Key differences between DEXs and CEXs
You can find introductory information on DEXs here. This post describes the key differences between the decentralized and centralized exchanges (DEXs and CEXs) briefly and in little detail.
A few examples of CEXs are Binance, FTX, Coinbase, and Kraken. A few examples of DEXs are Uniswap, dYdX, and PancakeSwap. For the full lists, see coinmarketcap.com: DEXs, CEXs.
DEXs versus CEXs
• Faster to operate as there is no need to register and no need to replenish the deposit beforehand.
• As a rule, total fees are lower, since you don’t need to replenish the deposit and then withdraw funds from it to put them in the wallet.
• Since there is no intermediary organization, there is no one controlling you.
• Since there are no KYC/AML procedures to identify the user, there is no way to check the legality of the funds’ origin.
• As a rule, there is no regulation by the state.
• The non-custodial principle means that you don’t have to keep your funds in the exchange wallet. Your assets stay in your wallet until the transaction occurs.
Does it look like DEXs have only advantages? This isn’t quite so. The lack of KYC/ALM regulations means that the fiat currencies (USD, EUR, etc.) cannot be traded on such exchanges. It also means that only crypto-to-crypto exchanges are possible. In addition, these peculiarities of DEXs often lead to the inability of institutional investors (companies, foundations, etc.) to work on such exchanges.
We won’t go into detail about what makes CEXs different in these respects; their characteristics are simply opposite to those of DEXs.
#stonacademy
You can find introductory information on DEXs here. This post describes the key differences between the decentralized and centralized exchanges (DEXs and CEXs) briefly and in little detail.
A few examples of CEXs are Binance, FTX, Coinbase, and Kraken. A few examples of DEXs are Uniswap, dYdX, and PancakeSwap. For the full lists, see coinmarketcap.com: DEXs, CEXs.
DEXs versus CEXs
• Faster to operate as there is no need to register and no need to replenish the deposit beforehand.
• As a rule, total fees are lower, since you don’t need to replenish the deposit and then withdraw funds from it to put them in the wallet.
• Since there is no intermediary organization, there is no one controlling you.
• Since there are no KYC/AML procedures to identify the user, there is no way to check the legality of the funds’ origin.
• As a rule, there is no regulation by the state.
• The non-custodial principle means that you don’t have to keep your funds in the exchange wallet. Your assets stay in your wallet until the transaction occurs.
Does it look like DEXs have only advantages? This isn’t quite so. The lack of KYC/ALM regulations means that the fiat currencies (USD, EUR, etc.) cannot be traded on such exchanges. It also means that only crypto-to-crypto exchanges are possible. In addition, these peculiarities of DEXs often lead to the inability of institutional investors (companies, foundations, etc.) to work on such exchanges.
We won’t go into detail about what makes CEXs different in these respects; their characteristics are simply opposite to those of DEXs.
#stonacademy
👍43❤22🤔4⚡3🔥3
Media is too big
VIEW IN TELEGRAM
Swap functionality at STON.fi DEX demo is up and running! 🚀
Please reserve your seat at https://ston.fi/demo-reserve-seat to participate in the testing contest 💎
Please reserve your seat at https://ston.fi/demo-reserve-seat to participate in the testing contest 💎
👍30❤18🔥11⚡4
Types of DEXs
We will examine two types of decentralized exchanges:
* Orderbook DEXs
* AMM DEX
Orderbook DEXs resemble centralized exchanges (CEX) in their interface and operational principles. Trading participants place their orders to buy or sell their cryptoassets on the exchange, and a deal is reached when the stated prices match. The transaction takes place only when there is a counter order for a transaction from another user.
Unlike on a CEX, where the exchange itself serves as the third party and is responsible for processing a transaction, the smart contract, i.e. self-executing software, takes care of this.
