Ton Post

🪙Bitget and Foresight invest $30 million in TON The cryptocurrency exchange Bitget and Foresight Ventures have announced a $30 million strategic investment into The Open Network (TON). The goal of this investment is to support projects on the popular messaging app Telegram, particularly games with a "tap-to-earn" revenue model. Games like Hamster Kombat and Notcoin have attracted millions of users in recent months with their token-earning opportunities. The investment will be made through buying of TON tokens, according to the companies' statement. This would deepen Bitget and Foresight's involvement in the governance and development of the TON blockchain. TON-based projects demonstrate significant potential for mass adoption through the Telegram ecosystem, which has expanded its offerings for Web3 startups in recent years.

"The growth of the TON ecosystem represents the most significant opportunity for growth in the cryptocurrency market this year," said Forrest Li, Chairman of The Block and Co-founder and CEO of Foresight Ventures.

Previously, TON has benefitted from the following investments: - $10 million from DFW Labs - $10 million from Cypher Capital - Animoca Brands - Hashkey Group - $300 million from Pantera Capital, and others These moves by major funds and market players show that the potential of TON in synergy with Telegram is being increasingly recognized, marking a truly historic time. Your strategic @TonPost

🪙New TON Mintless Jetton Technology TON developers introduced an innovative token standard extension called Mintless Jettons. This extension enables decentralized airdrops without the need for traditional issuance processes. Mintless Jettons are a new type of token on the TON blockchain that allow for mass decentralized airdrops to millions of users without significant costs or blockchain load. What problems does the new standard address? - Traditional issuance processes can be labor-intensive and costly when distributing to a large number of users - By using Merkle trees, Mintless Jettons store only one hash representing all distributed amounts, reducing storage requirements - Users can immediately use their tokens: send, trade, etc., without preliminary steps like withdrawals or applications. It just works! How about on-chain protocols? Mintless Jettons are still supported in on-chain protocols. Since Mintless Jettons are an extension of standard Jettons, no additional steps are required. You can interact with them the same way as you would with USDT, NOT, Scale, or STON. For developers, Mintless Jettons open up new opportunities for large-scale and cost-effective token distributions. This makes it easy to integrate new loyalty and reward programs into their applications. For users, this means more convenient interaction with tokens without unnecessary delays and additional steps, though we must be aware of potential spam and flood distributions, for which a separate containment mechanism should be developed. → Описание → Standard → Smart Contract Your mintless @TonPost

💵1 billion USDt has been issued on the TON network! Tether has authorized an additional $300 million USDT on TON. Now its total issuance exceeds 1 billion USDT, placing TON in 4th place for USDT circulation among other blockchains. However, there is still a long way to go. For comparison, the Ethereum blockchain boasts 53 billion USDT, while Tron has reached 61 billion USDT. With the rapid development of DeFi on TON, along with other favorable conditions, we are sure that TON will indeed outpace others in the future! → USDT issuance by blockchains Your emissive @TonPost

⭐️TON is now trading on Revolut Revolut, a leading international fintech platform, has expanded its cryptocurrency portfolio by adding TON. This feature will reach over 45 million users of the app, providing them with new opportunities for investment and trading. As of right now, Revolut users in the United Kingdom and European Union countries can start trading TON. However, this is just the beginning: in the near future, the platform will bring this feature to users in Australia, New Zealand, Brazil, and Singapore. We also expect it to become available for business accounts in the UK and EEA countries. To start trading TON, go to the "Crypto" section on the Revolut platform. This recent rise in accessibility and liquidity will undoubtedly attract new investors and users to the ecosystem, on top of expanding TON's visibility. Your convenient @TonPost

🚕In Singapore, you can pay for taxis with TON TADA, a popular taxi booking service operating in Southeast Asian countries, is expanding its capabilities. The company has introduced a new Telegram mini-app allowing users to book rides directly in the messenger and pay with Toncoin through Tonkeeper. This solution provides users with the ability to make fast and secure transactions, leveraging the benefits of the TON blockchain. As a result, passengers can enjoy a more convenient and efficient payment method, while TADA gains an innovative edge in the competitive transport services market. Your efficient @TonPost

🪙HOT Wallet x The Open Network The devs from HOT Wallet, a non-custodial multi-chain wallet on Telegram, have announced an upcoming partnership with TON blockchain. Recently, their app has undergone several notable improvements: - Upgraded core wallet functionalities - Swaps through the STON.fi platform - Integration with TON Connect, for access to all dApps in the TON ecosystem - Support for TON NFTs in partnership with GetGems - Educational initiatives on the blockchain The company's upcoming plans include: - Support for staking TON through Tonstakers - Exchange of Stars for TON and vice versa - Cross-chain bridge to TON from other networks - Development and integration of TON dApps on HOT Wallet HOT Wallet plans to seamlessly integrate its 21 million wallet users into the TON blockchain, as well as to attract more Telegram users into HOT Wallet. Your partner @TonPost

