and services.

The hodler teams have a clear plan, strive towards a goal, and are guided by a strategy. Their services are high-quality, fine-tuned and designed for the long-run. Such teams are the project's custodians and its development mechanism. A golden goose, so to speak.

The same cannot be said about hamster teams. These teams have no clear plans, no thoughts about strategy, and their tactics are based on the moment. Instead of creating opportunities, they focus on current conditions. Their goal is to benefit themselves, not the project. The project may benefit, but not nearly as much as from the hodler teams. And when times get tough, they can easily run to another project.
___________________________
This is a rough generalization and the description has been absurdly simplified, but it helps to make a point. Which, by the way, is not to judge or accuse anyone. Quite the opposite...

Yours truly, @DeepTonEng

📃 More good news for TON

🦋 Crypto Bot introduced the ability to add a comment (memo) when withdrawing TON coins. Now users can send coins directly to exchanges.

👛 MyTonWallet is now officially listed on ton.org/wallets

👀 Deep TON is no longer part of the ton.app channels

🎙 Tomorrow, on December 28, OKX will bring back TON swaps

Yours truly, @DeepTonEng

💬 TON NFTs to be traded on WonderPlace

The WonderPlace NFT trading platform has officially started supporting NFTs from the TON network and four more blockchains, namely Solana, Polygon, Ethereum, and Binance Smart Chain.

Although WonderPlace is just starting its journey and is still in beta testing, it has great ambitions. Aside from NFT trading, it wants to promote aspiring artists to earn income from their creativity.

Its team is assembling a whole ecosystem of products, such as an application for NFT mining in the cloud, a sports NFT game and much more. WonderPlace will also have its own LaunchPad.

@DeepTonEng hopes that TON and WonderPlace will mutually benefit from their collaboration.

📃 TON News

📌 OpenMask was added to ton.org’s application catalog. It has recently conducted a poll to ask the community which one of its wallet features is most useful.

Crypto Bot can now deposit and withdraw USDT and USDC from Ethereum (ERC20) and BNB Smart Chain (BEP20). In addition, USDT is also available on the TRON Network (TRC20).

TON Diamond has launched a gift service - ton.gifts. Not all features are functional, but you can already pack your NFT gift into an animated box and send it out!

TON Chess is about to hold its first chess tournament on TON. The prize has been announced at 50 Ton. Find more details here.

Getgems NFT announced a contest for the hardest egg. You can buy these NFTs from 0.5 to 1 Ton. For more on how to buy eggs and take part in their destruction, see here.

Yours truly, @DeepTonEng🎄