Long

The Open Network (TON) & Telegram

Updated

The Open Network price today is $1.6 with a 24 hour trading volume of 10 million dollar. TON price is up 11% in the last 24 hours

Toncoin is a decentralized layer1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network". The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the PoS consensus model for network scalability and reliability.

Telegram users can now buy and sell short recognizable usernames for personal accounts, public groups and channels on fragment website and using TONcoin for doing payments

If you got it at 1$ like me its time to take some profits

1.7 , 1.9 and 2.1 are next targets

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we hit the first target ✅

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Telegram is Planning to Build a Crypto Exchange and Non-custodial Wallets

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we hit the second target too ✅

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we hit all targets ✅

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next targets 2.3 and 2.5

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we hit 2.3 ✅

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we hit all targets again ✅

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TON validators are set to vote next month on suspending 195 inactive addresses on the blockchain, which hold a total of 1.08 billion toncoin, worth nearly $2.5 billion.

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still hold the bull trend

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Trade closed: target reached

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Telegram has integrated The Open Network-based self-custodial crypto wallet - TON Space, which will be accessible via Telegram settings. Telegram Wallet users already have access to TON Space. Beginning in November, all global Telegram users will be able to access the self-custodial wallet — excluding the U.S. and some other countries.

The TON Space wallet now serves as a new infrastructure layer for the ecosystem. As part of its launch, Telegram will also give priority access for TON projects and partners to its global advertising platform.

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cheers 🥂

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what a comeback

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bulls hold the 1.94$ line

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important moments for Ton
if bulls lose 1.9 then we back to 1.7$

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In March, the Telegram advertising platform will be officially open to all advertisers in nearly 100 countries. Channel owners will receive 50% of the share. Payment will use the TON blockchain, and advertising will be sold through Toncoin and revenue will be shared with channel owners.

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Binance Futures will launch the USDⓈ-M TON Perpetual Contract at 2024-03-01 12:30 (UTC), with up to 50x leverage, but no spot is currently listed. TON is an L1 blockchain powered by Telegram

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TON Foundation [TON] launches 120M community rewards initiative

TON Foundation has launched the first round of The Open League, a Toncoin community rewards initiative. The Open League will distribute 30M (worth around 123M at the current rate) to competing projects and TON ecosystem users starting April 1st. Funds will be distributed via a performance-based competition, simple token mining mechanisms, airdrops and quests, and liquidity pool boosts.

TON Foundation has already distributed 650k to users via liquidity pool boosts as part of the pilot, with projects winning the pilot competition on March 31st set to share 550k TON. Current price is $4.1. Current market cap is 14.3B. Current FDV is 21B.

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400%

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Yolo invests 8M into the TON ecosystem to support The Open Network

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Toncoin has started pre-sales for a Web3 smartphone and announced plans for 2024.

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ppl pay for Telegram Premium and Durov pump his "Tonzi"

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TON Foundation has allocated more than 11 million Toncoin to reward early adopters of USDT on TON.5 million Toncoin to Wallet-in-Telegram’s USDt Earn. 5 million Toncoin in boosts for Liquidity Pools across TON’s 2 largest DEXs Ston .fi and DeDust.
1.2 million Toncoin in free withdrawals across TON’s major Centralized Exchange partners

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Pantera Capital founder Dan Morehead said TON is the largest investment Pantera has ever made, but did not disclose the specific amount, nor the discounted price for purchasing TON tokens. Pantera had earlier said it would raise up to $250 million to purchase discounted SOL from FTX.

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TON TVL continues to grow to ~690m

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TON Applications Chain aka TAC, backed by The Open Platform, an investor focused on the TON blockchain ecosystem, builds a new layer-2 network for the TON Blockchain ecosystem. The new network will utilize Polygon’s Chain Development Kit and will enable EVM-based decentralized applications to TON’s ecosystem.

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Telegram CEO Pavel Durov announced plans to support blockchain. This month it will introduce a mini app store and an in-app browser with support for Web3-pages, and will also step up our efforts to fight the crypto scammers. It will also allow organizations to use their mini apps to issue labels for channels, creating a decentralized marketplace for third-party verification.

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Telegram has launched an in-app browser and a mini-app store that supports decentralized Web3 pages

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Binance will list Toincoin | TON and open trading for the following spot trading pairs at 2024-08-08 10:00 UTC

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Two former TON Foundation members, Ian Wittkopp and Inal Kardan, have launched the TON Ventures fund. A for-profit venture capital firm will invest in startups building on The Open Network. Although the founders declined to name the fund's investors, they are stated to be mainly individual private investors who want to support the long-term growth of the TON ecosystem. TON Blockchain has been recently listed on Binance and launched on Binance Launchpool.

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French police also conducting searches at Telegram founder Durov's properties

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Elon Musk posted several posts in support of Pavel Durov, the founder of Telegram who was arrested in France, including mentioning the importance of the First Amendment of the United States (which guarantees freedom of speech), mocking "it’s 2030 in Europe and you’re being executed for liking a meme", and mentioning the news that Pavel Durov could face up to 20 years in prison

what do you think?

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Tonscan data shows that the Ton network has not generated any blocks for nearly 3 hours, and the latest block was generated at 06:11:46 UTC+8. Bybit announced that due to network instability, Bybit has suspended all deposits and withdrawals through the Toncoin (TON) network.

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Telegram founder Pavel Durov was released from police custody in France on Wednesday and transferred to court for questioning ahead of a possible indictment, prosecutors told CNN. The Paris prosecutor’s office said he would now face “initial questioning and possible indictment” at a court in the French capital.

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Telegram financial statement shows it holds $400 million in crypto

Telegram posted an operating loss of $108 million during the year ended Dec. 31, 2023, while generating $342.5 million in revenue. According to a Financial Times report, about 40% of Telegram’s revenues came from digital asset-related activities under the categories “integrated wallet” and “sale of collectibles.”

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TON Foundation and Curve Finance will incubate a new TON-based stable swap project. Leveraging Curve’s advanced CFMM technology, the project aims to simplify stablecoin swaps, enhance user experience, and minimize price impact. Michael Egorov, founder of Curve, will be the advisor.

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The top five tokens on the TON chain are TON, USDT, CATI, NOT, DOGS, with 19.39 million, 1.54 million, 1.09 million, 2.86 million, and 5 million addresses on the chain. In comparison, Ethereum's top Memecoin PEPE has only 280k addresses on the chain, which shows the huge number of users on the TON

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Telegram on Monday made significant changes to its privacy terms. The app will now share information such as a user's IP address and phone number with judicial authorities in cases of potential criminal conduct. The changes come after Telegram CEO Pavel Durov's arrest in France last month

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Telegram Wallet will suspend the in-app wallet function for UK residents until it registers with the UK Financial Conduct Authority as a crypto asset provider and obtains relevant licenses. Users can transfer funds to external wallets for free during this period.

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Telegram CEO Du Rove announced that Telegram will launch a "Gift" feature where gift recipients can choose to display it on their profile or sell it in exchange for "Stars". Some gifts will be in limited supply, and Telegram will support converting these gifts into TON-based NFTs later this year.

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OKX Ventures, The Open Platform, and Folius Ventures announced a partnership to launch the $10 million Telegram Growth Hub, focusing on three key areas: user onboarding and education tools, trading capabilities and networks, and mini-app ecosystem expansion

moonypto

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