-
kingyTON NFT - is a unique animation collection. Platform: ton.org.in Help: @tonorgin_bot Offers: @kingyru
After IDO, the TON UP lunchpad is immediately hosting a new project called TonTogether. This is a protocol for a win-win lottery on the TON blockchain, analogous to pooltogether. Of course, many people were expecting a breakthrough and useful for the ecosystem project, not a lottery, but that's what it is.
How does TonTogether work?
- you deposit TON.
- you place your bets and get a chance to win top prizes from the reward pool.
- you can withdraw your initial deposit at any time without any losses, ensuring that the principal amount of your investment remains intact.
- you receive additional $TOT tokens, which increase your profit potential in the TonTogether ecosystem.
We can't poke around and tell you in detail how it works yet, and the project startup of course starts with IDO. The initial $TOT offer is 2%.
Total offer: 10,000,000,000,000,000:
9.8B (98%) are for those who will bid.
100M (1%) are earmarked for liquidity.
100M (1%) is given to TonUP which they will distribute to IDOs.
The pros of all this is decentralization. Since it's a smart contract, transparency is assured. Full details can be read on the TonTogether website and the IDO launch page https://go.tonup.io/Jp6Die.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
Altcoin season. Start 2024.
Going on January 3. The new year started cheerfully. The charts of all coins were green, people quietly opened their longs and rejoiced at the invisible profit. Tokens on TON were not lagging behind either, showing rapid growth. A lot of new tokens appeared, trying to get on the hype train and grab their piece of fame and cash.
But, the market likes to give surprises. Some tokens went down on the first day of the new year, some on the second... Then comes the news that Bitcoin ETFs will not be approved in January and the market reacts again by shedding 10-20%, and TON on some exchanges fell to $1.1.
The market is not predictable and only the patient will capitalize on it.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
I never cease to be delighted with the success of the TON Raffles team. It's like an indicator that if you work long and hard, everything will be fine.
After the fairlunch, where they collected $400K, the guys did not stop and made an activity with DeDust.io, in which every day they give out 700 SCALE (>$700) to those who participated in the liquidity supply of RAFF/jUSDT pair. Notably, you don't have to send an LP token to a smart contract to participate in the farming activity, as is done in the STON farming activity.
Thanks to the activity, the price of the $RAFF token has already skyrocketed 2-fold and continues to grow, with TVL approaching a million dollars!
I tried to find out what the next step will be and I'll tell you - no one gave details, everything is secret 😃 But let's reason logically. In the announcement it was said "remember this icon - you will see it many more times", so we are waiting for some similar liquidity delivery program for other tokens, but how is RAFF connected here?
No answer, but the momentum will definitely continue. Was glad to meet the TON Raffles team live this year when I was in Georgia 🤝 Handsome guys!
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
Have you seen the TON chart? JETTON? WHAT ABOUT SCALE? WHAT ABOUT DFC? For some reason, everyone decided to hit $1 before New Year's and they all succeeded (well, except for TON, I hope 😁).
Moreover, if you look at the charts of all these tokens, the JETTON token stands out with its direct organic growth. Whereas the others pamp and all, this one has been showing growth every hour a little bit every hour for a week now and has already grown by 173%. I've seen ads in several major cryptocurrency channels, not even TON-themed, writing about the imminent listing on MEXC, but the chart is suspiciously flat. Take a look at CoinMarketCap.
I would still understand that its growth is due to the fact that the MEXC exchange would be given in tokens for listing. I mean, you raise the rate - you give away less tokens, and then you can drop. But as they said at the last AMA session, no tokens were given to the exchange.
Another reason I see is that growth is being slowed down on purpose. Like the early miners are doing in TON. That is, when there can be a rocket, the team pours their tokens into the market, getting TON. When the rocket slows down - the team buys back tokens for the TON received, thus only going up.
It will be extremely interesting to see what happens when listed on MEXC. But as I wrote earlier, almost all of them hiccup in the first hour.
If you are not on MEXC yet, you can register at the link: https://promote.mexc.com/a/JetTon.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🍉 How TON is developing
Lately, I've been coming to the conclusion that TON is really becoming a mass-adventure. But this mass-adventure is not what you and I are expecting.
Projects that bring it closer, like DNK, @tonarbuz, @de_findercapital have been the most effective in my opinion. Ad buys, engagement with iks and the iks themselves do a good job of marketing to attract new audiences a TON. And they do a better job at it than TON Community with their "we'll attract 5 million users in a year" slogans. Will you say that this is not the audience TON needs? I'll argue.
Yes, there are 50% of schoolchildren who put in 100 rubles, made ten X's and went to the canteen. But they came to TON, figured it out, and became participants in the ecosystem. After all, they go to the canteen for fiat, and to withdraw it, they need to figure it out. And they will also tell their friends that TON is a top crypto. The second half - ordinary people who are just learning crypto, but already more or less adapted in the concepts of DEX, liquidity, stack and scam. 🦝
If you still doubt that I'm right, take a look at what the TON Foundation and The Open Platform (TOP) - @notcoin - is promoting right now. His PR is extremely starting to piss me off already. I'm usually a calm person, but when a game is coming out of every crevice where you just have to click and pretend to be the best meme coin of all time, it's impossible to tolerate. What kind of audience is going to come to this? The same audience as the same watermelons.
