TON Community

2022-04-16 21:00:03 Presenting the TON Jobs community

The TON Foundation has launched a new Telegram channel, TON Jobs, where projects on The Open Network can post job vacancies.

We recommend developers and all who wish to help develop the TON ecosystem subscribe to the @tonhunt channel. Open / Comment

2022-04-16 16:45:00 ​The TON Smart Challenge has drawn to a close.

Indeed, you remember that on March 28 in the TON ecosystem, the TON Smart Challenge kicked off, a big contest for blockchain developers.

Yesterday, April 15, the competition ended, but today, we’re going to share the results with you.

The TON Smart Challenge had 180 specialists as participants, 125 of whom split the prize fund of 22,022 Toncoin worth $44,000 at the time of writing.

The largest prizes won were among the top three winners:

1st place: 4,000 Toncoin (≈$8,000)
2nd place: 2,000 Toncoin (≈$4,000)
3rd place: 1,500 Toncoin (≈$3,000)

Congratulations to the top finalists, and thank you to all the participants!

We’d also like technical specialists to follow updates on the @toncontests channel.

Soon, the channel will announce a brand new FunC competition, the winners of which will get a chance at becoming part of the TON Foundation team.

You can find more TON Smart Challenge details and a complete list of the finalists on the competition’s website: https://ton.org/contest Open / Comment

2022-04-15 19:00:09 Telegram bots and what they mean for The Open Network

A short time ago, Telegram started testing bots, a service that allows the messaging platform to create and launch full applications.

What does this mean for TON?

A large fraction of services and apps based on TON are connected with Telegram one way or another.

So, if the functionality of bots allows users to make payments in Toncoin, it will provide a solid boost for the TON blockchain’s native token and significantly increase its recognition among Telegram’s 600 million active users.

Android users can learn more about using bots in demo mode on the @DurgerKingBot channel, a food delivery service. Open / Comment

2022-04-14 22:45:00 ​The different ways to use Toncoin

For this post, we’ve assembled a list of all the instruments through which you can use your Toncoin.

It’s important to note that neither the TON Foundation nor the TON community has any connection to the instruments listed below. We have yet to assess these services thoroughly; therefore, you’ll have to do your own research before making any financial decisions.

Participating in Toncoin staking pools

We’ve already written more details about this form of usage in this post.

In short, staking pools are a way to use crypto whereby you provide your tokens to a network’s validator, and when the time comes, they give you a cut of their profits from the validation process.

Currently, there is only one active staking pool in the TON ecosystem that operates via a smart contract:

— The TonWhales staking pool

There are also centralized staking pools on the network, but they’re less safe than decentralized ones.

Pay close attention to and be wary of projects that promise unrealistically high profits. The income of validators on The Open Network is in the neighborhood of 13% APY, so if a staking pool organizer offers a higher APY, it’s worth asking some tough questions about how this pool plans on providing such a rate.

Farming Toncoin

Farming is another way to earn a passive income whereby liquidity pool providers receive additional income.

You can participate in farming Toncoin on the following platforms:

— Biswap.org for the TONCOIN-USDT pair.
— YoBit.net for the TONCOIN-BTC pair.
— Nomiswap.io for the TONCOIN-USDC pair.

If you’re interested in farming, check out this guide on Toncoin farming for the Biswap DEX. The steps in the guide are universal, and the process is the same on other platforms.

Perpetual swaps

This form of Toncoin usage is more suitable for experienced and advanced users — and we recommend beginners avoid this investment tool.

You can trade Toncoin in the form of perpetual swaps on crypto exchanges OKX, FTX, and Gate.io.

Remember that any crypto investment carries inherent risk. Open / Comment

2022-04-12 18:15:00 ​Cameroon, the Democratic Republic of Congo (DRC), and the Republic of Congo have announced a partnership with the TON blockchain — Forbes reports.

The countries will run large-scale blockchain-adoption campaigns, with The Open Network at the helm.

As you know, hundreds of millions of people around the world are excluded from the global financial system. A perfect example is the DRC because, in 2019, over 40 million citizens had internet access, but only 12.4 million had a bank account.

This is a testament to the amazing potential of decentralized technologies. Therefore, we hope that, by using the TON blockchain, many people around the world will be able to gain access to financial instruments and the economy itself.