AMM DEXs (automated market maker DEXs), in principle, work similarly to currency exchange offices. They don’t use order books (lists of buy and sell orders). Their work is based on liquidity pools. Simply put, a liquidity pool represents cryptoassets offered by liquidity providers to perform a transaction on this kind of exchange for a small fee. Therefore, when you trade on an AMM DEX, you make a deal not with another seller or buyer, but with a smart contract, which withdraws funds from the liquidity pool and sends them over to you in exchange for your funds. In this case, the value of the assets is not determined by the wishes of the traders, but by a mathematical algorithm (naturally, you will see the price before making a transaction). This approach allows for a considerably simpler interface and process – to the user, all of this looks like a regular currency exchange office, when in fact there is a complex set of smart contracts matching the cryptoassets, evaluating their prices, and so on. STON.fi is an AMM DEX.
#stonacademy
We will examine two types of decentralized exchanges:
* Orderbook DEXs
* AMM DEX
Orderbook DEXs resemble centralized exchanges (CEX) in their interface and operational principles. Trading participants place their orders to buy or sell their cryptoassets on the exchange, and a deal is reached when the stated prices match. The transaction takes place only when there is a counter order for a transaction from another user.
Unlike on a CEX, where the exchange itself serves as the third party and is responsible for processing a transaction, the smart contract, i.e. self-executing software, takes care of this.
AMM DEXs (automated market maker DEXs), in principle, work similarly to currency exchange offices. They don’t use order books (lists of buy and sell orders). Their work is based on liquidity pools. Simply put, a liquidity pool represents cryptoassets offered by liquidity providers to perform a transaction on this kind of exchange for a small fee. Therefore, when you trade on an AMM DEX, you make a deal not with another seller or buyer, but with a smart contract, which withdraws funds from the liquidity pool and sends them over to you in exchange for your funds. In this case, the value of the assets is not determined by the wishes of the traders, but by a mathematical algorithm (naturally, you will see the price before making a transaction). This approach allows for a considerably simpler interface and process – to the user, all of this looks like a regular currency exchange office, when in fact there is a complex set of smart contracts matching the cryptoassets, evaluating their prices, and so on. STON.fi is an AMM DEX.
#stonacademy
👍26❤17🐳4🤯3⚡2🔥2
What is a seed phrase?
If you have a cryptocurrency wallet, you were most likely instructed to keep a phrase of 12 or 24 randomly-chosen words in a safe place. This very combination of words is a seed phrase. This phrase, as well as your private key, allows you full access to your wallet (although the seed phrase is not the same as the private key). You need the private key to confirm (or, so to say, ‘sign’) your transactions, but often you don’t even know what it is – the crypto wallet signs your transactions for you with your private key. As for the seed phrase, you can see it when you generate your wallet, and this is when you are supposed to note it and keep it in safe place. You can also use it when you need to restore your wallet, for example, on a different device.
Actually, you don’t need to know all this to use cryptocurrencies. You need to remember one thing – never and under no circumstances can your seed phrase (as well as the private key) be disclosed to anyone. There can be only one exception: when you want to give another person access to your wallet. Anyone who knows your seed phrase or your private key has your wallet in their full possession and can control all the cryptoassets in it.
Here’s a question: why not to use a long, complicated password of randomly-chosen symbols instead of the seed phrase? The answer is quite simple. With a complicated password, there are more opportunities to make a mistake, such as mixing up symbols. The price for a mistake in the crypto world is high. It is much easier to use regular words in a certain order and allow your wallet source code to generate the keys.
#stonacademy
If you have a cryptocurrency wallet, you were most likely instructed to keep a phrase of 12 or 24 randomly-chosen words in a safe place. This very combination of words is a seed phrase. This phrase, as well as your private key, allows you full access to your wallet (although the seed phrase is not the same as the private key). You need the private key to confirm (or, so to say, ‘sign’) your transactions, but often you don’t even know what it is – the crypto wallet signs your transactions for you with your private key. As for the seed phrase, you can see it when you generate your wallet, and this is when you are supposed to note it and keep it in safe place. You can also use it when you need to restore your wallet, for example, on a different device.