In 2024, it looks like we'll have all the young CIS generation. And even though TON is moving away from the CIS and wants to become international, the CIS is still the main direction of mass-adoption.
And since people have xed out almost all the major tokens in the ecosystem this year (my list is like this), it means they have time to get out of scam projects and pour everything into the right direction.
So the development of TON is going on and even if not in the way we wanted, but it is going on. And while the developers are struggling with setting up nodes, fixing bugs in the blockchain core and optimizing indexers, schoolchildren enjoy all the benefits of blockchain and don't worry about it.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
Based on transactions from the 25K+ chat, it became clear that it's possible to minecraft GRAM-20 now:
/channel/gram20bot/app
However, the Russian-speaking community says that it is very expensive. But almost 1% is already gone.
Let's see... Maybe it's not expensive for China. And no one knows what the price will be later...
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🏋 GRAM-20, today.
After the problems with blockchain, everyone thought tonano was doing bullshit. Why do we need your inscriptions when we have normal tokens! But, chasing the hype and audience proved to be more important and everyone from the community to the TON Foundation changed their shoes.
Now the projects at TON, have started to explore BRC-20 and building services to interact with inscriptions.
- The dton.io team has been sending themselves transactions day and night, because without indexers this idea will go nowhere.
- DeDust.io team on Twitter writes that they bought a domain for the new marketplace.
- The first marketplace shard.zone appeared, which allows you to trade inscriptions on your own smart contracts and an indexer from dton.io. Then came tonano.io/marketplace built entirely on dton.io (smart contracts and indexer). Trading volume is approaching $200K.
- TON Foundation president Steve Yun on Twitter explains why this technology will go far.
But as I said earlier, a second strong player and tonano competitor, GRAM-20, has to come into play. Their war on Twitter and in the information field can be seen now.
- tonano gained Twitter followers on all Gram-20 accounts and complained to support to get banned (and they were banned, all of them).
- tonano released the gram inscription and started to shill it everywhere they could, and also made an eirdrop on Twitter and Telegram to throw information about the new inscription out of the information field. Although it was done by the Russian-speaking community - qpwe, veqlo and sd, but the fact remains.
But, now that there is more information and the community has investigated who and what is behind GRAM-20, I am even more sure that the competitors are serious and the battle will continue. And here's why:
- TON Foundation president Steve Yun announced on Twitter that a new project is coming today that will be entirely in Telegram.
- a major Chinese community announced an AMA with OKX Ventures, TON Foundation and GRAM-20.
- GRAM-20 team has a strong influence on opinion leaders from Asia, which can play a big role in the promotion.
- The GRAM-20 protocol is built on smart contracts, which will eliminate spam on the TON blockchain and allow for easy chain tracking for each inscription. You can read more about it here.
The TON ecosystem and the TON Foundation realize that they need to attract new potential audience and try to keep them here, so they are welcoming new players in every way possible, giving them a good place to start.
Will we see a lagging blockchain and @wallet today or will everything go smoothly and TON become the number 1 blockchain in Asia? I got the popcorn.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
👏 MyTonWallet. Review.
Perhaps the most mass-adopted wallet because of its simplicity, cross-platform, convenience and of course multi-accounts.
In the TON blockchain almost everyone has more than one wallet and it is very annoying to rewrite the seed phrase every time to log in from another wallet. There are only a couple of solutions for multi-accounts: Lumos (which is still under active development) and MyTonWallet.
For the first time I installed MyTonWallet in Google Chrome as an extension, in order to do basic operations from one wallet (trading on DEX, Getgems), and from another to register in all kinds of eirdrop and activities. And switching between wallets became just instantaneous for me. It saved a lot of time and was very convenient.
Then tokens appeared on CoinMarketCap and the wallet started pulling prices from there, and then started pulling prices from DEX to see the full picture of my wallet.
Now they also have a mobile application and the list where the wallet can be installed is as follows: browser extensions, Windows/macOS/Linux desktop apps, web app, iOS/Android apps. Even the president of TON Foundation Steve Yun mentioned MyTonWallet on his Twitter that it is convenient to interact with Ledger through it.
All the source code is open source and on GitHub and the team is very open and doesn't hide anything.
Recommended for use.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🙋♂️ IDO TonUP
While the TON information field is flooded with information about the new BRC-20 protocol, other major projects and players from different countries are getting into the game.
TonUP is a lunchpad that appeared in TON back in the middle of the year and immediately started to stand out. A bunch of media posts appeared (Foresight News, Beosin, Cointime, BlockTempo and Blockbeats, etc.) and the start of fundraising.
