Onchain fees in USDt

Developers of TON wallets please read the following information:

@tondev_news114

@tondev_news115

Toncoin circulating supply update

The circulating Toncoin supply has been updated on data aggregators (CoinGecko, CoinMarketCap, and Tontech.io) to align with industry practice as laid out by CoinGecko.

This new figure, effective from 29 May at 17:00 GST, follows an in-depth review of TON Blockchain data and among other things, specifically excludes the following locked or reserved tokens:

— Toncoin in the TON Believers Fund
— Toncoin held by Telegram
— Toncoin held by The Open Network Foundation

Transition from jUSDT to native USDt

USDt's launch on TON had huge success: there are already 316 million USDt in circulation!

Before launching the native USDt, the bridged jUSDT fulfilled its role in the TON blockchain.

Along with the launch of native USDt on TON, work has begun on cross-chain solutions that will allow transfers of native USDt from various networks into TON blockchain and vice versa.

Thus, we are proposing to start migrating from jUSDT to the native USDt on TON.

— The perсentage fee in bridge has been removed from the transfer of jUSDT from TON back to Ethereum.

— Over the next few weeks, TON Foundation will add liquidity to the jUSDT-USDt pools on TON DEX(es) for a while to allow small holders of jUSDT be able to exchange them for native USDt on TON DEX(es).

— After two weeks, jUSDT transfers from Ethereum to TON on bridge.ton.org will be closed at 12:00 UTC on June 10. Transfers of jUSDT from TON to Ethereum will work as long as there are jUSDT holders. Other tokens will continue to be processed without changes.

This is a scheduled event, all your funds are safe.
Please consider transferring either your jUSDT back to Ethereum via bridge (for larger amounts) or exchanging your jUSDT to native USDt on DEXes (for smaller amounts).

Notcoin, a miniapp on Telegram, reached 35M active users in just a few months.

In this app, users could earn a game currency “notcoins” by clicking on the screen. Yesterday, the cryptocurrency Notcoin was minted on the TON blockchain and listed on all major cryptoexchanges. All of a sudden, Notcoin users who just played this game for fun could convert their in-game currency into real money

Notcoin instantly became a top-10 cryptocurrency in the world by trading volume, and reached almost $700 million in market capitalization. Imagine — hundreds of millions of dollars in value were created for Telegram users in this miniapp out of nowhere in a matter of months

This amazing success story shows how powerful the Telegram / TON ecosystems are for app developers. Telegram offers app developers more freedom than any other platform, providing unmatched opportunities to leverage social interactions for viral distribution. TON, in turn, provides scale and flexibility for any blockchain project on top of it

We are now seeing a large wave of new miniapps being built on Telegram and TON. Notcoin, the leader of the pack, used its mighty paws to pave the way for many apps to come

USDt-TON reaches 200 million in circulation

USDt-TON has doubled its success, reaching $200 million in circulation in less than a month after launch, setting a new record as the fastest growing launch in the history of Tether’s USDt.

Wen 1 billion?

Attention TON Community 💎

If you have experience with learning and development on TON and have noticed something missing in the documentation or tools, this is your chance to let us know.

We encourage every community member to share their experiences with TON development by participating in our survey.

The survey encompasses four key topics and will take approximately 5-8 minutes of your time.

We invite you to contribute to this important initiative and share your valuable experiences here:
👉 https://nletwfvh.paperform.co

USDt on TON

— Already integrated into @wallet and into many exchanges, onramp and services.

— Free withdrawals from major exchanges and @wallet until the end of June.

— 11M Toncoin rewards for USDt users.

— USDt-TON Learn and Earn campaign on OKX.

— Low on-chain fees.

— Soon: on-chain fees in USDT.

https://ton.org/en/borderless

Key highlights of the groundbreaking perfomance of Telegram, TON and Tether at TOKEN2049

— Telegram is #6 most used app in the world. 900M MAU, 360M Mini Apps MAU. The number of Mini Apps users can be doubled.

— Telegram Mini Apps, Wallet and TON blockchain provide unprecedented opportunities for developers — an example is Notcoin, which engaged 35M users in 3 months.

— Telegram has launched Ad revenue sharing — payments and withdrawals in TON.

— Telegram will also launch optional monetization of large public chat groups.

— Announce of a revenue sharing model for tips to creators — withdrawals in TON.

— Telegram will allow users to buy digital goods and services — withdrawals in TON.

— Telegram will tokenize stickers and emoji.

— Tether launched USDt on TON. Tether noted the scalability of the TON blockchain and its low fees.

Recording of the perfomance »

Validators voted to reduce fees

Network fees decreased by 2.5 times. We thank the validators for your choice.

This is the first use of the TON fees reduction mechanism on the mainnet.

Validators also voted for the first precompiled smart contract, which will further reduce fees for USDt in particular.

Developers please pay attention to the guidelines.

Voting to reduce network fees

TON has always been known for its low network fees.