Actually, you don’t need to know all this to use cryptocurrencies. You need to remember one thing – never and under no circumstances can your seed phrase (as well as the private key) be disclosed to anyone. There can be only one exception: when you want to give another person access to your wallet. Anyone who knows your seed phrase or your private key has your wallet in their full possession and can control all the cryptoassets in it.
Here’s a question: why not to use a long, complicated password of randomly-chosen symbols instead of the seed phrase? The answer is quite simple. With a complicated password, there are more opportunities to make a mistake, such as mixing up symbols. The price for a mistake in the crypto world is high. It is much easier to use regular words in a certain order and allow your wallet source code to generate the keys.
#stonacademy
👍40⚡3❤1🔥1🥰1
AMA with STON.fi
Today at 13:00 UTC we are having AMA-session in TON NFT PLUS channel.
Get ready and prepare your questions!
We are waiting for you
People with three best questions will be rewarded!
Today at 13:00 UTC we are having AMA-session in TON NFT PLUS channel.
Get ready and prepare your questions!
We are waiting for you
People with three best questions will be rewarded!
🔥21👍12💩2⚡1
Results of the first STON.fi AMA session
STON.fi's first AMA session, which lasted more than an hour and a half and included not only a detailed introduction to the project by our marketing director, but also a lively discussion about DeFi's prospects in TON, came to an end.
There were a lot of questions, and all of them were quite interesting, but we selected the authors of the top three questions, who got prizes of 10 Toncoin from STON.fi. They are XYSpin, cryshado and Denis Matveev. Congratulations ! 🎉
Thanks to all participants of AMA session! Who couldn't visit it this time, don't worry - it was the first but not the last AMA. Stay tuned, it's just getting started!
STON.fi's first AMA session, which lasted more than an hour and a half and included not only a detailed introduction to the project by our marketing director, but also a lively discussion about DeFi's prospects in TON, came to an end.
There were a lot of questions, and all of them were quite interesting, but we selected the authors of the top three questions, who got prizes of 10 Toncoin from STON.fi. They are XYSpin, cryshado and Denis Matveev. Congratulations ! 🎉
Thanks to all participants of AMA session! Who couldn't visit it this time, don't worry - it was the first but not the last AMA. Stay tuned, it's just getting started!
👍25🔥5❤4🤮4💯4⚡2
Communication with STON.fi
In addition to the fact that you can ask any question in our chat, you can also send all ideas and suggestions to our community manager, who is available 24/7.
Always glad to get your feedback and open to ideas and suggestions for cooperation!
Don't forget to subscribe to our Twitter, where we will publish news about our project.
In addition to the fact that you can ask any question in our chat, you can also send all ideas and suggestions to our community manager, who is available 24/7.
Always glad to get your feedback and open to ideas and suggestions for cooperation!
Don't forget to subscribe to our Twitter, where we will publish news about our project.
Telegram
STON.fi Chat
Chat: https://xn--r1a.website/stonfidex
Rules: https://xn--r1a.website/stonfichat/951
Support: @STONfi_support_bot
English only
Rules: https://xn--r1a.website/stonfichat/951
Support: @STONfi_support_bot
English only
👍77❤11🤩11🤮8⚡2👎2👏1🤔1🖕1
What AMM DEX is
For general information about DEXs, see the posts above. Here we will talk in more details about the AMM DEX protocol, which automatically calculates the cost of your assets and turns the decentralized exchange into a convenient currency exchange office.
Simply put, an AMM (automated market maker) is a robot that quotes a price for an asset. This is the price for which you can buy or sell this particular asset. This robot also gives you access to the liquidity pools and, consequently, to the cryptoassets available to exchange.
On the centralized exchanges (CEX), the price of the asset is determined by the sellers and buyers: the sellers set a price for the sale of their assets, and the buyers set a price for the purchase of the assets. When these two prices match, the exchange conducts the transaction.
