Mar 25
The State of the TON Ecosystem
In this recurring article, we'll go over the latest developments in the TON ecosystem and highlight several key projects with new campaigns.
Since the beginning of March, TON’s TVL has risen sharply and steadily, dropping a little around the middle of the month but it has since picked up pace today and at the time of this report, now at the all-time-high of $64 million. In contrast, though, the total volume has decreased from less than 120,000 at the beginning of 2024 to less than 5,000 currently.
Among TON protocols, the following are the top ten performers:
- Tonstakers
- STON.fi
- bemo
- DeDust
- Stakee
- Megaton Finance
- Tonnel Network
- Storm Trade
- Hipo
- DAOLama
Let’s dive into the latest projects and exciting announcements from the TON ecosystem within the past month.
Nobby.Game's $SOX Token Sale Attracts Hundreds on TonRaffles
Nobby.Game, the pioneering Play-to-Earn (P2E) game built on the TON blockchain is currently running a fairlaunch of its $SOX token on the TonRaffles platform. The fairlunch, which commenced on March 19, 2024, has already garnered significant attention, with nearly 5,000 of the TON allocated for the presale already sold so far. The pool closes on March 29, 2024, and participants can start claiming their $SOX tokens from the following day.
Presale Details
Token price: 1 SOX = 0.000013077 TON
Total tokens for presale: 350,000,000 SOX
Contributor limit: 500 TON per user
Initial market cap (estimate): 13,077 TON
Number of contributors: 439 (and counting)
What is a Fairlaunch?
A fairlaunch is a transparent and equitable method of distributing a new currency or token to interested participants. In a traditional presale, large investors and insiders can often buy a significant portion of tokens at a discounted price before the public sale, potentially allowing them to dump tokens on regular investors later. Fairlaunches have no private sale rounds.
About Nobby.Game:
Nobby.Game is a Play-to-Earn (P2E) game built on the TON blockchain that combines gaming and blockchain technology. Central to the game's narrative is the character of Nobby, an adventurous elf on a quest for freedom for himself and his fellow elves. The project has also announced plans to launch an NFT collection soon, further expanding its presence in the rapidly growing blockchain gaming ecosystem.
AIYA Project Launches News Bot for TON Ecosystem
The AIYA project has launched its AI news bot that is designed to help users stay up-to-date on all the latest info coming out of the TON ecosystem. The bot will track happenings across TON projects and deliver tailored news reports to users. As such, users will be able to personalize their experience based on the topics, products, and projects they care about.
Alpha version: the bot is an alpha version release and AIYA will be banking on user feedback and usage reports to iterate its development before the full public release. Though in its early stage, it already has strong features that are sure to pull users such as its news curation feature as well as the ability to filter out promotional and harmful posts.
What is the AIYA Project?
The overarching goal of the AIYA project is to develop user-friendly AI solutions leveraging Telegram’s infrastructure and TON.
Roadmap: As part of its roadmap promises for Q1 2024, it launched its NFT mint on March 10 to allow owners of collectables access to the full range of AI experiences and other offerings. The mint started with 65 TON per NFT and will subsequently increase by 5 TON for the second and third stages. After the first three stages, which are for whitelist holders, there will be a public mint starting at 80 TON. There are 1,000 NFTs in total of which about 500 have already been sold.
Storm Trade’s Rewards Program with TON Foundation
With major support from the TON Foundation and in partnership with TONcoin.Fund, Storm Trade announced a giveaway rewards program for its users. The only requirement is that users trade and provide liquidity on the platform, specifically for transactions in TON and jUSDT. In return, up to 70% of the income Storm Trade earns is up for grabs by users. Also, users’ wallets are automatically credited with TON in proportion to their activities at the end of the week; no additional actions are required of users to claim their rewards.
Rewards sharing for the Open League Reward Program:
- 1st week (March 4-10): 1250 TON for traders and liquidity providers in proportion to their trading volume and liquidity volume respectively.
- 2nd to 4th weeks (March 11-31): 2500 TON for traders and liquidity providers and another 2500 TON for traders ranked in the top 50 for total trading volume and total PnL of the week.
Storm Trade: a decentralized leveraged trading DEX that allows for the collection of liquidity in a single token, rather than multiple tokens, the more common approach. Storm Trade’s method aims to minimize risk. According to its roadmap, the Storm Trade token should be launched in April.
XTON Launchpad Launches Mini-App
In a low-key move, XTON launched a mini-app that enables users to perform on-chain tasks for points that will translate to participation in the sales of future projects on its web3 marketplace. XTON’s immediate target is to launch an incubated AI project, but it also offers opportunities to builders to facilitate the development and robustness of the larger TON marketplace.
What is XTON?
XTON is a native cross-chain launchpad for the TON ecosystem and the brainchild of Mark Okhman, a former TON Foundation employee. The idea is to connect various blockchain networks and host projects and dApps via Telegram. So, users will be able to transact on EVM networks even with TON-issued tokens XTON aims to make the process seamless and accessible for not just users but also for project builders by offering technical assistance and guidance ahead of their launch.
Web3TON NFT Collection Launches New Sale
Web3TON finally launched sales of its NFT collection, composed of artworks of mermaids and Triton figures. The sale is to last from March 15 to March 24, 2024 and the price for each artwork ranges from 50 TON to 15,000 TON. Currently, 370 holders have purchased over 2,500 of the NFTs. In total, there are 17,350 artworks available for purchase.
The Web3TON promise:
Web3TON’s main promise has been the release of a $MARGA token drop every fortnight. An item owner receives a drop depending on the rarity and other features of the NFTs in their wallet. This has gone on for two years, and holders have received tokens worth more than 50,000 TON. Many holders have received even more than they invested in the NFTs in the first place in addition to joining an exclusive investment club.
TON Internet:
Ultimately, Web3TON hinges on the power of TON Internet and the launch of the TON Sites infrastructure, which will allow holders to exchange their items for website development services.
Disclaimer: Nothing on this site should be construed as a financial investment recommendation. It’s important to understand that investing is a high-risk activity. Investments expose money to potential loss.
