Today, the [Metalist Game](https://game.metalist.io/), an AP NFT partner, announced a new collaboration with [The Open Network](https://ton.org/), aiming to launch its first Telegram game. This collab manifests as a fusion between Metalist's Web3 gaming and Telegram's expansive ecosystem, promising to open the gates of innovative gaming to Telegram's massive user base.

## Elevating the Gaming Landscape
This alliance is set to integrate high-quality Web3 gaming experience for nearly a billion users across the globe within the Telegram ecosystem. Metalist Game, with team members from gaming titans like NetEase, Ubisoft, Blizzard, and Riot Games, has been at the forefront of the Web3 gaming sphere, previously working with prestigious entities like the Associated Press and NARAKA: BLADEPOINT, a top-seller on Steam in 2022.
 ![](https://storage.googleapis.com/ton-strapi/Screenshot_2023_09_26_at_16_01_05_Metalist_Game_70d4d22535/Screenshot_2023_09_26_at_16_01_05_Metalist_Game_70d4d22535.png) 

> "The integration of TON Space within Telegram is highly meaningful, as it represents the potential user base of 800 million Telegram users for TON Space. Metalist Game will work with TON to explore Web3 game development within the Telegram ecosystem and create an entry point for 800 million users to enter the world of Web3 gaming through the Metalist Game Bot," **said Metalist Game's CEO, Franco.**

## A New Era of Gaming: Cards Ahoy & Game Console
Aiming to be a pioneer, Metalist Game has unveiled its premier TCG card game, 'Cards Ahoy.' This launch is coupled with their new distribution of the [on-chain game identity "Game Console"](https://game.metalist.io/gamerid) to players from the TON and Telegram ecosystems. Serving as Metalist Game's first game identity, the "Game Console" will soon provide a ton of gaming benefits from the [Metalist ](https://game.metalist.io/)ecosystem.
 ![](https://storage.googleapis.com/ton-strapi/Screenshot_2023_09_26_at_15_59_27_Metalist_Game_edbbffc063/Screenshot_2023_09_26_at_15_59_27_Metalist_Game_edbbffc063.png) 
Holders of this novelty game identity are in for a treat, with the entitlement to a Genesis Blind Box airdrop for 'Cards Ahoy.' It is more than a game; it's an entryway, a bridge connecting millions to the diverse and dynamic world of Web3 gaming.

This collaboration between Metalist Game and [TON ](https://ton.org/)is not just a partnership; it's a fusion of visions, a melding of innovations, pushing the boundaries of what's possible in the gaming world within the extensive and versatile Telegram ecosystem. It's a journey into uncharted gaming territories, with the promise of more to come, reshaping the gaming horizon and redefining the interaction between users and the gaming world.


Metalist Game Partners with TON to Launch Its First Telegram Game and Distribute Web3 GameID

We're rolling out a new Telegram Web3 Grants program that's all about boosting the growth of the TON Ecosystem on Telegram Messenger. This isn't just another blockchain accelerator; we pledge to create a world where Telegram becomes the all-in-one platform for all your needs – payments, utilities & tools, productivity, messaging, content, and even gaming. 

> "Today, we're launching the new grants program to encourage and support developers building within the Telegram Web3 ecosystem," **said Anthony Tsivarev, Director of Developer Relations at TON Foundation.** "TON's speed, scalability, affordability, and the unique user-growth opportunity afforded via Telegram is a helping hand no other blockchain system provides today. Now, more developers than ever can harness the garden of possibilities on TON and grow their ideas into real-world solutions."

## Grants Categories
To ensure we're distributing the funds efficiently and equally, we've broken the program into four categories, so whether you're just starting or have a full-blown project, there's something for you. And for those on the hunt for some venture capital backing, we have you covered, too.

### Type A – Initial Deployment 
Type A grants target initial deployments or proof of concept applications on the [Telegram Web Apps platform](https://core.telegram.org/bots/webapps). This also includes Web3 infrastructure based on the TON blockchain, with examples like [@wallet](https://wallet.tg/), [Wallet Pay](https://pay.wallet.tg/), and [TON Connect](https://docs.ton.org/develop/dapps/ton-connect/overview). If you've already launched a project, we're open to reviewing it and potentially providing a retrospective grant. 

You can aim for a grant of up to $10,000 in TON.

*Please note that this grant doesn't replace venture funding for expansion beyond this initial stage.*
&nbsp;

### Type B – Live TON-based Projects with Existing User Base 
This category is for live projects with an existing user base on the TON blockchain but hasn't integrated with Telegram yet. 

The target grant amount for this category is up to $10,000 in TON.
&nbsp;

### Type C – Live Non-TON-based Projects with Community 
If your project is live on another blockchain, but you're eyeing an expansion or considering moving to the TON blockchain and Telegram, this grant type is for you. 

We determine grant amounts based on specific milestones, looking at factors like user numbers, transactions, and Total Value Locked (TVL). 

The grant amounts for this category range between $20,000 and $50,000 in TON.
&nbsp;

### Type D – Projects Seeking Venture Funding 
The Grants Program doesn't provide venture funding, but don't worry, we will help you out. 

We will help you connect with VC funds or guide you for evaluation through [TONcoin.Fund](https://toncoin.fund/).
<hr>

Since 2022, we received over 450 submissions to the TON Grants program run by the TON Foundation and distributed more than $1.2M to 100+ applicant projects.


<button href="https://questbook.app/proposal_form/?grantId=0x3d9a26d083419d0d6cb0c5d9aed527698254b3ea&chainId=10&newTab=true" passutmsource="true">
  Apply Now
</button >
<br/>



TON Foundation Announces Telegram Web3 Grants

Last month, we had the privilege to introduce you to the first cohort of participants in the TON Accelerator Program. A month has passed, and we're back to introducing another set of participants competing to join the TON Accelerator Program's second cohort. 

Today, we want to introduce you to six new projects, which will introduce themselves during the Demo Day on August 31 and compete for the attention of investors and strategic partners. 

But before we get to the Demo Day participants, we want to remind you of our recent news that will further bolster our efforts of supporting the emerging TON Ecosystem projects. 

### **TON Accelerator Welcomes TonX Studio**
[TonX Studio](https://www.tonx.studio/), a leading TON venture studio in Asia, founded by early TON developers and investors, is joining the TON Accelerator among the previous partners, committed to creating innovative solutions that empower the next-generation internet, TON.

TonX’s portfolio includes groundbreaking products like TonStake, the first public staking validator, revolutionizing network participation. TonKey,  the cutting-edge multi-sig wallet for TON, sets new standards in security and convenience. TON.RUN, the unmatched search engine for TON, transforms the discovery of decentralized applications and smart contracts.

TonX hosts impactful hackathons to cultivate talent and foster a vibrant community. Currently, their focus is on TonFura, a key infrastructure for tApps and TON to grow.  The first major event is the Taipei Builders Workshop, taking place on September 22. For more info and registration, [visit this link](https://www.accupass.com/go/TONTaipei2023). 

**TonX joins the list of existing TON Accelerator partners:**

- [Gotbit](https://twitter.com/gotbit_io) - a hedge fund and market-making company offering trading and risk management solutions

- [Web3Port](https://twitter.com/Web3Port_Labs) - a developer of tools facilitating connections between Web3 startups and contributors to drive innovation

- [Tonstarter](https://twitter.com/ton_starter) - the leading fundraising platform on TON 

- [TEB](https://twitter.com/boomlabs_web3) - an incubator for Web3 developers based in South Korea

- [Cypher Capital](https://twitter.com/cypher_capital) - a United Arab Emirates-based multi-strategy crypto investment firm.

### **Demo Day #2, August 31**
Accelerator Demo Day is a unique and exclusive opportunity for projects building on TON, to showcase their product to a set of investors and partners. During the Demo Day, the selected projects compete for investments and mentorship from our partners, getting a unique chance to kickstart their growth 

**These six projects will compete during the Demo Day on August 31, and you’re invited to join us and see what they have to offer.**

- **[re:doubt](https://beta.redoubt.online/)** - Powerful TON data and research tools. Re:Doubt is the most comprehensive TON data provider, simplifies the process of accessing complex data through the use of emerging TVM-based blockchain coverage, AI-powered charting tools, and insights from a community-driven market. Our suite of tools is capable of extracting, combining, modifying, and analyzing data from multiple sources, whether they are on-chain or off-chain, into a single, cohesive system that produces meaningful insights. [Follow re:doubt on Twitter.](https://twitter.com/redoubt_web3) 
&nbsp;
- **[8XR](https://8xr.io/)** - Bringing games into Telegram with a 2D/3D game creation tool. 8XR has more than 30 games, 30,000 MAU and 200,000 play sessions in the last 30 days. [Click here to stay up to date with their latest news.](https://twitter.com/8xr_engine) 
&nbsp;
- **[FanTON](https://fan-ton.com/)** - The first fantasy football platform in TON. FanTON is the premier game in the TON ecosystem, deeply integrated with Telegram. Fanton is a Play2Earn fantasy football game, something between betting and a football manager - you choose a squad of football players and score points for the players’ performances in real football matches. Those who get more points win crypto. [Follow FanTON on Twitter. ](https://twitter.com/fantasyfanton)
&nbsp;
- **[TON Attendance Protocol](https://tap.tg/)** - Record engagement on the chain. TAP (TON Attendance Protocol) is a dynamic application designed to capture and commemorate both on-chain and off-chain interactions using NFTs. From individuals to businesses, anyone can craft custom TAP badges (TEP-62 tokens) directly within the application, offering a seamless way to share a memory with their audience. [Click here to follow TAP on Twitter. ](https://twitter.com/tap_xyz)
&nbsp;
- **[Nabi](https://nabi.blue/)** - Infrastructure for the creation of decentralized social protocols. Nabi Protocol is a Web3 decentralized social graph protocol designed for the TON Blockchain. The protocol aims to give users full control over their social identities, therefore allowing users to create and nurture meaningful connections with the community around them on their own terms. The protocol is developed with a modular approach that enables integrating new features and updates while ensuring that user-owned content and social connections are unaltered. [You can follow Nabi on Twitter here. ](https://twitter.com/nabiprotocol)
&nbsp;
- **[Lucia](https://www.thekie.com/lucia-carbon-trade)** - Trade energy and carbon credits on TON. Lucia is a TON blockchain-based platform, transforming the carbon credit trading landscape from a traditional B2B model to an inclusive C2C marketplace. By seamlessly integrating NFT functionalities, Lucia empowers individuals to actively participate in environmental responsibility while exploring the world of digital assets. Dive into the future where sustainability meets peer-to-peer trading with Lucia. [Click here to follow the creators of Lucia on Twitter. ](https://twitter.com/thekielux)

We are thrilled to welcome these teams to the TON Demo Day and are excited to see what they bring next! 

TON Foundation Demo Day #2: TonX Joins Existing Accelerator Partners 

We are excited to announce the list of grant recipients approved by the TON Foundation for the first round of Q3 2023!

These projects promise innovative solutions and significant value to the TON Community. Tali AI streamlines developers' onboarding process, the Ledger app provides secure access and management of TON assets, and TonUp catalyzes the growth of ecosystem projects. Meanwhile, Optus DEX Aggregator refines decentralized trading, and Gatto presents an engaging gaming journey on VK Mini Apps. Together, they help create a bright future for the TON community.

- **[Tali AI](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10&proposalId=0x2f9&isRenderingProposalBody=true)** - intelligent, AI-driven model designed to enhance developer relations, support, and community management. Tali instantly answers developer questions by analyzing developer docs, Slack conversations, Youtube videos, and chat messages for seamless knowledge integration and insight delivery. Implementing this bot will significantly improve the onboarding process for new builders into TON Ecosystem and technical support initiatives. [Join Tali AI Community](https://twitter.com/TryTaliAI).

- **[Ledger app for TON](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10&proposalId=0x339&isRenderingProposalBody=true)** - the project integrates the latest Ledger Stax device, enhancing compatibility and security. The app will support NFTs and Jetton transfers, providing users with more functionality. Improved TON Connect support allows secure interactions with third-party services. Check out [their Github](https://github.com/ton-blockchain/ledger-app-ton/tree/develop) to follow the development process. [Join Tontech Community](https://t.me/thetontech).

- **[TonUp](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10&proposalId=0x34f&isRenderingProposalBody=true)** - an innovative permissionless launchpad on the TON ecosystem that will provide instruments supporting throughout the project launch journey, ranging from IDOs to DEX integration and beyond. By offering these critical functions, the team aims to nurture and drive the growth of projects built on the TON network, ultimately generating broader recognition and adoption for the entire ecosystem. [Join TonUp Community](https://t.me/TonUP_io).

- **[Optus DEX Aggregator](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10&proposalId=0x354&isRenderingProposalBody=true)** - a powerful tool that improves decentralized trading on the TON blockchain. Consolidating liquidity from multiple DEXs, it optimizes trade execution and reduces price impact. The aggregator allows users to execute trades with the best prices from various exchanges, resulting in reduced slippage and a seamless trading experience. [Join Optus Community](https://t.me/optus_fi).

- **[Gatto](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10&proposalId=0x36b&isRenderingProposalBody=true)** - first P2E game on the VK Mini Apps platform. Tamagotchis, city building, and competitions - all in one. The game uses the TON blockchain to create NFT pets and pays out tokens/TONs to users who actively play and develop their Gattomons. [Join Gatto Community](https://vk.com/gatto_game).

We invite you to participate in the TON Grants program as a project builder and evaluation contributor. Learn more about different aspects of the [TON Grants program on the official page](https://ton.org/grants). 

As a builder, you can [submit your project proposal](https://questbook.app/proposal_form/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10&newTab=true) on our Questbook page or [join the discussion](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10) on specific projects to help us support the best possible ideas.

TON Foundation Grant Support: Q3 2023

TONcoin.Fund, with its significant $250,000,000 TON investment reserve, has decided to invest an undisclosed six-figure amount in TonUP. TonUP is a notable launchpad platform operating on The Open Network (TON).

This investment aims to further TonUP’s dedication to the discovery and backing of digital assets and projects that show potential for growth.

### **A Few Words About TONcoin.Fund**
TONcoin.Fund is an investment entity that assists founders working on The Open Network. The partners at the fund bring a rich history of operational expertise, ensuring that founders get the guidance they need, be it in initial fundraising, operations, or growth strategies.

TONcoin.Fund prides itself on its robust operational background, making it well-suited to guide founders in their entrepreneurial journey. The fund's primary goal is to provide founders with the means and mentorship to develop and expand their TON-centric projects efficiently.

>"The investment from TONcoin.Fund will aid our efforts in the digital asset sector. The TON ecosystem has grown steadily, recognized for its reliability and scalability. We aim to contribute to this ecosystem by supporting new projects and serving as a launchpad for the broader Web3 sector," **said Leo, Founder of TonUP**

### **A Brief Introduction to TonUP**
Operating on TON, TonUP focuses on the growth and promotion of cryptocurrencies. They aim to identify cryptocurrencies with promising futures and provide them with the necessary tools and support. Safety and security of the community remain a top priority, and TonUP has laid down several protective measures to ensure this.


TONcoin.Fund Announces Investment in TonUP

The TON ecosystem is set to be transformed as [Megaton Finance](https://megaton.fi/) announces a groundbreaking collaboration with the [Telegram mini-game  "Hero Blaze,"](https://t.me/HeroBlazeGameBot) launched on August 17. The game is accessible via a unique game bot on Telegram, introducing Hero Blaze: Three Kingdom’s BEP20 token, MUDOL2, to the TON blockchain via a bridge. We’re excited about this new development and expect an influx of fresh gaming assets and liquidity.

This notable collaboration is the maiden initiative to gain support from the [TON DeFi Liquidity Incentive Program](https://ton.org/en/defi-liquidity-program). In a bid to accelerate the adoption of the TON ecosystem, especially among gamers, the TON Foundation has generously pledged to sponsor a whopping 10,000 TON, specifically to mitigate gas fees. This strategy is designed to ease transitions for players and lure new users into interacting with gaming assets on TON using bridges and wallets.
 ![](https://storage.googleapis.com/ton-strapi/Firefox_Screenshot_2023_08_18_T09_09_05_939_Z_8ce888ebee/Firefox_Screenshot_2023_08_18_T09_09_05_939_Z_8ce888ebee.png) 

A glimpse into Hero Blaze: Three Kingdoms showcases its appeal. It is the heir to its predecessor, offering gamers an immersive casual RPG mobile experience with a unique P2E integration. Delve into the ancient tales of the Three Kingdoms, navigating epic hero battles characterized by user-friendly controls and accelerated character evolution. Gamers can anticipate the thrill of collecting and mentoring numerous generals from the Three Kingdoms through many innovative features. [Watch the magic unfold in the Hero Blaze: Three Kingdoms Video.](https://www.youtube.com/watch?v=DYnjUtoT3ck&list=TLGGCr-ZFiA7NRkyMDA2MjAyMw&t=13s)

Statistics don't lie. With over 500,000 downloads on Google Play and an impressive ranking of #82 in Games & #272 in General On-chain (according to DappRader), Hero Blaze: Three Kingdoms is clearly on the path of its precursor. To recollect, 2021 Hero Blaze: Three Kingdoms engraved its name in history by becoming the first-ever web3 P2E game to receive an endorsement by the Korean social giant, KakaoTalk messenger. Seamlessly merging elite gaming with P2E perks, it witnessed a staggering penetration rate for KakaoTalk/Klip, at 3.41%, and boasted 200,000 daily users upon its launch. This game played a major role in the age of P2E and the Klaytn blockchain among regular KakaoTalk users, essentially morphing into a portal connecting Web2 to Web3 platforms.

Prepare for a spectacle as Hero Blaze: Three Kingdoms made its grand entrance on Telegram as a mini-game on August 17 under the name “Hero Blaze.” Further sweetening the deal, as the oMUDOL2<>oUSDT pool in Megaton Finance is released, it will provide smoother user attraction in the [TON Blockchain](https://ton.org/) for the vast Telegram community.

Stay tuned, as the fusion of [Megaton Finance](https://megaton.fi/) and Hero Blaze: Three Kingdoms is bound to redefine the horizons of blockchain gaming.


Megaton Finance and Hero Blaze Collaborate to Revolutionize Gaming on TON

The digital age has seen many apps and bots that enhance user experience, especially on platforms like Telegram, and this trend has grown significantly over the past years. 

According to [Binance Research](https://research.binance.com/en/analysis/telegram-bots-exploring-the-landscape), the cumulative lifetime volume of trades facilitated on Telegram bots has exceeded US$190M, with a record high of US$10M in daily trading volume recorded on July 23, 2023.

 ![](https://storage.googleapis.com/ton-strapi/Screenshot_2023_08_17_at_15_50_19_telegram_bots_exploring_the_landscape_pdf_be8d1e8a48/Screenshot_2023_08_17_at_15_50_19_telegram_bots_exploring_the_landscape_pdf_be8d1e8a48.png) 

Among the most popular Telegram-based bots are trading bots but also chatbots used for automated replies and customer support. Other use cases of Telegram-based apps include online stores, content creation, news sharing, weather forecasting, and even payments. 

Recognizing this and understanding the need for a centralized directory, the TON Foundation is introducing the [Telegram Apps Center](https://www.tapps.center/). This center aims to offer a catalog showcasing the Telegram Bots and Web Apps (TWAs) ecosystem. Our goal is to keep user experience at the forefront, and the Telegram Apps Center does just that by providing you with an interface familiar with established apps stores that you already use daily.