Unlike on a CEX, the price of assets on an AMM DEX is not determined by the sellers or buyers, but by an algorithm. As a matter of fact, the transactions on an AMM are not performed between the buyer and the seller, but between the buyer and the smart contract or between the seller and the smart contract. Accordingly, the smart contract needs to calculate the price at which it is possible to buy and sell the assets at the given moment, including its own fee. This is the job of the algorithm, which calculates the current price of the asset according to certain rules. Then it is up to you to agree to sell or purchase the asset at the price offered by the smart contract.
Where can an AMM find assets if there is no counter order from another person? In this case, the assets are offered by liquidity providers for a certain fee. But we’ll talk about this next time.
#stonacademy
For general information about DEXs, see the posts above. Here we will talk in more details about the AMM DEX protocol, which automatically calculates the cost of your assets and turns the decentralized exchange into a convenient currency exchange office.
Simply put, an AMM (automated market maker) is a robot that quotes a price for an asset. This is the price for which you can buy or sell this particular asset. This robot also gives you access to the liquidity pools and, consequently, to the cryptoassets available to exchange.
On the centralized exchanges (CEX), the price of the asset is determined by the sellers and buyers: the sellers set a price for the sale of their assets, and the buyers set a price for the purchase of the assets. When these two prices match, the exchange conducts the transaction.
Unlike on a CEX, the price of assets on an AMM DEX is not determined by the sellers or buyers, but by an algorithm. As a matter of fact, the transactions on an AMM are not performed between the buyer and the seller, but between the buyer and the smart contract or between the seller and the smart contract. Accordingly, the smart contract needs to calculate the price at which it is possible to buy and sell the assets at the given moment, including its own fee. This is the job of the algorithm, which calculates the current price of the asset according to certain rules. Then it is up to you to agree to sell or purchase the asset at the price offered by the smart contract.
Where can an AMM find assets if there is no counter order from another person? In this case, the assets are offered by liquidity providers for a certain fee. But we’ll talk about this next time.
#stonacademy
👍31💯6🔥3⚡2💩2
STON.fi DEX demo has been launched in the TON mainnet!
We are very excited to announce that everyone can now exchange tokens (jettons) on the TON mainnet using our decentralized exchange STON.fi!
Please go to https://ston.fi/demo-contest to learn more and participate.
In order to avoid any problems with liquidity pools and related risks DEX is working with MOONSTON and REDSTON test tokens for now.
All participants of the contest will receive our project's NFT, which will eventually provide benefits when using STON.fi's DEX. NFT collection is divided into several categories of different uniqueness. The earlier one participates in the contest, the more unique of an NFT they get.
30 rewards worth 10 Toncoins each will be randomly distributed among all participants (TON blockchain addresses).
Please hurry! The contest is limited to July 17-23, 2022.
We are very excited to announce that everyone can now exchange tokens (jettons) on the TON mainnet using our decentralized exchange STON.fi!
Please go to https://ston.fi/demo-contest to learn more and participate.
In order to avoid any problems with liquidity pools and related risks DEX is working with MOONSTON and REDSTON test tokens for now.
All participants of the contest will receive our project's NFT, which will eventually provide benefits when using STON.fi's DEX. NFT collection is divided into several categories of different uniqueness. The earlier one participates in the contest, the more unique of an NFT they get.
30 rewards worth 10 Toncoins each will be randomly distributed among all participants (TON blockchain addresses).
Please hurry! The contest is limited to July 17-23, 2022.
🔥24👍15❤4🐳3⚡2😁2🤮2🕊2
More than 100 people have already participated in the contest!
The DEX and pool smart contracts show stable operation, and do not cause any questions or complaints.
Thanks to the attentiveness of the participants, a number of interface imperfections were found, which will now be fixed.
We remind you that all participants who complete all actions from the instructions will get a branded NFT and a chance to win 10 Toncoin.
The DEX and pool smart contracts show stable operation, and do not cause any questions or complaints.