🩵TON Foundation commits $24 million for DeFi Development The TON Foundation has added another $24 million in TON for their DeFi incentive program. This brings the total value of the program to date to over $75 million. The TON Foundation initially launched this program in April to foster user engagement with decentralized finance (DeFi) applications on the TON platform. At the launch, the program offered 11 million Toncoin as incentives, which is now worth nearly $53 million. The additional 5 million TON allocated today is to reward liquidity providers in pools on STONfi and DeDust - two of the largest automated market maker (AMM) DeFi protocols operating on the TON blockchain. Your DeFi @TonPost

😘Pavel Durov thanks you for the love and support! Last month, Pavel was interrogated by the police for four days after his arrival in Paris. He was told that he might be personally liable for the illegal use of Telegram by others because French authorities had not received responses from Telegram. This came as a suprise to Pavel for several reasons: 1. Telegram has an official representative in the EU who handles and responds to official requests. Their email address is publicly available to anyone searching Google for “Telegram EU address for law enforcement.” 2. French authorities had numerous ways to contact him for assistance. As a French citizen, he was a frequent visitor to the French consulate in Dubai. Some time ago, he personally helped set up a hotline with Telegram to combat the threat of terrorism in France. 3. If a country is dissatisfied with a specific internet resource, the common practice is to take legal action against the organization itself. Using pre-smartphone laws to accuse a CEO of crimes committed by third parties on his platform is a flawed approach. To create new technology is challenging enough. No innovator would create new tools knowing they will be held personally liable for their potential misuse. Finding the right balance between privacy and security is a complicated issue. It requires aligning privacy laws with the demands of law enforcement and regional laws with EU laws. Technological limitations also come into play. As a platform, the objective is to have consistent processes worldwide while ensuring they are not abused in countries with weak legal systems. We strive to engage with regulators to find the right balance. Yes, we stand by our principles. This includes protecting our users in authoritarian regimes. But we are always open to dialogue. Sometimes, Telegram cannot reach an agreement with a country's regulating authority on the right balance between privacy and security. In such cases, leaving that country becomes an option. This has been done many times. When Russia demanded encryption keys for surveillance, Telegram refused, and was then blocked in Russia. When Iran demanded blocking of peaceful protesters' channels and got refused, Telegram got blocked in Iran.

"We are prepared to exit markets that are incompatible with our principles because we are not driven by money. We are driven by the intention to do good and protect people's fundamental rights, especially in places where these rights are violated," says Pavel Durov."

This does not mean Telegram is perfect. The fact that authorities were confused about where to send requests could be addressed and improved.

"Claims by some media that Telegram is some sort of anarchy paradise are absolutely false. We delete millions of harmful posts and channels every day. We publish daily transparency reports (like this one and this one). We have direct hotlines with NGOs for expedited processing of urgent moderation requests.".

However, Telegram hears those who claim this is not enough. The sharp increase in Telegram users to 950 million has created growth challenges, making it easier for criminals to abuse our platform. Therefore, Pavel has personally set to ensure significant improvements in this area. His team has already started some reforms within the company, and soon Durov will share more detailed information about their progress.

"I hope that the events of August will lead to Telegram, and the social media industry as a whole, becoming safer and stronger. Once again, thank you for your love and memes".

Your grateful @TonPost

🪙TON Listed on UzNEX Toncoin has started trading in Uzbekistan, according to a press release by the local crypto exchange UzNEX. Today, UzNEX launched its updated Platform 2.0 along with TON listing. The platform offers a total of 15 coins for trading, including Bitcoin. Next week, deposits and withdrawals in TON should be available. Earlier, at the end of June, Kazakhstan's financial market regulator approved TON for licensed trading, coinciding with a visit to the country by Telegram founder Pavel Durov. Pavel Durov visited several Central Asian countries this summer, such as Kyrgyzstan and Uzbekistan, to explore how locals use Telegram and why. He discovered that more than half of the population of Kyrgyzstan uses the messenger monthly. The French magazine Paris Match reports, citing credible sources, that the court has divided Pavel Durov's bail of five million euros as follows: one million must be paid immediately, and the remaining four million are to be paid in five monthly installments. One source mentioned that Telegram's office "never received a notice of Durov's search." However, there was a search warrant, not an arrest warrant for the CEO. The current events actually highlight Pavel Durov’s importance as a tech innovator and influential figure in the crypto industry. His trips across Central Asia, including visits to Kyrgyzstan and Uzbekistan, reflect his ambition to understand and meet the digital needs of local users. At the same time, the financial and legal troubles related to his arrest demonstrate the challenges faced by leading entrepreneurs internationally. This creates a complex situation where success and challenges are closely intertwined. But we are confident that everything will turn out well! #FREEDUROV 🆓🐶 https://t.me/tgresistancebot/letter Your motivational @TonPost

🤪The TON blockchain has reached an impressive milestone of 1 billion transactions Remarkably, half of this volume has been made the last three months, showing the rapid gain in activity and popularity of the platform. This highlights the significant role that TON plays in the future development of the blockchain ecosystem. Anatoly Makosov stated that according to TON API data, the transaction volume has already surpassed 1.3 billion transactions. Your impressive @TonPost