To focus not only on the [TON ](https://ton.org/)ecosystem but the wider Telegram ecosystem, the center welcomes apps from other chains and, without any web3 integration at all, truly embraces the community spirit. By doing so, it aims to be a beacon for the vibrant projects building on Telegram, drawing the attention of a broader audience and ultimately building the so-called “Everything Super App” within the Telegram ecosystem and TON. To simplify this, think of social media platforms such as WeChat, where you can access all the financial, social, and entertainment services you need within one user interface. 

## Exploring the tApps Center
On the Telegram Apps Center, you can find three main types of projects: 

- **Bots** – These are typical chatbots, like [Unibot](https://t.me/unibot), which users can engage with through the chat feature. They cater to various tasks, from basic information sharing or weather forecasting to intricate tasks like detecting trading cues or facilitating trades.
- **Games** – Bots and apps tailored for gaming, like the recently launched [Hero Blaze](https://t.me/HeroBlazeGameBot), are curated to offer interactive game sessions. They host diverse games and tournaments, allowing users to participate alone or team up with friends.
- **Web Apps** – Representing the new wave of bots, these come with a web-centric interface, mirroring traditional websites. Notably more sophisticated and flexible than their chatbot counterparts, an exemplar of this category is [@joincommunity_bot](https://t.me/joincommunity_bot) - a web app-based toolkit structured for community-centric applications and more.

These projects are then categorized into four main categories based on their specific use case – Management, Web3, Utilities, and Games. 

 ![](https://storage.googleapis.com/ton-strapi/Twitter_Telegram_Apps_1500x750_c64cd814e2/Twitter_Telegram_Apps_1500x750_c64cd814e2.png) 

From here, you can simply access the app by clicking “Open,” which will open a pop-up redirecting you to their Telegram channel or bot. From there on, you will be guided within the Telegram messenger. Please note that some apps, specifically games, might require you to open a tab in your browser to access the user environment. 

**To access the tApps Center, simply select one of the links below:**

- [Website](https://www.tapps.center/)
- [Telegram Web App](https://t.me/tapps_bot)
- [Telegram Channel about Trending Apps](https://t.me/trendingapps)

## Build on Telegram with tApps Center
 ![](https://storage.googleapis.com/ton-strapi/6_e419b6777d/6_e419b6777d.png) 

The[ tApps Center](https://www.tapps.center/) aims to simplify the exploration of tApps and support developers in bringing their visions to life and attracting new audiences. A seamless submission procedure, aided by the dedicated [Apps Moderation Bot](https://t.me/app_moderation_bot), ensures this. 

By working with Telegram's platform, developers can access its vast community of users and existing tooling. Prioritizing user privacy and security, the center offers a reliable space for developers to present their novel creations and provide positive experiences to users.

By launching your next project on Telegram and adding it to the tApps Center, you will gain access to over 800M Telegram users. You can further boost your reach with Telegram Ads, accumulating more than 500 billion channel views. You can easily monetize your tApp by integrating the [Wallet Pay](https://pay.wallet.tg/) payment system and enabling users to spend crypto and fiat. Wallet Pay also offers you an overview of your order statistics and allows you to withdraw funds to your wallet. 

 ![](https://storage.googleapis.com/ton-strapi/10_88eb972354/10_88eb972354.png) 

 In addition to the existing support, documentation, and tools, we’re already working on a new grant program to support tApps development. Stay tuned as we will announce the tApps grant program shortly, and it will be massive! 


### Valuable resources for building tApps

- [Open repository with useful tools and documentation](https://github.com/twa-dev)
- [Official Telegram documentation for building tApps](https://telegram.org/apps)
- [Developers Community](https://t.me/twa_dev) 
- [Submission bot for Telegram Apps](https://t.me/app_moderation_bot)
- [Telegram @wallet ](https://wallet.tg/)
- [TON Blockchain Developers Portal](https://ton.org/dev)



TON Ecosystem Evolved: Introducing Telegram Apps Center (tApps Center)

In this article, we will talk about the development of TON Connect, as well as announce the introduction of a password manager in TON wallets.

## **Intro**
On the modern internet, registration in applications, services, and websites is done with a username and password.
Passwords are inconvenient — they need to be manually entered, and they get lost, forgotten, and stolen.

Password managers simplify life a bit, but they are not popular. Users often use the same simple password, which makes their accounts easy to hack.

Phone numbers or emails are usually used as a login. Time and time again, you take action to confirm that you are indeed their owner, and as a reward, your email or phone immediately becomes a target for advertising newsletters.

We are so used to these things that we don't even realize their absurdity — after all, for the most part, your secret password ceases to be secret as soon as you enter it on any site.

Based on modern cryptography, TON Connect technology allows you to log into services and applications with a TON wallet in one click. At the same time, you don't need to remember passwords, your privacy is not violated, and the secret key never leaves your device. Additionally, the service or application gets access to the blockchain's functionality, such as the ability to pay with cryptocurrency.

<center><video autoPlay playsInline controls preload="auto" muted style="border-radius:16px" width="100%"><source src="https://storage.googleapis.com/ton-strapi/video1_42c6e87330/video1_42c6e87330.mp4?updated_at=2023-08-06T22:50:39.044Z" type="video/mp4" /></video></center>

### **Development**
TON Connect was initially developed by the team behind the popular wallet, [Tonkeeper](https://tonkeeper.com/). After a public discussion in February of this year, it became a network-wide standard.

We are pleased to report that in addition to Tonkeeper, all popular TON wallets now support TON Connect: [Tonhub](https://tonhub.com/), [MyTonWallet](https://mytonwallet.io/), [OpenMask](https://www.openmask.app/), [TON Wallet](https://chrome.google.com/webstore/detail/ton-wallet/nphplpgoakhhjchkkhmiggakijnkhfnd), and others.

Also, TON Connect has been integrated into all ton.org services (such as [TON Domains](https://dns.ton.org), [TON Bridge](https://bridge.ton.org), etc.) and popular network products.

### **Unified Method**
Thus, TON has created a unified way of connecting services and products to wallets, regardless of whether the wallet is a mobile or desktop application, a browser extension, or a hardware device.

This is a significant achievement because, if you study other blockchain networks, you can see that their communities have not been able to agree with each other and have a "zoo" of technologies.

In such networks, users are offered a choice of a dozen different connection options. It goes without saying that the average user has no idea which one to choose.

The unified method is convenient not only for users but also for developers, who only need to support one protocol.

 ![](https://storage.googleapis.com/ton-strapi/45b1b6ae3fb201b567a95_777e82abed/45b1b6ae3fb201b567a95_777e82abed.jpg) 

In addition to the protocol itself, a standard user interface, [TON Connect UI](https://github.com/ton-connect/sdk/tree/main/packages/ui), and [guidelines](https://www.figma.com/proto/P1kVD9AFOypkJTgqbfSXpU/Connect?page-id=2818%3A3690&type=design&node-id=2820-3722&viewport=174,286,0.24&t=98hkZEAGYdRE14DG-1&scaling=min-zoom&mode=design) for its use have been developed.

We recommend all TON services and products use TON Connect UI so that users encounter familiar and consistent functionality everywhere. The TON Connect team continually improves the standard UI, allowing developers to save time on this aspect and focus on their product.

### **WalletConnect**
Could we not have created TON Connect and instead adopted one of the existing multi-network technologies, such as WalletConnect?

This is a common question. Of course, when creating TON Connect, existing market solutions were thoroughly researched.

Regarding WalletConnect, despite it being a good technology, when using it, absolutely all messages pass through a single centralized server. Aiming for decentralization and balance, we considered it impossible to use such an approach. The structure of the two technologies is very similar, but in TON Connect, there is no central hub, and wallet developers can launch their own servers.

Another obvious advantage of TON Connect is its maximum adaptation to The Open Network.

### **Web 2.0**

What should be done about websites that haven't yet integrated TON Connect and still require a username and password for login?

Meet the password manager, integrated directly into the TON wallet!

The team behind the MyTonWallet browser extension was the first to announce the functionality for auto-filling passwords on websites. A secure password for each specific website is automatically generated based on the private key of the TON wallet.

<center><video autoPlay playsInline controls preload="auto" muted style="border-radius:16px" width="100%"><source src="https://storage.googleapis.com/ton-strapi/video2_dcd692fb15/video2_dcd692fb15.mp4?updated_at=2023-08-06T22:50:20.172Z" type="video/mp4" /></video></center>

It's no less secure than using traditional password managers. In both cases, all your passwords are encrypted by a single master password.

We expect other TON wallets to support this functionality. 

### **Notifications**
In the next update, Tonkeeper will showcase an extension to TON Connect functionality, allowing connected applications to send notifications to your TON wallet. Unlike email and phone numbers, an application can only do this if you explicitly give permission.

## **Conclusion**
There's a popular opinion that everything related to blockchain has terrible user interfaces and is more challenging to use than ordinary products. At TON, we take the opposite view and believe that blockchain technologies are intended to improve the user experience; it's just that previous blockchains weren't good enough.

TON Connect is a great example of how TON makes familiar things simpler, more convenient, and at the same time, safer.

[Developer Docs](https://github.com/ton-connect/)



TON Connect – The Future Without Passwords

In the dynamic sphere of blockchain ecosystems, the TON Foundation has again risen to prominence, showcasing unparalleled growth. Amidst a declining industry landscape, TON stands out, witnessing a formidable 102% increase in developer involvement over the past year, as mentioned in the [Electric Capital report](https://www.developerreport.com/blog/newsletter-20230706). 

We welcome you to delve into the Q2 Developer Report as we enter another quarter. Let's explore the significant strides we've made, understand the challenges we've overcome, and envision the path to mass adoption together.

## **Key Takeaways**

1. The [DoraHacks hackathon](https://dorahacks.io/hackathon/hack-a-tonx/buidl) stimulated community engagement significantly.
2. TON Developers Chats grew from 8,572 members on April 1st to 9,134 by the end of June, a 6.56% increase in Q2.
3. TON Foundation organized four challenges, including TON Wallet Challenge, with 101 submissions and a $40,000 prize pool.
4. [TON Wiki Challenge](https://blog.ton.org/ton-wiki-challenge) received 50 valuable contributions, rewarding 30 participants with $5,000 distributed in jUSDT.
5. [TVM Challenge](https://blog.ton.org/tvm-challenge-is-here-with-over-54-000-in-rewards) showcased 11 projects with new features, competing for a $54,000 prize pool.
6. [TON Web App Challenge](https://ton.org/ton-web-challenge) is ongoing, with results to be announced soon, encompassing various verticals.
7. [TON Grants program](https://ton.org/grants) supported diverse projects that significantly impacted TON's development, 34 Footsteps completed with ~$66,000 spent.
8. [TON Documentation](https://github.com/ton-community/ton-docs) received over 300 commits and 111 merges submitted by 32 unique contributors.

## **TON Metrics**
First, let's take a look at some basic metrics that quantify our growth in numbers. 

 ![](https://storage.googleapis.com/ton-strapi/monthly_active_developers1_256ea9ecb7/monthly_active_developers1_256ea9ecb7.jpg)  
*<center>Monthly active developers in TON-related open-source repositories on GitHub</center>*
&nbsp;

 ![](https://storage.googleapis.com/ton-strapi/monthly_active_developers2_4ddae0de58/monthly_active_developers2_4ddae0de58.jpg) 
*<center>Monthly active developers in TON-related open-source repositories on GitHub by developer type</center>*
&nbsp;

The activity peak is a testament to the DoraHacks hackathon, which stimulated our community to an impressive degree of engagement which remains high, and developers continue their work on production repositories with closed-source code.
The total number of members participating in TON Developers Chats grew from 8,572 on April 1st to 9,134 by the end of June, marking an increase of 6.56% in Q2.

 ![](https://storage.googleapis.com/ton-strapi/number_of_members_686181de88/number_of_members_686181de88.jpg) 
*<center>Number of members in Telegram TON Developers Chats by user language</center>*
&nbsp;

## **TON Events**
Over the past three months, we have organized four challenges:

- **TON Wallet Challenge:** This two-month contest attracted numerous talented developers who created updated versions of TON wallets. With a total of 101 contributions submitted, the jury evaluated and honored 17 outstanding projects. These winners were rewarded with a prize pool of $40,000. To see the results, [visit this link](https://t.me/toncontests/124).
- **TON Wiki Challenge:** Our community took part in this contest, contributing to the TON Wiki page. With a prize pool of $5,000 distributed in jUSDT, we received over 50 valuable contributions. Thirty were selected and rewarded for their excellent efforts. You can explore all contributions on the [TON Blog](https://blog.ton.org/ton-wiki-challenge).
- **TVM Challenge:** This contest focused on exploring and showcasing the new features and opcode use cases introduced in the TVM update. We received 11 impressive projects that are currently being evaluated by the jury. The prize pool for this challenge is $54,000! You can already get a glimpse of the projects on the [TON Blog](https://blog.ton.org/tvm-challenge-is-here-with-over-54-000-in-rewards).
- [**TON Web App Challenge:**](https://ton.org/ton-web-challenge) The goal of this content was to create TWA in the TON ecosystem across various verticals, including Games, Entertainment, Finance, NFT, and Social. We will announce the results soon.

**[Hack-a-TONxDWFxAWS:](https://www.defi-hackaton.com/)** TON Blockchain, in collaboration with DWF Labs and Amazon Web Services (AWS), is hosting a [hackathon focused on DeFi and data analytics](https://www.defi-hackaton.com/). The event features an impressive prize pool of $150,000, and we invite all the developers to be a part of it!

All the talented finalists will have the chance to meet in Singapore, where they'll pitch their outstanding projects on the 11th and 12th of September. It's an incredible opportunity to network, gain recognition, and potentially secure significant rewards for your efforts.

### **TON Breakfasts**
Over the past three months, members of the TON Community hosted more than 20 vibrant breakfast gatherings worldwide. These events took place in various cities worldwide, including Hong Kong, Seoul, Bangkok, Rostov-on-Don, Prague, Moscow, Batumi, Addis Ababa, and Sydney, effectively spreading the spirit of TON worldwide.

To show our appreciation for the fantastic organizers, we will be awarding special SBTs to all breakfast hosts in addition to the allocated budget for organizing the event.

You can play a part in this exciting initiative.[ Check out our breakfast guide](https://www.notion.so/April-June-2023-baf8d1d5133046ccb340c4f23d7e2a5d?pvs=21) and organize your own TON Community Breakfast in your city.

### **TON Hubs**
**TON EU Hub** has been buzzing with activity! In Lisbon, we held a productive boot camp for developers, two engaging meetups, and dinner talks. At the [Epic Web3](https://www.epicweb3.com/) event in Lisbon, a TON Community member was honored to be a featured speaker. Additionally, TON Hub organized a special side event exclusively for the Epic Web3 audience.

Paris and Prague also experienced the TON EU Hub magic with their very own meetups. For more details on these events and upcoming ones, [click here](https://t.me/tonlisbonhub).


**TON Asia Hub** has hosted a massive TON Korea Builders Meetup in Seoul, which saw an impressive turnout of over 120 attendees. In addition to that, we also had TON Lunch, providing a fantastic opportunity for networking and knowledge-sharing.

Our reach extended to Vietnam, Bangkok, and Hong Kong, where TON Builder meetups and gatherings took place, further strengthening the TON Community in the region.

Our hub representatives have prepared an insightful article [Why You Should Launch Your Web3 Project on TON](https://blog.ton.org/why-you-should-launch-your-web3-project-on-the-open-network-ton). The article is valuable for those interested in learning more about why launching on TON is a great choice. 

## **TON Onboarding**
### **Educational Materials**
#### **Awesome Lists**

We've released [awesome-tact](https://github.com/tact-lang/awesome-tact), a curated list of resources that offer a smooth learning curve for the Tact programming language. Whether you're a novice or a seasoned pro, awesome-tact is your reliable guide through the intricacies of Tact language.

Similarly, we have re-launched [awesome-ton](https://github.com/ton-community/awesome-ton), an exhaustive collection of standout libraries, tools, services, protocols, and smart contracts pertinent to the TON ecosystem. It's a treasure trove of knowledge that offers insights into the TON ecosystem's practical aspects.

#### **Video Materials**
Providing support for international educational content, we are proud to spotlight the youtube materials made by the community. You can now deep dive into video courses that explain in depth:

- [FunC and Blueprint](https://www.youtube.com/watch?v=7omBDfSqGfA&list=PLtUBO1QNEKwtO_zSyLj-axPzc9O9rkmYa) (7-video course)
- [TON & Python](https://www.youtube.com/watch?v=gaowb3KyRyU&list=PLtUBO1QNEKws7aIXxVjhE8y2gJEPlIiwJ) (10-video course)
- [Fift ](https://www.youtube.com/playlist?list=PLtUBO1QNEKwttRsAs9eacL2oCMOhWaOZs)(6-video course)
- [Tact language course](https://www.youtube.com/@AlefmanVladimirEN-xb4pq/videos) (10-video course)

Each course is designed to broaden your understanding and equip you with practical skills, strengthening your foundation in TON development.

## **Documentation Updates**
### **Next-generation documentations**

- **[Tact Documentation](https://docs.tact-lang.org/start)** - A comprehensive guide created by the Tact Foundation, offering invaluable insights and directions to navigate the Tact language landscape effectively. We invite you to explore and familiarize yourself with this essential resource.
- **[TWA Development Documentation](https://docs.twa.dev/docs/introduction/about-platform)** - A one-stop resource for Telegram Web Apps (TWA), this guide introduces developers to a flexible way to interact with Telegram users. This unique platform allows web apps to behave like native apps, imitating their functionality seamlessly. [Find out more on the ton-footstep.](https://github.com/ton-society/ton-footsteps/issues/206)
- **[TON Liquid Staking Protocol Documentation](https://ton-ls-protocol.gitbook.io/ton-liquid-staking-protocol)** - This newly created guide, courtesy of the TON Foundation, outlines the design of TON Liquid Staking services. It is a crucial resource ensuring equity and security among Stakers, Validators, and Governance.

### **Revamping the TON Documentation**
We've revamped the TON documentation on our new domain, docs.ton.org. Changes include a significant rework of the content. We have created or updated more than 35 pages and tutorials with improved text and graphic explanations. Four of them were created by open-source contributors!

### **Open-source contributions**

We're excited about the community involvement in docs.ton.org! In Q2, we witnessed the following:

- [339 commits](https://github.com/ton-community/ton-docs/commits/main)
- [32 unique contributors](https://github.com/ton-community/ton-docs/graphs/contributors)
- [111 pull requests merged](https://github.com/ton-community/ton-docs/pulls?q=is%3Apr+is%3Aclosed)

**We invite everyone to dive in, explore, learn, and grow with us.** Your feedback and experiences can contribute to the documentation's continual improvement and, thus, to the TON ecosystem's overall enhancement.

## TON Grants
The TON Grants program continues to evolve, and in the past quarter, it supported a range of new and existing projects. These projects showcase the dynamic nature of the TON ecosystem and demonstrate its potential for growth and innovation.
We’ve also accomplished an equivalent level of weekly incoming proposals as the unprecedented surge experienced during the DoraHacks hackathon in March.

&nbsp;
 ![](https://storage.googleapis.com/ton-strapi/Twitter_post_1_d7cb5a473e/Twitter_post_1_d7cb5a473e.jpg) 
&nbsp;

Our grants program's success relies on the TON Community's active involvement. **We invite you to engage with the projects that have been granted support.** By testing their products, providing valuable feedback, and helping to spread awareness, you contribute to the adoption and growth of these projects. Your involvement is crucial in making a lasting impact on the TON ecosystem.

