What is TON? Crypto Economy Takes Shape in Telegram
Telegram’s TON (The Open Network) has undergone a remarkable journey, evolving from a controversial project to a promising blockchain platform. With the recent launch of the Open League program on April 1, TON is attracting a surge of new users and gaining momentum in the cryptocurrency market.
This article will explain how TON started, how it has changed over time, and what it’s doing now. We’ll look at how it might affect the world of cryptocurrencies and how it works with Telegram, one of the most popular messaging apps.
TON’s Journey from Telegram to Independence
TON, originally conceived as an extension of the popular messaging app Telegram, envisioned a decentralized platform that would integrate blockchain technology.
In 2018, Telegram’s ICO for the GRAM token raised a substantial $1.7 billion, reflecting the immense interest and potential investors saw in the project. Unfortunately, this success was short-lived.
The United States Securities and Exchange Commission (SEC) soon raised concerns about the TON project, leading to significant legal challenges. As a result of these regulatory hurdles, Telegram made the difficult decision to exit the endeavor in 2020. This move left the future of TON uncertain, but it was far from the end of the story.
After Telegram stepped away, the TON project didn’t end. Instead, it changed and grew in a new way. The project was open-source, which means anyone could use and change the code. This allowed TON supporters to continue the work without Telegram.
In 2020, the community started a new version called “Free TON”. They used the original TON code but ran it on their own, separate from Telegram. As time went on, they changed the name to simply “The Open Network” (TON). This new name showed that TON was now run by its community, not by Telegram anymore.
What is TON and What Can It Do?
At its core, TON is a layer-1 blockchain network designed for decentralized applications (dapps) and fast transactions. Its innovative architecture sets it apart from other blockchain networks.
Key Features of TON:
Dynamic Sharding: This technology allows the network to split and merge blockchains automatically based on transaction load, enhancing scalability.
BFT Consensus Mechanism: TON employs a Byzantine Fault Tolerant consensus algorithm, which contributes to the network’s security and efficiency.
TON Virtual Machine (TVM): This component enables the execution of smart contracts on the TON blockchain, opening up possibilities for a wide range of decentralized applications.
These technical features are designed to address some of the most pressing challenges in the blockchain space, particularly concerning scalability and transaction speed.
TON and Telegram Are Forming A Renewed Partnership
While Telegram officially distanced itself from the TON project in 2020, recent developments have seen a renewed connection between the messaging platform and the blockchain network. This new partnership is happening in a few important ways:
1. Toncoin Payments for Advertisements
In February 2024, Telegram started a new way to share ad revenue with channel owners. They now pay channel owners using Toncoin (TON) instead of regular money. This decision to use Toncoin instead of fiat currency for ad payments marks a strong endorsement of Web3 principles by Telegram.
Channel owners with at least 1,000 followers can get half of the revenue from ads shown on their channels. Given that Telegram channels generate over 1 trillion views a month, this move has the potential to significantly increase Toncoin circulation and awareness.
2. The Open League Program
On April 1, 2024, TON started a new program called the Open League. This program aims to get more people involved in using TON.
Here’s what the program offers:
- Giving out 30 million TON (worth about $188 million) to people who use TON
- Rewards for doing tasks, joining giveaways, and helping with TON’s trading platforms
- A plan to bring millions of Telegram users into the world of blockchain
So far, the program has shown good results. More people are using TON wallets every day (up by 47%), and the amount of money in the TON system has grown a lot (up by 244%) during the first test run.
3. Seamless Integration with Telegram
TON’s main strength is how well it can work with the Telegram app. This connection could allow users to:
- In-app payments using Toncoin
- Bot payments
- Microtransactions within the Telegram ecosystem
By connecting TON to Telegram’s huge user base of over 800 million people, many more people might start using cryptocurrency and blockchain technology in their daily lives.
The TON Wallet Connects Messaging and Cryptocurrency
The TON wallet is at the heart of the TON user experience. It’s built right into Telegram, letting users handle their money while messaging. This makes it different from regular crypto wallets. Users can manage their funds inside the app they already use daily, combining chat and financial tasks in one place. Creating a TON wallet is simple through the Telegram app or TON website, and you don’t need to give any personal details like your phone number or email address. This straightforward setup could help more people start using cryptocurrency.
Perhaps one of the best things about the TON wallet is how easy it is to use. Many other crypto wallets are complicated and made for people who know a lot about trading. But the TON wallet is different – it’s made for regular people to use every day. This means that if you’re new to cryptocurrency, you’ll find it much easier to get started with TON.
It’s also very flexible, letting users easily manage different types of cryptocurrency (like USDT and TON) across various networks. This makes it simpler for people to use and transfer their digital money.
What is TON With Telegram-based Games?
TON and Telegram are working together to make games better. This team-up is great for everyone. Game makers can reach lots of Telegram users. Players can enjoy games easily in the Telegram app they already use. The blockchain technology makes games safer and fairer. This mix of messaging and blockchain allows for new and exciting game ideas. This could change how we think about mobile games and blockchain technology. As more games are made, TON could become a leader in blockchain gaming.
The TON blockchain on Telegram already hosts numerous popular games. These games offer a unique blend of entertainment and financial reward, allowing players to earn coins while enjoying gameplay. Some of the standout games and their associated tokens include:
For more insights on how GeeLark can boost your tap-to-earn experience, check out the articles linked above. They’re packed with valuable information you won’t want to miss!
Earn TON Coins While Playing Games on Telegram
TON makes games faster and more fun for Telegram’s many users. Now that you know about TON and its special bond with Telegram, let’s look at how you can earn more TON ecosystem coins by tapping on cloud phones.
Try using Geelark as your sidekick. It’s a next-gen mobile antidetect solution that provides you with real cloud-hosted Android devices and lets you manage multiple accounts at once. This means you can play more games and earn more coins. With Geelark, you can do more in the TON world and potentially get more coins from different games.
Here’s how you can get started within a few steps:
- Download the GeeLark app and create an account.
- Create a cloud phone profile and assign a proxy to provide a unique IP address.
- Navigate to the Applications section and install Telegram on your cloud phone profile.
- Set up as many Telegram profiles as needed, ensuring each has a separate proxy for security.
FAQs
What is TON?
TON, or The Open Network, is a blockchain platform designed for decentralized applications (dApps) and fast transactions. It was originally developed by Telegram but is now an independent project.
How is TON related to Telegram?
While Telegram officially distanced itself from TON in 2020, they have recently renewed their partnership. Telegram now uses Toncoin (TON’s native cryptocurrency) for ad revenue payments to channel owners, and TON is seamlessly integrated into the Telegram app for various payment functions.
What is the Open League program?
The Open League program is an initiative aimed at increasing TON adoption. It offers rewards in TON tokens for completing tasks, participating in giveaways, and engaging with TON’s trading platforms.
How can I earn TON coins through Telegram games?
Many blockchain-based games on Telegram, such as Notcoin, Dogs, Hamster Kombat, and Catizen, allow you to earn their native tokens, which can often be exchanged for TON.
What makes the TON wallet unique?
The TON wallet is directly integrated into the Telegram app, providing a convenient and user-friendly experience. It doesn’t require personal information for setup and offers a secure way to manage your TON tokens.
How do GeeLark cloud phones increase TON coin earnings?
GeeLark cloud phones boost TON coin earnings by letting you manage multiple accounts at once. This means you can play more games and potentially earn more TON ecosystem coins.
Using GeeLark’s Synchronizer tool, you can play with several IDs simultaneously with less effort. This helps you get more involved in the TON ecosystem and maximize your coin earnings across various Telegram-based games.