High TON Ecosystem Initiatives
The TON ecosystem is dwelling to DeFi tasks like DeDust, STON.fi and Tonstakers, GameFi tap-to-earn tasks like NotCoin and Hamster Kombat, together with meme coin neighborhood tasks like Resistance Canine (REDO), TON FISH, and Resistance Woman (REGI)
Key Takeaways
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The Open Community (TON) is a decentralized community constructed for scalability and adaptability, and boasts intensive integration with Telegram, the favored messaging software.
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The TON community and its ecosystem have seen exponential progress in 2024, rising in ranks amongst prime blockchain networks when it comes to consumer rely, community income, and different community actions. It is usually one of many busiest blockchain networks with over 6 million each day transactions.
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Initiatives within the TON ecosystem vary from DeFi, GameFi to neighborhood tasks like meme cash, every contributing considerably to the expansion of community exercise.
The Open Community (TON) was initially often known as the Telegram Open Community, and affords customers intensive integration with the favored messaging software. Via Telegram mini-apps, customers can handle TON belongings and even farm tokens in tap-to-earn video games. TON thrives on its agile cost-effective community with reported quick transaction finality and transaction fees as low as 0.037 TON for a wise contract transaction.
Over the previous few months, TON has loved vital progress basically community exercise and different metrics associated to the mission’s adoption. Based on knowledge from DefiLlama, TON is the eleventh largest chain by TVL, with the curiosity within the chain taking off within the final quarter.
Based on TonStat, the mission’s official community statistics platform, about 42 million wallets have been created on the community; over 90% of those wallets have been created within the first half of 2024, and an estimated 387K wallets work together with the community each day.
With the intention to develop the TON ecosystem, the TON Basis has launched grants to help groups in growing merchandise throughout Telegram Mini Apps (social web3), DeFi, GameFi, and extra. Thus far, the muse has distributed $1.4 million to over 110 tasks. There may be additionally the TON Open League, a long-term incentive program for TON customers, builders, and merchants. Customers can mine tokens by means of tap-to-earn apps or earn rewards for offering liquidity, whereas tasks can participate in Token Battles for a share of the prize pool – the pool for Season 5 (ending August 7) is $1,150,000 in TON.
Now, let’s check out a number of the tasks throughout the TON ecosystem. This record is just not exhaustive, and you could find extra TON ecosystem projects here.
DeFi Initiatives on TON
Based mostly on knowledge from TON, the blockchain boasts over $757 million in DeFi TVL, together with each day buying and selling quantity of $33.7 million. Listed below are some DeFi tasks on TON together with DEXs and liquid staking tasks.
DeDust – Largest DEX on TON
Launched on the TON mainnet in November 2022, DeDust is a decentralized change on the TON community. As an AMM dex, Dedust is designed to serve commerce requests utilizing belongings dedicated to designated liquidity pools. Dedust is the largest decentralized software on the TON ecosystem with a reported TVL of almost $379 million on the time of writing, in line with knowledge from DefiLlama.
Along with decentralized asset swaps, DeDust additionally runs a bridging facility that allows customers to maneuver their belongings between TON and different supported networks. Different utility options on the platform embrace a decentralized portfolio tracker that retains a report of belongings held in customers’ wallets. DeDust additionally affords passive earnings alternatives by means of single-side staking applications and liquidity supplier incentives. Relying on the asset(s) for which they supply liquidity, customers can get pleasure from as much as 150% APR within the liquidity farming program.
DeDust is powered by SCALE, its native token. SCALE serves primarily as an incentive token, the place single-side staking program for SCALE affords a 26% APR on the time of writing. According to DeDust, it helps the staking program through the use of the protocol’s income to purchase again SCALE and distribute it to stakers; this income consists of the 0.4% price charged for swap transactions. The preliminary provide of SCALE is 21 million tokens; of those, 20.5% of this provide has been burned, 20% is reserved for the mission staff, and 25% is devoted to the ecosystem’s progress. SCALE will be traded on Dedust, STON.fi, and BingX.