The projects supported by the grants program contribute to the expansion of the TON blockchain's capabilities, bringing unique features and functionalities to the ecosystem. Among the projects receiving support are:

1. **[Wagmi11 ](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x256)**- Decentralised Crypto & Sports Prediction Marketplace on TON Blockchain.  [Join community.](https://t.me/wagmi11)
2. **[A6g.events](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x286)** - Ticketing protocol for TON Ecosystem. [Join community.](https://twitter.com/a6g_events)
3. **[Tact Foundation](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x2e6)** - Tooling and documentation for Tact language, the go-to solution to build on TON Blockchain. [Join community.](https://t.me/tactlang)
4. **[Questbook ](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x2f8)**- Integration of Telegram and TON for better grants management process.  [Join community.](https://twitter.com/questbookapp)
5. **[Nujan IDE](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x29c)** - Online IDE for seamless programming of TON smart contracts. [Join community.](https://twitter.com/nujan_io)
6. **[TON wallet for KaiOS](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&proposalId=0x2a8&chainId=10)** - the first TON wallet on KaiOS (the world's third-largest mobile OS with more than 160 million devices)
7. **[ton.ski ecosystem](https://questbook.app/dashboard/?isRenderingProposalBody=true&chainId=10&proposalId=0x2a5&grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b)** - Create TON DNS subdomains, host TON sites, upload files to TON Storage, and access a content viewing service. [Join community.](https://twitter.com/tonski_ton)
8. **[Monitoning Platform](https://questbook.app/dashboard/?isRenderingProposalBody=true&chainId=10&proposalId=0x275&grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b)** - the first TON smart contract monitoring application. [Join community.](https://t.me/monitoning)
9. **[EVAA Protocol](https://questbook.app/dashboard/?proposalId=0x222&chainId=10&isRenderingProposalBody=true&grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b)** - the first decentralized lending protocol on TON that lets users lend or borrow native and wrapped assets without going to a centralized intermediary. [Join community.](https://t.me/evaaprotocol)
10. **[Ton.app](https://questbook.app/dashboard/?isRenderingProposalBody=true&chainId=10&proposalId=0x2ab&grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b)** - SEO-focused rebuild for a [marketplace ](https://ton.app/)and creating a CoinMarketCap-like functionality for Jettons ranking and analytics based on blockchain data. [Join community.](https://t.me/tonapp)

We invite you to participate in our grants program as a project builder and evaluation contributor. As a builder, you can [submit your project proposal on our Questbook](https://questbook.app/proposal_form/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10&newTab=true) page or [join discussions](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10) on specific projects to ensure we support the best possible ideas.


## **TON Footsteps**
We support projects that bolster the TON ecosystem as part of our TON Footsteps grant program. Since the program's launch, we've received 120 applications spanning various spheres - from technological innovations to educational resources, and from April to June, we've received as many as 53 approved footsteps.

The TON Footsteps grants demonstrate our commitment to ideas capable of significantly contributing to TON's development and making blockchain technology more accessible.

**Performance Statistics:**

- Footsteps Completed: 34 (~$66K)
- Approved footsteps: 53
- Proposals Processed: 63
&nbsp;


### **Education & Documentation**
TON Footsteps' goal is to create easily digestible educational content that caters to individuals with varying levels of expertise, and you can already explore the community contributions, from [Livecoding on Python](https://github.com/ton-society/ton-footsteps/issues/233), [Learn send_mode and fees through Sandbox tests](https://github.com/ton-society/ton-footsteps/issues/229), to [FunC lessons](https://github.com/ton-society/ton-footsteps/issues/235).

They also have an extensive documentation library where you can access documents on various technical topics related to TON. Among them, you can find documents such as [How to Create a User-Friendly Config for TON](https://github.com/ton-society/ton-footsteps/issues/119) or [NFT Collection step-by-step](https://github.com/ton-society/ton-footsteps/issues/157). 

### **Infrastructure & Tools**
Developers can simplify their work on TON by using the available infrastructure and tools, saving countless work hours. If you're developing on TON, we recommend you to start with [Developers Program: Footsteps](https://github.com/ton-society/ton-footsteps/issues/221) or explore some of the handy tools such as [Testnet coins Faucet Bot for Telegram](https://github.com/ton-society/ton-footsteps/issues/179) or [TON Timer](https://github.com/ton-society/ton-footsteps/issues/71).


### **Integrations & TON Connect 2.0**
Last but not least, the recently launched [TON Connect 2.0](https://docs.ton.org/develop/dapps/ton-connect/comparison) provides the highest levels of security, a developer-friendly environment for the development of decentralized applications (dApps), and a streamlined user experience driven by real-time UX. 

Thanks to the community contributors, you can now access TON Connect 2.0 in web wallets on [TONFLOW](https://github.com/ton-society/ton-footsteps/issues/186), [XTON](https://github.com/ton-society/ton-footsteps/issues/189), or [DeWallet](https://github.com/ton-society/ton-footsteps/issues/193).

<hr> 

We urge you to continue to engage with our projects, exchange ideas, and provide feedback. Your contributions, whether testing, feedback, or information dissemination, play a crucial role in the success of our ecosystem.

The future of the TON blockchain is in your hands. Let's continue to build and enhance our ecosystem together.

**Stay tuned! There are more achievements and news ahead.**

TON Developer Report: Q2 2023

At TON Foundation, we're on a mission to drive TON's adoption and bring more use cases to both the ecosystem and its native cryptocurrency Toncoin. 

That's why today, we're excited to announce another development in Toncoin's use cases. 

## **TON x BIT**
We've teamed up with [BIT](https://www.bit.com/), a leading cryptocurrency exchange, to allow traders to pay trading fees on the platform with Toncoin. **Traders on BIT can now enable Toncoin to be deducted as their trading fee and, for a limited time, enjoy a special 10% discount on trading fees paid with Toncoin.**

This discount will apply on spot trading, futures trading, and options trading. As user preferences may vary, BIT has added the flexibility for sub-accounts to independently enable the TON deduction fee option. This customization allows sub-accounts to have distinct fee structures tailored to their specific requirements and preferences.

> "We are thrilled to introduce the 'Deduct with TON' feature as the latest part of our strategic partnership with TON Foundation," **said Lan, COO of BIT.** "This collaboration highlights our commitment to enhancing user experience and delivering added value to our community. Considering the requests for lowered trading fees that we have received from our institutional and VIP clients, I believe this latest update is set to increase demand for Toncoin amongst traders."

[BIT ](https://www.bit.com/)is a professional crypto exchange that specializes in crypto derivatives trading, with a particular emphasis on options trading. A full-featured exchange, BIT offers its clients enhanced capital efficiency and advanced risk management through its Portfolio Margin and Unified Margin. 

The exchange leads the way in facilitating USD-margin options trading to make crypto derivatives more accessible for a broader range of institutional investors.

The option to pay for trading fees with Toncoin is now live on BIT and available to all users with a Toncoin balance. This is a unique moment, as **BIT is the first exchange ever to allow users to pay trading fees in a token that is not native to the platform and neither a stablecoin** (i.e., Binance and BNB trading fees). 

This implementation highlights the strength of the strategic partnership between TON Foundation and BIT that originally started in January 2022 when BIT listed TON on the exchange. 

> "TON has always been about creating an open, scalable network that transcends traditional barriers, and now, by enabling payments of trading fees in Toncoin, we're bringing this vision to life," **said Daniel Yang, Global Business Development Lead at TON Foundation.** "This integration is just one of the many practical use cases of Toncoin exemplified on one of the most important digital asset platforms in the world."


Bit Enables Trading Fees to Be Paid in Toncoin

The [@wallet](https://t.me/wallet) team is launching Wallet Pay, a groundbreaking payment system allowing users to purchase goods and services on Telegram using cryptocurrencies.

This unique tool seamlessly integrates with any Telegram bot or service, enabling users to easily make payments in Toncoin, USDT, or Bitcoin directly via the Telegram messenger interface.

Wallet Pay is both simple and easy to use. It eliminates the need for novice crypto users to navigate complex and unintuitive crypto payment services, streamlining the entire process to just a few clicks within the merchant bot or Telegram Web App.

Moreover, [@wallet](https://t.me/wallet) users can conveniently and instantly top up their cryptocurrency accounts with a debit or credit card during the payment process, greatly simplifying the use of digital assets.

Wallet Pay is an extraordinary tool for Telegram, empowering its over 700 million users to embrace blockchain technology and integrate crypto into their daily lives, ultimately bringing us closer to the mass adoption of digital currency.

You can try Wallet Pay via the [test bot](t.me/PineAppleDemoWPStoreBot) or apply as a merchant using their [website](pay.wallet.tg).


Introducing Wallet Pay: A Revolutionary Technology for Shopping With Cryptocurrency

We're thrilled to announce that Toncoin (TON), the native digital token of [TON](https://ton.org/), is now available on Alchemy Pay, a leading payment solution provider that seamlessly connects crypto and global fiat currencies.

The integration with [Alchemy Pay](https://alchemypay.org/), which is compatible with credit and debit cards, bank transfer payments, and popular mobile wallets, represents an important milestone in the increasing use and adoption of TON. 

To bridge the divide between the digital token economy and the economy of traditional payments, Alchemy Pay’s values are closely aligned with TON, the blockchain that is designed to unite Web2 and Web3 into one open network. 

> “The integration of Toncoin on the Alchemy Pay service marks an important step forward as our native digital token joins the ranks of the preeminent cryptocurrencies in the space,” **said Justin Hyun, Head of Incubation at TON Foundation.** "Reliable fiat-to-crypto on-ramps are vital for onboarding new users into the burgeoning blockchain space". 

Founded in Singapore in 2017, the Alchemy Pay Ramp Solution is integrated with platforms and dApps via plugin or API to provide an easy on and off-ramp between fiat currency and cryptocurrency. 

> "Through this integration, it allows us to offer TON's users a smooth and effortless way to enter the world of cryptocurrency,” **said Robert McCracken, Ecosystem Lead at Alchemy Pay.** "Our unwavering mission has been to provide seamless access to the benefits of cryptocurrency for all individuals and connect everyday people to crypto.”

Alchemy Pay supports payments in 173 countries via different payment methods, such as Visa, Mastercard, Discover, Diners Club, Google Pay, Apple Pay, popular regional mobile wallets, and domestic transfers. Alchemy Pay focuses on emerging markets, and its off-ramping capability remits to users in 50-plus local fiat currencies. Accessibility is core to the Alchemy Pay product, as it looks to facilitate the onboarding of the next hundred million users into Web3.


Toncoin (TON) Now Available on Alchemy Pay’s Fiat-to-Crypto Service 

## TON Foundation Demo Day

On June 14, 2023, 8 teams in the TON ecosystem were invited to demo their products to an audience of investors and strategic partners. These teams were selected for the demo day based on these key criteria: 

Leverage the unique capabilities of the TON blockchain;
Built a working MVP of their product;
Aspire towards a commercial product that users want; and
Exhibit the spirit and quality of TON ecosystem builders.  

Now that the event is behind us, we recognize the demo day as a huge success. The participants had a unique opportunity to showcase their projects to an audience of investors and strategic partners while gaining valuable feedback, presentation experience, and visibility.

[You can now rewatch the recording of our Demo Day on Youtube.](https://www.youtube.com/watch?v=xgQghwpJnKM)

## TON Accelerator - Cohort #1

The [TON Accelerator Program](https://t.me/toncoin/869) has the goal of allocating up to $25M to projects that make a significant positive impact on the TON Ecosystem. 

Following the Demo Day, six teams were chosen to enter the first funded accelerator cohort. As part of the cohort, these teams will receive funding from TonCoin Fund, mentorship from accelerator members, and marketing and other strategic support within the TON ecosystem. 

**Meet the first six accepted participants of TON Accelerator’s first funded cohort:**

- [Prophecy Pulse](https://twitter.com/ProphecyPulse), a social wagering platform that allows you to make wagers with friends within Telegram that are enforced by smart contracts. [Click here to watch their demo clip.](https://www.youtube.com/shorts/O0ra8gKynRY)

- [Storm Protocol](https://twitter.com/storm_trade_ton), a perpetuals platform built on the TON blockchain that allows trading within the Telegram application. [Click here to watch their demo clip](https://youtu.be/2sWRpMkmJ7I)

- [EVAA](https://twitter.com/evaaprotocol), a composable borrow/lend platform that will bring a key DeFi primitive to the TON ecosystem. [Click here to watch their demo clip.](https://www.youtube.com/shorts/YsxThMXawhM)

- [DeDust ](https://twitter.com/dedust_io), a DEX allowing users to earn yield, exchange tokens, and track a portfolio on one convenient platform. [Click here to watch their demo clip.](https://www.youtube.com/shorts/YNUTqhzvxJI) 

- [Ton.Ski](https://twitter.com/tonski_ton), a suite of infrastructure and tools that support [TON Sites](https://ton-sites.org/) and TON storage product lines.[Click here to watch their demo clip.](https://www.youtube.com/shorts/igSFZFqla7g)

- Pluto Studio and their first TG game, [Cat Paradise](https://twitter.com/catparadise_io), a gaming studio with expansive Web 2 mini app development experience that is now optimizing and bringing Web 3 games to the TON/TG ecosystem. [Click here to watch their demo clip](https://youtube.com/shorts/pOYxQt7YJ_U?feature=share)

We are thrilled to welcome these teams to the Accelerator Program and TON ecosystem and are excited to see what they bring next.

## Upcoming TON Accelerator Opportunities 

We aim to host a new TON Accelerator cohort every 4-6 weeks to showcase the incredible talent in the TON ecosystem. 

***If you are a builder interested in joining one of our programs, please [apply here](https://society.ton.org/).***


TON Accelerator Program’s First Cohort Participants

Over the past three months, the total number of accounts and transactions on The Open Network (TON) increased to 2.88 million and 173 million, respectively. TON has become the 14th largest cryptocurrency by total market capitalization, according to CoinMarketCap.
Similar to the previous quarter, TON's technology, ecosystem, and the network's economy improved.

## **Tokenomics**

#### **Tokenomics Deflation Mechanism**

The TON 2023.06 update introduced the new [burn functionality](https://blog.ton.org/ton-community-proposal-to-implement-toncoin-real-time-burn). It was implemented by the community and validators, who [voted](https://blog.ton.org/ton-holders-and-validators-vote-in-favor-of-implementing-the-toncoin-real-time-burn-mechanism) to burn 50% of the network fees, including storage and transaction fees.
This forward-thinking solution means that, although the current burned amounts are insignificant, as the network and transaction volume grows, there could be a noticeable reduction in the circulating Toncoin supply. Decreasing the supply typically stimulates demand.
It is also worth mentioning the creation of the "Black Hole" mechanism, which destroys all Toncoin sent to it. This can be utilized for new deflationary mechanics in the future.

#### **Lockup and Vesting Tools**

"[The Locker](https://github.com/ton-blockchain/locker-contract)", a smart contract allowing users to lock up their coins for an extended period, has been created and tested. It is possible to assign a reward in Toncoin for the locking action. This smart contract can have various applications.
Additionally, a vesting wallet toolkit has been developed, which will be useful for working teams.

## Users

#### **Decentralized Encrypted Messaging**

With the [new update]( https://blog.ton.org/ton-wallet-becomes-an-encrypted-messenger), your TON wallet has also become an encrypted messenger.
Even if the world experiences an apocalypse and regular messenger servers stop working, you will still be able to send important messages through the decentralized TON Blockchain. These messages will be guaranteed to be delivered and securely encrypted.

#### **TON DeFi Growth**

Thanks to the [Liquidity Mining Rewards Campaign](https://blog.ton.org/liquidity-mining-rewards-campaign), the Total Value Locked (TVL) in the network has grown by 2200%, and over $20 million has passed through the token bridge launched last quarter.
Undoubtedly, we will continue to stimulate the growth of the TON DeFi segment moving forward.
Tonkeeper, the most popular TON wallet, has [integrated](https://telegra.ph/Swaps-token-approvals-and-ton-sites-06-12) staking and a decentralized cryptocurrency exchange into its interface.
The decentralized exchanges on TON are also making progress – [DeDust](https://t.me/dedust/58) has received a significant 2.0 update, a new exchange called [FLEX](https://tonflex.fi/) has been launched, and [STON.fi ](https://ston.fi/)has introduced a new Rust SDK, FunC library, and launched the STON token.

#### **DAO & Liquidity Staking Contracts**

Liquidity staking is the newest solution that allows you to earn staking rewards and use your assets in DeFi at the same time. Liquidity staking is also more convenient and accessible for users compared to previous staking options.

New smart contracts for liquidity staking have been developed and you can participate in testing them through the [demo application](https://teststaking.xyz). After the test phase, the source code of the smart contracts will be published under an open-source license. You can find more details in the [documentation](https://ton-ls-protocol.gitbook.io/ton-liquid-staking-protocol). The [Tonstakers](https://tonstakers.com/) team has already announced the creation of a custom service based on these contracts.

An alternative is available – in partnership with DWF Labs, bemo successfully [launched](https://bemo.finance/) its own liquid staking protocol.

#### **Address Reform**

Several changes and improvements have been made to the format of TON addresses. These modifications aim to safeguard inexperienced users from losing their assets in situations where they mistakenly send funds to the wrong address. In most cases, users can retrieve their funds even after such errors occur.
Currently, there is ongoing [public discussion](https://t.me/tonblockchain/196) among TON developers regarding these improvements.

#### **TON NFT Development**

TON NFT has gained popularity in the world of art. The [Playmuse](https://playmuse.org/) marketplace has created a label through which NFT artists from TON Ecosystem can showcase their artwork on Spotify, Apple Music, YouTube Music, and Amazon Music, while receiving royalties in Toncoin cryptocurrency.
On one of the main billboards in Times Square, New York, you could [see](https://t.me/tondiamonds/162) a promotional video for [Ellen Sheidlin's](https://www.instagram.com/sheidlina/) new NFT project, and popular American artist Sarah McDaniel has released her NFT project on TON and produced a [mini-film](https://www.youtube.com/watch?v=y97EqJpkO8k&ab_channel=TONDiamonds) about it.
The South Korean blockchain laboratory Finger Labs will be collaborating with TON as part of the [Favor Alliance NFT](https://favoralliance.io/) initiative, which aims to connect NFT projects with real-world applications. And the Oveit team plans to [revolutionize](https://t.me/toncoin/905) ticketing with TON NFT.

#### **Other Highlights**

- [TON has been integrated into Trust Wallet](https://t.me/toncoin/847).
- Services such as [Changelly](https://changelly.com/), [Onramp](https://twitter.com/onrampmoney), [Mooli](https://ton.mooli.app/), [CoinStats](https://coinstats.app/), and [Chainalysis](https://www.chainalysis.com/crypto-incident-response/) have added support for Toncoin.
- [Collaboration between BIT.com and TON](https://t.me/toncoin/855) has started.
- The [MEXC](https://www.mexc.com/) cryptocurrency exchange has waived all fees for transactions involving Toncoin.

## **Developers**

#### **TVM Update**

The most extensive [update to TVM](https://blog.ton.org/the-most-significant-tvm-update-so-far-extended-cryptography-arbitrary-precision-arithmetic-and-new-instructions) in its history has been released, incorporating advanced cryptography, arbitrary-precision arithmetic, and new instructions. This update makes TVM one of the most versatile virtual machines among all blockchains.
We held a competition to find the best uses of the new features and received [remarkable submissions](https://blog.ton.org/tvm-challenge-is-here-with-over-54-000-in-rewards#results), including the implementation of ZeroKnowledge and SNARK protocols.