There were no problems with investment, Foresight X, Waterdrip Capital, BitFund DAO and several angel investors backed them immediately. Also financially supported TON Foundation and TONCoin.Fund for their contribution to the development of the TON blockchain, and after TonUP was one of the sponsors of the TON The Gateway conference.
The plan is to have high-potential TON ecosystem projects on the platform and the first of these turned out to be a TAP Fantasy game directly in Telegram, which I've written about before. The $MC token investment round ended in just 32 minutes and successfully raised 80,000 TON. Now the price of the token is trading at 2 times higher.
Now they want to do an IDO on their $UP token, which will be the core to launch TonUP DAO. Their goal, to build a community of active users from Russia, Turkey, Taiwan, Spain and Korea.
IDO will launch on December 20 with a total offer of 1,000,000 $UP tokens. There are only 150 spots on the whitelist and from what I understand they have already been handed out to activity and influencers. The starting price of $UP is set at $0.05 $TON.
Here's more detail on that right here:
https://community.tonup.io/t/all-you-need-to-know-about-up-ido-lup-2023-12-16/289/13
Looking at the success of $MC, I want to believe that $UP will more than beat it and the platform will continue to grow and contribute significantly to the development of the TON blockchain. Will I participate? Absolutely.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
👂AMA JetTon
Another AMA was held today with JetTon funder.
Briefly, what happened in the AMA session:
- Summarized the results of the past month, and revealed goals and plans for the next month.
- Discussed the current status of listing on the MEXC exchange (we are already in the stage of signing the contract).
- Extended the LP-farm program with STON.fi for a year.
- Intermediate results of the Ambassador program.
- NFT-market in December.
- Discussed the significant growth of users on the @JetTon platform and plans to enter new regional markets.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🧑💻BRC-20 on TON. Again?
A lot of people have asked me to look into what BRC-20 is and it seems that no one really knows what it is. I have read all the documentation that is available on the web and I can say that it is an experiment of putting a chain of transactions into a blockchain and nothing more.
Because bitcoin doesn't have smart contracts, people are getting creative and coming up with new ways to put data on the blockchain. First they came up with Bitcoin Ordinals to do NFT in bitcoin, and then they started thinking about how to do altcoins in bitcoin. That's how the BRC-20 came about. The original BRC-20 tokens are already over 200 pieces and the Market Cap is $1,661,694,029,658 🫣
The hype on them was very strong and developers started dragging this protocol to other blockchains, including TON. You can read how it ended in previous posts, in short, the influx of Chinese paralyzed the blockchain for a few days.
Now the blockchain is back to normal and working normally, and the price and interest for BRC-20 tokens on the TON network is starting to increase strongly. I've heard rumors that the first wave was a test wave to try and a really strong player from China, who has been running BRC-20 on Bitcoin and Doge, is coming soon. The team is made up of former Binance employees with lots of connections and resources.
This time they don't want to stupidly send transactions to a zero address, but to make smart smart contracts for minting tokens via BRC-20 protocol for each wallet on TON. There is very little information yet, but they already have a hype name Gram-20 and Twitter Gram20_.
An influx of new audience is always a good thing, but is the blockchain ready to be seriously challenged once again!
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
I want to remind you that MEXC deposits will open soon and I know many of you will be taking your $DFC there to sell x2 of the price on DeDust.io, so here goes
https://promote.mexc.com/a/DFC
Refka especially for you. Sign up and get bonuses 🦝 After registration you can sign up for notification about opening deposits, so don't oversleep )).
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🦝 TON blockchain is alive. The story of recovery.
I don't pretend to be truthful and have been gathering bits of information from different sources all these days, but I still want to tell it the way it was, without embellishment.
The fact that all this happened after the whole internet reported that TON is the fastest blockchain in the world and it has badly damaged the reputation, and I think the status can be taken away (or not?). 100K TPS turned into 1 TPS and 2.5 million transactions in 3 days just stopped the blockchain from working.
Everyone knows the reason - Chinese who were mining ton-20 and sending millions of transactions to one address. And it turned out that this is exactly what the TON code does not provide for, for the scalability of the network.
In order to restrict the Chinese from the blockchain, the development teams that make products on TON, together with the TON Foundation, decide to knock out all wallets and stop new transactions in the blockchain. From that point on, the entire decentralization of TON turned into quite a centralized shutdown.
However, skillful people like Perkar, who is 14 years old for a minute, wrote the code to mine ton-20 and transactions went back on. The Chinese were mining non-stop, and the TON Foundation decided to remove the config from ton.org so that the code would stop working, and not many people made a backup of the config. But as it turned out, Peskar is one step ahead again and he has a copy, which he published in the channel. His code has already spread around the net and TON Foundation started looking for this boy, who only aggravates the situation and eventually he was given a nice sum of USDT and deleted both the repository and the posts on the channel. One problem solved, the Chinese remained, who continued to attack the zero address.
