📖 Weekly #glossary: simplifying crypto terms

Like traditional assets, cryptocurrencies follow two major trends - bullish and bearish. To keep you informed, we've prepared another edition of #glossary

Bull market — a period when digital asset prices start to rise. Many newcomers enter the market, demand grows, and prices increase. The bull market is considered favorable for buying cryptocurrency.

Bear market — the opposite of a bull market. Declining prices and demand for digital assets characterize the bear market (also called “crypto winter”). During a bear market, many users exchange cryptocurrency for stablecoins.

Markets operate in cycles, with a bear cycle always followed by a bull cycle. Given that Bitcoin recently reached its All-Time High, and TON has come close, we are definitely in a bull cycle 📈

💎 Wallet update: scan QR code when sending crypto

Wallet's main screen has been updated — added a QR code scanner icon, alongside a settings gear. Now, you can effortlessly scan the recipient's QR code for cryptocurrency transfers. Wallet automatically fills in the required address, making transactions smoother than ever.

Additionally, the main screen of TON Space now features its own scanner for transfers and app authorization within the TON ecosystem. Plus, accessing settings for both TON Space and Wallet is now as simple as tapping the gear icon on the main screen ⚙️

💎 Wallet’s March #digest

We’ve gathered all major updates and news items in our monthly digest, sharing the most important highlights of March with you:

Token filtering and hiding. We've added token filtering and hiding to TON Space. Assets can now be collapsed, and tokens with a zero balance are automatically hidden.

Connected apps. TON Space settings now display a complete list of apps (dApps) connected to your wallet, allowing you to revoke unnecessary ones if necessary.

One-tap access to Wallet. Android users can add a Wallet icon directly to the home screen or app menu. Try it now!

Transaction History and TON Connect redesign. The transaction history in TON Space has become more detailed, and the confirmation screen is now more informative. All transactions are conveniently grouped and easily tracked.

Crypto glossary. We select a few useful terms each week and explain them clearly and easily. You can find all releases by searching for the hashtag #glossary. Recommended for those who are new to our platform.

Free USDt transfers. All Wallet users can now send dollars (USDt) instantly and without fees to contacts in Telegram.

This was made possible by integrating USDt into The Open Network, announced by Telegram CEO Pavel Durov, TOP & Wallet CEO Andrew Rogozov, and Tether CEO Paolo Ardoino at the TOKEN2049 conference in Dubai 🍾

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Free USDt withdrawals. To celebrate the launch of USDt-TON, all USDt withdrawals to external TON wallets will be free until the end of June! 🤑

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Wallet Earn. Wallet is allocating $30 million worth of Toncoin to a bonus program for USDt holders.

Participants can earn a 50% APY on their balances. The campaign starts next week, stay tuned! 😎

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Passcode. Starting next week, you'll be able enhance the security of your assets by setting a Passcode in Wallet. It will be required to approve transactions. The Passcode is securely encrypted and locally stored on your device. Support for Face ID and Touch ID is coming soon! *⃣

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Token and NFT transfers in Telegram. Wallet users can now send tokens and digital collectibles (NFTs) from TON Space directly to their contacts.

You can transfer any token on TON Blockchain without needing to enter an address — simply select a contact, and TON Space handles the rest 💻

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*⃣ Passcode in Wallet

You can now better protect your digital assets by setting up a passcode. This code will be required to approve any transaction in Wallet. It adds an additional layer of protection in case your Telegram account is at risk.

To create a passcode, navigate to the Wallet settings section and select "Passcode & Face ID" Choose a 4-character code and enter your email address for passcode recovery. For additional security, iOS users can enable Touch ID or Face ID. This feature will soon be available for Android users as well!

Something big is coming soon.
But it's probably nothing 💎

💎 100 Million USDt on TON

USDt-TON has reached $100 million in issued and circulating USDt in just two weeks, making it the fastest-growing USDt launch in Tether's history!

You can now send USDt to your contacts on Telegram for free, with transfers happening instantly. USDt can also be used to participate in the Wallet Earn program, which offers 50% APY for the first two weeks: Learn more

If you don't have USDt yet, you can buy it on our P2P Market. Check out our guide on how to easily buy or sell cryptocurrency on Telegram 💱

🎨 Wallet in Telegram announces first contest for designers

Prize fund: Up to $30,000 in Toncoin
Deadline: May 19th at 23:59 Dubai time
Who can participate: Everyone

The Task: Participants are invited to reimagine the Wallet in Telegram main screen for iOS and Android. Your concept should maintain simplicity and align with Telegram's guidelines and aesthetics on the respective platforms.

Details: Can be found here

The grand prize is $5,000 (to be paid in Toncoin), and the winner may have the opportunity to join the Wallet design team or The Open Platform team.