#### **Telegram Web Applications**

With the release of the new WebApp API from Telegram, we see tremendous potential in combining TON Blockchain with the 
Telegram Web Applications platform.
For working with Toncoin, your application can seamlessly utilize other bots, such as [@wallet](https://t.me/wallet).
Currently, the [Telegram Web Applications Contest](https://t.me/toncontests/120), with a prize pool of $60,000, is taking place.

#### **Developer Libraries**

Existing development toolset have been actualized. Currently, we recommend developers to use the[ ton.js](https://github.com/ton-org/ton-core) library, the [Blueprint](https://github.com/ton-org/blueprint) environment, and the [IntelliJ IDEA plugin](https://plugins.jetbrains.com/plugin/18541-ton-development) for the development, testing, and deployment of smart contracts on TON.

For payment services and exchanges, [tonweb](https://github.com/toncenter/tonweb) is the ideal choice.

#### **Elector and Config Update**

Originally, our plan was to update the key system smart contracts, specifically Elector and Config, within this quarter. However, we discovered that modifying these contracts will also be necessary for third-quarter tasks, including the launch of extra-currencies. Since altering the system contracts is a significant and resource-intensive undertaking, we have made the decision to postpone the update until the third quarter and address all the tasks simultaneously.

[New Elector and Config Contract Code](https://github.com/ton-blockchain/governance-contract)

#### **Core Updates**

In this quarter, three core updates were made: [2023.04](https://github.com/ton-blockchain/ton/releases/tag/v2023.04), [2023.05](https://github.com/ton-blockchain/ton/releases/tag/v2023.05), and [2023.06](https://github.com/ton-blockchain/ton/releases/tag/v2023.06), focusing on optimization, security, and protection against DDoS attacks.
The FunC language received two updates: [0.4.3](https://github.com/ton-blockchain/ton/releases/tag/v2023.04) and [0.4.4](https://github.com/ton-blockchain/ton/releases/tag/v2023.05).

#### **Intermediate Results of Rainbow Cross-Chain Development for The Open Network**

At the BUIDL Vietnam 2023 event, Roman Nguyen presented our [significant results](https://blog.ton.org/intermediate-results-of-rainbow-cross-chain-development-for-the-open-network) in the development of a unique **cross-chain** solution that works entirely without intermediaries and private keys, and checks all data on smart contracts.

#### **New GameFi Tools**

[TON Play](https://tonplay.io/) released the Unity SDK and payment management for games, and also hosted an offline game development meetup.

#### **Community**

[Five TON contests](https://t.me/toncontests) were conducted with a total prize pool over $200,000. These contests included the Telegram Web App Contest, TON Wallet Contest, TVM Contest, Wiki Contest, and Locker & TVM Bug Bounty.

A new large-scale [Hack-a-TON](https://t.me/toncoin/866) program was announced, to be conducted in collaboration with [DWF Labs](https://twitter.com/DwfLabs) and [AWS Startups](https://twitter.com/AWSstartups), with a prize pool of 150,000 Toncoin.

Grant recipients for the second quarter have been [approved](https://t.me/toncoin/860).

The TON Accelerator Program [will allocate up to $25 million](https://t.me/toncoin/869) to promising projects based on TON in 2023.

## **Conclusion**

TON is actively growing and reaching new heights. In the next quarter, we plan to introduce new cross-chain solutions, continue optimizing tokenomics, stimulate growth in the DeFi segment, and conduct public stress testing of the blockchain.



TON – Q2 2023 Results

<video autoPlay playsInline controls preload="auto" muted style="border-radius:16px" width="340px"><source src="https://storage.googleapis.com/ton-strapi/165_1688397313_f17874bee0/165_1688397313_f17874bee0.mp4?updated_at=2023-07-03T21:22:33.904Z" type="video/mp4" /></video>

In The Open Network, when sending Toncoin, Jettons, or NFT, you have always been able to include an arbitrary text comment for the recipient. For example, "For coffee" or "Gift! Happy Birthday!" This is a simple but useful feature that is not available in most other blockchains.

With the new update, you can now encrypt text when sending messages with transactions. This feature uses end-to-end encryption, so that only the sender and the recipient can view the message.

Even in the event of an apocalypse and the failure of conventional messenger servers, you will retain the ability to send messages via the decentralized TON blockchain. Rest assured that these messages will be reliably delivered and safeguarded through encryption.

With TON, the network fee for delivering such messages is approximately 0.006 TON, allowing everyday use.

We are excited to work on technologies that make our world more free and stable!

The new feature has already been supported by [standard web](https://chrome.google.com/webstore/detail/ton-wallet/nphplpgoakhhjchkkhmiggakijnkhfnd), desktop wallets ([Windows](https://ton.org/Wallet.exe), [MacOS](https://ton.org/Wallet.dmg), [Linux](https://ton.org/Linux-wallet.zip)) and [MyTonWallet](https://mytonwallet.io/). Encryption for messages will be available in upcoming updates for TON mobile wallets and the Tonkeeper wallet.

— The recipient must be a wallet that has at least one outgoing transaction

— Please do not send an encrypted comment when depositing on an exchange or payment services

[Specification for developers](https://docs.ton.org/develop/smart-contracts/guidelines/internal-messages#messages-with-encrypted-comments)

TON Wallet Becomes an Encrypted Messenger

The Open Network currently provides multiple excellent cross-chain solutions: a [bridge for Toncoin](https://bridge.ton.org) between the TON network and Ethereum or BNB Smart Chain, as well as a [token bridge](https://bridge.ton.org) that enables the transfer of Ethereum tokens (such as USDT or USDC) to the TON network and vice versa.  
Smart contracts and decentralized oracles manage the transfers between the networks. This commonly accepted solution ensures stability and security. However, we strive to take it to the next level so you can conduct all operations on smart contracts without intermediaries at all: 
- no private keys that can be stolen as a result of a hacker attack
- smart contracts check all data, and if it is invalid, then such an operation is rejected

Such solutions are called "trustless" or "rainbow," and achieving something similar is a technically complex and ambitious task. At the moment, literally few blockchains have such technology at their disposal.
For over six months, together with the [RSquad ](https://rsquad.io/)team of blockchain experts, we have been working on such a solution for the TON blockchain, and we are pleased to announce the intermediate results.
## TON → EVM Direction
We have developed a technology for transferring Toncoin from the TON network to any EVM network that operates entirely on smart contracts.

To make this possible, we have done significant work and implemented, in the Solidity language, the entire logic for verifying and confirming blocks and transactions of the TON blockchain.

The mechanism for expanding functionality is provided - in addition to Toncoin transfers, developers can easily add support for token transfers, NFTs, and other cross-network operations.

You can already review the open-source code of these smart contracts and a demo application that allows you to transfer Toncoin from the TON testnet to the Ethereum testnet.
[The bridge demo is available here.](https://ton-trustless-bridge.rsquad.solutions/)
Source code:
- [EVM Contracts](https://github.com/ton-blockchain/ton-trustless-bridge-evm-contracts)
- [Optional Relayer](https://github.com/ton-blockchain/ton-trustless-bridge-relayer)
- [Frontend](https://github.com/ton-blockchain/ton-trustless-bridge-frontend)

To access docs, [click here](https://docs.ton.org/trustless-interaction-with-ton_v1.1_23-05-15.pdf).
## Ethereum → TON Direction
Next, we are working on supporting transfers from the Ethereum network to the TON network. In this case, it is necessary to validate the transactions and blocks of the Ethereum network using TVM smart contracts.

We conducted in-depth research on this topic, which you can review at [docs.ton.org](https://docs.ton.org/ton-trustless-bridge_tvm-and-zk_v1.1_23-05-15.pdf). 

With the [latest update](https://blog.ton.org/the-most-significant-tvm-update-so-far-extended-cryptography-arbitrary-precision-arithmetic-and-new-instructions) to the TON Virtual Machine (TVM) and the addition of advanced cryptography, there are no more obstacles, and along with the RSquad team, we are proceeding with this part of the work.
## Conclusion
The Open Network project devotes much time to creating solutions and technologies that connect different networks while aiming at maximum decentralization and security.

We hope these intermediate results will interest developers, and we plan to complete the work's second part by the end of this year.


Intermediate Results of Rainbow Cross-Chain Development for The Open Network

On June 1, 2023, the [TON Community proposed a deflationary burn mechanism for the TON blockchain](https://blog.ton.org/ton-community-proposal-to-implement-toncoin-real-time-burn) that will effectively burn 50% of all transaction fees received by the validators, including transaction and storage fees. 

First, the proposal went live on the [TON Community Vote](https://ton.vote/EQC5E53rXLTWHzsYAdudAG3p6n45c0MuvoKDCGDFnu4OmuMb/proposal/EQAx5JjTHpQ_5EeWBAErl4_AWhh_JFBh2UvuTWAeqdbpC0C1), where it received overwhelming support, with 98.22% of votes cast in favor of the proposal and only 1.07% opposing the implementation. Less than 1% of voters abstained from the decision. The community vote started on June 5 and ended on June 13, with 800 TON holders casting their votes, a total of over 372,000 TON. 

Afterward, it was TON Validators’ turn to cast their votes and ultimately decide on implementing the real-time burn mechanism. The validators’ vote started on June 15 and ended on June 17, with 261 validators participating, resulting in 76.3% of validators voting in favor of the proposal. 

In conclusion, the TON community and validators approved the deflationary mechanism, and the implementation went live on Saturday, June 17. **The Open Network is now burning 50% of all transaction fees, and the burn will continue indefinitely.**

## How to check the total burn amount
1. Go to https://dapp-01.tontech.io/graphql
2. Paste the following query into the text field:
```graphql
query {
    aggregateBlocks(
        filter: {
            workchain_id: {
                eq: -1
            }
            gen_utime: {
                ge: 1686903295
                lt: 1784540800
            }
        },
        fields: [ { field: "value_flow.burned", fn: SUM } ]
    )
}
```

3. Press the "play" icon. The result will appear on the right side. Please note that the result is expressed in nanotons, divide the result by *1e9* to get the total TON burned.  ![](https://storage.googleapis.com/ton-strapi/burn_072817bb09/burn_072817bb09.jpg) 
4. *968,200,525,245 nanoton / 1e9 = 968.200 TON* burned at the time of publishing of this article. 



Thank you for voting and making your voice heard. 


TON Holders and Validators Vote in Favor of Implementing the Toncoin Real-Time Burn Mechanism

DeFi protocols have revolutionized the financial landscape, providing decentralized solutions and empowering users with unprecedented control over their assets. However, sustaining liquidity and driving user growth remain constant challenges we must address. That’s why we’re introducing the new [DeFi Liquidity Incentive Program](https://ton.org/en/defi-liquidity-program) to incentivize projects to reinvest funds in sustainable growth strategies and user-centric development.

The previously launched Open Challenge liquidity scheme has its limitations, primarily focusing on Total Value Locked (TVL) without ensuring that the funds are used to benefit the ecosystem and attract new users. Moreover, the current system is prone to error, lacking transparency and accountability. It is crucial to revamp this scheme to achieve organic sustainability within the DeFi space inside the TON Ecosystem. 

### **DeFi Liquidity Incentive Program**
The new DeFi Liquidity Incentive Program introduces a comprehensive set of qualification criteria to identify projects that align with the goals of sustainable growth and user-centric development. 

**These criteria include:**
- **Innovativeness of the project:** Projects that bring novel ideas and technological advancements to the DeFi ecosystem will be prioritized.
- **Business plan:** Projects must outline a clear strategy for utilizing the funds to drive growth and enhance user experience. A well-defined plan increases the chances of qualifying for the incentive.
- **Significance in the TON ecosystem:** The project's impact on the TON ecosystem and its potential to contribute to its overall development will be evaluated.
- **Trackability of fund utilization:** Projects need to propose a plan for the Ton Foundation to effectively monitor the utilization of funds, ensuring they are reinvested to drive user growth and transactions.

### **Funding and Progression Mechanism**
The new[ DeFi Liquidity Incentive Program](https://ton.org/en/defi-liquidity-program) follows a progressive, milestone-based approach to funding projects. Once a project qualifies for the scheme and the TON Foundation accepts its plan, it receives an initial sum of money. Additional funds may be granted based on the successful utilization of the initial funds and project growth. 
Key Performance Indicators (KPIs) and milestones should be quantifiable, reflecting an increase in Daily Active Users (DAUs), Monthly Active Users (MAUs), TVL, or transactions. By focusing on achieving these milestones, projects will demonstrate their commitment to sustainable growth and user engagement.

### **Advantages Over the Existing Open Challenge**
The new DeFi Liquidity Incentive Program brings several notable improvements compared to the previously launched Open Challenge:

- **Shift from TVL focus:** The original plan primarily incentivized projects based on TVL. In contrast, the new initiative prioritizes the reinvestment of funds to drive development, ensuring that benefits are passed on to the users.
- **Comprehensive eligibility criteria:** The new plan considers various factors, such as project innovativeness, business plan, significance in the TON ecosystem, and trackability of fund utilization. This approach encourages projects to present well-rounded proposals and fosters innovation within the DeFi space.
- **Progressive, milestone-based approach:** Unlike the one-off rewards in the previous scheme, the new plan emphasizes progressive funding based on achieving specific milestones. This approach encourages ongoing development and long-term sustainability.

Introducing the new DeFi Liquidity Incentive Program marks an important step towards sustainable growth and enhanced user experiences within the DeFi ecosystem. By shifting the focus to project development and user-centric strategies, this initiative ensures that funds are reinvested to benefit the entire community. With more comprehensive eligibility criteria and a milestone-based approach, the program aims to foster innovation and drive the DeFi space toward organic sustainability.

Applications to the program will open on 6. June. We made the application process as straightforward and fast as possible. Once you apply, our business development team will review your application and inform you about your acceptance within XX days. 

**[Apply for Funding ](https://ton.org/en/defi-liquidity-program)**

Announcing the New DeFi Liquidity Incentive Program for TON Ecosystem

The TON Foundation is launching a significant incentive campaign spread out over the next several months, intending to bolster DeFi decentralized applications (dApps) within the TON ecosystem. This plan supports protocol development, liquidity mining, and rewarding projects based on their on-chain performance.  

Starting on June 5th, the first round of our liquidity mining rewards campaign will dispense a total sum of $720,000 in Toncoin ($TON), incentivizing liquidity mining on three main decentralized exchanges (DEXs) - [Megaton Finance](https://megaton.fi/), [STON.fi](https://ston.fi/), and [DeDust](https://dedust.io/swap). The campaign is set to run for a full month, wrapping up on June 30th. Users contributing to the liquidity pools of jUSDt, jUSDC, and jWBTC on these DEXes stand to gain additional $TON rewards.

Running parallel to this campaign is the inaugural "Embrace DeFi on TON" event tailored to highlight a series of marketing opportunities for participating in TON DeFi. The goal is to raise awareness and boost participation within the TON DeFi community. Participants can look forward to a series of thrilling tasks and challenges. Examples include joining our TON DeFi Telegram for a lucky draw, engaging in the swap2earn event on Rubic, and participating in the bounty programs with Megaton and STON.fi.

So, fasten your seat belts and join us for a deep dive into the DeFi world on TON, where you can learn, earn, and thoroughly enjoy the experience. Embrace the opportunity to become a TON Degen! Join us,  and let's redefine the frontiers of decentralized finance together.

### 1. TON Foundation x Port3 lucky draw
TON Foundation and [Port3](https://port3.io/) are hosting a couple of social events starting June 5th in our new Telegram group TON DeFi. Join and stand a chance to win $TON tokens and Telegram premium accounts! [See the full list of activities.](
https://soquest.xyz/space/TONnetwork/campaign/ToFeOVhOlC)

### 2. Megaton Finance
[Megaton Finance](https://megaton.fi/) is excited to announce a range of bounty events on Gleam from June 5th to July 2nd in conjunction with this DeFi Campaign! Take part in social platform activities, the Megaton Quiz, Swap Competition, Farming Pool, and more for a chance to win up to 10,000 $META rewards. Plus, staking on Megaton will grant an additional incentive of 120,000 TON! Join us for this exciting DeFi adventure with Megaton.
[You can explore the event here.](
https://ozys.notion.site/ozys/Megaton-fi-DeFi-Season-dc30f09d85ec46d1b141ecc60070db8d)

### 3. STON.fi
This week, [STON.fi](https://ston.fi/) kickstarts the largest-ever TON community airdrop, with a whopping 300,000 $STON up for grabs! Hosted on the Zealy platform, participate in a series of social, daily, and swap activities to join this rewarding event. Dive in now!
[Click here to participate. ](https://zealy.io/c/stonfi)

### 4. DeDust
[DeDust](https://dedust.io/swap) announces the continuation of its community incentive program for the CIS region during the liquidity incentive period. Special attention will be given to our Russian and Asian audiences, who will have the opportunity to be at the forefront of Dedust's community activities. 

### 5. Rubic Swap2Earn
[Rubic](https://rubic.exchange/), a Cross-Chain Tech Aggregator, is excited to announce that the TON blockchain is now supported on Rubic.exchange, alongside 60+ other networks. To celebrate the  "Embrace DeFi on TON" event, Rubic is hosting a special event from May 31st to June 15th. During this period, if you swap more than $20 to TON on https://app.rubic.exchange, you will receive 200 Rubic tokens (RBC) for your first swap, and 100 RBC each for your next two swaps, up to a total limit of $10,000.

[Click here to learn more](https://cryptorubic.medium.com/rubic-is-joining-the-defi-month-on-the-open-network-ton-for-a-joint-campaign-76acfb414297).