Thanks to the attentiveness of the participants, a number of interface imperfections were found, which will now be fixed.
We remind you that all participants who complete all actions from the instructions will get a branded NFT and a chance to win 10 Toncoin.
👍28👏4💯2❤1⚡1
The launch of DEX from the Biton team
On 17th July 2022 our colleagues from the Biton team also introduced DEX on The Open Network main network with TON-VNR (Venera Exchange project token) exchange capability
We congratulate the Biton team on this important event for the entire TON ecosystem and hope that Biton will continue to delight users with new products and contribute to the development of decentralized finance in TON.
Only free competition of projects and diversity of development teams can take our network to a new level.
On 17th July 2022 our colleagues from the Biton team also introduced DEX on The Open Network main network with TON-VNR (Venera Exchange project token) exchange capability
We congratulate the Biton team on this important event for the entire TON ecosystem and hope that Biton will continue to delight users with new products and contribute to the development of decentralized finance in TON.
Only free competition of projects and diversity of development teams can take our network to a new level.
🕊30👍5💯5❤3
200+ STON.fi contest participants 🔥
More than 200 users are already interacting with our DEX demo.
We thank everyone who is sharing feedback on the platform; many even record videos for us!
It is only thanks to you that we can eliminate all the imperfections with the platform, and provide our users with the most convenient platform for exchanging tokens.
That said, we want to remind you that the contest rules require at least three exchanges on our DEX with changes in the slippage tolerance and the number of tokens. We noticed that not all participants have paid attention to this point.
Thank you all for participating, and good luck!🍀
More than 200 users are already interacting with our DEX demo.
We thank everyone who is sharing feedback on the platform; many even record videos for us!
It is only thanks to you that we can eliminate all the imperfections with the platform, and provide our users with the most convenient platform for exchanging tokens.
That said, we want to remind you that the contest rules require at least three exchanges on our DEX with changes in the slippage tolerance and the number of tokens. We noticed that not all participants have paid attention to this point.
Thank you all for participating, and good luck!🍀
🕊18🔥9👌7❤3
We have received the following feedback in our chat:
"So far your strategy is very good; not rushing to claim to be “first” but making sure everything is professional. From 3 DEX this is the only one which explains things to visitors of the site. Education is important. Hopefully you’ll retain that when updating the site and at least include it in the menu. Also everything there actually works unlike other two which display things that don’t work and especially one is using the main site as a work in progress testing ground where buttons and menus don’t work yet. So we’ll see in the weeks ahead how you all develop! And I wish all three the very best and we’ll continue to give honest feedback"
Thank you for your kind words! We are working hard on the next stage of our demo, roadmap, white paper (with tokenomics revealed), API and many other important things. Stay tuned!
"So far your strategy is very good; not rushing to claim to be “first” but making sure everything is professional. From 3 DEX this is the only one which explains things to visitors of the site. Education is important. Hopefully you’ll retain that when updating the site and at least include it in the menu. Also everything there actually works unlike other two which display things that don’t work and especially one is using the main site as a work in progress testing ground where buttons and menus don’t work yet. So we’ll see in the weeks ahead how you all develop! And I wish all three the very best and we’ll continue to give honest feedback"
Thank you for your kind words! We are working hard on the next stage of our demo, roadmap, white paper (with tokenomics revealed), API and many other important things. Stay tuned!
❤🔥25👍13🔥2👎1
The End of Demo Contest
Dear users,
Our Contest has come to its end. Soon we will publish the results.
Thanks a lot for participating and stay tuned for further announcements!
We go on working and preparing for the next stages🔥
Dear users,
Our Contest has come to its end. Soon we will publish the results.
Thanks a lot for participating and stay tuned for further announcements!
We go on working and preparing for the next stages🔥
🔥21🕊9❤6👍4🐳4❤🔥3👎3
STON.fi Founder to Speak at F2F in Crypto Community Meeting
Our project's founder Mikhail Fedorov will participate as a special guest in the Founders to Founders offline community meeting in Yerevan.
