Ton (TON) was launched on HotsCoin on January 22. Ton (The Open Network) is a completely decentralized Layer1 blockchain designed by Telegram, with its ultra-fast transaction speed, low fees, and easy-to-use applications. Known for its environmental protection. This report will conduct an in-depth study of Ton’s basic information, token status, key events, network framework, roadmap, token status, use cases, network data, ecosystem, and prospects for Ton’s future. Currently, TON is open for trading on HotsCoin.
Basic Information
Ton token
Circulation: 3,457,144,215.159 TON
Total supply: 5,101,596,177.429 TON
Circulation market value: $7,623,572,959.685
Fully diluted market cap: $11,249,860,650.57
key events
2022-07-07
Ton’s second ecosystem fund completed fundraising of US$90 million.
2022-04-11
Ton’s first ecosystem fund raised US$250 million.
Ton network framework
The structure of Ton is a multi-layered multi-chain structure, including the main chain (masterchain), work chain (work chain) and shard chain (shard chain). The main chain is equivalent to the central manager, the work chain supports smart contracts and decentralized applications (DApps), and the shard chain improves scalability and parallel transaction processing. Ton uses a PoS consensus mechanism, including verification nodes, Fisherman and proofreaders.
Ton road map
Strengthen the detection and punishment of non-validation nodes.
Create a cross-chain bridge connecting Ethereum and BNB smart chains.
Allow staking participants to conduct network-wide voting on the chain.
Implement payment channels to support instant micropayments.
Ton token situation
After Testnet 2 goes live, a total of 5 billion tokens will be minted, of which 1.45% will be allocated to developers and testers. The reward tokens in the PoS stage are close to 20% of the amount of pledged tokens, the annual inflation rate is close to 2%, and the total number of tokens is expected to double in 35 years.
Ton use case
Payment: Including domain name (DNS), data storage, TON proxy, on-chain gas, cross-chain fees, etc.
Staking: To maintain network security, part of the tokens that have been slashed by the verification nodes will be destroyed.
Governance: Token holders can participate in network governance.
Ton network data
Number of verification nodes: 343
Amount of TON tokens pledged: 486 million
Number of circulating tokens: 3.441 billion
Number of new on-chain addresses daily: 700–900
Current total number of accounts: 3.351 million
Number of active addresses: 765,000
Average daily transaction volume: 160,000
Ton ecosystem
DEX
Megaton Finance:
TVL: $4.89 million
Token: $MEGA
Financing: $1.5 million seed round
DeDust:
TVL: $2.56 million
Supports token bridging to achieve seamless transfer of tokens.
STON.fi:
TVL: $2.23 million
AMM DEX, transaction fees are allocated to liquidity providers and the STON.fi protocol.
Lending
DAOLama:
Lending platform for NFT as collateral, TVL: $160,000.
NFT Marketplace
TON Diamonds:
In the main NFT trading market, users can reduce transaction fees by purchasing diamond NFT.
other
Fanzee:
Fan engagement platform received US$2 million in pre-seed round financing.
Summarize
Although the Telegram team is no longer involved in the development of Ton, Ton still actively embraces the Telegram ecosystem, attracting some important ecological projects based on high performance and low threshold. At present, Ton's ecology is still in the early development stage, and projects are mainly concentrated in the infrastructure field. Ton’s future will benefit from its cooperation with Telegram and is expected to become an important force in the field of decentralized finance.
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