TON Foundation suggested to everyone they know to knock out all nodes (servers) so that there was no one to receive transactions. After a couple hours, they knocked out 80%, but there were still some nodes whose owners they didn't know. TON Foundation decides to DDOS these servers so that new transactions will not be accepted.
The Chinese started writing requests, all via private messages, for help running nodes or sales, if any. You want to send a transaction, bring up your node and keep doing it. The TON documentation has instructions on how to raise them.
In all channels and chats, TON Foundation just keeps silent, no news is published and it is not clear when something will work. Two days later, when the whole community was already on edge, TON Foundation releases a report that it is not an architectural error, but validators that work on weak hardware. They encouraged anyone who knows the validators to call them and let them know they need to do an upgrade. Admittedly, if it was just the validators that were the problem, it's unlikely that so many changes would have been made to the code in two days.
To stop the Chinese, the TON Foundation gives two large grants to the ton-20 team for their contribution to blockchain development and they in turn stop sending millions of transactions.
Gradually, the weak validators started to fall off, and those that remained started to update. Peskar is happy with the money received and incoming job offers, and the Chinese with two grants. So, after another 24 hours, when all updated, transactions began to gradually pass and in just 22 hours all 2.5 million passed.
Transactions came back to normal, everyone is happy that the blockchain is alive and then comes the news that TON Foundation, 2 weeks ago, incorrectly removed the configuration key (master key), which could completely break the blockchain and would have to make a fork.
How much money TON Foundation had to give to the market to prevent everything, so they also want to recoup the losses for the Fragment auctions. Looking at everything that has happened this week, I'm starting to doubt that the mass-adoption will go smoothly.....
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🧐 When is TON going to work?
Now many people look at grafana from toncenter and see a bunch of incomprehensible graphs that show something, but do not answer the question, and when will everything work.
The re:doubt team has released a dashboard that also shows incomprehensible numbers and graphs for ordinary users, but it shows the work of the blockchain at the moment in a better way.
I don't claim to know what is really going on there and what TON Core developers are doing now, but I would like to share my opinion based on the graphs I have seen.
So, shards (which are 0:0x1, 0:0x6 and so on) is a technology that divides the blockchain into smaller and more manageable segments. Right now there are 4 of them in the blockchain (maybe more, maybe less). And they process user transactions in parallel, but they now have a queue of blocks that are genuflecting every 5-6 seconds. On the dashboard from re:doubt, you can see that the number of blocks on each of the shards is from 8 to 305.
Each block holds from 200 to 2,000 transactions, and each transaction holds a maximum of 254 (or 255) messages. If you take the average, that's 1,000 transactions. It is difficult to calculate how many messages are in transactions now, because almost all services built on top of the blockchain have disabled the basic functions of sending messages, but let's take a minimum of 4 messages in each transaction.
Now we can count the queue that is currently in the blockchain:
shard="0x1800000000000000" - 316200
shard="0x3000000000000000" - 291720
shard="0x6000000000000000" - 249900
shard="0x8000000000000000" - 7140
A total of 864,960 messages.
Now let's look at the speed (TPS) on the blockchain - it's now about 20 transactions per second. Why so slow, why not 100,000 as it was on the test in the world record? That question is answered in the TON Core developers' TON Core report, which says it's due to poor validator hardware. The servers that currently hold the TON blockchain are weak and everyone is suffering.
So, if they don't send anything new (which is impossible because everyone is doing something in the blockchain), the queue will clear in 43248 seconds = 721 minutes = 12 hours. And that's if there are no new transactions. And there are.
So it won't be for a while.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
⚡️ Lunch on the TON blockchain
Why do all wallets and transactions on the TON blockchain get shut down, and people write to me in private for comments and questions? Since TON is so centralized, it's time to hire a tech support team 😆 It's not my fault that TON went out to lunch, it's not because of me!
In fact, I wrote that it was because of indexers and tonapi, but it turned out that the problem was a bit different and many times more serious. If we hadn't turned off wallet transactions, the network might have shut down altogether... At the time of the shutdown, the network was 22% full of transactions, if they had delayed it, it could have been very bad.
And as we remember, only recently (Nov. 22) they removed the master key that could have been used to fix the blockchain, if anything.... Wanted decentralization? Get it 🤣
Wallets that work directly with blockchain were not supported, they were not developed, and they would work now and you wouldn't even feel the difference. And all because TOP monopolists are promoting Tonkeeper and @wallet (they never answered my questions). How do you like this decentralization where one company cuts off all TON withdrawals and transfers for all users?
But smart developers like Peskar’ are now actively helping users with real decentralization and writing scripts to continue the activities that the blockchain allows us to do. Without registration and sms, but tonapi developers are begging you not to.
UPD: The TON Foundation has asked Peskar’ to remove the repository. It has succumbed to the onslaught of the authorities.
I don't want to describe what really happened, because then I'll be poked in the nose again, that I didn't hold a candle and I don't know. I hope the developers Kirill and Anatoly will write about everything, because this is a precedent that paralyzed the work of everything that was built for 2 years. And this is another 800 million users have not even arrived...