STON.fi: AMM DEX With Direct Integration With TON Wallets
STON.fi can also be a permissionless AMM-powered decentralized change on the TON ecosystem. Since its launch in 2022, STON.fi has grown to grow to be the second largest DeFi protocol on TON after DeDust, with DefiLlama reporting a TVL of over $305 million at time of writing and TonStat reporting a median of $2 million in each day buying and selling quantity.
STON.fi’s decentralized swap facility permits TON community customers to change their TON cash and jettons with different belongings listed on the platform. STON.fi is built-in natively into TON wallets like Tonkeeper to allow straightforward swaps. It additionally permits anybody to create a liquidity pool for brand spanking new and current tokens to allow buying and selling.
STON.fi additionally supplies cross-chain swap companies. This permits customers to swap belongings throughout completely different networks with out utilizing bridges. For example, a consumer will be capable to swap USDT on TON to USDT on the TRON community. Based on STON.fi, transactions on the platform are ‘virtually’ free. Decentralized swaps attract a 0.3% fee, which is distributed between liquidity suppliers and the protocol. STON.fi affords passive earnings alternatives by means of liquidity farming applications and single-side staking for its native STON token. APR on the liquidity farming program is as much as 83% relying on the asset for which the consumer offered liquidity.
STON.fi is powered by STON, a deflationary token. STON doubles as an incentive and governance token. It’s utilized in promotional applications similar to liquidity mining and different reward-based ventures. STON stakers additionally make up the STON.fi DAO, the place DAO members resolve on the mission’s improvement by voting on enchancment proposals. STON operates a multi-token financial system with two further tokens distributed as staking rewards for STON holders.
Holders who stake their STON tokens obtain GEMSTON and ARKENSTON. ARKENSTON offers the holder voting rights whereas GEMSTON is used to incentivize energetic participation within the protocol. The whole provide of STON is 100 million, which is break up between the mission staff (14%), DAO treasury (20%), advertising and marketing (10%), mission operations (10%) and different project-related ventures. STON presently trades on STON.fi and Bitmart change.
Tonstakers: Liquid Staking on TON
Tonstakers is an open-source decentralized liquid staking platform on the TON community. It’s the main staking protocol on the TON community (based mostly on TVL) on the time of writing. Tonstakers allow TON holders to stake their cash on the native consensus staking facility in change for a liquid staking spinoff token, which lets them re-use their belongings on supported DeFi platforms whereas incomes their staking rewards.
Tonstakers affords over 3% APR in liquid staked TON on the time of writing. Based on data from the platform, over 71,000 TON holders have liquid-staked their belongings utilizing the platform, with over $260 million in whole worth locked.
Stakers on Tonstakers obtain tsTON – the liquid staking spinoff of TON on the platform. tsTON is a yield-bearing token, which accrues rewards over time in line with the presiding APY so holders can exit this system with extra TON than they staked initially. tsTON will be exchanged for different belongings or used on supported platforms for operations like lending, staking, and offering liquidity.
The minimal quantity of TON that may be staked on Tonstakers is 1 TON, and staking rewards are distributed each 18 hours. There are not any time locks on staked belongings, subsequently, customers are capable of enter and exit the staking pool at will.
Based on Tonstakers, the protocol is safe and auditable by particular person auditors as it’s open supply. Moreover, inside audits have been carried out on the protocol’s contracts and likewise an audit by Certik as reported on the platform.
Faucet-to-Earn Video games
Tap-to-earn video games are play-to-earn video games with gamified click-based actions. Gamers earn factors by tapping on their display screen, which can translate to a share of a future crypto airdrop. Attributable to Telegram’s help for cryptocurrencies and the TON blockchain, tap-to-earn video games have a ready-made viewers and provide straightforward deployment for builders. Faucet-to-earn video games additionally get pleasure from help from the TON basis, with TON Open League sharing a listing of tap-to-earn video games with free tokens.
