USDt launches on TON to offer Telegram’s 900M users access to cross-border payments! TL;DR: ▪️ Tether.to’s USDt is now available on #TON, coming in a new experience for Tether aimed at making cross-border payments faster, cheaper, and easier for Telegram's 900M users: https://ton.org/borderless ▪️ TON Foundation offers 11M Toncoin in incentives, aiming to put crypto in every pocket. Pavel Durov, CEO & Founder of Telegram Messenger, Paolo Ardoino, CEO of Tether.to, and Andrew Rogozov, CEO of The Open Platform & Wallet, announced today at TOKEN2049 in Dubai that Tether, in collaboration with TON Foundation, has launched USDt on TON. Instant, free, as easy as sending a text message. USDt on TON simplifies global peer-to-peer payments for Telegram’s 900M monthly active users. The integration of USDt into Wallet in Telegram makes USDt transfers free and instant between all Telegram users; all you need to do is send a DM, no need for a blockchain address, and no need to download a new app. USDt, also known as Tether, is a cryptocurrency pegged 1-to-1 with USD and backed 100% by Tether’s reserves. Unlike other more volatile digital assets, it offers a stable value. Making USDt on TON ideal for daily transactions and cross-border payments. USDt on TON will be accompanied by fully integrated on-ramps from most fiat currencies globally at launch. Soon, integrated global off-ramps will enable users to withdraw supported fiat currencies directly to bank accounts or cards. The aim is for USDt on TON to become a faster, easier, and cheaper cross-border payment system than traditional financial services. 11M Toncoin in incentives TON Foundation has committed 11M Toncoin to incentivize the adoption of USDt on TON. For a limited time, while incentives last: ▪️ 5M Toncoin will be used to boost rewards in USDt/TON liquidity pools across TON DEXes STON.fi DEX and DeDust. ▪️ 5M Toncoin will be given to users depositing USDt to Wallet’s Earn campaign. ▪️ Withdrawals to TON from all supporting exchanges like OKX, Bybit, and KuCoin Exchange will be entirely free for all users until the end of June, 2024. ▪️ Prepare the engines. These incentives will begin soon. The launch of USDt on TON represents a step towards integrating digital currencies into everyday life, providing 900M users with a seamless and integrated financial service within TON’s Web3 ecosystem in Telegram. For more details and a guide on how to use USDt on TON, check out this blog post: https://lnkd.in/dykkJ5rN Please note that USDt on TON is not available to users based in mainland US, US territories, or US citizens and Prohibited Countries as defined under Tether Terms of Service.
TON Foundation
Software Development
TON Foundation (TF) acts for the TON Community, supporting initiatives that achieve the TON Mission.
About us
We believe in the power of a decentralized future and self-sovereignty at scale. The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON's vision is to empower 500 million users to own their digital identity, data, and assets by 2028.
- Website
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https://www.ton.foundation/en
External link for TON Foundation
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- Telegram
- Type
- Nonprofit
- Founded
- 2023
Locations
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Primary
Telegram, AE
Employees at TON Foundation
Updates
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TON Foundation forms strategic partnership with HashKey Group! TL;DR: ▪️ TON Foundation partners with HashKey Group to enhance the TON Ecosystem. ▪️ The partnership aims to support early-stage projects on #TON and improve fiat on and off-ramps for Wallet users in APAC. HashKey Group, the parent company of HashKey Exchange, and TON Foundation have announced a strategic partnership, marking a significant step forward in their commitment to put #crypto and #Web3 in every pocket. This collaboration is set to provide a robust support system for TON Ecosystem projects, with a special focus on those in the early stages of development. Through this partnership, both organizations aim to enhance the user experience and accessibility of the TON Ecosystem, particularly for Wallet users in the Asia-Pacific region. They will explore innovative methods to facilitate easier access to fiat on and off-ramps, making digital assets more accessible. Key to this collaboration is the continuation of the TON Bootcamp. This initiative is designed to nurture new and innovative projects on TON by providing them with essential resources such as mentorship, networking opportunities, and other incubation activities. HashKey Group will also consider supporting promising TON Ecosystem projects. While the partnership will initially focus on the Hong Kong market, there is a shared intention to extend these efforts to other markets, adhering to regional laws and regulations. For more details, check out this blog post: https://lnkd.in/dwbHh9nY
