Making crypto - actually - useful

Pavel Durov’s and Paolo Ardoino's talk at TOKEN2049 in Dubai will be livestreamed on The Open Network YouTube channel this Friday, April 19th at 3:20 PM GST.

Get ready for crypto’s first real-world, really valuable use case. Available to all 900 million monthly active Telegram users.

Set your reminders now!

​Introducing The Open League DeFi Grant Program

TL;DR:
▪️ TON Foundation has launched a new DeFi Grant Program, aiming to put crypto in every pocket.
▪️ Offering up to $300K per project in user incentives and up to $200K per team in grants to further enhance the DeFi ecosystem on TON.

Since the inception of The Open League, the TON DeFi ecosystem has seen explosive growth!

As of April 1st:

▪️ TON DeFi TVL: $165M+ (up 593%)
▪️ Unique token holders: 1.15M+ (up 405%)
▪️ Daily Trading Volume: $47M+ (up 1,741%)

The Open League for DeFi builders

TON Foundation is committed to enhancing the DeFi landscape by supporting dynamic and innovative projects, including:

▪️ DEXs with weighted pool
▪️ Lending protocols
▪️ Yield aggregators
▪️ Derivative DEXs
▪️ Liquidity layers
▪️ Restaking
▪️ And much more

If you've ever considered building on TON, there’s no better time than now. Join The Open Network and leverage these fantastic growth opportunities!

For more details, check out this blog post.

Are you ready for crypto’s first real-world, really valuable use case?

Only 1 hour left until Pavel Durov's presentation.

Set your reminders for the livestream now!

​USDt launches on TON to offer Telegram’s 900M users access to cross-border payments

TL;DR:
▪️ Tether’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.
▪️ TON Foundation offers 11M Toncoin in incentives, aiming to put crypto in every pocket.

Pavel Durov, CEO & Founder of Telegram, Paolo Ardoino, CEO of Tether, and Andrew Rogozov, CEO of TOP & 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 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, MEXC, and KuCoin 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.

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.

​11M Toncoin rewards for USDt users starting soon

TL;DR:
▪️ TON Foundation has allocated 11M Toncoin to incentivize the adoption of USDt on TON.
▪️ Users can earn rewards through liquidity pools on TON's decentralized exchanges, inside Wallet in Telegram, and benefit from free withdrawals to TON from major centralized exchanges.

All you need to start claiming your share of the 11M Toncoin is a Telegram account.

How often does the world's largest stablecoin join one of the most popular messengers on the world’s fastest and most scalable blockchain?

Even in exceptional times, we stick to our mission: put crypto in every pocket.

5M Toncoin for USDt/TON Liquidity Pool (LP) boosts

5M Toncoin will boost rewards in USDt/TON liquidity pools across TON DEXes STON.fi and DeDust. As the TVL in these pools grows, additional rewards will be added. You can already experience the benefits of boosted pools in the @Open_League_Bot.

5M Toncoin for Wallet Earn

Discover the new Earn product for USDt in Wallet. Starting from the next week, deposit up to 3,000 USDt and start earning a 50% APY on your balance.

1M Toncoin for free withdrawals to TON on major exchanges

Withdrawals to TON from all supporting exchanges such as OKX, Bybit, MEXC, and KuCoin will be entirely free for all users until the end of June 2024. Simply select USDt-TON on the USDt withdrawal screen to enjoy free withdrawals to TON.

The launch of USDt on TON represents a step towards integrating digital currencies into everyday life, providing 900M people with a seamless and integrated financial service within TON’s Web3 ecosystem in Telegram.

To learn more about the launch of USDt on TON, read this post.

​USDt-TON on OKX: Get a share of 20,000 TON

TL;DR:
▪️ OKX has teamed up with TON Foundation to launch the USDt-TON Learn and Earn campaign.
▪️ OKX users can earn a share of the 20,000 Toncoin prize pool while learning about USDt on TON.

Tether’s USDt is now available on TON and users can already seamlessly deposit, withdraw, and utilize USDt on TON across multiple exchanges and wallets.

OKX, one of the first exchanges to list Toncoin (TON) and one of the world's leading cryptocurrency exchanges, has enabled USDt-TON deposits and withdrawals. Also, users can withdraw USDt-TON with zero fees for a limited time.

Learn and Earn

To celebrate the launch, OKX has teamed up with TON Foundation to introduce the USDt-TON Learn and Earn campaign with a prize pool of 20,000 Toncoin. Follow these simple steps to join:

▪️ Enroll here.
▪️ Complete the quiz.
▪️ Share with friends.
▪️ Receive rewards directly in your OKX account.

This campaign is open to new and existing eligible OKX users globally. Rewards are distributed on a first-come, first-served basis.

Terms and conditions apply. For more details, visit this page.

Learn and Earn!

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.