Embrace DeFi on TON with Tasks, Challenges, and Rewards

### Results
  |Rank|Project name|Judge 1|Judge 2|Judge 3|Judge 1|Judge 2|Judge 3|Total|Reward in TON|
  |---|---|---|---|---|---|---|---|---|---|
  |1|[snarkjs-func](https://github.com/hrmon/snarkjs-func/tree/func)||It is awesome that in addition to the working examples and Groth16 / Plonk tests there is an integration in snarkjs. Although the project template can be greatly improved, at the moment it is static and not very convenient. ||11.5|11.5|11.5|34.5|5 691|
  |2|[Snarkjs TVM Integration](https://github.com/kroist/snarkjs)|This is good work, but project of hrmon is more complex.|The project is compatible with common phase 1 for any zk-snark project to start their circuit-specific phase 2 ceremony. It's high-performing and can be used directly in the browser or in node.js, with the low-level cryptography executed in wasm. Overall, it seems like a well-thought-out project with a detailed outline of its features.|I'm not very familiar with zk, but to me the addition in this project over the original is pretty basic. It does use new opcodes for BLS, seems like in a basic way.|9|10.5|9|28.5|5 053|
  |3|[Wallet v5](https://github.com/ProgramCrafter/wallet-contract)|||1. Making all functions inline is not the optimal way if you call them in different parts of code. 2. Plugins and continuations in signed messages are considered by trusted sources and called without isolation but they should not be trusted. 3. Timestamp of the signed message does not have upper limit, delayed message attack is possible.|9|10|9|28|4 268|
  |3|Clean.ton||The project has single contract that stores all pools, I'm seeing a bit of scalability and efficiency issue here. Contracts repository should've had testing suites and running examples. Also ring signatures are a bit of controversial topic, there has been a lot of discussion that through probabilstic models one can trace back identities using EAE attacks. Large ring sizes may decrease the chance signifcantly but they also decrease practicallity and efficiency.|RIST255, HASHEXT|9|10|9|28|4 268|
  |4|[Tonnel Network - Tornado implementation on TON blockchain](https://github.com/saberdotcoder/tonnel-network)||The contracts are equivalent to tornado-core, and they seem to work properly. However, the code can be heavily optimized and there are more efficient solutions than sha256 that can be used for the project.|The code could be optimized and written in more readable and efficient manner. Looks good overall.|9|9|9|27|3 359|
  |5|[Circom integration](https://github.com/ton-circom-integration/readme)||Project use PLONK (it can be less efficient in certain cases but more flexible)|Project use and test BLS12-381 and Hashes|7|9.5|8|24.5|2 391|
  |5|[FrosTON](https://github.com/alirezatabatabaeian/FrosTON)||||8.5|7.5|8.5|24.5|2 391|
  |6|[Merkle Proof for Bridging](https://github.com/redsteep/tonbridge)|||The efficiency of such a project would primarily depend on the execution of the cross-chain transactions and the data verification procedures implemented. An efficient implementation should minimize unnecessary computational steps and optimize data storage and retrieval.|6|6|5.5|17.5|1 476|
  |7|[zero-gas-vote-ton](https://github.com/UltraNihilist/0-gas-vote-ton)||||4.5|3.5|4.5|12.5|744|
  |8|[TBDt & TDA Concept — Tokenized Decentralized Backend template & Tokenized Decentralized App Concept](https://github.com/somewallet/ton_nft_dapp/tree/tvm-upgrade-2023.07)|The project is implementation of a special structure. The general expediency of the project and what benefits can be obtained by implementing the project in the blockchain and not in a simple database are not clear.|Further performance optimization may be necessary due to the potential involvement of significant data storage, retrieval, and updating operations in this model.Overall, the "TDBt" project appears to be an innovative and technically complex project with the potential to advance the use-cases of NFTs and expand the scope of decentralized applications. However, a closer look at the project's efficiency, particularly in its contract optim ization and gas usage, would be beneficial for a more thorough evaluation.||5|6|1|12|281|
  |9|[evm-over-ton-vote](https://github.com/liketurbo/evm-over-ton-vote)|The front-end is not implemented as well, it's just a starter without ton-connect implementation and without filling page content. The idea is reasonable but project implement <5% out 100. The project generally not needed new instructions.|All elements are partially implemented|The project seems to only provide a frontend, while the contract itself is almost unimplemented!|2.5|2|0|4.5|71|\n

We’re excited to announce a new contest for all smart contract developers on TON titled TVM Challenge. This competition aims to explore and showcase the new features and opcode use cases introduced in the upcoming TVM update. As a smart contract developer, this contest allows you to delve into the latest advancements in TVM and discover new possibilities for creating innovative products on TON.

**How to apply:**

1. Project name
2. A short description of up to three sentences. If necessary, an additional explanation of why new TVM operations are needed
3. Link to GitHub or project web-page
4. TON address

More details about the process of proposals will be published on the [Telegram channel](https://t.me/toncontests).

### Prize Pool
We have allocated a total **prize pool of 30,000 Toncoin** (TON) for this contest. The prize money will be distributed among the participants who showcase the best utilization of the new TVM features. A panel of esteemed jury members will do the evaluations.

### Evaluation Criteria
The jury will evaluate each project submitted to the contest. The jury will use a combination of different criteria to score each project on a scale from 0 to 3. 
**The criteria include the following:**

- **Relevance:** The jury will assess how much the project addresses a genuine need for new TVM instructions in smart contracts.
- **Efficiency:** The jury will evaluate the optimization of the project and the use of gas, exploring ways to improve and optimize implementation.
- **The uniqueness of the idea:** The jury will consider the originality and novelty of the project, taking into account the possibility of applications that the committee may not have been aware of previously.
- **Technical difficulty:** The jury will assess the level of technical complexity involved in the project’s implementation.

**For each criterion, the jury will assign a score ranging from 0 to 3 based on the following scale:**

- 0 points: The solution does not satisfy the given criteria.
- 1 point: The solution barely satisfies the given criteria.
- 2 points: The solution fits the given criteria but requires improvements.
- 3 points: The solution fully meets the given criteria.

It is important to note that the score for technical difficulty carries a weight of 1.5, giving it additional significance in the evaluation process. The maximum score a project can achieve is calculated as 3 (assuming that each project is assessed by 3 judges) multiplied by the sum of the scores for the other criteria plus 1.5 times the score for technical difficulty, resulting in a maximum score of 40.5.

### The Jury

- Andrey Tvorozhkov - Disintar / dton	 
- Steve Korshakov - Independent TON evangelist, Tact Lead	 
- Tim - TON Diamonds	 
- Dan Volkov - TON Whales	 
- Nikita Kuznetsov - OpenMask	 
- Shahar - Orbs	 
- Amin Rezaei - Skyring Foundation / Rift framework	 
- Andrey Pfau - TON Foundation	 
- Nick Nekilov - DeDust	 
- Vladimir Lebedev - Independent TON Researcher	 
- Dario - STON.fi	 
- Dr. Awesome Doge - TonX Studio


### Resources
To participate in the contest and familiarize yourself with the new TVM update, please refer to the following resources:

- [List of all new opcodes from the upcoming TVM update](https://docs.ton.org/learn/tvm-instructions/tvm-upgrade)
- [Git source code with the new TVM update](https://github.com/ton-blockchain/ton/tree/testnet)
- [Official TON Docs](https://docs.ton.org/)
- [Blueprint/Sandbox](https://t.me/thetontech/56) with upgraded TVM 

We encourage you to explore these resources thoroughly to gain a comprehensive understanding of the changes introduced in the upcoming TVM update.

### Bonus
If you find vulnerabilities or bugs in new TVM features on the testnet, you may be eligible for a [bug bounty](https://github.com/ton-blockchain/bug-bounty). 

We wish all participants the best of luck. Our jury is looking forward to seeing your ideas. 

### Results

Here are the projects from the contest that are currently being evaluated by the jury. We have eliminated any submissions that were found to be invalid.

 · [Wallet v5](https://github.com/ProgramCrafter/wallet-contract/)

 · [Tonnel Network - Tornado implementation on TON blockchain](https://github.com/saberdotcoder/tonnel-network)

 · [Snarkjs TVM Integration](https://github.com/kroist/snarkjs)

 · [Simple ton](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.interviewbit.com/blog/blockchain-projects/&ved=2ahUKEwjKyOvqt9H_AhXpsaQKHT0SAM4QFnoECBAQAQ&usg=AOvVaw2aQ5Ywy3xFrugU6jCQO1Lv)

 · [Circom integration](https://github.com/ton-circom-integration/readme)

 · [evm-over-ton-vote](https://github.com/liketurbo/evm-over-ton-vote)

 · [Merkle Proof for Bridging](https://github.com/redsteep/tonbridge)

 · [0-gas-vote-ton](https://github.com/UltraNihilist/0-gas-vote-ton)

 · [snarkjs-func](https://github.com/hrmon/snarkjs-func/tree/func)

 · [TBDt & TDA Concept — Tokenized Decentralized Backend template & Tokenized Decentralized App Concept](https://github.com/somewallet/ton_nft_dapp/tree/tvm-upgrade-2023.07)

 · [FrosTON](https://github.com/alirezatabatabaeian/FrosTON)

The evaluation of these projects is currently in progress. Each project will be carefully assessed with feedback from the jury. We are working diligently to finalize the evaluations and will soon be ready to publish the results.

Stay up TON dated in our [channel.](https://t.me/toncontests)

TVM Challenge Is Here With Over $54,000 in Rewards!

Toncoin is [The Open Network](https://ton.org/) (TON) ecosystem’s native cryptocurrency, designed with an initial supply of 5 billion. The TON Community proposes implementing a **deflationary mechanism to burn 50% of all transaction fees, including transaction and storage fees**, decreasing the circulating supply.

This initiative is an essential step for the future development of the ecosystem, which unites the interests of users and validators.

TON validators receive staking rewards from two sources – transaction fees paid by users and new coins issued for each processed block. With further growth of the network adoption, fewer coins will enter circulation, and validators will still keep 50% of transaction fees for themselves. The deflationary mechanism will only affect the transaction and storage fees while the amount of newly issued coins remains unchanged. 

Some TON projects previously experimented with a so-called “black hole” mechanism, sending Toncoins to a specific wallet with a burn function. Coins in this address were rendered unusable and cannot be transferred or accessed. However, this process was manual and voluntary.  


### **What is a coin burn?**
A token or coin burn refers to the process in which a cryptocurrency project eliminates a portion of its tokens and decreases the available supply. These tokens are transferred to an inactive wallet with an undisclosed private key, rendering them permanently unspendable.
Token burns are commonly executed periodically, such as quarterly or semi-annually, but there are also real-time or auto-burns. In the case of a real-time burn, a specific amount of assets gets burned with every transaction or block. The TON Community proposes a real-time burn deflationary mechanism that will destroy a fixed portion of all fees paid by users for transactions in each block. This will decrease total and circulating supply, providing a sustainable and safe long-term growth plan for TON’s ecosystem. 
**The proposed burn ratio is 50% of all transaction fees paid by users**. 

### How much TON will the real-time deflationary mechanism burn? 
We estimate the immediate burn amount will be around 350-400 TON daily, 50% of daily fees of 700-800 TON. As the TON ecosystem grows and the number of daily transactions increases, the burned amount will grow, eventually leading to a visible decrease in the total supply. 
### How will the real-time burn affect me as a TON holder and user?
The real-time burn will not directly impact your holdings, and there’s no action required from your side. The long-time effects of a decreased supply should favor TON holders, but this heavily depends on Toncoin’s use cases and market demand. 
### When will the real-time burn start? 
As TON is a decentralized ecosystem, the TON Community, or any single entity, cannot implement any proposals without the consensus of the majority of TON validators. The TON Community has already proposed the implementation to TON validators, and the discussions are ongoing.

The deflationary mechanism will be automatically applied once validators vote for the proposal. 
### How will be the real-time burn executed from the technical perspective?
All the commissions in the shard’s block are summed up in the block's header. When the block is getting registered in masterchain by masterchain validator, the commissions are added to the message which is sent to the Elector [contract].
After the launch of the deflation mechanism, the Elector will send only half of the transaction fees to the validators. Elector will send the remaining 50% to a black hole address, removing the coins from circulation. The TON Community proposed a burn ratio of 50% of the validators’ commission. 

If you are interested in the exact details of the proposed implementation, you are welcome to consult the whitepaper or dive directly into the [implementation’s source code](https://github.com/ton-blockchain/ton/pull/703).


TON Community Proposal to Implement Toncoin Real-Time Burn

In a dynamic step towards blockchain interoperability, the TON Foundation introduced a new two-way bridge this April, facilitating seamless transfers of ERC-20 tokens between Ethereum and the TON network. This new bridge offers a transactional interface for Ethereum-based tokens such as **Wrapped Bitcoin (wBTC), Tether (USDT), USD Coin (USDC), and Dai (DAI)** to be converted into [Jettons](https://docs.ton.org/develop/dapps/defi/tokens), TON's natively wrapped fungible tokens.

The commission fee for this service remains at a fixed price of 1 TON, in addition to Ethereum's network fees for the transaction.

This tutorial explains how to use the new TON ERC-20 bridge to transfer assets between the TON and Ethereum networks so you can gain access to DeFi projects within the TON ecosystem.

**Instructions**
Before you start, ensure you have wallets compatible with both TON and Ethereum networks and sufficient balance to pay the transaction fees.

1. Download and install the [MetaMask ](https://metamask.io/)browser extension wallet. If you already have a MetaMask wallet, skip this step.
2. Download and install [MyTonWallet](https://mytonwallet.io/), the browser extension wallet for TON. You can create a new address or log in to an existing one.
![img](/blog/ton-erc-20-bridge-tutorial/1.png)

⚠️ Don't use incognito mode in your browser, as it may affect the extension's performance and lead to a loss of funds!
## **Transfer from Ethereum to TON**
1. Go to [bridge.ton.org](https://bridge.ton.org/) and click on "Connect Wallet".
1. Select the token you want to bridge, for example, USDT.
1. Enter the amount and your TON receiving address. Verify that the address is correct. Transactions are irreversible.
![img](/blog/ton-erc-20-bridge-tutorial/2.png)

1. Click the "Approve" button to confirm that you agree to transfer USDT over the bridge and confirm the transaction in the MetaMask pop-up. After the transaction is processed, the "Transfer" button will appear.
1. Click on the "Transfer" button and confirm the transaction in MetaMask. Do not close the window and wait for the transaction to be confirmed on the Ethereum network (65 blocks).
1. Click on the "Get USDT" button and pay 1 TON in the pop-up window of the MyTonWallet extension.
1. Wait for the transaction confirmation. The tokens will be automatically sent to your address on the TON network with jUSDT (Jetton) ticker.

You can check the transaction details via the [TONscan.org](https://tonscan.org/) explorer.
![img](/blog/ton-erc-20-bridge-tutorial/3.png)

## **Transfer from TON to Ethereum**
1. Go to [bridge.ton.org](https://bridge.ton.org/) and choose the right direction for the bridge, in this case, "The Open Network" to "Ethereum Network."
![img](/blog/ton-erc-20-bridge-tutorial/4.png)
1. Select the token for transfer (in our case, jUSDT on TON) and enter the amount to transfer. In the Ethereum Receiving Address field, enter the address of your Ethereum wallet.
1. Click the “Transfer” button and confirm the transaction.
1. Follow the same steps as above.

**IMPORTANT:** Please note that the permissionless nature of blockchain allows anyone to create a token and name it as they wish, allowing malicious actors to create scams and fake coins. Always verify that you’re sending your tokens to the correct address and using “real” tokens. 








Navigating the New TON ERC-20 Bridge: A Brief Tutorial

We are thrilled to unveil the list of grant recipients approved by TON Foundation for Round 2 of Q2 2023!

The support we grant to the following projects will bring significant benefits to TON Сommunity. These include a decentralized prediction marketplace, a ticketing protocol for TON, tooling and documentation for the Tact language, integration of Telegram and TON for grants management, and an online IDE for streamlined programming of TON smart contracts.

**[Wagmi11](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x256)** - **Decentralised Crypto & Sports Prediction Marketplace on TON Blockchain**. Wagmi11 enables enthusiasts to predict the outcome of a crypto, sports, geopolitical events, and many more. Users stake some amount of TON as a fee and predict the outcome of the events. [Join Community](https://t.me/wagmi11)

**[A6g.events](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x286)** - **Ticketing protocol for TON Ecosystem**. Anything.events team is working on a standard of tickets entity for TON Blockchain and implementation of core use cases for tickets purchase, management, verification and anti-fraud measures. [Join Community](https://twitter.com/a6g_events)

**[Tact Foundation](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x2e6)** - **Tooling and documentation for Tact language, the go-to solution to build on TON Blockchain**. Tact Foundation is getting ready to run a diverse set of initiatives supporting the development of the Tact language. This includes documentation, examples, standards implementation (NFT, wallet, jetton), syntax highlighting, and toolkits such as IDE plugins, an explorer code verifier module, and support of online IDE. [Join Community](https://t.me/tactlang)

**[Questbook](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x2f8)** - **Integration of Telegram and TON for better grants management process**. Questbook team is now enabling Telegram notifications for proposals and comments, integrating [TON Wallet](https://wallet.ton.org) for direct payouts, and connecting [Tonkey](https://tonkey.app) for multi-signature wallet functionality. [Join Community](https://twitter.com/questbookapp)

**[Nujan IDE](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&chainId=10&role=admin&proposalId=0x29c)** - **Online IDE for seamless programming of TON smart contracts**. [Nujan IDE](https://nujan.io) is a web browser-based IDE that is designed to write, test, compile, deploy, and interact with your smart contract. A developer can write a smart contract from anywhere, on any device without any setup, configuration, or download. User-friendly interface, fast compilation process, and code-sharing feature make the process of contract deployment simple, fast, and accessible for all users. [Join Community](https://twitter.com/nujan_io)

We invite you to participate in our grants program both as a project builder and as an evaluation contributor. As a builder, you can **[submit your project proposal](https://questbook.app/proposal_form/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10&newTab=true)** on our Questbook page or **[join discussions](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10)** on specific projects to ensure we support the best possible ideas.


TON Foundation Grant Support: Q2 2023 #2

**The Open Network (TON) Unveils DeFi and Data Analytics Hackathon in Collaboration with DWF Labs and Amazon Web Services**

The Open Network (TON)  in collaboration with DWF Labs and Amazon Web Services (AWS), is hosting a decentralized finance (DeFi) and Data Analytics Hackathon, Hack-a-TON x DWF Labs x AWS.

The hackathon provides developers interested in DeFi and data analytics with the opportunity to design, code, learn and network as they bring their ideas to life. Participants will be able to engage with a vibrant community of Web3 builders, obtain access to virtual workshops led by experienced mentors and specialists, and showcase their ideas at the event finale.

The winning project will receive investment from DWF Labs to transform their idea into reality. In addition, there’s a total prize pool that includes prize money of 150,000 USD worth of Toncoin (TON), the native cryptocurrency of TON, and an additional 150,000 USD worth of TON in grants and [AWS Credits](https://aws.amazon.com/awscredits/) worth USD 115,000. TON is used for transaction fees, securing the TON blockchain through staking, deciding how the network develops and settling payments.

Throughout the duration of the hackathon, there will be regular virtual workshops for all participants and online assistance from AWS, DWF Labs and TON mentors who will be ready to answer questions from teams in the hackathon chat while the building phase runs from **May 27 until July 27.**

The sessions are designed to aid builders and provide them with the skills, knowledge, and time they need to build on their ideas, bring their projects to life, and network with other participants. Participants who successfully complete the hackathon will receive exclusive NFTs; and teams who make it to the final round will be entitled to exclusive merchandise and stand to win from the prize pool.

Registration for Hack-a-TON DWF Labs x AWS kicks off on May 27, 2023 at 12:00 (UTC+4), together with the build phase. Registration will close on June 27, 2023, at 12:00 (UTC+4), with the build phase continuing until July 27, 2023, at 23:00 (UTC+4), when all applications must be submitted.

Participants are encouraged to apply as early as possible in order to have more time to build their projects. Each team is required to go through the registration process and receive approval prior to participation. Teams can consist of between three and five people, and are required to use open-source code and make this accessible after the build phase concludes.

Once the build phase is complete, Hack-a-TON x DWF Labs x AWS [judges](https://www.defi-hackaton.com/) will evaluate each project from July 27 until August 10, 2023, with the list of 20 finalists to be announced on Friday, August 11, 2023. Each project will be rated for its potential to achieve growth in the TON ecosystem, technical accomplishment, ‘Wow’ factor and business merit. Finalists will then have one month to prepare for their project showcase, from August 11 to September 10, 2023.

Hack-a-TON x DWF Labs x AWS will conclude with an offline showcase on September 11-12, 2023 at the AWS Headquarters in Singapore. For the final round, the judging criteria will be slightly different, with each project rated based on its pitch, quality of idea, ‘wow’ factor, problem solving and business merit. The offline showcase will take place as a precursor to TOKEN2049, Singapore's premier annual crypto event that brings together founders and executives of the world's top Web3 projects.

All participants will receive exclusive NFTs and the finalists who attend our showcase will get a cool merch pack. Winners will receive DWF Lab’s prizes once the hackathon is over and TON Grants will be paid upon each milestone completion.

