Just one night, a market cap of #TON has increased from $9.94 billion to $13.1 billion, and the community is eagerly awaiting $TON to break the ATH $5.89 peak this year. Before delving into prominent projects on TON, it's important to understand the long-term potential of TON.
A. The impressive aspects of $TON
1. The nature of TON
- Toncoin (TON) is a decentralized layer-1 blockchain that was developed in 2018 by the encrypted messaging platform the blue app (T). The project was later abandoned, taken over by the TON Foundation, and renamed "The Open Network."
- Since 2020, the technology has been further developed by a non-commercial group of supporters and an independent community of enthusiasts known as the TON Foundation. Toncoin, previously known as Gram, serves as the native cryptocurrency of the TON network.
- The original idea was to integrate TON into a user-friendly application that allows users to buy, send, and store funds. Clients pay transaction fees and use TON for settlements or transaction validation. Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability. The platform aims to provide fast, transparent, and secure payment services with minimal fees and third-party applications.
2. Fundraising rounds đ€
- $TON recently raised an additional $8 million from Mirana Ventures in early March 2024. The total raised amount has reached $24 million, and the valuation remains undisclosed due to continuous fundraising since the 2021 uptrend.
- Notably, each fundraising round is undisclosed, with only one venture capitalist participating in each round.
- $TON is perhaps one of the most unusual assets in the crypto space in terms of scale, historical background, fundraising, backers, market cap, and price volatility. It does not have a maximum supply.
- Prominent backers since 2021 include: Runa Capital - $6 million (2021), DWF Labs - $10 million (2022), Mask, MEXC, Kucoin, Animoca Brands - TBD (2023), and most recently, Mirana - $8 million.
3. Behind TON is the blue app (T)
- The current valuation of Blue App (T) has reached $30 billion, and a lesser-known fact is that T is a private company that has not yet gone public (IPO).
- (T) has recently reached 900 million users, and the founder is considering the next step, potentially taking (T) public through an IPO.
- These factors provide enough grounds for the "sell the news" effect of (T), which ultimately propels $TON to new heights.
B. Top 4 Projects that are noteworthy
1. DeFinder Capital ($DFC)
M.Cap: $85.2M, current price at $3.21
The number one community in TON ecosystem, to create a synergy effect within it through popularization and filling missing niches, services and products. On top of the TON blockchain the team launched the DFC token, which will socially connect all participants in this crypto sector into something more integral.
Several TON & market services are already created to demonstrate our capabilities and approach, as well as to continue recruiting and training the community.
$DFC is the basis for uniting people through the DAO, the connecting link in these processes. The final goal is to become within TON network the same major player with related ecosystem services as Binance once became for the entire crypto market and led it to new heights, uniting previously disparate members of the crypto community.
2. TonUP ($UP)
Market Cap: $76.91M, current price $0.77.
TonUP is a launchpad on TON. It is created to address the asset gap in TON and provide a supportive environment so new projects can take off successfully.
The technical structure of TON, employing a low-level FunC programming language and progressive sharding technology, provides TonUP with a significant edge. TON's success is evident, with over 3M active wallet addresses and a thriving ecosystem.
3. JetTon Game ($JETTON)
M.Cap: 33.48, current price at 2.25
JetTonGames is a unique cross-platform solution built on the TheOpenNetwork technologies. Native gaming token JETTON Full-fledged utility token integrated into the gaming platform;
NFT affiliate program Users can get NFT for each player they attracted. Those NFTs generate profit and can be sold on Jetton marketplace.
4. NOTcoin ($NOT)
Not yet listed on any exchange but everything is very promising.
The timing is ripe, launching Notcoin $NOT during the craziest wave when $BTC jumps thousands of dollars in a week and dumps $10,000 in a day.
Combining several factors đ„
Users transitioning from Web2 to the crypto world mostly came through blue app (T)
Games on (T) are flourishing, particularly idle games, casual games, lazy games, gambling, etc. The exception is Tap Fantasy, which moved directly from another blockchain to (T) and became a game on TON.
The latest is the CoinMarketCap's Crypto Awards.
đ Previously many said, "What's the point of listing this Notcoin?" because there were no memes and the games were not really games, it was probably just a slight spark because it's made by Ton.
Pre-market already caused this "shitty" valuation to drop somewhere, and now the lowest bidding price is calculated at 10M $NOT = 9.3 $TON.
Along with this timing, apart from $NOT attracting over 27 million additional users to participate in mining, a series of memes like $FISH x15, $REDO x14 on TON pushed to new highs.
Durov (Founder of Blue app (T)) also recently added the Business option, expanding its organizational scale, company, etc., and of course, still "using" TON for direct payments.
-> The story of $TON will continue and may begin with Notcoin $NOT.
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In conclusion, there will be a strong growth phase for the entire ecosystem. Here are the areas of focus on TON in the next 2 months:
- #DeFi (with a focus on social payment)
- Gamification (...)
- #GameFi (Casual Games): Simple, not a platform.
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