Instant, Free, and Easy USDt payments with Wallet in Telegram

TL;DR:
▪️ Wallet has rolled out new features, including zero-fee USDt transfers and withdrawals, enhanced security with a Passcode, and seamless transfers of tokens and NFTs directly within Telegram.

Instant USDt transfers

USDt has launched on TON, offering Telegram’s 900M users access to cross-border payments. The integration of USDt into Wallet allows all Wallet users to send USDt instantly and without any fees within Telegram.

Zero fees on USDt withdrawals

In celebration of the launch of USDt on TON, all USDt withdrawals from Wallet to external TON wallets are free until the end of June 2024.

Passcode in Wallet

Soon, all Wallet users will be able to enhance the security of their assets by setting a Passcode, which will be required to approve transactions. It will be securely encrypted and stored locally on the user's device. Passcode will also support Face ID and Touch ID.

Seamless token and NFT transfers in Telegram

Wallet users can now send tokens and NFTs directly to their Telegram contacts from TON Space. This feature makes transactions as easy as sending a text message. All you need to do is send a DM to your contact, no need for a blockchain address, and no need to download a new app.

For more details, check out this post.

$30M in TON/USDt LP Boosts starts now

TL;DR:
▪️5 million Toncoin (~$30M) will be spent boosting TON/USDt Liquidity Pools (LPs) on TON’s DEXes STON.fi and DeDust.io
▪️Rewards start right now; you can go to STON.fi or DeDust.io pools, and deposit TON and USDt to start earning your share.

Liquidity Pool Boosts are a part of the incentives program announced by TON Foundation, to supercharge the adoption of USDt on TON.

TON/USDt LP Boosts will aim to deliver a consistent APY of 50-60% for 3 months.

How to get started:

1. Pick your DEX
2. Go to Pools section
3. Find TON/USDt Pool
4. Deposit liquidity to TON/USDt

Go to Liquidity Pools on STON.fi
Go to Liquidity Pools on DeDust.io

How to start using USDt on TON

TL;DR:
▪️ USDt has launched on TON, simplifying global peer-to-peer payments for Telegram’s 900M monthly active users.
▪️ Users can easily buy USDt-TON directly through Wallet in Telegram.

Here’s a step-by-step guide on how to buy USDt with Wallet in Telegram:

▪️ Open Telegram and go to Wallet. If it’s your first time, follow the on-screen instructions to set up your wallet.
▪️ Select 'Add crypto' and choose a payment method — either a bank card or the P2P market.
▪️ Choose USDt-TON and specify the purchase amount in USDt or its equivalent in your local currency.
▪️ Confirm the purchase details to instantly add USDt-TON to your Wallet.

That’s it — easy! Now you can make instant, free, and easy payments with Wallet in Telegram. For more details, check out this blog post.

Benefit from the $30M in TON/USDt LP Boosts

Visit STON.fi or DeDust, deposit TON and USDt, and start earning your share.

​TON reducing network fees

TL;DR: TON network fees have been reduced by 2.5x across the board in response to Toncoin’s recent growth.

We are excited to announce a series of updates aimed at reducing network fees, enhancing the scalability and accessibility of TON Blockchain. These updates are a testament to TON’s continuous efforts to innovate, encourage greater activity within the TON Ecosystem, and put crypto to every pocket.

Key updates:

USDt Jetton discount

Starting April 16th, there is a special discount for Jetton-with-governance transactions like USDt. Fees were reduced to 0.02 TON from 0.032 TON for the first transaction, and subsequent transactions are now only 0.0145 TON.

Global fee reduction

Validators have approved the TON Core Dev team's proposal for a further 2.5x reduction in transaction fees. The cost for the first Jetton-with-governance transaction is now ∼$0.06, with subsequent transactions at ∼$0.04, assuming 1 Toncoin = $7. Please note that these costs will fluctuate with Toncoin’s value.

Introduction of precompiled smart contracts

Precompiled contracts have been introduced to the TON network, and the first precompiled contract — a jetton with governance functionality — has been activated. This means that the most popular smart contracts, written in C++, will be embedded directly in the node, bypassing the need for TVM execution. This adjustment reduces resource consumption and, consequently, the fees associated with these contracts.

These updates are aimed at making TON, the world's most scalable blockchain, stand out as the most affordable option for projects seeking mass adoption.

Stay tuned for more important updates to come!

​$120,000 Airdrop

TL;DR: We just airdropped 20,630 Toncoin (TON) to $JVT holders and $ANON traders.

The active communities behind $ANON and $JVT, two dynamic projects participating in The Open League, are today’s recipients of the airdrop. Congratulations on your well-deserved rewards!

At the time of the snapshot on April 22, 2024, at 12:00 UTC, $ANON and $JVT had the highest active holders score in their respective leaderboards, within the Meme Coin and Minor League categories.