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.xRocket.
TON's got it all fucked up again
The new year brought new problems. Yesterday, a new token on the gram-20 protocol was mined, which increased the number of transactions in the TON blockchain, which affected the work of indexers. TonAPI indexer, on which Getgems, Tonkeeper and many other projects work, had the most problems. This has never happened before, and here it is again.
I personally noticed it after a post about NFT kingyTON was published and purchases started, and Getgems did not display them. After an hour everything seemed to be fine.
In the evening of the same day, when Meta decided to pump ARBUZ and KINGY, DeDust.io was experiencing 100% load on API and did not display balances, which made it impossible to send transactions at all. Everyone blamed DeDust for the shitty work, but we all know who was to blame.
Today again Tonkeeper broke wallet sections (staking/activity/balance) and showed random transactions from testnet, and Tonviewer decided that DFC are FAKE tokens and decided not to display them in explorer at all.
First they got everyone hooked on the "best" service, then they introduced fees for requests, and now everyone is suffering from their quality of work. This monopoly is starting to piss me off.
And it's also pissing me off that now it's not a general problem like it was when TON was lying for 4 days, it's The Open Platform's problem. TON Foundation says "blockchain works - we don't know anything", and the fact that services on top of the blockchain don't work and users can't use it is not their problem.
Services don't work, users suffer, and they have Peskar who is a freak. Aren't you guys freaks? Is it normal that people spend hundreds of thousands of dollars to attract people to TON and in return get a service that doesn't work? But they charge for all commissions and live in Dubai (UAE). Fuck off, don't make me turn into Tears of Boltoshi, work normally!
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
In the New Year holidays, while all people's attention is focused on tokens, it's a good time to remind about NFT collection kingyTON, because it was invented exactly in the New Year holidays 2 years ago.
The collection is very small, only 304 items. NFTs are divided into two types "regular" and "legendary". Ordinary NFTs are characters from cartoons, movies, depiction of sports and so on. Legendary NFTs are some important event of the TON project. For example: the end of mining, the launch of Getgems, the appearance of Fragment, the launch of @wallet and many other significant events that happened to TON during these two years.
The NFT collection has a good history, a strong community and good x's for holders. Sales of the first NFTs in the collection started at 2 TON, and now the minimum is 90 TON. And while everyone is flip flopping on tokens, people are buying NFTs. Over 15 NFTs have been sold off the market in the past few days.
What do NFTs give you? The simplest thing is free entry to a private chat room. Or for example 50 watermelons at tonarbuz.fun festival. In general, NFTs are used in all the activities I do. I never forget about holders, because it is with them that we have built this community for 2 years and continue to develop it together.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
LAVE is as always, quietly quiet, and then bam and launch an ICO on their LAVESTARTER Launchpad.
The guys made a meme token BARON, which is bought with LAVE. There doesn't seem to be any cases of ICOs on the TON blockchain yet where token for token was purchased, not counting jUSDT.
They got the idea for the "BARON" meme token ("BARO") during the rise of the PEPE meme token. They plan to develop this character and make an animated movie with the character.
Issuance: 50 billion.
Token address:
EQBiHSLVzoicc-LQPDXJc_rF-WRft0aFihccFduA6fQ1ynYM
The listing on DEX will take place immediately after the ICO, which will go through a smartcontract, and the price per 10 BARO will be 1 LAVE.
ICO site: Lavestarter.org
Token site: Barotoken.org
Channel: @barotoken
Meme tokens are great for getting people involved in the world of cryptocurrency and the TON ecosystem, as we have already seen with BOLT and ARBUZ tokens. Well, let's get our piled up lavekha and go after the baron 🦍
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
Even though I am banned in sd chat for linking to gram-20, I listened to the AMA session with Anton Tsivarev in the recording. We have a different audience, so many people may not understand what AMA is, I'll tell you briefly.
The story started with this post that there is another team in the TON blockchain that will be working on the new GRAM-20 protocol. After that, everyone started researching and investigating the background of this team and another post came out. This one immediately spelled out to me all the connections to the sale of TON Foundation and so on and I got a lot of negative opinions in my direction. It wasn't just me that got the heath, but Mark, Steve and Anton from TON Foundation as well.
The heath is justified by the fact that everywhere they said that mining gram on the protocol gram-20 will be free, and it turned out that mines cost money and a lot of money. In total, it will cost 840K TON (almost $2M) to mine 210 billion gram. And the claim that TON Foundation employees covered the gram-20 event in their Twitter accounts.
My opinion on this incident is as follows.
First. Twitter.
I am very glad that Steve Yun remembered the password to his Twitter account and started to write something. And even responding, which is important. As I said in the private channel, he wants to do Twitter like a normal person and can mention whoever he wants and however he wants.
