Matrixport Institutional Custody Platform Partners With TON

We are happy to announce that the Matrixport blockchain platform, which includes the leading full-suite derivatives exchange Bit.com, will be partnering with The Open Network in several areas to form a strategic partnership to develop, enhance and expand the TON Ecosystem.

The platform will be utilizing its trusted security partner, Cactus Custody, to support TON's native token custody.

Bit.com listed TON in early January 2022, and will also be supporting the TON native token deposit and withdrawal on its platform.

The partners will also be exploring the possibility of adding TON on the Matrixport as well as bit.com’s savings product in the near future.

Toya Zhang, Chief Marketing Officer of bit.com says:

“After learning about TON’s history and roadmap, as well as observing the performance of TON after bit.com’s listing. We are convinced about TON’s potential.

Bit.com and Matrixport have a rich variety of product offerings including trading tools and asset management tools, we are very happy to work with TON and would like to embrace TON in our various products.”

Matrixport is the first world’s leading CeFi platform that holds over $10 billion of client assets under management and custody with over $5 billion in monthly transactions across all product lines.

Trading volume-wise, bit.com is the second-largest in the BTC and ETH options market.

Hi, everyone! As you all know, institutional custody platform Matrixport and the TON network have become official partners. At the end of this week, we’ll be hosting an AMA with Toya Zhang, chief marketing officer of cryptocurrency exchange Bit.com — a subsidiary of Matrixport’s holding.

If you have questions for Zhang, submit them in the comments section.

We’ll select the most interesting questions and ask Zhang to answer them during the AMA.

​The TON Wallet extension has been updated for Google Chrome.

The TON Wallet Google Chrome extension has received an update to V3, which increases its security and privacy. (We published a post about this a little while ago.)

The developers have also fixed some bugs and introduced new improvements to the user experience in this update.

It’s important to note that other wallet extensions, such as MetaMask, have run into significant problems in their transition to a new format and, consequently, are forced to continue using older versions.

The TON Wallet extension is a convenient product where you can store your Toncoin and use decentralized applications.

However, the extension will be capable of so much more soon; it’s going to be the gateway to the decentralized Web3 internet and allow your browser to interact with TON DNS, TON Proxy, and TON Sites.

We’d like to extend a special thank you to the developers zavtramen, neverthirty, sergeiivankov, D2Phoenix, and futpib for their work on the update on GitHub.

Announcing an AMA with the CMO of the Bit.com exchange.

As you’re well aware, TON and institutional custody platform Matrixport have officially announced their partnership.

On March 14 at 14:00 GMT+3, TON will host an AMA with Toya Zhang, chief marketing officer of Bit.com — a subsidiary of Matrixport.

The AMA will be held in the community’s English chat here: https://xn--r1a.website/toncoin_chat

If you have questions about the TON–Matrixport partnership, you can submit them in the comments of this post.

We’ll select the best questions and ask Toya to answer them.

Completion of the fungible tokens standard

We invite developers to join us for the completion of the standard and the implemention of TON fungible tokens (called jettons).

If you have specific suggestions for an improvement - you can comment on the current draft.

Please note that any flood, offtopic and messages that do not make sense will be deleted and their authors will be banned forever.

Starting an open discussion surrounding a fungible token standard.

The TON Foundation is inviting developers and specialists to participate in the final stages of completing the fungible token standard for The Open Network.

If you have suggestions or recommendations that would improve the current draft, share them with the core developers on GitHub:
https://github.com/ton-blockchain/TIPs/issues/74

Please note:

Any comments unrelated to the discussion will be deleted and their authors will be blocked. If you’re not a developer or specialist in this field, please refrain from posting comments.

Royalty structure for TON-based NFTs

The CAT Telegram channel has published an article on the royalty structure of NFTs based on the TON blockchain. More specifically, the article looks at what payment options the developers are considering and their conclusion, among other things.

Read the full article here.

We would like to remind you of the today’s AMA with Toya Zhang, chief marketing officer of Bit.com — a subsidiary of Matrixport, that starts today at 14:00 GMT+3.

The AMA will be held in the community’s English chat here: https://xn--r1a.website/toncoin_chat

Join us and ask your questions about the TON–Matrixport partnership. The most interesting questions selected by Toya will be given trading fee coupons at Bit.com, worth 15 USDT each.

​TON Community Weekly Digest

Here’s a roundup of the ecosystem’s most exciting news from the past seven days.

News:

— ​​Institutional custody platform Matrixport and TON became partners.

— The first Toncoin farming pool was launched.

— The number of subscribers to our English TON Community channel surpassed 100,000.

— A discussion was opened to establish a fungible token standard on the TON blockchain.

— We hosted an AMA with the chief marketing officer of the Bit.com crypto exchange.

— ​​The TON Wallet extension received an update for Google Chrome.

Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!