Fees in TON are fixed (in Toncoin) and do not depend on the load in the network in any way. However, given the rise of Toncoin price, they are no longer so low in terms of dollars.

Fortunately, TON provides a mechanism for reducing the cost of fees by network-wide voting.

We encourage validators to vote for this fee reduction.

https://telegra.ph/Making-TON-the-Most-Affordable-scalable-Layer-1-Network-04-16

How to vote »

The Open League Season 1

$115M for TON Community 🤩

Read more:

https://blog.ton.org/april-1st-the-open-league-season-1-115-million-in-toncoin-community-rewards

For projects:

https://blog.ton.org/the-open-league-season-1-for-projects

TON Foundation joins forces with Fireblocks and DWF Labs

Fireblocks integrates TON Blockchain and adds support for Toncoin.

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets, having secured the transfer of over $4 trillion in digital assets to date.

Earlier, Bitgo custodial service also supported Toncoin, and Binance Futures launched TON perpetual contract.

After my last post, some people expressed concern that, as a result of ad sales exclusively for TON, Telegram may end up holding an unhealthy share of Toncoin, which will be too concentrated for a decentralized ecosystem. We acknowledge these concerns and have come up with a solution.

To limit Telegram’s share of TON at ≈10% of the supply, we’ll be selling the upcoming surplus of our TON holdings to long-term investors — under 1-4 years lockup and vesting plan, but at a discount to the market price. This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility.

Potential investors in TON have been actively trying to reach out to us through various means. To make the process of any TON sales from Telegram fair and streamlined, we set up a new email address investors@telegram.org, where large investors ($1M+) can express their interest. Thanks to the participation of more long-term holders, TON will remain stable and decentralized.

Next month, channel owners on Telegram can start receiving financial rewards from their work.

Broadcast channels on Telegram generate 1 trillion views monthly. Currently, only 10% of these views are monetized with Telegram Ads — a promotion tool designed with privacy in mind.

In March, the Telegram Ad Platform will officially open to all advertisers in nearly a hundred new countries. Channel owners in these countries will start receiving 50% of any revenue that Telegram makes from displaying ads in their channels.

To ensure ad payments and withdrawals are fast and secure, we will exclusively use the TON blockchain. Similar to our approach with Telegram usernames on Fragment, we will sell ads and share revenue with channel owners in Toncoin. This will create a virtuous circle, in which content creators will be able to either cash out their Toncoins — or reinvest them in promoting and upgrading their channels

The highlights of 2023

The most significant of last year's many events:

Mass-adoption:

— TON x Telegram;

Performance:

— World blockchain speed and scalability record;

— 80M transactions in 15 days in mainnet;

Tokenomics:

— Achieving transparency and predictability for more than 66% of tokenomics [1] [2] [3];

— Implementation of the mechanism of burning half of the network fees, achieving deflationary in December;

Recognition:

— The Dubai Financial Services Authority added TON;

— Swiss non-profit TON Foundation;

— The Gateway Conference;

Decentralization:

— Deleting the configuration key;

— Network-wide votings has become commonplace;

Usability:

— Lots of updates to wallets, DEX's, staking, bridge and every service in the TON ecosystem;

Integration:

— TON x Trust Wallet, Ledger, Amazon Web Services, Tencent Cloud, Elliptic, Blockchain.com, Animoca Brands, Bitget Wallet, Atomic Wallet, Changelly and many others;

Technology:

— Zero-Knowledge on TON;

— Constant kernel and developer updates;

Read more detailed review and developer report on the blog.

Validators voted to activate TVM update

Now TON developers even more equipped to develop cutting edge protocols.

Call for Network Validators to get in contact

The TON blockchain is experiencing reduced performance now due to a backlog of transactions in the queue to be validated. We’ve received a response from many validators on the network who have already upgraded using the patch provided this morning.

However, there are still some we have been unable to reach. We need to collect the machine specifications from all validators to progress the upgrade as quickly as possible. If you maintain a TON validator node, please get in touch with us urgently so we can resolve the network performance issues.

You can reach the team via this google form. If you know someone who maintains a validator node on TON, please also feel free to forward this message.

For the last two days, the TON blockchain has realized a new milestone while experiencing a significant slowdown in transaction processing.

No smart contracts or user assets are at risk. All sent messages will be processed.

We're working on fixing the problem.

Tech report »‎

Meet the long awaited TVM update in mainnet

It has undergone months of testing on testnet, bug bounties and been audited by one of the world's best auditor - Trail of Bits.

This update makes TVM one of the most versatile virtual machines around, including the ability to create Zero-Knowledge protocols.

Multiple community teams have already built amazing services using new functionality:
Tonnel Network, Redstone, Evaa, TON Teleport, Clean.ton. There were a lot of great ideas at the TVM hackathon.

Network validators have already updated their software on November 30, and new TVM functionality is scheduled to be enabled on December 12.

Read more about TVM update »

Technical documentation »