> TON price used will be the average over the 2-months spanning the hackathon.

All participants at the offline showcase will receive exclusive NFTs and cool merchandise packs. To register for the event, use [@toncontests_bot](https://t.me/toncontests_bot)  to complete the process.

Learn more about Hack-a-TON DWF Labs x AWS:[ ](https://www.dwf-labs.com/)<https://www.defi-hackaton.com>





Hack-a-TON x DWF Labs x AWS

**DUBAI, United Arab Emirates, May 22, 2023 10:00 AM UTC – The Open Network (TON)**, a revolutionary technology to unite all blockchains and Web2 internet into one open network, has unveiled the launch of the TON Accelerator Program, which will this year funnel up to **$25 million** into projects poised to make a sizeable impact in the growing TON ecosystem.

The funding, which is provided by TONcoin Fund, a **$250 million** ecosystem fund dedicated to supporting founders building on TON, will funnel investment into key projects in a variety of fields, with a particular focus on decentralized finance (DeFi). Each investment will be from **$50,000** to **$250,000** per project.

Funding will accompany partnership and mentorship among accelerator partners that include: [Gotbit](https://gotbit.io/), hedge-fund and Market-Making company, a provider of trading and risk management solutions, Web3port, a developer of tools connecting **Web3.0** startups and contributors to accelerate innovation, Tonstarter, the primary fundraising platform on TON, TEB, an incubator for Web3 developers based in South Korea, and [Cypher Capital](https://cyphercapital.com/), a multi-strategy crypto investment firm based in the United Arab Emirates.

The pool of TON Accelerator Program partners is poised to grow still further as TON Foundation continues to set up strategic partnerships with major accelerators in the web3 space.

“We are delighted to unveil the TON Accelerator program as our ecosystem continues to evolve and attract new talent,” said Justin Hyun, Head of Incubation and Growth at TON Foundation. “This is the beginning of many different incubators which will be supported in the future. Funding forms part of our local hubs rollout strategy and our ecosystem will work to attract new developers as well as successful repeat founders, based across a variety of key global locations.”

“This is a program that is unique within the web3 universe today,” said Bill Qian, Chairman of Cypher Capital. "What the TON Accelerator program is doing is taking the incubator principle made famous within the Web2 ecosystem and refining it and evolving it using the best of Web3 protocols and ways of working. We are delighted to play our part in this next generation program.”

The initial pool of projects for the funding round will be geared towards projects that participated in [Hack-a-TONx](https://dorahacks.io/hackathon/hack-a-tonx/detail) [DoraHacks](https://dorahacks.io/), a 2-month long virtual hackathon staged in collaboration with DoraHacks, a global leading hacker organization that acts as a bridge, connecting hackers to enterprise challenges and entrepreneurial ideas. Submissions are currently open: Projects must build on TON (i.e.support TVM & TON smart-contract language). In addition, projects should be MVP ready while requiring support in marketing, business and technology (proof-of-concept or prototype teams that require greater technical support should apply for earlier-stage grants).

Projects interested in participating in funding rounds can complete [this](https://docs.google.com/forms/d/e/1FAIpQLSdne0ocWvf8EzMg_W_XN2eBqnF-a1wsJvCkzZ4U-6Zee6BsOg/viewform) form.

## About The Open Network

The Open Network (TON) is a revolutionary technology to unite all blockchains and Web2 internet into one open network. It was born to empower billions of Telegram users with genuine Web3. Originally introduced by the Telegram team inheriting its freedom and openness ethos, it has been run as an open-source community project since 2020. TON’s layer-1 architecture is designed to scale up to 2 to the power of 32 workchains, each of which can be subdivided into up to 2 to the power of 60 shardchains. It can support millions of transactions per second near-instantly.
Telegram has helped people stay connected. TON will transform the communities into economies. Learn more: [https://www.ton.org](https://www.ton.org)


TON Accelerator Program to Funnel $25M into Emerging Projects

TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has announced the launch of a liquidity mining rewards campaign with rewards of up to $720,000 in Toncoin (TON) to incentivize users from other chains to participate in the growing TON ecosystem. 

The campaign, set to launch on June 5 until June 30, will aim to seed liquidity to the digital staple tokens in the growing TON ecosystem. The liquidity mining rewards campaign builds on the launch of the [two-way bridge ](https://bridge.ton.org/)that enables the seamless transfer of ERC-20 tokens from Ethereum to natively wrapped fungible tokens (Jettons) on TON.

Token pools related to Jettons Tether tokens (jUSDt), Jettons USD Coin (jUSDC), and Jettons Wrapped Bitcoin (jWBTC), which are Jettons bridged from USDT, USDC, and WBTC on the Ethereum chain, will be the primary participants in the campaign. 

Megaton Finance, an AMM-based DEX protocol, DeDust, a TON-based DEX with advanced smart routing technology, and STON.fi, a zero-trust cross-chain DEX built on TON, are among the DEXes participating in the liquidity mining rewards campaign. The estimated allocation, which amounts to $720,000 in total, will be distributed among the three DEXes taking part in an initiative across the TON ecosystem. 

*“We’re seeing increasing numbers of users from other chains migrating to TON’s burgeoning DeFi ecosystem, and we expect this trend to be accelerated still further with the launch of this liquidity mining incentive campaign,” **said Julian Tan, DeFi Ecosystem Growth Lead at TON Foundation.** “The launch of liquidity mining rewards shows just how TON is flourishing despite the current bear market conditions. This program is just the first step towards achieving a much bigger DeFI vision for TON.”*

“At DeDust, we are confident that the launch of the liquidity mining rewards campaign will not only accelerate migration toward TON but also significantly foster the growth and development of the ecosystem,” said **Nick Nekilov, Founder at DeDust.** “Initiating such programs is essential during the early stages of ecosystem development.”

“Liquidity is a vital lifeblood for any blockchain platform and the projects built on it,” **said Viacheslav Baranov, CEO and co-founder at STON.fi.** “The Liquidity Mining Rewards Campaign is key to attracting additional liquidity to the TON blockchain ecosystem. This will open up more chances for both developers and users, ultimately leading to higher TON adoption within the blockchain and crypto community.” 

“We are delighted to participate in the liquidity mining rewards campaign on TON as the ecosystem continues to flourish and grow,”  **said Hyeongyu Kim, CMO at OZYS.** “Megaton Finance’s protocol is the culmination of rigorous research and development, resulting in a reliable and powerful platform.”

The campaign forms part of a larger drive to bolster DeFi liquidity, with further announcements scheduled for July 2023. The liquidity mining rewards are designed with the aim of achieving a significant retention rate of total value locked and liquidity across DEXes in the TON ecosystem. Mining rewards will be distributed in Toncoin (TON). 


The Open Network (TON) Launches $720,000 Liquidity Mining Rewards Campaign

*Updated on June 19, 2023 with the list of final winners.*

**About the contest:** The goal of this competition is to update and improve The Open Network’s Wikipedia page in any language. Participants are required to use the information provided on the official [TON website (ton.org)](https://ton.org/en) and from all of the [@toncoin](https://t.me/toncoin) channels mentioned at [Community page](https://ton.org/community) and other independent proven resources to enrich the existing Wikipedia article with new data, updated information, any missing facts, and provide verified sources.

**Prize pool:** The total prize pool is **$5,000**. It will be distributed among the top contributors who make the most valuable and useful additions to The Open Network page. In case of an unexpectedly high level of participation, there is a possibility to expand the prize pool.

**Opportunity:** The top contributors will be considered for potential jobs at TON Foundation. Candidate selection will be based on their contribution rating to updating the Wikipedia pages, as well as the submitted text for TON Wiki page.

**Competition duration:** The competition will last for 2 weeks from May 20 to June 4. During this time, participants should write their edited TON articles and submit their contributions by June 4, 21:00 (UTC+4).

**How to participate:** This challenge is open to contestants from all over the world. To participate, you need to register through the [@toncontests_bot](https://t.me/toncontests_bot), submit your Wiki username and send the link to the doc file with TON Wiki page description in any language.

**Evaluation:** Participant contributions will be evaluated based on the quality and accuracy of information, use of credible sources, article structure and formatting.

**Good luck!**

## Winners Announced for The Open Network Wikipedia Page Update Competition

We are thrilled to announce the Open Network Wikipedia Page Update Competition winners! This contest aimed to enhance and improve The Open Network's Wikipedia page in multiple languages, and participants were tasked with incorporating new data, updated information, and verified sources to enrich the existing articles.
The response to the competition was phenomenal, with participants worldwide showcasing their dedication and expertise. The contributions received were of exceptional quality, making the evaluation process a challenging task for our panel of judges. We would like to thank all the participants for their hard work and commitment to this initiative.
Now, without further ado, let's reveal the winners of The Open Network Wikipedia Page Update Competition.

### Winners list
This is the complete list with URLs and rewards for all eligible submissions. 

- 60 jUSDT - [Italian Wikipedia - The Open Network](https://it.wikipedia.org/wiki/The_Open_Network)
- 90 jUSDT - [English Wikipedia - Telegram Open Network](https://en.wikipedia.org/w/index.php?title=Telegram_Open_Network&oldid=1156002867)
- 60 jUSDT - [TON - The Open Network (Official TON Page)](https://www.notion.so/TON-The-Open-Network-P-gina-oficial-de-TON-84c1a746c7844428b7a080b49de90346?pvs=4)
- 90 jUSDT - [TON - Aschig Notion](https://aschig.notion.site/TON-4f3709d9bf9e45f89a691248dcdb3a03)
- 90 jUSDT - [TON - Google Docs by Jen Nguyen](https://docs.google.com/document/d/1fddsMKut2DKDB7nQm8ehB9IzwU6CZD9nNewi_r3vXDg/edit?usp=sharing)
- 250 jUSDT - [TON - Mihan Blockchain](https://mihanblockchain.com/ton-telegram-blockchain-video/)
- 60 jUSDT - [TON - Google Docs by Нажмудин Салимханов](https://docs.google.com/document/d/1wH3Iyn4Fw86aCWNiFy-QK4H1cEck35innAiEaMv3wGw/edit?usp=drivesdk)
- 60 jUSDT - [Farsi Wikipedia - شبکه باز (تلگرام)](https://fa.m.wikipedia.org/wiki/%D8%B4%D8%A8%DA%A9%D9%87_%D8%A8%D8%A7%D8%B2_(%D8%AA%D9%84%DA%AF%D8%B1%D8%A7%D9%85))
- 90 jUSDT - [French Wikipedia - The Open Network](https://fr.wikipedia.org/wiki/The_Open_Network)
- 60 jUSDT - [TON Wiki Challenge - Notion](https://dour-shrine-d44.notion.site/TON-Wiki-Challenge-e3bb4a551567470a9e08d5ef7a83f1aa)
- 60 jUSDT - [TON - GitHub Gist](https://gist.github.com/hrmon/9e9528915ff380c400b9dcb7bfd4c511)
- 60 jUSDT - [TON - Google Docs by Required](https://docs.google.com/document/d/10gEogIVD8q6SD1v7Moo_BEaepZ6Q18Z7ag0djuIh0Qk/edit?usp=sharing)
- 250 jUSDT - [The Open Network (TON) - Telegra.ph](https://telegra.ph/The-Open-Network-TON-06-01)
- 90 jUSDT - [TON - OneDrive](https://1drv.ms/w/s!Am0reEQ6tMMo0W54ce4XpVqp7o-4)
- 90 jUSDT - [TON - Telegra.ph](https://telegra.ph/TON-The-Open-Network-nima-06-02)
- 250 jUSDT - [TON - Google Drive](https://drive.google.com/file/d/1zKXvpRgjVDbo_qwJKpIwNpnA5bqPkZVt/view?usp=sharing)
- 90 jUSDT - [TON Wiki - Panda819 Notion](https://panda819.notion.site/d26c59a71eb7497ea6d21a8dd1c551e9?v=63ccdc7574b64135a8cdfaa926ad4dbd)
- 60 jUSDT - [Chinese TON Wiki Entry - Telegra.ph](https://telegra.ph/Chinese-TON-wiki-entry-06-03)
- 60 jUSDT - [The Open Network - Nine Moustache Notion](https://nine-moustache-845.notion.site/The-Open-Network-c9117c81decc4a12b19ea3ca0a7d0fe6?pvs=4)
- 90 jUSDT - [TON - Google Drive](https://drive.google.com/file/d/1XTvjr_TmLH-P5tX3B38kdvwd2NPAGa5v/view?usp=sharing)
- 60 jUSDT - [සම්ප්‍රවේශ විවෘත ජාලය - Sinhala Wikipedia](https://si.wikipedia.org/wiki/%E0%B6%A7%E0%B7%99%E0%B6%BD%E0%B7%92%E0%B6%9C%E0%B7%8A%E2%80%8D%E0%B6%BB%E0%B7%91%E0%B6%B8%E0%B7%8A_%E0%B7%80%E0%B7%92%E0%B7%80%E0%B7%98%E0%B6%AD_%E0%B6%A2%E0%B7%8F%E0%B6%BD%E0%B6%BA)
- 250 jUSDT - [Wikipedia TON - Notion](https://www.notion.so/Wikipedia-TON-e7159536fa794bb683cb9c532585158a?pvs=4)
- 60 jUSDT - [TONPie Wiki - Main](https://wiki.tonpie.io/main/pugg40.html)
- 250 jUSDT - [TON - Google Docs by  Alexandra Kamenskikh](https://docs.google.com/document/d/1tEL3Rw0cm1S4AL83_iKLa-ylUSAtfNILLkuNg60tbpo/edit#heading=h.os5rabsdz8sc)
- 60 jUSDT - [TON Wiki Challenge - Telegra.ph](https://telegra.ph/TON-Wiki-Challenge-06-04)
- 250 jUSDT - [TON - Google Docs by  Евгений Трифонов](https://docs.google.com/document/d/1-LsVQ9eQ3RAQEhSvIXJSwoz7bUUSacbvpowgYrtaOdY/edit?usp=sharing)
- 90 jUSDT - [Telegram Open Network - Telegra.ph](https://telegra.ph/Telegram-Open-Network-06-04)
- 60 jUSDT - [TON - Google Docs by Web3](https://docs.google.com/document/d/1VuU8pdWYNHZhTia6gB9Z89_PcJigssLhBiaKHLA07Rw/)
- 90 jUSDT - [The Open Network - Esperanto Wikipedia](https://eo.wikipedia.org/wiki/The_Open_Network)

### Honorable Mentions
Although these submissions are not eligible for a reward, we still greatly appreciate their effort and want to highlight their work. 

- [Glossarij TON](https://telegra.ph/Glossarij-TON-10-01)
- [The Open Network - Wikipedia (Mobile)](https://en.m.wikipedia.org/wiki/Telegram_Open_Network)
- [TON Web3 Breakfasts - Notion](https://ton-org.notion.site/TON-Web3-Breakfasts-08a8e7b7d67546489f08c1346e04f721)
- [Farsi Wikipedia - شبکه باز (تلگرام) - Revision History](https://fa.wikipedia.org/w/index.php?title=%D8%B4%D8%A8%DA%A9%D9%87_%D8%A8%D8%A7%D8%B2_(%D8%AA%D9%84%DA%AF%D8%B1%D8%A7%D9%85)&action=history)
- [Toncoin - Empowering Transactions in the TON Blockchain Ecosystem - Notion](https://www.notion.so/Toncoin_-Empowering-Transactions-in-the-TON-Blockchain-Ecosystem-688730397f12490ca20842a262f0725d)
- [Mehrshad107 - English Wikipedia](https://en.wikipedia.org/w/index.php?title=User_talk%3AMehrshad107#the_open_network)
- [Toncoin article - English Wikipedia](https://en.wikipedia.org/wiki/User:Toncoin_article)
-[ Farsi Wikipedia - کاربر: ارز دیجیتان تون](https://fa.wikipedia.org/wiki/%DA%A9%D8%A7%D8%B1%D8%A8%D8%B1:%D8%A7%D8%B1%D8%B2_%D8%AF%DB%8C%D8%AC%DB%8C%D8%AA%D8%A7%D9%86_%D8%AA%D9%88%D9%86)


TON Wiki Challenge

We are pleased to announce TON Foundation’s approved grant recipients for Round 1 of Q2 2023!

The approved grant projects will bring significant value to TON by improving the visibility of TON-based applications and Jettons, enabling on-chain lending, providing on-chain contract management and performance monitoring, introducing user-friendly use cases for TON core services, and exposing Toncoin (TON) to a large mobile audience through a TON wallet integration with KaiOS.

**[TON wallet for KaiOS](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&isRenderingProposalBody=true&proposalId=0x2a8&chainId=10)** - **the first TON wallet on KaiOS** (the world's third-largest mobile OS with more than 160 million devices). TON wallet on KaiOS will enable users of low specs phones to work on KaiOS (3rd Largest Mobile Operating System). KaiOS brings the best of smartphones to affordable devices. Audiences accessing this OS are mostly first-time internet users from Asia, Africa, and South America.

**[ton.ski ecosystem](https://questbook.app/dashboard/?isRenderingProposalBody=true&chainId=10&proposalId=0x2a5&grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b)** - ton.ski ecosystem consists of a number of applications. **Agorata** enables users to create TON DNS subdomains, manage domain records, and build and host simple TON sites using templates. **Nonstorage** focuses on the development of a storage metadata standard, allowing users to upload files to TON Storage via a web interface and make contracts with storage providers. Additionally, a **content viewing service** will be launched with support for documents, books, and basic videos from TON Storage, along with the indexing of Storage bags for search purposes.

**[Monitoning Platform](https://questbook.app/dashboard/?isRenderingProposalBody=true&chainId=10&proposalId=0x275&grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b)** - the first **TON smart contract monitoring application** will allow users to create projects, add contracts, and view all messages passed through the project contracts along with analytics. The project involves developing a solution to decode message bodies from bytecode to a readable form, similar to the ABI add-on in Dune Analytics/Tenderly. [Join Community](https://t.me/monitoning)

**[EVAA Protocol](https://questbook.app/dashboard/?proposalId=0x222&chainId=10&isRenderingProposalBody=true&grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b)** - the first **decentralized lending protocol on TON** that lets users lend or borrow native and wrapped assets without going to a centralized intermediary. [Join Community](https://t.me/evaaprotocol)

**[Ton.app](https://questbook.app/dashboard/?isRenderingProposalBody=true&chainId=10&proposalId=0x2ab&grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b)** - an open-source [marketplace](https://ton.app/) for Ton apps that already has significant traction in the ecosystem. This grant is going to support an SEO-focused rebuild of the existing functionality. In addition, the ton.app team is going to create a **CoinMarketCap-like functionality for Jettons** ranking and analytics based on blockchain data. [Join Community](https://t.me/tonapp)

We invite you to participate in our grants program both as a project builder and as an evaluation contributor. As a builder, you can **[submit your project proposal](https://questbook.app/proposal_form/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10&newTab=true)** on our Questbook page or **[join discussions](https://questbook.app/dashboard/?grantId=0xe92b011b2ecb97dbe168c802d582037e28036f9b&chainId=10)** on specific projects to ensure we support the best possible ideas.


TON Foundation Grant Support: Q2 2023 #1

**DUBAI, United Arab Emirates, May 2, 2023 10:00**  – TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has engaged the Chainalysis [Crypto Incident Response Service](https://www.chainalysis.com/crypto-incident-response/), providing it with around-the-clock expertise and support to recover lost funds in the event of a hack or exploits taking place.

