TON Community

2022-01-28 16:01:09 ​How to earn passive income with Toncoin.

Today, we’re going to take a look at how Toncoin holders can earn a passive income by staking and farming.

Staking Toncoin.

Staking is a way to earn passive income where tokenholders secure their blockchains and receive rewards for doing so.

Staking on TON is available for validators, the network’s nodes that keep the blockchain online and running smoothly for which validators receive financial rewards.

However, in order to become a validator on TON, users must stake a rather large number of coins; therefore, only tokenholders who have a significant amount of Toncoin are eligible.

Meanwhile, the developers at TON have been working on the TON Nominators service, which will help users to participate in validating the network and receive rewards for their efforts.

The TON Nominators service is slated to launch at the end of Q1 2022.

Various developer teams from the TON community have been hard at work, developing staking pools that will allow holders of small amounts of Toncoin to participate in staking without a TON Nominators contract. This is yet another TON service we can’t wait to test out.

Participating in liquidity pools.

We’ve already posted an explainer about what liquidity pools are and why they’re important.

The decentralized exchanges Uniswap and PancakeSwap host some of the most active liquidity pools in the industry where users can add liquidity pairs into coin pools and receive income in the form of commission from other users’ transactions.

By adding liquidity to coin pools, Toncoin holders can earn a passive income, completely avoiding spending money on mining equipment or staking a large amount of Toncoin to become a validator.

Farming Toncoin.

Crypto farming is when a user invests in some kind of financial instrument with the goal of making profits.

Although it’s a similar endeavor to providing liquidity, there’s one difference: You receive an additional reward for providing liquidity assets in spot trading pairs.

Here’s an example:

After providing liquidity for the TONCOIN/USDT pool on the Biswap decentralized exchange, liquidity providers become eligible to participate in a staking pool from which users receive rewards in the form of Biswap’s native cryptocurrency, BSW.

Thus, while earning rewards from the liquidity pool, users also receive rewards from the staking pool.

There are other forms of farming, such as marketing farming, which is used to promote a cryptocurrency.

Similar to other cryptocurrency promotions and offerings, a crypto exchange, for example, announces when the farming of a certain coin will begin, inviting holders to participate in the event.

During this event, tokenholders send an amount of crypto to the exchange and receive rewards in exchange.

In this example, though, the event’s goal is solely to promote and attract attention to the new token and brings no advantage to the blockchain or the exchange.

We hope you’ve learned a bit more about the goings-on of the crypto world today.

This was a basic explanation of how to stake and farm Toncoin, but nevertheless, users ought to heed caution: All DeFi instruments for earning passive income always carry risks. Trade and invest with caution. Open / Comment

2022-01-27 14:45:00 ​ We’re hiring!

The TON Community is looking for a native English speaker Senior Moderator.

The position is for a native English speaker who has at least two years of experience in managing moderation in online crypto group chats, including recruiting and leading a team of junior moderators.

Click here for more details. Open / Comment

2022-01-26 03:00:10 ​Bit.com AMA with Andrew Rogozov.

Andrew Rogozov, the newest member of the TON Foundation, answered questions in an AMA hosted by Bit.com.

Andrew spent most of the session fielding important yet interesting questions that have been on everyone’s mind lately.

Today, we want to share with you the best moments of the AMA; however, if you’re interested in reading the entire dialogue, you can find the transcript here.

Andrew on the future of Toncoin:

— We believe that Toncoin will be the first cryptocurrency that will have access to the services of a wide market through convenient interfaces, such as Telegram with its large user base.

— The TON network is focused on developing and bringing out the best of Web3, including services such as TON Storage, TON Sites, and TON DNS.

— In 2022, the TON network will take the form of a global Web3 network with a wide range of diverse products and services, in which Toncoin will be integrated as the main means of payment and data storage.

...on how TON will penetrate larger markets:

— TON’s community is focused on providing solutions for the mass market in the form of easy-to-use products. We see blockchain as a technology used to meet the basic needs of people.

— We believe that we can capture a market share not only in the cryptocurrency market but also in other large markets, such as fund transfers, data storage, data access, intellectual rights preservation among others.

...on a potential integration with Telegram:

— We have many more integrations to launch in the first quarter, but we’re going to wait before revealing the details. All I can say is that our goal is to implement as many use cases as possible to reach the entire Telegram audience of over 600 million people. Open / Comment

2022-01-25 11:01:03 ​A statement from the TON Community welcoming Andrei Rogozov.

Andrei Rogozov, former CEO of VK.com, began his career at the company in 2007, working at Pavel Durov’s side. Recently, he’s been leading the product development of the social network.

