Gate.io invests $10M in TON blockchain

Cryptocurrency exchange Gate.io has announced a $10 million strategic investment in The Open Network (TON) blockchain.

Key points:
• The investment aims to strengthen collaboration with TON Foundation and accelerate the growth of Telegram-based projects.
• Gate.io plans to increase its involvement in the governance and development of the TON blockchain.
• The company will launch new products: an official CeFi-driven mini-app and Gate Wallet within Telegram.
• Gate Group is participating in the TON Society's Hackers League hackathon with a prize pool of up to $2 million.
• TON-based projects show great potential for mass adoption through the Telegram ecosystem.

100 million wallets on TON network

The number of wallets on the TON network, including smart contracts and application wallets, has reached 100 million.

The network has shown tremendous growth since the beginning of the year - from 4.3 million to 100 million unique addresses, considering all types of wallets.

Despite this achievement, the price of Toncoin has slightly decreased amid the general crypto market correction. The current value is $5.21, which is 36.76% below the all-time high of $8.24.

The growth in the number of wallets is largely due to the launch of gaming tokens on Telegram, such as Hamster Kombat. TON continues to actively expand its ecosystem, attracting millions of messenger users to the world of cryptocurrencies through various applications and smart contracts.

About @Wallet Support

@wallet is tightly integrated with Telegram, but formally it is a separate service. Telegram administration is not responsible for it and does not provide support to its users.

You can get answers to questions about the @wallet service in the following ways:

1. Via the official support bot. Its contacts are available in the description of the @wallet bot. At the time of writing this post, it is @wallet_supportbot.

2. Some questions are answered in the official FAQ of the Wallet. The link to this FAQ is given by the support bot in response to the start command.

3. The Wallet has an official channel @wallet_news with linked group @wallet_news_en_chat. You can also ask questions there.

Links to the support bot, to the FAQ and to the official channel are also available in the Wallet web application in the "Settings" section.

Please note: @wallet is a custodial wallet. The data is stored on the server, not on your device. You can only access your account on this server using your Telegram account. If you lose access to your Telegram account, it will be difficult to restore access to your Wallet data, although in some cases it is still possible: see the section “I lost access to my Telegram account. What to do” in the Wallet FAQ.

The number of unique wallets for NFTs in Telegram has exceeded 1 million

NFT activity in Telegram has surged, with the number of unique wallets for NFT transactions in games increasing from 200,000 to over 1 million in the third quarter, according to a report by Helika.

Telegram is expanding its gaming offerings, providing not only casual games but also complex simulations, role-playing games, and puzzles. Europe has taken the leading position in the number of active players, surpassing traditionally dominant regions like Asia and Latin America.

Additionally, the average duration of a gaming session has risen from 2.8 to 6.7 minutes, indicating a growing interest and engagement from users.

New Opportunities for Mining $SWITCH in PocketFi

PocketFi is a cross-chain DeFi solution with its own SWITCH token, which can be mined directly in the application.

PocketFi has launched a "Partners" section with tasks from YesCoin, ROolz, and Cubes. Users receive 10 additional SWITCH tokens for each completed task. The total bonus for all tasks is 30 SWITCH.

This week, BigPump is launching – a launchpad for trading memecoins. Also, an Open League competition for memecoin traders will start soon.

For participants:
• Mining.
• Pre-registration for BigPump.

If you wish to support the editorial team:
• t.me/pocketfi_bot/Mining?startapp=207737178
• t.me/pocketfi_bot/BigPump?startapp=AntonioMarreti_1142

New $10 Million Fund for TON Project Development in Telegram

OKX Ventures, The Open Platform, and Folius Ventures have launched a $10 million fund to support innovations in TON and Telegram mini-apps.

Focus areas:
• Simplifying onboarding for new users
• Developing trading capabilities
• Creating innovative mini-apps

Projects will receive:
• Funding
• Access to development tools
• Expert support

Up to 10 projects will undergo acceleration. Applications are accepted until 29.11.2024.

Details: tally.so/r/mJk9R7

SafePal brings crypto banking to Telegram

SafePal has launched its Mini Wallet App on Telegram, enabling 950 million users to create their own Swiss-licensed crypto bank accounts.

The app supports a virtual crypto Visa card, provides access to bank accounts after KYC verification, and offers cryptocurrency exchange between over 100 blockchains.

SafePal plans to expand to new markets and launch a digital Mastercard in late 2024.

TON is now available on the Dune analytics platform

The official Dune Twitter account announced the integration of TON with Dune.

What this means:
• Access to advanced TON analytics
• New opportunities for ecosystem exploration
• Improved blockchain data transparency

Expected benefits:
• Deeper understanding of network activity
• Tools for analyzing trends and metrics
• Support for developers and researchers

$SWITCH Buybacks and Burns After Listing

PocketFi is launching a quarterly buyback and burn program for the $SWITCH token after its listing. The team guarantees transparency: quarterly reports on the funds spent and tokens burned will be publicly available.

How does it work?
• 15% of all trading fees generated on the PocketFi and BigPump platforms are allocated to buy back $SWITCH tokens on the open market.
• All repurchased $SWITCH tokens are permanently burned, reducing the total number of tokens in circulation.

What does this mean for you?
• Deflationary Model: The continuous reduction of $SWITCH in circulation creates deflationary pressure, contributing to organic token price growth.
• Price Support: The buyback and burn program helps stabilize and support the $SWITCH price, protecting your investment.
• More Activity = More Burns! The more active the community is on the PocketFi and BigPump platforms, the more tokens will be bought back and burned, accelerating $SWITCH price growth.