Let me give you an example of myself. I also write about many projects on the channel and I don't know if they will be scams in the end or not, but this is my personal opinion. And if I like the project, I will support it. If the project bought advertising on the channel or an honest review, I will also talk about it. That is, I can't exactly vouch for it, it's their business. And the concept of scam is relative here. Users should research projects on their own.
Similarly with Mark, Inal, Anton, Howard, and other active people on Twitter. The fact that they're mentioning someone is a joy. Yes, I'm sad that they started with TON-20 and GRAM-20 and not @xRocket, DeDust.io or Watermelons. But the fact that they started is great!
Second. Free mint.
I don't agree with Anton that this is a wallet, interface or user problem. If the project is launched so large, the conditions should be spelled out. 840K TON is a lot of money and it's not something to play around with blindly. But I agree with him in the part that users decided for themselves, whether to mine or not. Yes, maybe 10-100 people blindly poked and lost their money, but this is about inattention.
The other day Gudgeon found a vulnerability in Getgems, that it is possible to throw offers on NFT and take them from the user for free. So he took a couple of daimonds and numbers and then wrote to Getgems. What did they tell him? It's the users own fault, they didn't see that they were giving them away for free. And they gave him 50 TON for the find. The end.
So, I think that a) the Chinese should have told about the price and commissions, b) the users themselves saw how much they pay and for what, there were no hidden commissions.
Third. Gram on Tonana vs Gram on Gram-20
And now the most interesting thing. My opinion is that the fight started not because of freemint, but because the guys from gram on tonano did everything for free and didn't get any money, while gram on gram-20 raised almost $2M. And I think that's where the FOMO feeling came in, which caused the animosity towards each other. And now it turns out that gram-20 has money to make marketplaces, build infrastructure and projects, and gram on tonana has no money and everything at the expense of developers from the community at their own will. And this resentment prevents both from developing.
The topic of inscriptions did not come to me at all, but I always welcome movement.
P.S.: TON Foundation did not pay for this post and other posts about gram-20. This is my personal opinion, as is everyone on this channel.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🎉 Listing of tokens on MEXC
With the development of the token market on the TON blockchain, there are big players who are ready to list on centralized exchanges. This is a very costly endeavor not available to everyone, but four projects are already listed on MEXC: $DFC, $MEGA, $LAVE, and $FNZ.
Listing is accompanied by large daily trading volumes, which means that in addition to the cost of listing (it's from $30k to $60k), you need to hire market makers to maintain the price and create trading activity.
I looked at about 50 new tokens listed on MEXC and saw how the TON blockchain tokens are doing. Almost all tokens are doing x2-x4 of the listing price in the first hours of listing.
So that's what I'm getting at, soon (promised within a week) another token $JETTON will join the fantastic four, from the eponymous gaming platform @JetTon with an audience of over 160k players. The token fell after farming by 2 times, but has already started to grow by 8% and during the listing we may see the same $1 price that everyone is used to.
If you are not on MEXC yet, you can register at the link: https://promote.mexc.com/a/JetTon, and we are waiting for announcements 😊
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🎉 GRAM-20 again.
Reading your comments, heath and thoughts on the launch that this will be the new standard, like tokens on TON, I started to think that maybe it's really current, but then why stick with the "-20" in the name if it's going to be different from the BRC-20 idea? Finally got some documentation on gram-20 and it made a bit more sense.
The inscription technology remains, it's ok. But as I understand it, they want to adapt the inscriptions to the TON blockchain in such a way as to maximize the sharding capabilities of TON and not put the infrastructure down. Each user will have a dedicated smart contract to which they will send their commands for the inscriptions, and the contract will penalize those who mindlessly spam and increase the waiting time, like an iPhone when trying to find a password.
If you add up all the sources of information and the tweet from Steve Yun, it turns out that all of this will be spinning in the Telegram Web App and to mint GRAM-20, all you have to do is click "next" and flit between the two apps @wallet and GRAM itself. And in addition to endless mines, we will see a full-fledged marketplace from the team that successfully rolled it out on Dogecoin. I have already written about it several times.
Now the TON Blockchain channel on Twitter is going through the year-end results and gave the microphone to Gerald from GRAM-20, which shows the strong support of the TON Foundation for the project. Is this because of the use of @wallet or some other reason? Maybe they'll get a tick in the bot too? 🧐
There was an insider on the mint launch time in the private channel, plus @wallet did some unscheduled technical work, but so far there's nothing 🦝 except that there will be some kind of announcement on the @Gram_Announcement channel tomorrow at 12:00 UTC time 🦝
UPD: there is information that tomorrow at 13:00 UTC time will be the start of the mint: t.me/Gram_Announcement/15
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🕵️♂️ G-ROCK technologies. Overview.
Many people have been waiting for a review of the GROK project and this moment has come. I have studied all the posts since the creation of the channel, the project is new and there are not so many of them.