During his tenure as CEO, Andrei developed an intimate understanding of how to work with developers and deliver results in a fast-paced environment.

Under Durov, Andrei quickly absorbed and shared Durov’s product vision and developed a similar obsession with perfectionism. Now that he’s going to be busy overseeing TON’s suite of products, we’re excited to see him work his magic for us this time.

Much to our delight, Andrei left VK with a team of world-class developers in tow. Together, they are sure to accelerate the development process of products that are slated for an upcoming launch. We believe that with the addition of Andrei and his VK cohorts, the TON platform will become a robust ecosystem, boasting infrastructure for a plethora of game-changing products.

The TON Community couldn’t be more pleased that Andrei Rogozov has joined the TON Foundation. Welcome aboard! Open / Comment

2022-01-24 22:15:48 ​The first TON-based NFTs are coming to the network.

We’re pleased to announce that an official TON-based NFT platform where users will be able to buy and sell nonfungible tokens is in the works.

The NFT marketplace is still in its early stages of development, so boasting about a rich catalog of products will have to be put on hold — but it will have its day. Although waiting for its launch is unbearable, we’re more than happy to shed some light on other quality projects in the interim.

One of these projects is TON Diamonds, a team of NFT pioneers on The Open Network that has created 10,000 unique, animated nonfungible tokens.

Currently, there are no TON Diamonds available for sale; however, once the TON-based NFT marketplace launches, users might have an opportunity to get their hands on those coveted NFT Diamonds — that’s if their owners choose to sell them.

Once the NFT marketplace launches, the TON Diamonds team will invest half of its sale commissions in the development of products and services in the TON ecosystem.

What’s more, TON Diamonds and the team at Tonkeeper have agreed on an integration that will let users store their NFTs directly in the app.

TON Diamonds will be publishing more information and updates about this new partnership in its official Telegram channel shortly: https://t.me/tondiamonds. Open / Comment

2022-01-24 16:01:04 ​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 Jan. 16 to 22 grew from 178,678 to 191,657 (+7.2%).

News:

— The former CEO of VK.com, Andrei Rogozov, joined the TON project.

— The number of people who have started following Toncoin on CoinMarketCap reached 100,000.

— Crypto exchanges Biswap and Bit.com listed Toncoin.

— The TON Foundation announced a hackathon for blockchain developers.

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

2022-01-24 10:01:28 100,000 users follow Toncoin on CoinMarketCap.

In as little as two months, the number of people following Toncoin on CoinMarketCap has grown 10 times. Toncoin’s growing popularity is becoming harder to ignore.

We’re grateful to everyone who’s added Toncoin to “Favorites” on either CoinMarketCap or CoinGecko.

It might seem like a small gesture, but supporting Toncoin on third-party services will go a long way in helping TON’s development. Open / Comment

2022-01-23 17:35:04 Our $1.5-million Toncoin New Year airdrop event is closed.

From Jan. 7 to 14, TON blockchain users were able to receive 0.5 Toncoin during our New Year airdrop event.

We’re happy to announce that we’ve sent Toncoin to all eligible users. Please check your wallets to ensure you’ve received yours.

Below are the simple steps participants had to complete:

1. Add Toncoin to “Favorites” on CoinMarketCap.
2. Follow TON’s Twitter page and retweet this post.
3. Create a crypto wallet with the @Wallet Telegram bot.
4. Send your entry to @Toncoin_eng_bot in Telegram.
5. Receive 0.5 Toncoin in your @Wallet.

Thank you to everyone who participated in the airdrop. Open / Comment

2022-01-23 15:12:02 TON x Bit.com

Andrew Rogozov, a founding member of the TON Foundation, joins the Bit.com community to answer all of its questions. Tune in for more information @bitcom_exchange. Open / Comment

2022-01-21 14:20:03 ​VK.com former CEO Andrei Rogozov has joined the TON blockchain project.

Andrei Rogozov, former head of social media platform VK.com, is joining the team at the TON Foundation and will oversee product development, all of which he shared in an interview with crypto news outlet CoinDesk.

Andrei was one of the first employees of the social network and began his career in 2007 under the tutelage of Pavel Durov.

After Durov departed from VK.com, Andrei became the company’s head of product and operational management, later becoming CEO.

In 2021, he was named vice president of VK (previously Mail.ru Group) and, currently, is in charge of the social network’s consulting committee. Additionally, Andrei manages experimental projects in the social network industry and other services with social mechanics.

Andrei will continue working at VK, but in a diminished role, serving as an advisor.

The community welcomes Andrei and is proud to have such an experienced individual in the industry onboard. We wish him all the best and can’t wait to see how his influence on future projects will unfold. Open / Comment