Details:

▪️ For $JVT Holders: A total of 1,043 active holders, defined as those who staked jettons or created a staking pool on JVault since March 4th, received 10 TON each.
▪️ For $ANON Traders: The top 1,020 traders, recognized for performing the highest number of ANON/TON swaps on DEXes since March 4, also received 10 TON each.

Are you a project wanting to get airdrops for your users?

Join The Open League Hackathon and get fast track into the Minor League Token leaderboard. Registration closes on April 30, 2024. More details here.

Who’s getting the next airdrop?

Stay tuned to this channel. Hint: 🖼

​$600K airdrop to NFT traders and holders

TL;DR:
▪️ We are airdropping 105,600 Toncoin (TON) to the most active NFT traders and holders on Getgems, xRare, and TON Diamonds.
▪️ Check out the new airdrop calendar page for hints about future airdrops.

Eligibility criteria & snapshot

The airdrop snapshot was taken on April 23rd at 8:00 AM CEST. Active traders and holders on Getgems, xRare, and TON Diamonds from April 11th (2 PM CEST) to April 23rd (8 AM CEST) were eligible, excluding NFT collection owners, non-wallet addresses, and sybil wallet addresses. All NFT collections on these marketplaces were whitelisted for the event.

Points system & rewards

Participants earned points based on their activity across various metrics, such as:

▪️ Number of NFT collections traded: Up to 3 points for more than 5 collections
▪️ Number of NFT deals performed: Up to 3 points for more than 12 deals
▪️ Total NFT trading volume: Up to 3 points for volumes over $699
▪️ And more.

Rewards were allocated based on the total score:

▪️ Scores 2-5: 40 TON
▪️ Scores 6-8: 50 TON
▪️ Scores 9-18: 70 TON

For more details on this airdrop, including metrics and the full points system, visit this page. Look forward to your reward today!

Airdrop calendar

You may want to bookmark and keep an eye on The Open League’s new airdrop calendar page. Hints for upcoming airdrops may appear there from time to time…

Are you ready for the next airdrop, traders?

Hint: 🎮🪙🖼

​USDt-TON with KuCoin

TL;DR:
▪️ KuCoin and TON Foundation teamed up to launch the "Community Incentives + Learn & Earn + Trading Competition" campaign.
▪️ Complete tasks, learn, and earn your share of the $200,000 prize pool.
▪️ KuCoin is offering a promotion where users can withdraw USDt-TON without paying any gas fees for a limited time.

Last week marked the official launch of USDt on TON, and KuCoin has rolled out a special promotion waiving all gas fees for USDt-TON withdrawals during the promotional period.

Also, TON Foundation in collaboration with KuCoin introduced the "Community Incentives + Learn & Earn + Trading Competition" event. This event boasts a total prize pool of up to $200,000!

The event is structured in two parts:

Part 1: Community Incentives + Learn & Earn

▪️ Engage with the Community bot to complete tasks, earn the exclusive TON x KuCoin co-branded SBT, and a chance to win a share of the $80,000 prize pool.
Rewards: If you complete all the tasks, you will receive $2 in Toncoin in your Wallet in Telegram and an additional $8 in Toncoin in your KuCoin account if you are a new user. This offer is available on a first-come, first-served basis.
▪️ Join KuCoin’s Learn & Earn, answer at least 60% of the questions correctly, and share from an additional $50,000 prize pool.
▪️ Deposit USDt-TON to qualify for extra rewards.
▪️ This event is active from April 25th to May 25th, 2024.

Part 2: Trading Competition

A Toncoin (TON) trading competition starting on May 15th. Stay tuned for more details!

Terms & Conditions apply.

Get your share of the $200,000!

​The Open League Digest

On April 1st, The Open League Season 1 kicked off. 30M Toncoin rewards will be distributed to you, TON Community.

Get active on-chain, complete quests, and provide liquidity via the @Open_League_Bot to earn your slice of the 30M Toncoin!

Highlights from the past two weeks:

▪️ 560K Toncoin were distributed to the winners of The Open League's Pilot Season.
▪️ ​$600K airdrop to NFT traders and holders.
▪️ $120K airdrop to $JVT holders and $ANON traders.
▪️ New airdrop calendar page with hints about future airdrops.
▪️ A new DeFi Grant Program was launched, offering up to $300K per project in user incentives and up to $200K per team in grants.
▪️ We introduced Memelandia, a cultural hub for meme coins and community tokens. Selected memes compete in The Open League for rewards and the title of the best meme coin on TON.

Are you a project wanting to get airdrops for your users?

Join The Open League Hackathon and get fast track into the Minor League Token leaderboard. Registration closes on April 30, 2024. More details here.