One of the topics of discussion will be the role of DEX in the crypto ecosystem.
By the way, the TegroFinance team has launched DEX in testnet! We support such actions aimed at developing DeFi in TON.
Our project's founder Mikhail Fedorov will participate as a special guest in the Founders to Founders offline community meeting in Yerevan.
One of the topics of discussion will be the role of DEX in the crypto ecosystem.
By the way, the TegroFinance team has launched DEX in testnet! We support such actions aimed at developing DeFi in TON.
🔥22👍6❤🔥3👏2🐳2
STON.fi's advantages as a DEX
STON.fi is a DEX. And we believe that a DEX is the only proper method of operating trades on a blockchain.
One of the main advantages of blockchain technology is decentralization (although there are some centralized blockchains and cryptocurrencies). And only this approach allows anyone free access to their assets and independence from the mood, regulations, and rules of third parties, such as the centralized exchanges or companies managed by the centralized blockchains.
The main advantage of decentralization is no control from any third party and, consequently, independence in dealing with your assets. In contrast, the assets of those who trade on the centralized exchanges are controlled by those exchanges.
With the decentralized exchanges, such as STON.fi, there is no special control system and you are the sole owner of your assets. But the risk is also on you alone. We’ll talk about this later.
Stay tuned!
STON.fi is a DEX. And we believe that a DEX is the only proper method of operating trades on a blockchain.
One of the main advantages of blockchain technology is decentralization (although there are some centralized blockchains and cryptocurrencies). And only this approach allows anyone free access to their assets and independence from the mood, regulations, and rules of third parties, such as the centralized exchanges or companies managed by the centralized blockchains.
The main advantage of decentralization is no control from any third party and, consequently, independence in dealing with your assets. In contrast, the assets of those who trade on the centralized exchanges are controlled by those exchanges.
With the decentralized exchanges, such as STON.fi, there is no special control system and you are the sole owner of your assets. But the risk is also on you alone. We’ll talk about this later.
Stay tuned!
👍28
STON.fi demo contest results
The demo contest has been successfully completed and we have summarised the results.
There are no errors on the blockchain and smartcontract side, but there were some UI bugs that will be corrected.
106 people who reached all contest rules (at least 3 exchanges with different parameters) will get NFT and 1 TON as a compensation for commissions paid, as we promised.
We also randomly chose 30 winners, who will receive 10 TON each.
You can see the list of addresses by clicking here.
NFTs and TONs will be sent out soon, we thank you for your patience.
Thank you all for participating and we look forward to seeing you at the next stages of our product development!
And do not forget that you can ask any questions in our chat or just communicate with us and each other 🙂
The demo contest has been successfully completed and we have summarised the results.
There are no errors on the blockchain and smartcontract side, but there were some UI bugs that will be corrected.
106 people who reached all contest rules (at least 3 exchanges with different parameters) will get NFT and 1 TON as a compensation for commissions paid, as we promised.
We also randomly chose 30 winners, who will receive 10 TON each.
You can see the list of addresses by clicking here.
NFTs and TONs will be sent out soon, we thank you for your patience.
Thank you all for participating and we look forward to seeing you at the next stages of our product development!
And do not forget that you can ask any questions in our chat or just communicate with us and each other 🙂
🤩19❤🔥6👍5🔥5
Alternative logos/mascots contest for STON.fi
We are announcing a new contest to show your creativity and design skills!
The task is to create an alternative logo or a mascot for our project. Winning logos/mascots will be used by STON.fi on the project platforms.
❗️Please subscribe to our official Telegram channel https://xn--r1a.website/stonfidex in order to be eligible to take part in the contest.
Instructions:
1. Participants design an alternative logo or a mascot for STON.fi and mint it on the GetGems marketplace as an NFT (instructions). Please do not put an NFT for sale at this stage!