The TON Foundation team will be playing a key role in facilitating the transition of these three countries to a new economic era in which crypto will be a foundational pillar.

The DRC has been considering issuing a TON-based national stablecoin, as reported by the country’s minister of digital economy.

Official comments from the countries’ representatives, along with other details of future cooperation, may be found in an extensive article published by Forbes.

We’re excited to see TON evolve into a global product that’s making a difference in the lives of millions. Open / Comment

2022-04-11 20:21:33 ​The official channel of @tonsociety from the TON Foundation has announced the launch of the ecosystem’s first fund, TONcoin Fund, whose $250 million will help with finances, incubation, and grants for TON-based projects.

TON Society has announced that a long list of prominent crypto investors, including Huobi Incubator, KuCoin Ventures, MEXC Pioneer Fund, 3Commas Capital, Orbs, TON Miners, and Kilo Fund, has invested $250 million in The Open Network for the first ecosystem fund supported by the TON Foundation.

Money from the TONcoin Fund will be used for incubating projects, issuing grants, hosting hackathons, and creating educational material for the community.

The fund has a wide range of sectors in which it wants to invest, including NFTs, DeFi, marketplaces, and crypto wallets. Benjamin Rameau, founder of Jenny Metaverse DAO and a former top manager at Binance, will be leading the fund alongside well-known crypto enthusiasts.

To learn more about TONcoin Fund, you can read this press release published on Cointelegraph.

We encourage our subscribers to join TON Society’s Telegram channel to stay updated on events connected with the fund’s investment activities, incubators, and grant programs in the TON ecosystem. Open / Comment

2022-04-10 19:00:16 TON Community Weekly Digest

Here’s a roundup of the ecosystem’s most exciting news from the past seven days.

Network stats update:

— The number of new wallets created on TON from April 3 to April 9 grew from 384,109 to 397,515 (+3.5%).

News:

— The Q1 2022 report was released.

— We published material about the importance of a TON DeFi standard.

— The Givemeton Telegram launched the first software-as-a-service in the TON ecosystem for NFT creators.

— NFT project TON Diamonds released a guide on deploying NFTs and an open-source script for creators of NFT collections.

Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing! Open / Comment

2022-04-09 17:30:01 TON ecosystem update

The TON Foundation has been hard at work creating a fair and decentralized process for ecosystem participants. Incubation Partners should be supported at earlier stages via grants, technical advisory, and marketing and distribution efforts. The TON Foundation is a nonprofit organization and thus focuses on grants and technical advisory. Therefore, we value expansion efforts by various participants, including crowdfunding launchpads and independent co-ops.

Meanwhile, the TON Foundation has listened and taken note of the developer and builder community voicing the concern that these groups alone do not offer a wide variety of pathways for incubation. Here are some scenarios:

— The project’s team is well-established in the blockchain industry, and there are in-house developers actively advancing TON design knowledge and occasionally engaging with the core team.

In this case, the team is advanced enough and seeks to incubate its own projects and identify potential projects via its network. Thus, joining a co-op or submitting its idea(s) to a launchpad that is managed by another team will not fulfill its larger-scale plan to contribute to the ecosystem. Furthermore, the TON Foundation has to incentivize these teams to realize their potential such as bringing on strategic partners — e.g., venture arms of major exchanges — which is possible by equipping the team with the right tools, such as an official title.

— The team has expertise and experience in incubating talent pools rather than building projects and wants to work with officially vetted Incubation Partners by running hackathons, developing training programs, and adding to the developer stack.

In this case, the team seeks opportunities to identify and work with Incubation Partners in the ecosystem that have gone through preliminary diligence. As they do not seek to build standalone products, there are no submission ideals for a centralized launchpad. Also, matching boards by co-ops that do not screen for Incubation Partner qualifications could be inefficient.

Therefore, the TON Foundation will officially recognize a new channel (details to follow) as a collective for Incubation Partners and Ecosystem Funds. The new channel will accompany a website that will have developer forums, blogs, and more.

What are the designations?

— Incubation Partner: Established teams with a vision to help the TON ecosystem grow and prosper through building and incubating projects, bringing strategic partners, or running educational programs.

— Ecosystem Fund: A fund comprising one or more of the Incubation Partners to incubate and invest in emerging projects. Funds are incentivized to prioritize ecosystem growth, as they will hold reserves in Toncoin for incubation purposes.

