Introduction:

The Open Netwotk (TON) was originally named Telegram Open Network. It was created by the Telegram team in 2018. After being accused by the SEC of unregistered securities issuance during the ICO era, the Telegram team paid a fine to reach a settlement and abandoned the project, which was continued to be developed and operated by the community TON Foundation. Although it has been separated from Telegram in name, the actual connection between the two is still direct. TON has always been the only public chain officially supported by Telegram and continues to be deeply integrated with Telegram. TON will continue to benefit from Telegram's huge user base and traffic entrance. Telegram will build a decentralized digital ecosystem with freedom and privacy by supporting TON.

Telegram has attracted many users around the world by adhering to the principles of freedom of speech and privacy protection. It has more than 1.3 billion registered users and nearly 900 million monthly active users (MAU). At the same time, Telegram has great advantages in acquiring Web3 users. Thanks to the relaxed speech atmosphere and regulatory environment, almost all Web 3.0/Crypto projects operate communities on Telegram. Telegram users are concentrated in Asia, Europe, South America and the Middle East. They have obvious retail characteristics and strong demand for peer-to-peer payments, making them an ideal group to be converted to Web3.

TON Ecosystem Introduction:

TON is the native utility token. The TON ecosystem consists of the following key components:

1️⃣ TON DNS: Provide human-readable names for accounts and dApps to simplify user interaction processes.

2️⃣ TON Storage: Provides decentralized file storage, improving the persistence and efficient retrieval capabilities of data storage.

3️⃣ TON Proxy: Protect user privacy and security by hiding user IP addresses and supporting encrypted connections.

4️⃣ TON Payments: Toncoin payment system that supports transactions within the network, covering a variety of payment scenarios and microtransactions.

5️⃣ TON Space: Seamless integration with Telegram, providing users with blockchain wallet functionality easily accessible within the messaging platform.

The core components of the network include:

· TON Payments is a lightning network in which payment channels can be opened between any two parties, transactions are recorded on the blockchain until the channel is closed, and the resulting international payments are recorded as one transaction, thereby speeding up payment times.

· The TON Nominator service allows Toncoin holders to lend their assets to validator nodes and ensures through smart contracts that the Toncoin earned by validators is distributed to those who lend their assets to the validators.

· Another component is TON DNS, which allows accounts, smart contracts, service nodes, and network nodes to purchase human-readable domain names.

· Finally, TON Storage enables users to store files on the TON blockchain.

Ecological Projects:

1. Notcoin is also a project in the TON ecosystem. With its unique click-to-mine model, it has attracted a large number of users in a short period of time.

User Growth: Notcoin successfully attracted 20 million users within 26 days of its launch, demonstrating its strong market appeal.

How to participate: Notcoin’s main attraction is its gamified click mining operation, where users earn tokens by clicking on the screen on Telegram.

2.DOGS is a meme project based on the TON ecosystem. Since its launch, it has quickly gained user attention through its simple and easy-to-use participation method and viral spread.

User growth: In just one month, DOGS surpassed 16 million subscribers on Telegram.

Participation method: DOGS mainly provides users with an operation interface through a Telegram robot, and users can easily obtain DOGS token airdrops. Its barrier-free participation method has attracted a large number of Web2 users.

In general, DOGS's market strategy focuses on emotion-driven and community resonance, attracting a large number of Web2 users who are not familiar with cryptocurrencies through a relaxed and interesting atmosphere, and rapidly expanding the user base with a simple and low-threshold participation method. Notcoin, on the other hand, focuses more on robust long-term user cultivation and ecosystem construction, improving user stickiness and expanding market influence through innovative mining models and deep integration with Telegram.

Token Economics:

Token Name: Toncoin

Current Total Supply: 5,110,422,426

Max Supply: ∞

Current Circulating Supply: 2,518,269,894

Market capitalization: $17.1 billion

FDV: $34.75 billion

Launchpool start date: August 15, 2024

Launchpool Amount: 7,650,000

BNB pool quota: 6,502,500

FDUSD pool quota: 1,147,500

BN Luanchpool Information:

Binance’s Super Earn Coin has launched a Toncoin (TON) regular product, offering a limited-time special annualized rate of return.

Event time:
14:00, 16 August 2024 to 07:40, 23 August 2024 (GMT+8) or until sold out.

Subscription details:

  • Each user can purchase up to 50 TON.

  • The subscription method is first come first served.

  • The first phase of TON Super Earning Coins was sold out within minutes, and Binance added a new subscription limit of 2,129,167 TON.

  • The product cycle is 20 days, with an annualized rate of return of up to 300% and a daily interest rate of 0.82%.

Summarize:

The development of TON chain in the blockchain ecosystem has both opportunities and challenges. Despite significant progress in infrastructure and number of projects, the TON chain still faces obvious shortcomings in user stickiness, profitability, and ecological diversity. Low user engagement, lack of stable income, and opacity of off-chain operations make it difficult to attract long-term investors.

The types of projects in the TON ecosystem are single, mainly concentrated in the GameFi field with a short life cycle and uncertain returns. The core reasons for these problems are the incompatibility between the TON chain and EVM and the complexity of the programming language, which increases development costs and prolongs the development cycle, limiting the diversity and innovation of the ecosystem.

To solve these problems, TON Chain plans to launch Layer-2 TVM compatible with EVM to simplify the development process and attract Ethereum developers. At the same time, developers should pay more attention to infrastructure construction, improve technical level and development environment to enhance the overall competitiveness and attractiveness of TON Chain.