Using TON with simple life examples 💎

For the average person unfamiliar with cryptocurrencies, using cryptocurrencies can seem confusing.

However, there are a number of options of what you can do with them in your everyday life — we decided to tell you about it using Toncoin as an example.

➖1️⃣ TO SPEND

Some online stores and platforms are starting to accept cryptocurrencies as payment. You can use Toncoin to purchase goods or services, for example:

🔵@wallet is a cryptocurrency wallet in Telegram bot format. Here you can store and exchange Toncoin, USDT and Bitcoin. After adding the bot in the «Attach» section (paperclip in the input field), messages can be supplemented not only with photos or files, but also with real money.

🔵@mobile — a bot to buy mobile internet packages for your eSIM so you can then use it in different countries without having to buy a local sim card.

🔵@donate — a bot that allows its creators to monetize their content. @CryptoBot and @tonRocketBot have similar functionality.

🔵Getgems and TON Diamonds — marketplaces for buying NFT.

🔵Hell Sweep and Tap Fantasy are games that support payment with Toncoin.

🔵Fragment allows paying with Toncoin for usernames, Telegram Premium subscription, and anonymous phone numbers.

Recall that, last week The Open Network team introduced Telegram Apps Center — a universal directory of TON and Telegram bot and web application ecosystem. We wrote more about it here.

➖ 2️⃣ TO STORE

Cryptocurrency can be seen as a tool for a variety of financial objectives, including diversification, long-term storage of the value captured in stablecoins, or risk mitigation.

It allows the owner to build a more stable and diverse portfolio that can handle different market conditions.

➖ 3️⃣ TO MULTIPLY

Money should also work, not just sit idle in an account and be subject to inflation. The TON ecosystem offers different ways to make Toncoin active and multiply them:

🔵Staking: this is a process where you provide your funds as a guarantee to keep the network running - in exchange for a share of the validators' revenue.

🔵Providing liquidity: on DEX such as DeDust and STON.fi, you can exchange different tokens for each other without intermediaries. And providing liquidity can bring a commission (income) from trading.

🔵Farming and Lending: Farming and Lending: Farming is loaning your tokens in exchange for a reward. Lending allows you to lend your tokens in exchange for interest. Both options can generate additional income.

❗️Ultimately, the decision to invest in cryptocurrencies, including TON, is left to your discretion and should be based on well-considered and informed decisions consistent with your financial goals and risk tolerance.

#ton #usecases #post

Everscale History: Beginning, Achievements, Evolution 🪙

The most important moments of the Everscale history and the direction of blockchain development for the near future is described in the article published on the Everscale blog on Medium.

➕First Everscale initiates decentralized messaging for users through the implementation of REMP to amplifies user privacy and reinforces freedom of expression within the network

➕Then it was started development and integration of compatible systems on Everscale, utilizing its multi-level blockchain architecture to ensure seamless interoperability with EVM networks

➕Then Everscale achieves the ability to launch programmable economies on separate workchains, necessary to support Metavers projects, stablecoins and autonomous ecosystems

Timeline

▶️May 7, 2020 — A group of professional validators and developers, launched blockchain platform Free TON as a community driven blockchain without any ICO/IEO. The blockchain development concept contained the idea of meritocratic distribution of project tokens through contests initiated by the users themselves and aimed at improving the network and introducing new solutions.

▶️2020–2021 — Active development by teams of engineers and developers to build the core infrastructure, refine the codebase, conduct extensive testing and optimization to identify potential bottlenecks, vulnerabilities, and areas for improvement.

▶️September 7, 2021 — Everscale reached historical 64,000 TPS on the main network.

▶️November 8, 2021 — Free TON has been rebranded to Everscale.

▶️March 11, 2022 — Ever DAO voting platform was launched. Decisions began to be made by the main holders of the network.

▶️January 31, 2023 — Venom Ventures Fund announces strategic partnership and investment in Everscale.

Future Plans

Currently in active development and testing stage: EverLend — Lending/Borrowing protocol; Algorithmic & Crypto-Backed Stablecoins Platform; EVM compatible workchain; Drivechain — The DeDrive stage focuses on creating a cost-effective, decentralized, and secure storage solution; Ever SSI — the Self-Sovereign Identity (SSI) framework refer to a user-centric approach to digital identity that gives individuals and organizations full control over their data.

🔗 Go to the article to find out all the details (~10 min read)

#ever #media #post

Push Everscale to get into the 3xpl ecosystem 💬

Everscale appeared in the list of blockchains claiming to be added to the 3xpl platform.

3xpl is a fast ad-free universal explorer for public blockchains. The service provides a simple interface of blockchain statistics for ordinary crypto users, as well as lots of professional features.

To date, 3xpl supports 24 popular blockchains, including Bitcoin, Ethereum, BNB, Avalanche, Polkadot, Solana and TON.

