TON Roadmap For 2024

At the WEB3 FESTIVAL in Hong Kong, the TON Foundation shared the development roadmap for TON for the year 2024:

• Gasless Transactions: Introduction of commission-free transactions to simplify operations.
• Wallet v5: Enhanced security features and user interface.
• TON Teleport: Seamless asset transfer across blockchains.

Additionally, the following innovations, which will also soon appear in TON, were listed on the website:

• Stablecoin Toolkit: Tools for creating stablecoins, increasing economic stability.
• Collator and Validator Separation: Optimization of transaction processing and network management by separating roles.
• Sharding Guides: Improving network performance through sharding.
• Elector Update: Modernization of the management and configuration system of the network.
• ETH, BNB, BTC Bridge: Bridges for asset exchange between leading blockchains and TON, expanding user capabilities.
• Fisherman and Voting UI for Wallets: Innovations to enhance network security and community participation in governance.
• Multisig 2.0 and TON Smart Contract Interface: Updates to improve security and simplify smart contract usage.
• TON Browser: A specialized browser for accessing dApps in the TON ecosystem.

Stablecoin on the TON network

At the Token2049 crypto conference happening on April 19-20 in Dubai, Pavel Durov will be joined by Tether's CEO, Paolo Ardoino.

Tether is the creator of the stablecoin USDT. The community anticipates that their joint presentation will focus on integrating a stablecoin into Telegram via @wallet.

Back in November, Rogozov, CEO of The Open Platform, showcased Wallet's plans for global implementation, timing which aligns perfectly with the second quarter of 2024.

Additionally, the TON Foundation has repeatedly mentioned developing a new stablecoin and recently held a contest with a $100,000 prize for those who could find vulnerabilities in the token's smart contract.

Over the last two days, following this announcement, the price of TON has risen by about 30%.

Strategic Partnership between TON Foundation and HashKey

TON Foundation begins a strategic partnership with the leading Asian group, HashKey Group, specializing in financial services in the digital currency sector.

The goal of the partnership is to improve access to fiat currency deposit and withdrawal services for Telegram Wallet users in the Asia-Pacific region, as well as to support TON projects at an early stage.

On Monday, HashKey Group launched the cryptocurrency exchange HashKey Global, where transactions with Toncoin can be conducted right now.

According to Livio Weng, the Chief Operating Officer of HashKey Group:

By optimizing the use of fiat money, we aim to make cryptocurrency an integral part of daily life, promoting accessibility and innovation in the TON ecosystem.

Changes in Monetization Terms

The terms of the ad revenue sharing platform have been updated regarding the withdrawal of funds. Channel owners are now required to withdraw their earned funds from their accounts in a timely manner. Any accumulated funds left in the platform's accounts may be canceled at the discretion of Telegram. There is no information available about the timeframe within which the tokens must be withdrawn.

#aboutAds

Reduction of Transaction Fees in the TON Network

The TON Foundation has announced a reduction in transaction fees within the network. The initiatives to reduce fees are intended to stimulate a greater number of transactions and support the growth of the TON ecosystem, reinforcing its position in the Web3 sphere.

The following changes are proposed:
• Reduce fees for Jetton-with-Governance transactions: the first transaction will cost 0.02 TON (~$0.14), subsequent ones will be 0.0145 TON (~$0.10).
• Plan to reduce overall transaction fees by threefold: the first transaction will cost ~$0.06, subsequent transactions will cost ~$0.04.

The vote on these changes will take place on April 18 at 9:00 UTC, as reported by @WeTON.

CryptoRank provided the top 10 projects for TVL on TON

The list is formed according to the volume of assets blocked on the platform. The total TVL is approaching $450 million.

t.me/CryptoRankNews/10083

TON Hints at a Big Announcement

The official channel TON Community has written about the fact that at the crypto conference, Pavel Durov will present a product that will be useful for Telegram users.

Together with this, the CEO of Tether, Paolo Ardoino, announced the upcoming release of a project to tokenization of USDT-backed assets.

Let us remind you that tomorrow, at 3:20 PM GMT+4, the Telegram and Tether CEOs will speak at the TOKEN2049 conference in Dubai.

TON Network For USDT

Today, the official news channel @wallet will introduce new ways to transfer cryptocurrency.

As easy as sending a message.

The blurred picture from the website has already shown up on the ton.org. Most likely, it's a USDT transfer.

Users have already started to notice how @wallet has a TON network for USDT.

Tether Released 10 Million USDT on the TON Network

This means that TON users will soon be able to use stablecoin for fast and inexpensive transfers.