Projects announced a TON of additional incentives for you:

▪️ $4.5M from STON.fi.
▪️ Up to $500K from Tonstakers and TIGER.
▪️ $10K+ from TON Punks.
▪️ $25K+ from Getgems.
▪️ $330K+ from JVault, Meridian, and WEB3.
▪️ $20K+ from Tonano.
▪️ $1K from Hipo.
▪️ 1M+ $KINGY from KINGY.
▪️ $10K from COFE.
▪️ $300K from Storm and JVault.

Latest updates for The Open League only on this channel. Notifications on. More surprises are coming.

Hint: 🎮🪙🖼

​USDt-TON with Bybit

TL;DR:
▪️ Join Bybit’s new events to earn your share of a 120,000 USDt prize pool.

To celebrate the launch of USDt on TON, Bybit has joined forces with TON Foundation to introduce two exclusive events, boasting a total prize pool of 120,000 USDt!

Campaign duration: These events are already active and will continue until June 23, 2024, 11:59 PM UTC.

Event 1: Learn & Earn - TON Airdrop of 80,000 USDt

Join and earn your share of the 80,000 USDt prize pool by following these four simple steps:

▪️ Register for the Learn & Earn event.
▪️ Read this article.
▪️ Take the quiz.
▪️ Trade at least $100 in Toncoin (TON) during the event period.

Eligible participants will equally share the prize pool, with a maximum reward of 3 TON per user.

Event 2: Refer & Earn - Invite New Users, Unlock 40,000 USDt in TON Rewards

Invite new users to sign up to Bybit and participate in the first event. For each qualified referral, both you and your referee will receive 0.3 TON each.

Terms & Conditions apply.

Earn your share of the 120,000 USDt!

​The Open League Hackathon

TL;DR:
▪️ We’re extending the deadline to apply for The Open League Hackathon til June 15th.
▪️ TOL Hackathon is the fastest way for any project to join The Open League.

The deadline for The Open League Hackathon has been extended. This gives more teams the chance to join and refine their projects. With over 220 projects already registered, the aim is to further increase participation and encourage innovation. Contestants will build new Web3 Onboarding & GameFi, Web3 Social, DeFi, and eCommerce use cases on TON and Telegram.

New dates:

▪️ Registration deadline: June 15, 2024
▪️ Hackathon end date: July 15, 2024

Why apply?

▪️ $2 million prize pool.
▪️ Fast track to The Open League program with a 50,000 Toncoin boost for your token's liquidity pool.
▪️ Top projects may secure funding from a $500,000 pool provided by TON Ventures.
▪️ A chance to meet with TON Foundation members and VC/investors on TON in Dubai during Gateway.

Mass adoption only happens on TON. Build it. Register now!

Get 50% APY with Wallet Earn

Wallet has joined forces with TON Foundation to introduce Wallet Earn, featuring 5M Toncoin in rewards. Now, you can easily earn rewards directly within Wallet in Telegram — no need to download a new app.

Enjoy a 50% APY for the first 2 weeks followed by 25% APY for the next 2 weeks.

How to participate?

Simply deposit up to 3,000 USDt into your bonus account in Wallet. You can add funds at any time during the deposit period and receive daily rewards, which you can withdraw daily or at the end of the campaign.

Enhanced security for Wallet

All Wallet users can now further secure their assets by setting a Passcode, which is required to approve transactions. It adds an additional layer of protection in case your Telegram account is at risk.

Terms & Conditions apply. For more details and FAQs, read this post.

Try Wallet Earn now and get 50% APY!

The Open League Season 2 Starts Today

Open League S1 has contributed to ATHs across every metric in April. With a massive $9million distributed to all 894K TON users who participated in Season 1!

MAUs = 1.5 million (up 7%)
TVL = $159.52 million (up 59%)
DEX traders = 185K (up 21%)

Congrats to Season 1 Winners:
KINGY wins top prize in the Token battle winning $375K, followed by PUNK and STON, both winning $250K and $125K respectively.

Full Season 1 results of all leaderboards will be available on the TON blog soon.

Introducing Season 2’s Major League Lineup:
KINGY, PUNK, STON, DFC, RAFF, FNZ, JETTON, GRAM and welcoming JVT, ANON, WEB3, REDO, BTC25. All Major League contestants will get up to a 25K Toncoin LP boost to the DEX they choose for the 2 week season.

As always, you can find and access boosted pools via @open_league_bot.

Season 2 changes:
▪️ To speed up reward distribution Season 2 will last for 2 weeks instead of 1 month.
▪️ To simplify the competition there will only be 3 leaderboards; Apps, Token Major and Minor Leagues.
▪️ 5 Projects have been promoted to the majors in S2, and 5 relegated to the minors.
▪️ New leaderboards are reset and live at The Open League website.

Latest updates for The Open League only on this channel. Notifications on. More surprises are coming.

Hint: 🎮🪙🖼