Some tap-to-earn video games within the TON ecosystem embrace;
Notcoin – Pioneer Clicker Sport on TON
Notcoin was first launched in November 2023 and rapidly grew to prominence. It welcomed its first 650,000 customers within the first week of launch and grew right into a viral mission inside 4 months of launch. In January 2024, the mission gained over 5 million customers. It subsequently earned the help of the TON basis and have become a significant participant within the TON ecosystem earlier than preliminary TGE and change listings.
In Could 2024, Notcoin was listed formally on a number of centralized exchanges, after distributing over 80 billion tokens to customers and launching at over $900 million market cap. It has since grown to a report excessive of $2.8 billion in market cap.
On the time of writing, Notcoin has over 40 million users and is famed for onboarding a number of tens of millions of customers to the TON community and Telegram. Notcoin rewards gamers for performing duties, which principally includes gamified display screen clicker quests and a scoring system. Players may enhance their earnings by referring associates to the sport, logging into the appliance commonly, and becoming a member of squads. Gamers initially obtained shares, which have been transformed to Notcoin in the course of the token era occasion.
Notcoin has additionally progressed previous its preliminary launch program and is engaged on initiatives that help the expansion of decentralized video games and utility purposes on the TON community. On July 5, 2024, it introduced the general public launch of Explore, a characteristic that rewards customers on the TON community for contributing to tasks within the ecosystem. Mission homeowners may record their tasks on the platform to achieve publicity by means of incentivized social actions.
Hamster Kombat – Faucet-to-Earn recreation on TON
Hamster Kombat is considered one of TON’s hottest tap-to-earn video games, driving the wave created by Notcoin. Hamster Kombat has grown in recognition since launching on the TON community on March 25 2024, with a big neighborhood, together with tens of millions of social media followers and over 50 million subscribers on Telegram as introduced by the mission.
Hamster Kombat is a traditional tap-to-earn recreation, simply onboarding new customers on account of its simplicity. Hamster Kombat options display screen clicker duties that reward customers with factors and leaderboard rankings. The gameplay includes repeatedly tapping on the Hamster and incomes factors, though the Hamster’s vitality depletes as gamers faucet.
Gamers progress from regular Hamsters to a Hamster CEO of a digital centralized change. Gamers may enhance their earnings by inviting their associates, performing social actions, and utilizing booster options like each day combos and in-game upgrades. Hamster Kombat’s gameplay additionally includes the usage of NFTs, the place gamers can commerce their Hamster characters’ NFTs on {the marketplace}.
Like Notcoin, Hamster Kombat has onboarded new customers to each the Telegram chat app and the TON community. The sport has reportedly netted 239 million customers in 81 days, and a minimum of 3 new million customers each day. Hamster Kombat additionally teased its TGE occasion for the second half of 2024; in line with the mission’s roadmap, that is set for July 2024. On July 8, 2024, Bybit Exchange announced support for the Hamster Kombat token on its pre-market buying and selling platform.
Meme Cash on TON
Group-based tasks are additionally thriving on the TON community, with instruments like TON’s Memelandia that simplify the creation of community-based tasks on the community, providing customers straightforward token minters and buying and selling platforms.
Sticker-inspired meme cash are a type of meme coins that’s distinctive to the TON community, as seen in REDO and REGI.
Notable meme coin tasks on TON embrace;
Resistance Canine (REDO) – A Tribute to Telegram and Pavel Durov’s Battle In opposition to On-line Censorship
Resistance Dog was launched on January 9, 2024, by an nameless developer. The mission references the stance of Telegram and TON blockchain’s founder Pavel Durov on on-line censorship. Its major model merchandise is a cartoon picture of a canine in a hood – Resistance Canine – and the image of digital resistance.