The TON Foundation will provide grants to the Ecosystem Fund and project-level grants that will result from the incubation’s efforts. In addition, technical advisory and opportunities to shape the upcoming standards can be available. In the coming days, we will follow up with how teams can apply for the competitive program and the official society channel and website where this will be available. For independent developers or smaller teams, submitting projects via ton.org or the Ecosystem Fund-specific webpage will provide the opportunity to be connected to the right teams (based on product-team fit).

Ecosystem Fund launch

The first TON Ecosystem Fund will be announced during the launch party on April 11 at Terrasse de l’Alcazar in Paris. For those in the area, tickets to the launch party are available here.

Stay tuned for more exciting news! Open / Comment

2022-04-08 19:00:18 News for NFT creators

— Telegram channel Givemeton has unveiled its software-as-a-service Monster Bot that NFT creators can use to automate pre-sales, auctions, lotteries, and airdrops.

— NFT project TON Diamonds has developed a guide on deploying NFTs and an open-source script so you can list your NFTs on the mainnet.

The guide is available here:
https://github.com/tondiamonds/ton-nft-deployer/ Open / Comment

2022-04-08 17:00:17 ​Why do we need TON explorers?

At the beginning of March, we published another round of rules for digital safety, which every user should follow.

Today, however, we’d like to expand on these rules for staying safe in the cyber realm by telling you about blockchain explorers.

A blockchain explorer is an instrument that monitors all transactions from every block on a given network.

By using an explorer, you can analyze any address on TON; you can learn its balance, the number of incoming and outgoing transactions, the amount of crypto sent and received, etc.

How can this tool be useful?

Every active participant in the community needs to learn how to analyze wallets and make conclusions.

Let’s say you’ve found a staking pool that promises high returns. Before sending your tokens to the pool’s wallet, it’s worth inspecting the pool’s wallet address with an explorer and paying close attention to the following areas:

— How long has the wallet been active?
— What’s its balance?
— Is there high traffic of incoming transactions?
— How often does Toncoin get sent from different addresses? Once per minute on average? Or once per day?
— What kind of amounts does the wallet manage?

If you see that the address was created a short time ago, the number of deposits is small, and the frequency of Toncoin transactions is low, there’s a strong possibility that you’re looking at the wallet address of scammers.

Therefore, wallets of large and established staking pools, like TON Nominator Staking from the team at TonWhales, have Toncoin turnover of significant sums, and you’ll most likely see that the majority of transactions are incoming.

Here’s another example.

For instance, you want to obtain an NFT from a collection based on The Open Network.

Perhaps, the creators of an NFT project claim to have sold over 1,000 tokens during their pre-sale, raking in 100,000 Toncoin in total or 100 Toncoin per NFT.

In this example, you’d best analyze the project’s wallet where funds are said to have been transferred.

Pay attention to when the crypto was transferred to the given address and in what quantities.

If the dates of the pre-sale correspond with a large number of transactions of 100 Toncoin and the total sum has reached 100,000 Toncoin, you can safely conclude that the owners of this collection have no interest in trying to scam people (at least during this round). By extension, you could also conclude that the collection is riding a wave of popularity.

Conversely, if you see a small number of deposits, the conclusion should be obvious: The collection is unpopular, and its owners are attempting to deceive you.

It’s worth mentioning that the number of transactions itself by no means corroborates a project’s good nature or proves that it’s well-intentioned. However, it may be a better indicator of popularity and honesty from the project’s developers.

The above method of analysis is not universal.

In the following example, if you want to deposit Toncoin to your @cryptobot or @wallet address, the aforementioned principles may be confusing because these Telegram services create a new wallet address for every user.

By analyzing this kind of address with an explorer, you’ll see that there are no incoming transactions. But there’s nothing to worry about in this case because this is the nature of a newly created wallet address that only a single person has just started to use.

Conclusion:

We strongly recommend all TON blockchain users check recipients’ addresses before sending crypto.

Although an explorer cannot identify the intentions of a wallet’s owner, conducting an analysis of the address will help you make a more prudent decision if you’re considering interacting with a specific wallet.

Popular explorers:

— TonScan.
— Whales Explorer.
— TonPage.
— Ton SH.

To analyze a wallet address, copy it and paste it into the search field.

You can find a complete list of TON explorers on the official website of The Open Network:
https://ton.app/explorers. Open / Comment