What is the project in general, what is and what will be:
- G-ROCK Telegram Bot
- Token $GROK
- GROK Token Staking
- NFT collection
- GROK HACKATHON
- AIRDROP GROK for LP Holders
- G-ROCK AMM Bots
- EVENT SWEEPSTAKES
- NFT Marketplace
- NFT AI Generator
Of all this, only the $GROK token is available right now, so I'll tell you about it.
The cool thing is that 80% of the saplay was poured into DeDust.io liquidity with a price of 0.00001 TON. That is a total of 25 TON and then locked for 1 year. It seemed like anyone could do it, but they started shilling it with payoffs and a price increase of over 9000%. And though the team says they don't have a single token on hand, that's not true. They procured their own at the bottom for themselves, as well as for the activities they announced next. After all, to do the same steaking or airdrop, the tokens have to come from somewhere.
Yes, they won't be able to have a strong impact on the token price, but if we take into account that the rate is now 0.015 TON, they will definitely be able to make money 😊 Depends on how much they bought, it can't be traced already....
Studying the roadmap of the project, with listings on CMC and CG of course it's easy, the main thing is to have a good trading volume, but with the listing on MEXC of course they swung. A project that has invested 25 TON in startup + 500 TON to pay off is unlikely to find $30K for listing. But they will soon have an NFT collection where they will make some more money. To make $30K, the course has to make a few dozen more X's.....
Overall, the promises are plentiful, the roadmap is promising and if they fulfill all the items next year, the project will become a full-fledged part of the TON ecosystem. But how many such projects have there been...
We'll see, but all the information about the project is on their website www.g-rock.org. Study it before you buy.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
While the TON Foundation is coming up with a roadmap for 2024, the Blockchain Life team is already starting to gather participants in Dubai, for another forum.
For those who don't know what to expect, you can read the previous Blockchain Life review from October 2023, where I won an iPhone and was not impressed with the legendary afterparty. This time they want to gather no longer 7000 people as it was in October, but 8000. I think they will take into account the mistakes of last year and they will succeed.
Cryptans have very strong expectations for April-May next year due to Bitcoin Spot ETF approval, Bitcoin halving and Fed interest rate cuts. The forum dates, April 15-16, are tailored just right for this.
Kirill Malev from The Open Platform is already hanging out as a speaker, so expect more memes from him 😁
You can buy tickets now, while they are still cheap, at the link https://blockchain-life.com/asia/en/. And by using promo code Vudi you can also get 10% discount.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🧐 Gram-20
After the post about BRC-20, a lot of questions started to be asked about the Gram-20 project. I spent a few hours researching their Twitter (which is now deleted) and found a couple of interesting things.
To start with, the likes and reposts were from large Chinese Influencers with 100K+ followers. And if you study their pages, they know what BRC-20 is, and if they're on board, when there are official launch announcements, they'll get involved in full PR. Also in subscribers I found the guys from re:doubt, TON Foundation, BOLT Foundation, Tonkeeper and the lunchpad and marketplace funder for inscriptions on the Dogecoin network, and even before my post, which makes you wonder. Looks like in addition to endless mints of random inscriptions, we'll see a full-fledged marketplace.
Questions also flew in about smart contracts, why make inscriptionshen on contracts when there are tokens. As I understand it, they want to adapt inscriptions to the TON blockchain. Whether they will be able to keep the charms of the blockchain and the concept of the BRC-20 protocol, who knows.
It's all speculation and information is still very scarce. The page description said it was a trading platform for inscriptions on TON, and the first step was to download Telegram. I think their Twitter was deleted by Tonano's competitors, because in 2 days they added more than 2.5 thousand followers there, and I haven't found a channel in Telegram yet.... It's all very mysterious, I keep watching...
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
👛 Wallet answered the questions
Almost a month ago I wondered whether TON Space is safe from the point of view of seed phrase storage and now @Wallet team has provided answers to my questions. The answers were ready long ago, but due to the change of the information field there was no sense in publishing them.
The answers turned out to be quite massive and can't fit into one post, so I will publish the main points that seemed to me the most important, and you can read the full answers in the article "TON Space, community questions".
So:
- the only option for an attacker to gain access to your sydphrase is to get your phone from you along with your password;
- Telegram does not have an encryption key, and Wallet and TON Space do not have the second part of the passphrase;
- the team is not aware of any cases of Telegram handing over user data either on friendship or under the pressure of the authorities;
- to remove the seed phrase locally from the phone, the Telegram app must be uninstalled;
- to remove the seed phrase from Wallet, TON Space and Telegram servers - you need to write to support;
- there will be no reimbursement of losses in case of wallet hacking;
- open source code may be available in the future.
In general, the answers were not bad and give some confidence in using the wallet. I thank @wallet team for openness and direct contact with the community.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
TON infrastructure is not ready for mass-adoption
After the validators were updated, the transaction queue disappeared and everyone started celebrating the victory over the congestion, after which the ton-20 team started their mint again.