2. Participants send a link to the minted NFT at Getgems using our bot.
3. The STON.fi team chooses three best designs, which will be awarded:
1st place - 300 Toncoin
2nd place - 150 Toncoin
3rd place - 75 Toncoin
4. We will contact the winners and purchase their works on the Getgems marketplace at the above mentioned prices. GetGems commissions will be paid by STON.fi.
No plagiarism, photos, foul language, pornography, drugs, or any third party trademarks are allowed.
Contest will be held from August 2, 2022 to August 31, 2022.
Good luck to you all!🍀
We are announcing a new contest to show your creativity and design skills!
The task is to create an alternative logo or a mascot for our project. Winning logos/mascots will be used by STON.fi on the project platforms.
❗️Please subscribe to our official Telegram channel https://xn--r1a.website/stonfidex in order to be eligible to take part in the contest.
Instructions:
1. Participants design an alternative logo or a mascot for STON.fi and mint it on the GetGems marketplace as an NFT (instructions). Please do not put an NFT for sale at this stage!
2. Participants send a link to the minted NFT at Getgems using our bot.
3. The STON.fi team chooses three best designs, which will be awarded:
1st place - 300 Toncoin
2nd place - 150 Toncoin
3rd place - 75 Toncoin
4. We will contact the winners and purchase their works on the Getgems marketplace at the above mentioned prices. GetGems commissions will be paid by STON.fi.
No plagiarism, photos, foul language, pornography, drugs, or any third party trademarks are allowed.
Contest will be held from August 2, 2022 to August 31, 2022.
Good luck to you all!🍀
🔥51👍46❤🔥9❤8🥰5🌭4👎3💩2👏1😍1
TON Cross-chain Roadmap
The Open Network channel has just published the roadmap of bridges for altcoins and NFTs.
In Q3 2022 - 2023, we are expecting to see the functionality of transfers of any tokens from EVM-compatible blockchains to TON and back.
All operations will occur only through smart contacts without any intermediaries.
This is a very important news for TON and especially for DeFi on The Open Network that cannot be imagined without tokens from other blockchains.
As a DEX, we are interested in providing opportunities for operations with a large scale of jettons.
Although, there are several tokens already built on TON, we are sure that everyone would be glad to see ETH, MATIC, BNB and others on TON.
We are looking forward to seeing these cross-chain solutions!
P.S. Do not forget to enter our chat, we are willing to make it the center of DeFi discussions on TON. Soon it will become more active!
Have a nice weekend!
The Open Network channel has just published the roadmap of bridges for altcoins and NFTs.
In Q3 2022 - 2023, we are expecting to see the functionality of transfers of any tokens from EVM-compatible blockchains to TON and back.
All operations will occur only through smart contacts without any intermediaries.
This is a very important news for TON and especially for DeFi on The Open Network that cannot be imagined without tokens from other blockchains.
As a DEX, we are interested in providing opportunities for operations with a large scale of jettons.
Although, there are several tokens already built on TON, we are sure that everyone would be glad to see ETH, MATIC, BNB and others on TON.
We are looking forward to seeing these cross-chain solutions!
P.S. Do not forget to enter our chat, we are willing to make it the center of DeFi discussions on TON. Soon it will become more active!
Have a nice weekend!
👏19🐳6❤5🤮4👍2🔥2
Logo/mascot Contest Continues
We would like to remind you that you can still participate in our logo/mascot contest! We have already received several works and are waiting for yours.
Do not miss a chance to win Toncoin prizes and become an author of the official logo/mascot of our project.
We are also very glad that very few people sell our NFTs received after the Demo-contest.
What are the collections with biggest floor price you say?🔥
We would like to remind you that you can still participate in our logo/mascot contest! We have already received several works and are waiting for yours.
Do not miss a chance to win Toncoin prizes and become an author of the official logo/mascot of our project.
We are also very glad that very few people sell our NFTs received after the Demo-contest.
What are the collections with biggest floor price you say?🔥
🤯16🔥3🥰2👏1