The deployment of Chainalysis’s rapid response retainer service provides a robust means of combating cyber attacks or unauthorized network intrusions on TON that may involve cryptocurrency theft or a ransom demand.

“We are delighted to enlist the services of Chainalysis’s Crypto Incident Response Service as it is the industry gold standard for providing a rapid response to hacks or exploits,” said Justin Hyun, Head of Incubation at TON Foundation. “Our vision is to achieve mass adoption in Web3 technology powered by the high performance and scalability that we offer. By routing out bad actors we can ensure an optimum experience for our growing user base.”

When an incident such as a hack, ransomware attack, code exploit, or flash loan attack occurs the 24/7 Chainalysis Crypto Incident Response hotline is available to assign a dedicated team. These experts leverage advanced investigative capabilities to work around the clock and side-by-side with the victim organization. If needed, the Chainalysis team can help liaise with law enforcement and asset recovery counsel.

Chainalysis investigators have worked with organizations in the private and public sectors on hundreds of incidents involving cryptocurrency, and have helped solve some of the most high-profile cyber criminal cases. The Chainalysis Crypto Incident Response program streamlines the engagement process so that no time is wasted, no matter where in the world the victim is located. Time is of the essence, and immediately tracing and labeling funds in the Chainalysis platform can make the difference in preventing bad actors from cashing out their ill-gotten gains.

Chainalysis now screens on average $1 trillion in transaction value each month across all cryptocurrency assets, enabling its customers to more quickly list new assets safely.

Chainalysis has achieved SOC2 Type II Certification. Chainalysis completed its second compliance audit for the KYT and Reactor products, attesting to its successful implementation of controls in both the Security and Availability trust service criteria.

## About The Open Network

The Open Network (TON) is a revolutionary technology to unite all blockchains and Web2 internet into one open network. It was born to empower billions of Telegram users with genuine Web3. Originally introduced by the Telegram team inheriting its freedom and openness ethos, it has been run as an open-source community project since 2020. TON’s layer-1 architecture is designed to scale up to 2 to the power of 32 workchains, each of which can be subdivided into up to 2 to the power of 60 shardchains. It can support millions of transactions per second near-instantly.
Telegram has helped people stay connected. TON will transform the communities into economies. Learn more: https://www.ton.org


TON Foundation Enlists Chainalysis Crypto Incident Response Program

**DUBAI, United Arab Emirates, May 4, 2023 10:00 AM UTC** – TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has announced that Toncoin (TON), the native cryptocurrency of TON, is now supported on the self-custodial wallet.

The addition of Trust Wallet, now one of the fastest growing extension wallets in addition to being one of the largest self-custodial and multi-chain wallets with more than 60 million downloads globally, marks a significant milestone as TON cements its position as a leading cryptocurrency. Trust Wallet users will be able to hold, receive and send TON.

Bridging the gap between Web2 and Web3, TON will power the consumer-facing dApps that achieve mass adoption in Web3 technologies. TON is used for transaction fees, securing the blockchain through staking, deciding how the network develops and settling payments.

“We are delighted that Trust Wallet has added Toncoin to the roster of digital tokens on its renowned self-custodial wallet,” said Anthony Tsivarev, Director of Developer Relations at TON Foundation. “Toncoin is being accepted by the pillars of the digital token space with the status of a leading cryptocurrency.”

“Super excited to be one of the first major wallets to integrate TON,” said Eric Chang, Head of Product at Trust Wallet. “Trust Wallet remains dedicated to innovation and accessibility and are looking forward to helping this blockchain grow to accommodate millions of users.”

## About Trust Wallet

[Trust Wallet](https://trustwallet.com/) is a leading, simple-to-use, self-custody crypto wallet and Web3 hub for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it simpler, safer, and convenient for millions of people around the world to send, receive, stake, and store more than 10 million digital assets and 1 million NFTs on 70+ blockchains, including Ethereum and other EVM chains including Solana, Polkadot, and more.

For any enquiries related to PR, please contact ejiro@trustwallet.com

## About The Open Network

The Open Network (TON) is a revolutionary technology to unite all blockchains and Web2 internet into one open network. It was born to empower billions of Telegram users with genuine Web3. Originally introduced by the Telegram team inheriting its freedom and openness ethos, it has been run as an open-source community project since 2020. TON’s layer-1 architecture is designed to scale up to 2 to the power of 32 workchains, each of which can be subdivided into up to 2 to the power of 60 shardchains. It can support millions of transactions per second near-instantly.
Telegram has helped people stay connected. TON will transform the communities into economies. Learn more: [https://www.ton.org](https://www.ton.org)


Toncoin (TON) Now Available on Trust Wallet

We are thrilled to announce the winners of the TON Awards 2022, a competition that recognizes and honors promising developers who are spearheading cutting-edge projects on the TON blockchain.

TON Foundation awarded a total of 301,920 TON (worth $676,300) to the standout projects listed below:

- [ton-kotlin](https://github.com/andreypfau/ton-kotlin) - 20,000 TON ($44,800)
- [ton3.js](https://github.com/tonkite/ton3-core) & [ton-adnl](https://github.com/tonkite/adnl) - 20,000 TON ($44,800)
- [tonutils-go](https://github.com/xssnick/tonutils-go) - 20,000 TON ($44,800)
  In addition to this award, Oleg Baranov received a bonus prize of 17,000 TON ($38,080) from a member of the TON Foundation's core team for his outstanding contribution.
- [Multisig dApp](https://github.com/Gusarich/multisig-dapp) - 550 TON ($1,232), was awarded in 2022
- [WebDeployer](https://github.com/ProgramCrafter/ton-qr-deployer/) - 100 TON ($224)
- [TON Proxy Client](https://github.com/xssnick/Tonutils-Proxy) & [TON Reverse Proxy](https://github.com/ton-utils/reverse-proxy) - 5,000 TON ($11,200)
- [OpenMask browser extension](https://github.com/OpenProduct/openmask-extension) - 4,481 TON ($10,000), was awarded in 2022
- [Open Contracts](https://github.com/TonoxDeFi/open-contracts) & [WTON](https://github.com/TonoxDeFi/WTON) - 1,500 TON ($3,360)
- [TON Domains Bot](https://github.com/Tonstarter/ton-domains-backend) - 2,000 TON ($4,480)
- [Python TON Connect library](https://github.com/stspbu/ton-connect) - 200 TON ($448)
- [re:doubt](https://github.com/re-doubt) - $5,000, was awarded in 2022
- [Port of TON Tools to adJ](https://github.com/pasosdeJesus/adJ/tree/main/arboldes/usr/ports/mystuff/net/ton) - 200 TON ($448)
- [XTON browser extension](https://github.com/xtonwallet/web-extension) - 1,000 TON ($2,240)
- [Ton inspector](https://github.com/kirillmelcin/ton-inspector) - 100 TON ($224)
- [JUSTON iOS wallet](https://github.com/labraburn/juston-ios) - 6,000 TON ($13,440)
- [SwiftyTON](https://github.com/labraburn/SwiftyTON) - 2,000 TON ($4,480)
- [MyTonWallet](https://github.com/mytonwalletorg/mytonwallet) - 4,500 TON ($10,000)
- [Orbs](https://www.orbs.com/) - 25,000 TON ($56,000)
- [ton-contract-executor](https://github.com/ton-community/ton-contract-executor) - 5,000 TON ($11,200)
- [Blueprint](https://github.com/ton-community/blueprint) - 3,000 TON ($6,720)
- [Sandbox](https://github.com/ton-community/sandbox) - 4,000 TON ($9,000)
- [Rift](https://github.com/sky-ring/rift) - $22,000, was awarded in 2022
- [TONHouse](https://github.com/sky-ring/ton-house) - 3,000 TON ($6,720), was awarded in 2022
- [Tonscan+ browser extension](https://github.com/menschee/tonscanplus) - 200 TON ($448)
- [Tact](https://github.com/tact-lang) - 17,000 TON ($38,000)
- [NFT contract in Tact](https://github.com/howardpen9/nft-standard-template) - 200 TON ($448)
- [ton.js](https://github.com/ton-core) - 20,000 TON ($44,800)
- [Tonhub wallet](https://github.com/tonwhales/wallet) - 6,000 TON ($13,440)
- [Scaleton](https://github.com/scaleton-co/scaleton) jetton wallet dapp - 750 TON ($1,680)
- [Bicycle](https://github.com/gobicycle/bicycle) - $10,000, was awarded in 2022 by Anatoly and Kirill
- [TonTools](https://github.com/yungwine/TonTools) - 2,000 TON ($4,480)

**Anatoly Makosov** personally awarded $100,000 of his own funds to the team at [tonscan.org](http://tonscan.org/)

**Anatoly Makosov** and **Kirill Emelyanenko** personally awarded $100,000 of their own funds to the [Disintar](https://dton.io/) team.

Our heartiest congratulations to all the winners! We can hardly wait to witness more game-changing initiatives on the **TON** blockchain in the future.


TON Awards 2022 Winners

TON Developer Report: Q1 2023

<u>DUBAI, United Arab Emirates, April 17 2023 10:00 AM UTC – The TON Foundation</u>, a non-profit association of developers and enthusiasts that exists to advance **The Open Network (TON)**, has announced the launch of a  two-way bridge that enables the seamless transfer of **ERC-20** tokens from Ethereum to natively wrapped fungible tokens (Jettons) on **TON**.

The bridge is designed to provide a seamless transactional interface between **Ethereum** and **TON**, marking a significant milestone in the evolution of the **TON** ecosystem.

“We are delighted with the introduction of this two-way bridge, the first unlimited bridge to go live on TON,” said **Justin Hyun**, Head of Incubation at TON Foundation. “We anticipate that this bridge will bring a host of new users to the TON ecosystem. By entering into closer proximity with other layer one blockchains through such bridges, our users will experience the advantages that TON holds over its competitors.”

With the launch of the unlimited bridge, users will be able to bridge Wrapped Bitcoin (**wBTC**), Tether tokens (**USDt**), USD Coin (**USDC**) and Dai (**DAI**). While this bridge only initially allows users to bridge over such assets, there are plans to make more tokens available for bridging in the near future. TON Foundation invited white hat hackers to test the security integrity of the unlimited bridge through a hackathon in 2022. Furthermore, audits from **CertiK**, а smart contract auditor, **Quantstamp**, a specialist auditor in the blockchain space, and **Hexens**, a smart contract auditor, have been made on the bridge, with validators voting on its formation. **CertiK** and **Quantstamp** have conducted end-to-end audits on the **TON** blockchain.

The introduction of the two-way bridge on **TON** adds to the Ozys’ Orbit Bridge, a cross-chain platform developed by Ozys, one of the leading blockchain firms in the Republic of Korea.
*As with all bridged assets, TON’s audited, unlimited bridge does not completely eliminate risks. Please don’t supply assets you can’t afford to lose.

###
About The Open Network

The Open Network (TON) is a revolutionary technology to unite all blockchains and Web2 internet into one open network. It was born to empower billions of Telegram users with genuine Web3. Originally introduced by the Telegram team inheriting its freedom and openness ethos, it has been run as an open-source community project since 2020. TON’s layer-1 architecture is designed to scale up to 2 to the power of 32 workchains, each of which can be subdivided into up to 2 to the power of 60 shardchains. It can support millions of transactions per second near-instantly.
Telegram has helped people stay connected. TON will transform the communities into economies. 
Learn more: https://www.ton.org


First Unlimited Bridge Goes Live on The Open Network (TON)

**TONcoin.Fund Leads $1.5 Million Seed Funding for Megaton Finance Driving DeFi Growth on The Open Network (TON)**

- Megaton Finance has announced official backers, led by TONcoin.Fund.
- TONcoin.Fund holds Megaton Finance in high esteem for its vision and commitment to the TON ecosystem.
- Megaton Finance has secured 95% dominance in the TON ecosystem**.**

![](https://lh5.googleusercontent.com/uhMke0vJrRTfIWSD-wBcYUlpAGzLLythrqQ7T5BksoDftBWh7r_rJMNtx2QarupfCJoa-DwTy5zEc1IvY1ic7pi4oMHF3xaGm28Ib8wqLOULK3emk3EiBh58v8MqY7iR4uLORcBJYW0bY5TCSZiTeuo)

**DUBAI, United Arab Emirates, March 20, 2023 10:00 AM UTC** – TONcoin.Fund, the main incubator and accelerator for The Open Network (TON), a revolutionary technology to unite all blockchains and Web2 Internet into one open network,  has successfully led a $1.5 million seed funding round for [Megaton Finance](http://megaton.fi), an Automated Market Maker Decentralized Exchange (AMM-DEX). 

The successful completion of the seed funding round recognises Megaton Finance’s great potential within the decentralized finance (DeFi) landscape of TON. Megaton Finance, which has been developed by [OZYS](http://ozys.io), Republic of Korea's leading blockchain technology company, achieved $22 million total value locked (TVL), with an overwhelming 95 per cent dominance in the TON ecosystem, despite current bear market conditions.

TON is a well established revolutionary technology and OZYS has collaborated with TON Foundation to establish a user-friendly ecosystem, with the aim of onboarding hundreds of millions of users from leading social networks such as Telegram to Web3 with the aim of onboarding 700 million Telegram users to Web3. Orbit Bridge, a cross-chain platform developed by OZYS, has successfully connected TON to EVM/NEVM-based multichain community, and it has increased the utility of TONcoin (TON) through developing WTON Gateway, a wrapping protocol for TON, enabling its usage within the mainnet.

“It’s great to have witnessed Megaton team’s traction of building on TON in the past six months,” said Nan Wang, Investment Associate at TONcoin.Fund. “We are impressed by the team’s passion for TON’s DeFi ecosystem, and the efforts going through the rigorous due diligence process at TONcoin.Fund, the ecosystem fund backed by TON Foundation. This deal is an outcome of great collaborations between all TON-Native projects supporters including TON builders, investment and exchange partners. We are excited to embrace and deploy capital on the most innovative and action-driven projects building on the border TON ecosystem in all verticals.” 

With TONcoin.Fund's lead in the $1.5 million round, Megaton Finance was able to secure a team of strong sponsors at an early stage, including Cypher Capital, First Stage Labs, Orbs, MEXC Ventures and other strategic investors, who have decided to come on board as accelerators of Megaton Finance, supporting the mass adoption of Web3. Megaton Finance's success is a testament to the potential of TON and the power of collaboration between industry leaders such as OZYS and TON Foundation. This achievement opens up exciting possibilities for the future of DeFi on the TON ecosystem and beyond.

“The Megaton Finance team’s experience and success in Web3 and in DeFi along with their vision to harmoniously combine the best in finance with the best available Web3 technologies made this an opportunity we could not afford to miss,” said Bill Qian, Chairman of Cypher Capital. “Ozys has a grounding in crypto, Web3, blockchain but most importantly they understand how to develop a platform on the TON mainnet that will provide various revenue generation opportunities. This has the real potential to be a game changer for finance in the Web3 space and we are proud to play a part in this.”

“Orbs is thrilled to become a stakeholder in Megaton Finance, a project that shares our passion for the TON ecosystem,” said Nadav Shemesh, CEO at Orbs. “We believe that our partnership will help to drive future growth and development, and we are excited to see what the future holds.”

"We are thrilled to partner with such a talented and experienced team in the DeFi space,” said Kirill Malev, Junior Partner at First Stage Lab. “First Stage Labs is committed to investing in innovative projects on the cutting edge of blockchain technology, and this partnership represents a perfect alignment of our goals. We are excited to see where this collaboration takes us in the years to come and believe that together, we can create real value for investors and users on the Open Network blockchain.”

"We are delighted to be the members of TONcoin.Fund and the first CEX exchange to list $MEGA, demonstrating our commitment to supporting more innovative projects." said Issa, Investment Manager at MEXC Ventures, "Our team is excited about the changes that MegaTon will bring and we look forward to speaking with more developers/startups in the TON ecosystem to contribute to the growth of the entire industry."

“We are thrilled to establish robust partnerships with the support of TONcoin.Fund and accelerate the growth of Megaton Finance.” said Jinhan Choi, CEO of Ozys, “In order to go above and beyond the 95 percent dominance in the ecosystem we will strive to lead both horizontal and vertical growth of TON by further integrating features with the Telegram messenger service in near future. Furthermore, we will be relentless in onboarding diverse partners from our ecosystem to the TON mainnet.”

**About TONcoin.Fund**

TONcoin.Fund is a **$250M** TON ecosystem fund that invests in strong teams with the vision to build on The Open Network. TONcoin.Fund is positioned to invest in teams that are building TON-native products, aiming for integration with Telegram, and launching a token on TON. TONcoin.Fund also considers cross-chain projects if they bring users, liquidity and value to the TON ecosystem. TheTON Foundation's mandate is to accelerate the growth of our ecosystem. We are building the TON ecosystem from the ground-up in aggressive preparation for the next wave of growth and innovation in the digital token economy.

Website: <https://www.toncoin.fund/>

**About Megaton Finance**

Megaton Finance is a No.1 AMM-based DEX on TON (The Open Network) ecosystem, fully built by OZYS. It is audited by CertiK.

Megaton Finance will establish itself as a user-friendly DeFi protocol that can embrace both existing DeFi users and 700 million Telegram users.

Ultimately, the chatbot function on Telegram will be installed and combined with the Megaton Finance protocol to create the perfect synergy with the Telegram messenger service. 

Website: [https://megaton.fi](https://www.globenewswire.com/Tracker?data=29yaLtlM2vYK60efN7NIMvJhbCPCWiA1mbO-4-pvHBPFfSxLEFLDDuEEEQVgv0vehpL9LfbgzOO7Nn2T4-sykA==) 


Megaton Finance Secures $1.5 Million Seed Funding

The TON Foundation oversees the development of the TON platform and contributions from a host of independent developers globally. The tireless efforts of many are critical to the ongoing development of TON to help redefine the way blockchain is used in the real world.

That said, the TON ecosystem is always open to receiving additional contributions from the greater TON community. If you’d like to contribute, feel free to reach out to us directly in the [TON Dev Telegram chat](https://t.me/tondev_eng). All feedback provided by our amazing community is always greatly appreciated.

TON’s ongoing development is pivotal to increasing the adoption of the TON blockchain and its underlying ecosystem. For that reason, we'd like to welcome all of you to our first installment of the TON Developer Report. Let’s dive in.

## TON Metrics

Amazingly, the number of monthly active developers in TON-related open GitHub repositories increased by 8% between December and January. Furthermore, the number of developers in open source TON-related repositories on GitHub increased by 50% over the last 12 months.

 ![](https://storage.googleapis.com/ton-strapi/Metrics_caa16b8aa2/Metrics_caa16b8aa2.png) 


What’s more, the number of active TON-related open GitHub repositories increased by 13% between December and January and over the last year has increased by more than 400%. For those who wish to dive deeper more into our developer metrics, the [Electric Capital Developer Report](https://www.developerreport.com/ecosystems/ton) is an in-depth resource that provides a clearer picture into TON-related repository activity. In fact, we’d love it if you’d add your own TON projects to the [repository](https://github.com/electric-capital/crypto-ecosystems/blob/master/data/ecosystems/t/ton.toml) to ensure TON continues to increase its visibility within the Web3 community.

 ![](https://storage.googleapis.com/ton-strapi/Ton_related_repositories_32d4a65d7a/Ton_related_repositories_32d4a65d7a.png) 


To add to the above metrics and ongoing adoption of TON, it should be noted that the total number of members participating in TON Dev chats increased by 11% between December and January. In fact, as is displayed below, Telegram's TON developer community has almost quadrupled in the last 12 months alone.