🗳 Sign in the platform through your X account (formerly, Twitter) and cast your vote for Everscale.

#ever #vote #post

Interview with Qamon developers 📬

Earlier we wrote about Qamon — an Everscale-based email service that provides anonymous, secure, cheap and fast message transfer between users.

Nikita Tkach, the Team Lead and Qamon Project Owner, as well as the main members of the project team, gave an in-depth interview to Hackernoon portal.

We have collected the key points for you:

🔵Motivation behind the creation: the creation of such a service was driven by the need to overcome the shortcomings of traditional email services.

🔵Differences from traditional e-mail: Qamon does not use intermediary servers for data transfer, and IPFS is used to store files, which together gives increased privacy, security and resistance to censorship.

🔵Availability: the service is available on a variety of platforms and devices. In addition, the ylide protocol is supported and further integration with Web3 platforms is planned.

🔵Security: Qamon's decentralized nature and encryption make the service resistant to censorship and surveillance. Emails are transmitted encrypted over a distributed network, making it impossible for a single entity to control or censor.

🔵Scalability: using highly scalable blockchains such as Everscale and Venom for email transmission gives excellent scalability and resilience to any network congestion.

🔵Protection against attacks: there is no shared address base in the Qamon ecosystem that is susceptible to spam. A fee is charged for each message sent, preventing malicious messages from being transmitted.

🔵Encryption and authentication: Qamon uses a combination of encryption, blockchain-based storage, key exchange, and cryptographic signatures to ensure email security and authenticity.

🔵Future plans: the service plans to integrate with more decentralized platforms, expand functionality and collaborate with other services to develop secure and decentralized communication.

🔵Cooperation with the government: Qamon's safe, secure and efficient communication can be useful for government communications, so the platform is currently being tested in the administrative structures of individual countries.

🔵Final conclusions: Qamon's unique approach to email services is a testament to the constant innovation in the technology industry.

The use of blockchain, decentralization and cryptography opens up new opportunities to improve the security and privacy of digital communications.

🔗 The full interview is available here.

#ever #qamon #interview #post

TON Believers Fund initiative approved by the community💎

Crypto enthusiasts from the TON community proposed the initiative of the TON Believers Fund (TBF) project, a special smart contract for Toncoin holders to lock their coins for a period of 5 years. The goal is to amplify the TON tokenomics.

Based on the results of the community survey on the TON.Vote decentralized platform where the community supported the initiative, the TON Foundation will support it by sending 1 million TON from the TON Fund to reward depositors.

How does it work?

⏺Anyone can deposit TON into the smart contract, which will be locked for 5 years. The first 2 years are locked, and the remaining 3 years will vest monthly.

⏺Anyone can donate to the contract, and these donations will be used as a reward yield for those who lock their TON.

🗒 TON Believers Fund Guidelines

#ton #post

Vote on FlatQube DAO 🗳

The vote on the amount of rewards in the farming pools (Epoch 23) is now active on FlatQube DAO. The vote will last until September 3.

To participate in this epoch, you need veQUBE virtual tokens, which are issued in exchange for locked QUBE tokens. The maximum locking period is 4 years.

The veQUBE formula
veQUBE = QUBE * lock time / max lock time

Voting mechanics
All pools that get from 1–35% of the votes will get rewards. The rewards will be split up and distributed according to the percentage of votes a pool receives. All pools that receive less than 1% of the votes won’t get rewards and their votes will be allocated to other pools. For pools that receive more than 35%, once the voting period ends, the surplus will be to the treasury.

How to get veQUBE and vote
• Go to the Balance management tab
• Select the QUBE locking period: from 14 to 1460 days. The longer the locking period, the more veQUBE you get.
• Return to the DAO tab and vote for one or more farming pools. You can vote only once at one 14-day Epoch.

#flatqube #qube #dao #vote #post

TVM yields 📊

▶️EVERSCALE Farming (TOP-3)
➕WEVER/USDT: up tо 13.46% APR
➕QUBE/WEVER: up tо 95.80% APR
➕WBTC/BRIDGE: up tо 117.89% APR

▶️EVERSCALE Staking
➕Default: up tо 7.4% APY
➕Boosted: up to 21% APR

▶️TON Staking
➕Default: up to 5.08% APY

▶️GOSH Staking
➕Default: up to 24% APR

📚 Useful Guides:
➕ Everscale Staking
➕ Everscale Farming

#farming #yield #staking #post

OneArt — another project in Venom Testnet 🐍

OneArt is the first self-custodial wallet that supports EVM-based blockchains and Venom in one app, available for both Android and iOS.

🔷The wallet has the usual features: buying and selling assets through the app interface, sending and receiving tokens, trading tokens on an exchange, trading and storing NFTs, using Web3-dApps.