Like different meme cash, REDO thrives on neighborhood actions and advertising and marketing methods powered by group efforts and common contributions by social media KOLs. The REDO neighborhood hopes to create a neighborhood united by the thought of digital resistance and centered on empowering a bunch of people that imagine in the opportunity of a balanced society and the web as a degree playground.
In their own words,
“$REDO has created a holistic neighborhood – one which unapologetically voices its opinions whereas borrowing from Pavel Durov’s imaginative and prescient to overthrow the regime, with the assistance of memes. $REDO is meant to show that decentralization, memes, and decensorship can propel a neighborhood on TON – THE OPEN NETWORK to succeed in new heights, just like flagship tokens on different blockchains.”
The whole provide of REDO is 100 million; the mission kicked off through a fair launch and is run by the REDO neighborhood. REDO will be traded on decentralized exchanges on TON (STON.fi and Dedust) it is usually listed on centralized exchanges like Lbank and CoinEX.
TON Fish (FISH) – TON-Based mostly Meme Coin and NFT Ecosystem
TON FISH manufacturers itself as the primary non-foundation social meme coin within the TON ecosystem. It goals to create publicity and onboard new customers to the TON ecosystem. TON FISH is a multi-project ecosystem powered by the FISH meme coin. Like different meme coin tasks, FISH is marketed by the TON FISH neighborhood and branded with fish-themed imagery and puns. The TON Fish ecosystem additionally homes a handful of different tasks. These tasks embrace:
TON FISH BOX – an NFT assortment that includes 9,999 photographs of fish and TON branded containers. TON FISH BOX trades at a ground worth of three.9 TON on the time of writing. Based on TON FISH, it’s the first NFT with a perform for upgrades.
Deleted Ghost Club (DGC) Boxes – an NFT assortment of 99 photographs of cartoon ghost and fish-branded containers buying and selling at a ground worth of 107 TON on the time of writing.
TON Rock – Considered the primary on-chain rock created on the TON blockchain. It’s an NFT assortment of 2023 graphic photographs of rocks. It trades at a ground worth of 490 TON on the time of writing.
The TON FISH staff can also be engaged on releasing TON Pet, a mini tap-to-earn recreation on the TON Blockchain.
The FISH meme coin will be traded on decentralized exchanges on the TON blockchain and centralized exchanges like Bitget and XT.COM.
Resistance Woman (REGI): Tribute to Resistance Woman Telegram Sticker Pack
Winner of the token class for season 4 of the TON Open League, Resistance Girl (REGI) is a meme coin that pays homage to the favored Resistance Woman Telegram sticker pack. REGI takes a leaf from the Resistance Canine meme coin and shares the identical ideology. It makes use of the Resistance Woman as a illustration of opposition to on-line censorship. REGI was launched in a good launch on March 14, 2024, with a complete provide of 100 million.
REGI will be traded on decentralized exchanges on the TON blockchain.
Last Ideas
TON’s relationship with the Telegram messaging software helps to drive its publicity to the latter’s viewers, and with a simple onboarding course of, together with wallets that provide entry to TON from throughout the messaging software, it’s straightforward for Telegram customers to get began exploring the TON blockchain.
The TON Basis’s give attention to constructing a robust ecosystem is one other main issue, with grants and the TON Open League providing incentives to purposes on the blockchain. TON is dwelling to viral tasks like tap-to-earn video games, interesting to each crypto-natives and mainstream customers. Over the course of the article, we’ve checked out quite a lot of tasks within the TON ecosystem. Nevertheless, this record is just not exhaustive, and is simply meant to function an introduction to the TON ecosystem and the varieties of tasks inside.
All the time do your personal analysis earlier than investing money and time in any blockchain mission, and keep in mind that cryptocurrencies (particularly meme cash) are unstable. Lastly, notice that this text is just for informational functions and shouldn’t be taken as monetary and funding recommendation.