11 Million Toncoin for Early USDT Adopters on TON

Tether has launched USDT on Telegram, powered by the TON blockchain. To celebrate, there's a massive 11 million Toncoin incentive program for early adopters:

• 5 million Toncoin: Earn rewards by simply holding USDT in your Telegram wallet.
• 5 million Toncoin: Provide liquidity on TON's DEXs and get a share of the rewards.
• 1.2 million Toncoin: Enjoy free withdrawals from participating exchanges.

Read more: blog.ton.org/usdt-comes-to-ton-embrace-the-true-peer-to-peer-experience#11-million-toncoin-in

One Billion USDT on TON

TON Foundation President Steve Yun has announced an additional USDT issuance on the TON blockchain.

Next stop: 1B USDt on TON by TON Gateway in November.

Vulnerability in TON withdrawal with platform advertising

In the smart contract responsible for withdrawing funds accumulated from displaying advertisements, a user discovered a drain bug that allowed them to obtain tokens without any limits and withdraw them to an exchange almost immediately.

A drain bug is a vulnerability in a smart contract that allows an attacker to drain the contract of its funds. This is typically achieved by calling a function within the contract that improperly checks the contract's balance or the caller's permissions.

The owner of one wallet made 55 withdrawals of 256 TON each (totaling $82,000), and approximately $150,000 was withdrawn in total. As a result, the exchange rate dropped by 10 percent—from $6 to $5.45.

Currently, the withdrawal of rewards has been suspended.

Protecting Wallet Assets with Biometrics

@wallet users can now set up a passcode for secure funds transfer. Assets will be protected by encryption and local storage of the code.

To set up the code, you need to open the Wallet settings and select the "Passcode" option. We recommend specifying an email for code recovery.

Activating Touch ID or Face ID will simplify access to protected assets.

The @tginfo editorial team wrote about the possibility of protecting a mini-application with biometrics back in early March.

$600K Giveaway for Active NFT Traders on Getgems, xRare, and TON Diamonds

The TON Foundation has announced an airdrop worth $600,000 in Toncoin (TON) for the most active traders and holders of NFTs on the Getgems, xRare, and TON Diamonds marketplaces. The snapshot was taken on April 23 at 11:00 AM Moscow time.

Participants earned points for various activity metrics, such as the number of collections traded, the number of transactions, and trading volume. The reward amount varied from 40 to 70 TON depending on the points earned.

The Open League has also announced a calendar of future airdrops, where hints about upcoming giveaways will appear.

100 million USDT on the TON network

Within two weeks, the circulating supply of USDt-TON reached the 100 million mark, becoming the fastest-growing USDT launch in history.

TON leads in growth of non-empty wallets among top cryptocurrencies

Over the past six months, the number of non-empty wallets among top cryptocurrencies has increased significantly. The growth leader is Toncoin ($TON) with +110%, followed by Dogecoin ($DOGE) with +27% and Tether ($USDT) with +23% growth. Ethereum and Bitcoin showed an increase of +11% and +10%, respectively.

$SWITCH is being mined by over a million users

The DeFi exchange PocketFi, accessible via a Mini App, recently reached the milestone of 1 million users.

Details of the tokenomics for the native token $SWITCH have been published on the exchange's website. According to the information, once 2 million users are reached, the mining speed of the token will be halved.

It is also reported that the mining of $SWITCH will conclude in the fourth quarter of 2024. Details of the promotion for mining free tokens are available through a link.

If you wish to support the editorial team: t.me/pocketfi_bot/Mining?startapp=207737178

@pocketfi_bot

Notcoin Listing and the Opportunity to Mine Tokens Before It Begins

The official account of the crypto exchange Bybit announced on their Twitter account a listing scheduled for May 16 at 12:00 UTC.

On May 13 at 6:00 PM UTC, the OKX exchange will start a Jumpstart for the token.

Jumpstart is the mining of a token through short-term asset investment. In this case, you contribute an amount for 3 days and receive $NOT along with the invested assets.

1,283,990,271 $NOT, or 1.25% of all tokens, will be distributed.

To participate, you need to register on the exchange and complete the verification process.

TON & Pantera

Venture fund Pantera Capital has made its largest investment in company history, selecting the TON project for this purpose. The details of the amount remain undisclosed, but for comparison, the fund previously Invested over $250 million into Solana.

Additionally, the head of Pantera Capital had lunch with Pavel Durov and was impressed by his convictions and vision.

This collaboration is expected to open new perspectives for both parties.

Distribution of 555,555 Povel Durev tokens for completing simple tasks

To participate, you need to:

– Enter BroBot Contests
– Solve Bro captcha daily
– Connect TON wallet
– Subscribe to channels
– Complete tasks

The number of tokens received will vary depending on the number of tasks completed and caps passed.

If the number of participants who complete the tasks exceeds the number of prizes, winners will be determined randomly, but those with the most tickets will have a higher chance. More details on the channel: t.me/brobot/101