Everything was fine for the first 10-15 minutes, but then, because they were advised not to send transactions to the zero address, but to their own addresses and to use only Tonkeeper, TON Space@wallet, MyTonWallet and other wallets for this purpose, there was a collapse that was not expected.
To send transactions, you need lightservers, which are nodes through which you can send requests and receive a response from the TON blockchain. Keeping your own lightserver is usually expensive, so projects use public lightservers provided by the TON Foundation (at the time of writing there are 18 of them, but there were fewer at the time). Due to the fact that many wallets and scripts used public lightservers, it was impossible to process such a large number of requests, and there were a lot of them. The servers simply sent a timeout in response and nothing happened. The blockchain itself was being segmented and scaled and the blockchain was fine, but the infrastructure was completely paralyzed.
The TON Community had two network notifications (one, two) that warned of increased network activity and outages in the TON blockchain infrastructure. However, there were none in the Russian-language channel.
In behind-the-scenes chats with the TON Foundation, project managers pointed out the problem with lightservers, and with the joint efforts and teamwork of the projects and the Foundation, several dozen more lightservers were raised to ensure uninterrupted operation of the services.
And only after increasing the nodes, everything got better and 21 million transactions were processed throughout the day.
All this time deposits were closed on centralized exchanges, apparently because they used public lightservers, but now TON Foundation has provided separate nodes for each exchange and is waiting for them to do the work on their part.
TON Foundation members usually say in speeches - "we build infrastructure so that people come to build projects", but this time, the poor infrastructure has hurt both projects and the reputation of the blockchain as a whole.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🙈$RAFF raised 115K TON.
Honestly, I'm surprised that a regular team was able to raise so much money on the TON blockchain. Other teams work their asses off to get that kind of money from foundations or lunchepads, but here they are their own lunchepad, and a people's lunchepad at that.
In 10 days 1615 people decided to support their project at the very beginning of its development. Yes, they have been developing useful tools for the TON community for a year already, but I think this is just the beginning. 40% of the raised funds will be spent on development, which means that we are waiting for interesting and useful features that will definitely work as they should.
It's worth noting that fairlunch took place during wild lags in TON blockchain, ton-20 minte by Chinese and tonapi crash (though nobody even noticed, right? 😁). Plus they were dduded by underdogs for over 6 hours and learned the zen of working with blockchain shards. Got a quick adaptation to web3 on TON in combat mode and they definitely passed it.
The fundraising stops in a few hours and there will be an immediate listing on the people's DeDust.io. Who forgot or postponed it, 10 minutes left !!!
Get in!!!!
Buy link: ➡️ Ton Raffles Fairlaunch
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
There's no money in TON. OTC will come to the rescue.
No matter how many times I write the phrase "people have earned", still there are no such sums in TON, which would spin like in the same BTC, ETH or SOL. And to proven the opposite, all projects try to attract capital from outside, someone works through bridges, and someone makes convenient OTC.
I already did a research on all OTC solutions on TON, and @JetTon released another variant of OTC solution that allows you to buy their JETTON token with any crypto.
Previously it could only be done with a 3 to 12 month lock, now it's just right now at the rate from the exchanges, but no price impact. That is, you can take even 1 BTC and get exactly the same amount in JETTON. Tokens after purchase immediately come to your wallet unfrozen.
This solution can be found at https://jetton.investments/ru, where exchange from 14 cryptocurrencies is available. I think this option is worth considering as an alternative to putting money into the TON blockchain when the network recovers.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
🥴 What's going to happen to the price a TON?
I see all the chats saying "it's weird that the price of TON isn't dropping". It is, just slowly. The price of TON has already dropped to $2.34 and it's still dropping. Now people are simply afraid to make large transfers to exchanges.
I suspect that when TON starts allowing transactions to go through as before, the exchanges will immediately have tons of coins for sale. When Solana went down for 30 minutes, the price of SOL coin dropped by 10-20% in a moment, and here it's almost 24 hours of downtime and it's still project ton-20 asked on Twitter not to do the actions that led to it. And when they continue, it is not a fact that everything will not fall again....
The saddest thing is that all projects suffer from this, because their price is tied to the price of TON, and the queue in transactions does not allow for prompt interaction with the blockchain.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.
😡 How one service paralyzed the entire TON blockchain
So much for the world's fastest blockchain. Someone set off a "bomb" on the blockchain similar to the one that was set off during the First Performance Test and it put all the indexers down.
In tonscan.org tokens are not displayed, and tonapi.io went down so much that we had to write to the channel: "We are under DDoS attack. Tonapi is currently unavailable.
UPD: This is not a DDOS, but something unusual in the blockchain. we are investigating the problem".
And tonapi services are built on almost everything... Tonkeeper, STON, DeDust, Getgems, Tonstarter, trading bots, etc...
The blockchain itself works and can handle a load of 100k transactions per second, but the infrastructure above it is not ready for mass-adoption.... That's the TOP.
@investkingyru | @investkingyru_en | twitter | CMC
$KINGY: DEX DeDust.io and xRocket.