 ![](https://storage.googleapis.com/ton-strapi/Ton_dev_chats_bbb4b36bff/Ton_dev_chats_bbb4b36bff.png) 

## TON Events

Events hosted by TON are a perfect way for community members to get involved with the TON project in a more meaningful way. More importantly, offline events allow for real interaction with experts building TON, unlocking a greater understanding of how TON is being built and why. The TON team was out in full force to launch the Hack-a-TONx with DoraHacks to support the greater TON community, attending four events spanning two continents and numerous regions internationally.

* **Hack-a-TONx DoraHacks:** The TON Foundation with the help of DoraHacks recently launched a 3-month online [hackathon](https://dorahacks.io/hackathon/hack-a-tonx/detail) consisting of a $300,000 prize pool. For those unfamiliar, DoraHacks is a global hackathon organizer that hosts events to enhance developer communities throughout the Web3 industry. The TON Foundation also recently hosted the [DoraHacks Onboarding Week](https://www.youtube.com/@DoraHacksGlobal/streams) between January 30th and February 5th. A collection of livestreams hosted during the week provided an avenue for new developers beginning development on TON, while introducing the community to the upcoming hackathon. Additionally, it is also possible to join a wide range of [our offline events](https://dorahacks.io/hackathon/hack-a-tonx/detail#schedule) which are hosted in more than 10 countries (and increasing) globally.
* **Launch of International TON Hubs:** In January of this year the TON community initially launched TON Hubs in [Lisbon](https://t.me/tonlisbonhub), [Bangkok](https://t.me/tonhubbkk), Hyderabad ([India](https://t.me/tondevs_in)), and [Barcelona](https://t.me/tonbcnhub). For those unfamiliar, TON Hubs are community groups that meet regularly to contribute to the development and growth of the project by sharing ideas, knowledge, and development ideas for all things TON. In time, new hub locations will be proposed moving forward. If you are interested in setting up a hub in your specific geographical area, feel free to reach out to acquire more information [here](https://ton.org/en/organizers).

## TON Documentation Materials

January focused on the amendment and modification of numerous developer documentation updates and onboarding initiatives that continue to enhance the TON project and its underlying ecosystem. These include:

* **Ongoing Tutorial Updates:** Recently, a host of beginner-friendly tutorials were updated by one of TON’s main ecosystem partners and blockchain platform, Orbs. These represent an ever-expanding initiative to ensure FunC development is streamlined and more readily accessible to all. In addition, the newly added [Technical FAQ](https://ton.org/docs/develop/howto/faq) and the [FunC Cookbook](https://ton.org/docs/develop/func/cookbook) sections represent one of the most important updates to TON’s documentation so far. The entry details 45+ questions and a host of valuable insights and explanations specifically tailored to TON development.
* **Developer Survey:** In January, TON carried out an [in-depth developer survey](https://t.me/toncontests/100) among engineers building on TON to gauge their feedback towards the [new version of TON Docs](https://ton.org/docs). During the course of this undertaking, the TON team received 80+ responses and an average rating of 7.56 out of 10.0 in developer satisfaction. As a reminder, community members are always welcome to contribute to our documentation should they feel the need. To participate in the enchantment of TON Docs consider checking out our instructional GitHub webpage found [here](https://github.com/ton-community/ton-docs).
* **FunC Course Completion:** Furthermore, the finalization of the first 2 modules of [FunC lessons for Coursera](https://github.com/ton-society/ton-footsteps/issues/84) initiative were completed by contributors to the greater TON community. It should be noted that once complete, the course will consist of 5 modules in total. As explained in the corresponding link above, the course will detail various topics related to programming on TON in FunC. The project is expected to be completed in Q2, providing a great way for new developers to streamline the development of smart contracts in FunC. To learn more about how you can participate, consider reaching out via the TON Footsteps discussion platform on GitHub.

## TON Developer Tools

This section provides a general overview of the tooling systems and frameworks that were introduced over the past several months and released in January. These include:

* **TON Connect 2.0 Release:** Among the ongoing development milestones launched in January, perhaps the most important was the release of [TON Connect 2.0](https://ton.org/docs/develop/dapps/ton-connect/). The communication protocol provides a standardized format for users to connect to their favorite wallets and applications via a seamless in-protocol integration. Moreover, TON Connect is also supported by the [Tonkeeper](https://tonkeeper.com/) wallet and the [OpenMask](https://www.openmask.app/) browser extension. Currently, TON Connect is integrated with 14+ services (and growing).
* **TON Verifier Release:** Also released in January, is [TON Verifier](https://verifier.ton.org/), a public smart contract verifier developed by the Orbs team. The service is used to check the integrity of smart contracts on TON using open source validation parameters. As of this writing, the verifier is available for community member use to validate contracts prior to deployment.
* **Blueprint Release:** TON also recently released [Blueprint](https://github.com/ton-community/blueprint) — a development environment for writing, testing, and deploying smart contracts on TON. The toolkit greatly simplifies the development process for engineers building on TON, lowering the barrier to entry for all involved.
* **Sandbox Developer Toolkit Release:** The release of the [Sandbox](https://github.com/ton-community/sandbox) toolkit (which is typically used for testing smart contracts on TON) was also another significant milestone that came to fruition in January. The solution dramatically increases the functionality of the TON platform for mainstream smart contract development for a host of enterprise, retail, government, and institutional uses.
* **Tact Language Beta Release:** January welcomed the successful release of the [Beta version](https://github.com/ton-core/tact/releases/tag/v0.9.1) (the v0.9.1 release) of the [Tact programming language](http://tact-lang.org/) by the community, passing several roadblocks as the result of Steve Korshakov’s effort and the support of numerous independent Tact development community members. To compliment Tact’s release, its corresponding [documentation](http://docs.tact-lang.org/) was also launched for the first time, detailing its uses, its semantics, syntax, and more, while also particularizing the Tact Hello World smart contract framework. With the recent release of Tact Beta, it would be helpful to garner additional feedback into how the product currently stands with our developer community. To give the community your suggestions and overall impressions, please consider reaching out to developers via the [Tact language discussion group](https://t.me/tactlang) on Telegram.

## TON Footsteps Community Program

For those unfamiliar, [TON Footsteps](https://github.com/ton-society/ton-footsteps) is a program developed by the TON Foundation to incentivize community contribution for the development of the platform via in-ecosystem rewards and other benefits. At the time of this writing, there are currently [27 TON Footsteps initiatives](https://github.com/ton-society/ton-footsteps/issues?q=is%3Aopen+is%3Aissue+label%3Aapproved) open for potential contribution.

Past and present TON Footsteps contributions include the development of numerous video tutorials, English article translations, suggestions for TON documentation amendment, and contributions to a wide range of developer initiatives such as protocol and middleware development, TON libraries, dApp tutorials, and more. The TON Footsteps project follows a succession of [steps](https://github.com/ton-society/ton-footsteps) that are decided upon through open community dialogue.

Below, is a list of TON Footsteps milestones that were finalized in January:

1. [Continuous article and documentation amendments and improvements](https://github.com/ton-society/ton-footsteps/issues/112)
2. [TVM assembly and Fift tutorial detailing their differences](https://github.com/ton-society/ton-footsteps/issues/110)
3. [Ast node meta information and tlb-parser finalization](https://github.com/ton-society/ton-footsteps/issues/92)
4. [FunC Cookbook amendments and improvements](https://github.com/ton-society/ton-footsteps/pull/115)
5. [Addition of amendments to FunC Cookbook documentation](https://github.com/ton-society/ton-footsteps/issues/106)
6. [Launch of TON Overflow Telegram Bot](https://github.com/ton-society/ton-footsteps/issues/116)
7. [Trust core wallet and TON asset integration (support for Toncoin within the Trust wallet)](https://github.com/ton-society/ton-footsteps/issues/81)
8. [Various FunC Cookbook amendments, improvements, and additions](https://github.com/ton-society/ton-footsteps/issues/10)
9. [Addition of the random number block generation section of TON Docs](https://github.com/ton-society/ton-footsteps/issues/124)
10. [TON Connect 2.0 integration manual](https://github.com/ton-society/ton-footsteps/issues/123)
11. [Creation of the random number smart contract generation section of TON Docs](https://github.com/ton-society/ton-footsteps/issues/114)

With this report, we are starting a tradition of regularly highlighting developer activities in the ecosystem. January has been a very productive month for the TON community. More and more developers are joining, which means more and more projects appear in the TON ecosystem. Stay tuned. There are more achievements and news ahead!


TON Developer Report: January 2023

We’re introducing technology for reliable storage of any size on the decentralized TON network.

Individual users and services with an audience of millions can use TON Storage to store their public and private files.

## The challenge
People and services require storing more and more data.

There’s only one way to store data reliably: to copy it and store in different places. Hard drives fail, and fires and other emergencies happen; the more copies are made, the higher the chance that your data won’t be lost. 

Users copy important documents into a few drives. Corporations do the same thing but on a much larger scale — they have data centers in different countries and replication systems.

However, there are other problems with data storing. For example, if data is stored in California and a user is on the other side of the planet, download speeds are going to be slow due to the large distance. In order to provide decent speeds, popular services create so-called Content Delivery Networks (CDNs) that store copies of data in various geographical locations worldwide, with the closest center working with the user.

It’s easily noticeable that all the current solutions are literally there to make storage more distributed and decentralized.

That’s why we see huge potential in the fully distributed TON Storage system on the decentralized TON network. The network’s openness allows anyone to run a node for data storage. This provides the chance for many independent nodes to sprout up across the globe. At the same time, contracts and data storage commitments are securely locked into the TON blockchain.

## Torrents 3.0
TON Storage technology is based on torrents, a popular peer-to-peer file-sharing technology. TON Storage is incompatible with “classical” torrents, yet it adheres to the same principles.

The main difference is that data transfer happens through a decentralized, secure, and private TON network — the same place where [TON Sites](https://telegra.ph/TON-Sites-TON-WWW-and-TON-Proxy-09-29-2), [TON DNS](https://telegra.ph/TON-DNS-06-30), and the TON blockchain are located.

The network doesn’t have a singular center; to find nodes storing data, a special technology is used, [TON Distributed Hash Table](https://en.wikipedia.org/wiki/Distributed_hash_table) (DHT). 

## Let’s give it a try
Let’s say you urgently need to post a photo of a duck on The Open Network.
  ![](https://storage.googleapis.com/ton-strapi/duck_ef44e42f17/duck_ef44e42f17.png) 

You can do this with the `create `command of the special utility `storage-daemon`. 

The utility packs the indicated file or list of files into a “Bag of files” or just “Bag” (a torrent analog), produces a “Bag ID” number, and broadcasts the information on the TON network. This is free and doesn’t require network fees.

The files are stored on your computer, but they’ve become available to everyone for download.

We assume that file storage will be handled by professional administrators using uninterrupted servers. The `storage-daemon` utility has open-source code and a console interface and is available for Linux, Windows, and MacOS. 

[Here’s the guide](https://ton.org/docs/participate/ton-storage/storage-daemon)


Any network participant using the utility can download a file simply by knowing its ID.

Having downloaded the file, the user participates in storing, while the next user will be able to download the file from two nodes at the same time, and so on.

This is how copies of the files are distributed around the world.

Regular users can use the service [http://storage.ton](http://storage.ton/) and download this file in a usual browser:
http://storage.ton/gateway/7FEA7AF2325F0A5B6908939C9D72F92DB4C0CA52CCA8CE2C48BB2708BF188541/duck.png

[Here's a document to remind you how to open TON Sites.](https://ton.org/docs/participate/web3/how-to-open-any-ton-site)

Files on the network are immutable; cryptography confirms their integrity. If it’s necessary to alter it, the distribution will need to be recreated and get a new ID. 

### More than torrents
What’s described above is excellent technology allowing people to exchange files of any size freely through the decentralized and secure TON network.

Nevertheless, this is only the beginning of describing all the possibilities of TON Storage.

### Integrating with TON DNS
Simply enter the Bag ID in the “Storage” field of your TON domain and use a short and human-readable domain instead of a technical identifier.

[You can find the guide here. ](https://ton.org/docs/participate/ton-storage/storage-faq#how-to-assign-a-ton-domain-to-a-ton-storage-bag-of-files)

### Integration with the TON blockchain
On regular torrents, there’s no storage guarantee. A file will exist as long as at least one node is storing it.

Such torrents also have no financial incentive to store files. 

This is acceptable in a few situations — e.g., when a musician independently distributes their new album and is interested in maintaining file distribution. It’s also acceptable if the data isn’t very important.

For important data, there needs to be a storage guarantee, and TON Storage can provide such guarantees with the help of smart contracts on the blockchain.

A storage node and a user create a smart contract on the TON blockchain that guarantees that the user will pay a fixed amount in TON to store files for a predetermined amount of time.

The smart contract periodically requests a random part of the file from the storage node. Thanks to Merkle-proof cryptography, the smart contract is able to verify that the given file part is authentic. By losing the file, the storage node wouldn’t be able to present the proof, and the contract will be destroyed — the node operator won’t receive a Toncoin reward. Of course, all of this happens automatically without the participation of humans.

The smart contract can have other variations: the storage node can include some crypto as a deposit beforehand, and in the event a file is lost, the deposit gets transferred to the user as compensation.

By creating a few smart contracts with independent nodes, a user can provide themselves with a strong guarantee of their files being stored.

[Ready-made smart contracts and an implementation guide.](https://ton.org/docs/participate/ton-storage/storage-provider)
 ![](https://storage.googleapis.com/ton-strapi/contract_f80fb27e4c/contract_f80fb27e4c.png) 
We’ve made an example of the UI to demonstrate that for a regular user, the process of using TON Storage can be simple and convenient.

[GitHub](https://github.com/ndatg/tonstorage-dapp)
### Integration with TON Sites

The technology behind TON Sites was [unveiled ](https://telegra.ph/TON-Sites-TON-WWW-and-TON-Proxy-09-29-2)in September this year. It allows users to launch sites on the TON network without needing an association with a fixed IP address, a centralized domain, and a certified centralized center. Data between users and the site is encrypted. 

Now, you have the opportunity to host TON Sites on TON Storage — [http://just-for-test.ton/index.html](http://just-for-test.ton/index.html), for instance, doesn’t have a web server and is fully decentralized.

[Here’s the guide](https://ton.org/docs/participate/ton-storage/storage-faq#how-to-host-static-ton-site-in-ton-storage)
### Integration with TON NFT

The content of many NFTs is digital images.

Directly uploading images onto the blockchain is not the best idea — the blockchain is made for storing sensitive data, such as crypto wallet balances or documents indicating ownership. 

The ideal location to store NFT content is with TON Storage.

The possibility of migrating to TON Storage was incorporated in the standard TON NFT smart contract, and now collection creators can take advantage of this. 

[Here’s the guide](https://ton.org/docs/participate/ton-storage/storage-faq#how-to-migrate-ton-nft-content-to-ton-storage)

### Private data
Until now, we’ve been talking about public data available to everyone.

However, private data can also be placed in TON Storage by encrypting it beforehand. Encryption can happen with the help of your TON wallet’s key because it allows for providing high-quality security and avoiding needing to constantly enter passwords. 

### Meta cloud
In one of our previous [articles](https://telegra.ph/TON--The-metacloud-06-15), we discussed how TON Storage is an infrastructure solution, a decentralized analog to CDN, and cloud storage.

As an example, TON Storage can be seen as a “decentralized Amazon S3”.

One advantage over centralized cloud solution is that anyone can become a node operator on the TON network and receive payments directly from users. This will stimulate new independent participants to join the network. It’s quite difficult to try to become a competitor in the global market of cloud solutions when considering how much would be needed to spend on marketing and development. The Open Network has a place even for smaller participants who want to maintain the functionality of a single node. 

### Further steps
Today, we presented TON Storage, a universal technology that stores any files on decentralized TON network and is integrated with other TON components.

We invite the developer community to begin creating products based on TON Storage, from useful and convenient apps similar to Dropbox to non-commercial torrent portals dedicated to file sharing.

Another important direction is the creation of a decentralized exchange or marketplace, where node operators would be able to post their services (disk space, prices, geographical location, reputation, etc.), and users and services would be able to find the most suitable options for themselves. 

The TON Foundation will be concentrating on integrating TON Storage and [TON Payments](https://telegra.ph/TON-Payments-07-01) to allow node operators to receive rewards for not only storing files but also their quick distribution.

TON Storage

Fanzee announced a $2M pre-seed raise to transform fan engagement in sports and entertainment led by TONcoin Fund and
First Stage Labs with MEXC Global, Huobi Global, KuCoin Exchange, VLG Capital, Orbs, 3Commas.io and Hexit Capital.

This note is written to shed some light on the investment process at the TONcoin Fund (TCF) and how we think about
potential new ideas.

Firstly, this probably goes without saying, but as an ecosystem, TCF is primarily looking for startup companies that
have a strong desire to build on the The Open Network (TON) blockchain, issue a token (jetton), or have the ability to
bring a large number of users to TON.

After receiving an application from a founder or team, we start our preliminary due diligence process:

**Does the project fit into the TON ecosystem?**

Fanzee is a fan engagement platform and we have high hopes that if the project is successful, it will bring many
thousands of users to the TON blockchain. We also believe that Fanzee will be able to leverage the power of the TON
blockchain, clearly showcasing the power of TON to a broader audience.

**Is there a good product/market fit?**

We have long been interested in the power of sports and how fans will embrace the blockchain and digital assets. We have
already seen substantial interest in fan tokens, fantasy games and NFTs, but so far these efforts have lacked a sense of
participation from the fans. We believe that Fanzee is providing sports teams and fans with a new and unique way to
engage with each other. It is a highly unique solution that embraces gamification, which we expect to result in high
levels of fan involvement.

**How attractive is the market opportunity?**

The market for licensed sports merchandise is absolutely huge (upwards of $30 bn) and clubs are eager to explore new
commercial opportunities. This includes the nascent market for digital assets. Fanzee’s platform will allow clubs to
release their own collections of digital assets, while providing another way for fans to show their support.

**Does the product have traction?**

Although Fanzee has yet to launch, the team has already developed a proof-of-concept and provided a detailed and clear
roadmap for the future. They demonstrated a strong understanding of the target audience and a plan for attracting
customers.

**Does the project team have valuable experience and an ability to execute?**

We are looking for teams that have a good mix of business experience and tech skills, which Fanzee was able to
demonstrate. In this particular case, we were looking for previous sports industry experience and knowledge that we
thought would be key to attracting customers (sports teams and federations).

**Is the project investment ready?**

As Fanzee was looking for “Seed stage” funding, we were not expecting a detailed business plan. However, the team were
able to deliver a clear and concise pitch deck that outlined their story. There was a clear roadmap, seeking an
appropriate level of funding.

## The Next Stage

After our initial screening and due diligence, we decided to invite Fanzee’s management team to present to the TCF
Investment Committee. Here, the fund’s partners get a chance to get to know the founders and discuss future plans in
more detail.

Needless to say, these conversations are confidential, but we are looking to founders to have a clear and concise
vision. Ultimately, this is the time when the partners can start to develop a relationship with the founder and think
about what the fund can provide in terms of ongoing support.

It is early days for Fanzee, but we are excited to be part of the journey. We are fans.

---

Note: The content of this webpage is not an investment advice and does not constitute any offer or solicitation to offer
or recommendation of any investment product. It is for general purposes only and does not take into account your
individual needs, investment objectives and specific financial circumstances. Investment involves risk.