If you'd like to support the editorial:
• t.me/pocketfi_bot/Mining?startapp=207737178
• t.me/pocketfi_bot/BigPump?startapp=AntonioMarreti_1142

TON is now listed on Bithumb

Bithumb, a leading South Korean cryptocurrency exchange, has officially announced the listing of Toncoin (TON).

What this means:
• Access to TON for South Korean traders.
• Trading directly paired with the Korean Won (KRW) - TON/KRW.
• Potential increase in liquidity and trading volume.

Expected benefits:
• New momentum for TON price growth.
• Influx of investment from South Korea.
• Increased interest in the TON ecosystem and Telegram-related projects.

TON Foundation has received official registration in ADGM

The Abu Dhabi Global Market (ADGM), a leading international financial center, has officially registered the TON Foundation.

This is a significant milestone, signifying TON's recognition by a reputable financial center. The registration also facilitates the development of the TON ecosystem in accordance with international standards and unlocks new opportunities for growth.

OKX Ventures invested $5 million in the development of the TON ecosystem

This contribution will be a significant step in strengthening the TON ecosystem and promoting it globally. The new investment unlocks opportunities for innovation and community growth within the project.

How to Best Trade Meme Coins

Memlandia by TON Foundation continues, and the development of meme coins remains the main focus.

BigPump and STON.fi have joined forces to make meme coin trading even more profitable. Fees have been reduced to a record low of 0.02%

What does this mean for you?
• Referral rewards at their peak: Bring friends and receive generous bonuses from their trades. The more activity, the higher your income!
• Sniping becomes more precise: Low fees allow you to enter positions lightning-fast without losing profits on fees.
• Web version coming soon: Trading will become even more convenient soon — right from your browser!

How does it work?
• Choose memes on BigPump.
• Trade with minimal fees through STON.fi.
• Enjoy growing profits!

The more you trade, the more you and your referrals earn. Along with this, you're eligible for winning in TON Memlandia.

Support the author:
• t.me/pocketfi_bot/Mining?startapp=207737178
• t.me/pocketfi_bot/BigPump?startapp=AntonioMarreti_1142

NFT Stickers Are Coming to Telegram Soon

The Notcoin and DOGS teams have launched a mini-app in Telegram for purchasing limited-edition stickers.

Sticker packs from DOGS, BAYC, Flappy Bird, and Blum are already available. In the future, packs from Notcoin and Pudgy Penguins will also be added.

With the upcoming Telegram API update, users will likely gain the ability to convert sticker packs into NFTs on the TON blockchain and trade them on external marketplaces.

Currently, the stickers are limited — only a certain number of users can purchase them. However, everyone will be able to use these stickers.

Sticker prices start at 69 stars and depend on availability.

If you’d like to support our channel:
t.me/sticker_bot?start=_tgr_9hCrveFkNWYy

TON just got faster

The TON Core team has released updates that significantly boost block processing speeds on the network. Blocks are now generated in 2.8 seconds instead of the previous 4.8 seconds.

TON Foundation Announces Plans for Expansion in the USA

TON Foundation, the organization supporting the development of The Open Network (TON) blockchain, has announced a strategic focus on growth in the United States.

Key points:
• Manuel Stotz, founder of investment company Kingsway Capital Partners Ltd., has been appointed as the new president of TON Foundation.
• Manuel Stotz has been a member of the TON Foundation board of directors since its establishment in Switzerland in 2023.
• The focus is on growth in the USA in light of the expected favorable regulatory environment under the Trump administration.
• TON is closely associated with Telegram and provides access to various services for 950 million messenger users.

Telegram and TON Core Announce Blockchain Competition

Telegram and TON Core are launching a joint developer competition with a total prize pool ranging from $100,000 to $200,000.

Participants are invited to choose one of two challenges or tackle both. The challenges are: “Blockchain Validator” and “Trustless Bridge”

In the “Blockchain Validator” task, participants need to optimize and improve the efficiency of validators in processing and confirming transactions.

The goal of the “Trustless Bridge” task is to develop a reliable decentralized bridge between the TON blockchain and other blockchains.

The competition will be held in two rounds. The number of prize-winning spots will be determined based on the quantity and quality of the submitted solutions.

Deadline: February 4, 08:59 PM (UTC).

Telegram and TON Enter into an Exclusive Partnership

Telegram has announced an exclusive collaboration with The Open Network (TON) blockchain for crypto applications and games.

Key points of the agreement:

• All Telegram mini-apps and games with crypto functionality will be required to use TON exclusively.
• Existing projects on other blockchains will need to migrate to TON.
• The TON Foundation is offering grants of up to $50,000 for projects that complete the transition within 30 days.
• Telegram is already paying channel owners a portion of advertising revenue in Toncoin (TON) cryptocurrency.
• There are plans to launch NFT stickers based on TON.

TON Core launched a Telegram channel and unveiled a roadmap

Anatoly Makosov announced that TON Core has launched an Telegram channel and presented their roadmap for the first half of 2025.

Roadmap for the first half of 2025:
• Biggest "Accelerator" Kernel Update in Mainnet;
• New version of Toncenter API with new functionality: Actions, Pending, Emulation, Domains;
• Help in launching TON BTC Teleport;
• Payment Network Layer 2 (L2) release;
• Help in launching TON BTC Teleport;
• New version of TOLK 1.0;
• Development of new standards: Pending transactions ID, Smart contract interfaces, Secure typed signature of arbitrary data, TON wallet mnemonics, Multiple account generation algorithm.