🔷The project has a native token 1ART, which can be staked, farmed, sent to liquidity pools or traded through DEX swaps.

✉️ Blockchains supported include Ethereum, Binance Smart Chain, Fantom, Polygon, and now Venom.

The Venom website already has new tasks to get tokens and NFTs related to the added wallet. We told you about how to do the tasks earlier here.

#venom #oneart #news #post

Everscale products: Octus Bridge 🌉

Octus Bridge is a decentralized cross-chain bridge developed by the Broxus team and based on Everscale. The bridge connects multiple blockchains, and the Klaytn network was recently added.

The bridge features:
• Decentralized
• Supports multiple networks
• Fast
• Scalable

Using Octus Bridge is advantageous due to the low fees on Everscale.

Don't know how to use the bridge? Check out our guide 🔗

#bridge #info #post

Weekly Digest of TVM events 🎙

▶️EVERSCALE News
➕Article about the history and prospects of Everscale
➕New article in the Deep Tech section about data privacy
➕Voting for adding Everscale to the 3xpl ecosystem
➕Interview with the Qamon developers on HackerNoon
➕Changes on FlatQube for 2 years

▶️ VENOM News
➕OneArt — a new project in the testnet

▶️ TON News
➕tApps Center — a unified directory of bots and web apps
➕TON Believers Fund to lock Toncoin for 5 years

#digest #post

Venom crosschain token exchange 🔃

Like the ecosystem of any major blockchain, Venom has its own bridge called Venom Bridge.

It is a simple and practical tool for handling cross-network transactions. Currently, the bridge supports the following networks:

🔷Fantom Opera (FTM)
🔷Venom Testnet (TVENOM)
🔷Binance Smart Chain (ETH, BNB, TUSDT)

In addition, YOSHI is supported — the native token of YoshiExchange, the exchange and the payment system.

➡️ The bridge interface allows you to connect two wallets in different networks, then initiate a new transfer or view the history of transfers made.

💬 Recall, that all Venom products are currently deployed in a test network for testing purposes. The Venom blockchain does not have a mainnet yet, and the VENOM token is not for sale.

#venom #bridge #post

Broxus' August CBDC digest review 🗒

➖ CBDC Market

🔵China's e-CNY digital currency integrates with NFC devices to improve accessibility

🔵The Bank of Korea (BOK) is exploring CBDC concepts, including smart contracts and cross-border payments, by conducting pilot tests in selected regions

🔵The Center for Economic Policy Research (CEPR) suggested that an aggressive strategy is needed to drive the digital euro transition

🔵The Bank of Brazil and the Bank of Russia have created logos for their digital currencies, and the Central Bank of Russia has already started a pilot test that will involve 13 banks

➖ Stablecoins

🔵PayPal and Paxos launch new PYUSD stablelcoin

🔵USDT remains the dominant currency in the stablelcoin market

🔵Ripple unveiled PSC, a USD-backed stablelcoin that will serve as the CBDC for Palau

🔵Reserve Bank of India and UAE Central Bank agree to cooperate on cross-border transactions using their currencies

➖ Regulation

🔵Singapore has introduced rules for stablecoins, focusing on reserve asset requirements, capital maintenance and transparency of information

🔵The US Federal Reserve launched a supervisory program for banks dealing with cryptocurrencies and cooperating with non-banks, which could affect the role of banks in the crypto industry

🔗 Read more in the original

#ever #cbdc #digest #post

New product on the Venom testnet 🐍

Venom invites to test the new product — Valicit Marketplace.

Valicit Marketplace is a one stop shop for both original vendors and resellers where users and event organizers can verify the ownership of tickets at any time using blockchain.

Valicit helps to complete control over the secondary market ensures that only authorized people have access to the event.

Tokenized tickets can be safely resold, providing new revenue streams to stakeholders.

🔗 Join Venom testnet now and try to buy a ticket to the first event

#venom #testnet #valicit #tickets #post

New TON-based NFT-marketplace 💱

Another NFT marketplace, NFT ONE, has become available on The Open Network blockchain. It is a digital trading platform with social features for crypto collectibles and NFTs.

Available actions:
🟢Buy/Sell NFT
🟢NFT creation
🟢NFT collection creation

📊 Thanks to the integration with TON, token creators have the possibility to issue and place their NFTs in the decentralized TON Storage.

👥 Another feature of the platform is its social component — by connecting a wallet, users can post reactions, share thoughts and discuss collections with other participants in comments.

Further plans for the development of the platform include:

🔷Flexible fees
🔷Subscription to authors
🔷Support for video and audio files

In addition to connecting via Tonhub, the service is supported by Tonkeeper Wallet starting today. The Marketplace is available on the front page of the wallet's built-in browser.

#ton #nftone #news #post