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TON Society partners with HumanCode and offers 1M Toncoin in incentives! TL;DR: ▪️ TON Society has joined forces with HumanCode, an innovative AI technology company, to transform the way users verify their identity online (proof-of-human). ▪️ 1M Toncoin (over $5M) in incentives from TON Society for verifying your identity. ▪️ This partnership was unveiled at the Web3 Festival in Hong Kong, marking a significant step forward in the battle against bots which present a major risk to the Web. HumanCode, led by the esteemed Dr. DONG Zhang, introduces an innovative palm scanning technology that provides a quick, highly accurate method for real-person verification. This technology is designed to work across all smartphones and browsers, accommodating various skin tones, ensuring a seamless user experience. It's a privacy-centric solution that validates human presence without compromising individual anonymity. In celebration of this collaboration, TON Society is offering 1 million Toncoin to encourage the adoption of HumanCode. This initiative aims to integrate Web3 identity features for the 900 million monthly active Telegram users, emphasizing privacy and security in the digital space. Incentives will be given to TON Society members who complete the palm scan and prove their personhood. Anyone can join TON society by connecting their TON wallet at https://society.ton.org/ Join TON Society now and prepare for the upcoming drop! ⬇️ https://society.ton.org/
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TON Foundation reposted this
Telegram's decision to dump the euro in favor of toncoins for advertisers and crypto payouts for content creators is paying dividends for TON investors. The move created circular advertising economy, which could fuel even more growth for the TON blockchain ecosystem. #Telegram #Crypto #Payments https://trib.al/8cMRw2K
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"Yolo Investments, a venture capital firm focused on gaming, fintech, blockchain and emerging technologies, has emphasized its support for the vision of The Open Network (TON) by making an $8 million investment in Toncoin and the broader TON ecosystem" Via CoinDesk ⬇️ https://lnkd.in/dTJu2BPR
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TON Foundation reposted this
🎉✨ #TONSeoulNight was an incredible success, together over 300 attendees including VC, exchanges, founders, and builders for an unforgettable networking experience. A massive thank you to everyone who joined us for the ultimate gathering of innovators! 🙌 #TON TON Foundation
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21Shares launches Toncoin staking ETP (TONN) TL;DR: ▪️ 21Shares unveils the Toncoin Staking ETP (TONN), a secure and easy way for investors to tap into #TON's growth potential by earning staking rewards. ▪️ Trading starts today on the SIX Swiss Exchange. 21Shares AG, creators behind Cathie Wood's Bitcoin Spot ETF and the largest issuer of cryptocurrency exchange-traded products (ETPs) globally, is now launching the 21Shares Toncoin Staking ETP (Ticker: TONN). Fully backed by Toncoin, the 21Shares Toncoin Staking ETP (TONN) tracks the performance of TON while automatically reinvesting staking earnings back into the ETP to boost its performance. It serves as a regulated and secure option for investors looking to engage with the growth potential of TON. Why is this important? This ETP opens up the world of Toncoin staking to all investors, offering a seamless way to earn staking rewards without the hassle of managing a staking node. Whether you're new to the crypto space or a seasoned investor, TONN provides a straightforward path to participate in the rewards of TON's proof-of-stake (PoS) consensus. TONN is available for trading in USD on the SIX Swiss Exchange starting from today, March 27, 2024. For more details, visit this page: https://lnkd.in/d832pvxM
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"The Open Network Foundation, which develops the namesake blockchain that powers Telegram’s new advertising platform, will allocate 30 million Toncoin (TON) tokens, worth $115 million at the time of publication, for community rewards." Via Cointelegraph 👇 https://lnkd.in/dTgc7s73
TON blockchain launches $115M community incentive program
cointelegraph.com
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TON Foundation reposted this
🚨NEW LISTING🚨 The TON blockchain is now live on Token Terminal! Link to the dashboard: https://lnkd.in/efPFTudw cc TON Foundation
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TON Foundation has joined forces with Fireblocks and DWF Labs, aiming to enhance the accessibility and security of the #TON Ecosystem for all users. This collaboration marks a significant advancement, providing everyday people with access to the most advanced and secure direct custody technology available. Fireblocks integrates with TON Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets, having secured the transfer of over $4 trillion in digital assets to date. Its integration with TON Blockchain and Toncoin enhances security and facilitates #DeFi integrations. This effort, focusing on supporting the TON Space self-custody wallet and utilizing Fireblocks' DeFi API, aims to bolster DeFi adoption within the TON Ecosystem. Completed in March, this initiative will speed up transactions and improve cross-chain interoperability. DWF Labs DWF Labs, the new generation #Web3 investor and market maker, acts as a vital bridge between TON's retail-focused ecosystem and Fireblocks' enterprise-level services. This initiative significantly enhances security and operational efficiency for both individual users and institutions. This collaboration underscores the commitment of TON Foundation, DWF Labs, and Fireblocks to develop a Web3 ecosystem ready for mainstream adoption. It also aligns with TON's vision of putting #crypto in every pocket and giving billions the opportunity to own their digital identity, data, and assets. For more information, read this blog post: https://lnkd.in/gFrzq5wZ
Ushering in a New Era of Internet Ownership to the Public
blog.ton.org