Over 200,000 people now follow Toncoin on CoinMarketCap.

Over the last two weeks, more than 50,000 people have added Toncoin to “Favorites” on CoinMarketCap.

We’d like to thank everyone who’s added Toncoin to “Favorites” on CoinMarketCap and CoinGecko. Thanks to all of you, TON and Toncoin are getting the recognition they deserve.

Toncoin has been integrated with the ivendPay.com payments system.

IvendPay is a payments system that lets people pay for goods and services in crypto at everyday places: stores, vending machines, and any point-of-sale terminal.

To make a payment in crypto, all the user has to do is open their crypto wallet and scan the QR code in the payments terminal, which will automatically prompt the payment process.

The ivendPay team demonstrated a few different ways of how Toncoin can be used in the real world during the WOW Summit Dubai, one of the world’s biggest blockchain events dedicated to decentralized finance and Web3 technologies.

Currently, ivendPay works with over 300 point-of-sale terminals in Hong Kong, Singapore, Malaysia, Germany, and Mexico.

We wish the ivendPay team nothing but the best in its future endeavors and encourage all our subscribers to get acquainted with ivendPay’s services by watching the video we’ve attached here.

​​Where to buy Toncoin.

It can be confusing at times where to buy a specific cryptocurrency because it might only be listed on a couple of exchanges. Therefore, we’ve compiled a short guide for you on the different ways to buy Toncoin.

In the Telegram app:

— The @wallet Telegram bot: It accepts crypto and bank cards for payments.

With your bank card in these crypto apps:

— Mercuryo: A convenient way to buy Toncoin with a bank card. (See instructions.)
— Neocrypto: Another easy-to-use app where you can buy Toncoin with a bank card.

On decentralized exchanges (DEX):

— Uniswap: Swap for Toncoin on the world’s biggest DEX. (See instructions.)
— PancakeSwap: The most popular DEX protocol on Binance Smart Chain.
— Biswap: One of the biggest DEX platforms.

On centralized exchanges (CEX):

— Crypto exchange FTX: The Toncoin/USD pair is available for spot trading and perpetual futures contracts.
— Crypto exchange OKX: Trading is available in the Toncoin/USDT pair.
— Crypto exchange EXMO: Trading is available in the Toncoin/USDT and Toncoin/BTC pairs.
— The Bit.com crypto exchange: Spot trading is available in the Toncoin/USDT pair.

You can find more ways to buy Toncoin and other cryptocurrencies in the “Toncoin” section on the official website.

Our AMA with Toya Zhang.

On March 14, we had an AMA in our English TON Community chat with Toya Zhang, chief marketing officer of the Bit.com crypto exchange, which is a subsidiary of institutional custody platform Matrixport.

If you were unable to join us live, you can catch up right now.

The AMA starts from this message in the chat:
https://xn--r1a.website/toncoin_chat/36795

Toya discussed Toncoin’s potential, shared her thoughts on the work the TON Foundation has done so far, and told us about the future plans of the partnership between TON and Matrixport.

TON’s Suite of Services

With a suite of services that can power an entirely decentralized system, TON is laying the foundation for the new internet.

• TON’s first layer is an infinitely scalable proof-of-stake network that is able to support any amount of transactions it is asked to complete.

• TON Services allows developers to build dApps with accessible interfaces.

• TON Payments will be a revolutionary way for instant micropayments to be made among users, bots, and other services in an off-chain manner.

• TON Proxy is an upcoming decentralized VPN that allows users to explore the internet anonymously and securely.

• TON DNS ascribes naming services to accounts, nodes, and other aspects of the network through smart contracts, making the user interface simple and accessible.

• TON Storage will be a decentralized cloud storage platform that allows users to back up their data without it being privy to a central authority. Through all of these services, TON is laying the foundation for a one-stop decentralized internet.

Learn more here.

The ton.org website has been updated.

Since the beginning of the year, the TON project has experienced significant growth. The number of wallet addresses has increased by three times, and the total number of followers on TON social media platforms has reached 1.6 million people.

The Open Network is becoming a true blockchain for the masses, and today, we’re excited to unveil the new ton.org site.

The updated site has a sleeker interface, making it easier to navigate, and it shares more information on the project’s history and philosophy.

The website will constantly update its content and will soon translate into other languages.

If you find mistakes or inaccuracies, please send them to our feedback bot: @TonOrgBot

TON Community Weekly Digest

Here’s a roundup of the ecosystem’s most exciting news from the past seven days.

Network stats update:

— The number of new accounts created on TON from March 14 to 20 grew from 344,816 to 359,734 (+4.3%).

News:

— TON’s official ton.org site got a big update.

— We hosted an AMA with Toya Zhang, chief marketing officer of Bit.com.

— The number of Toncoin followers on CoinMarketCap has surpassed 200,000 people.

— Toncoin was integrated into the ivendPay.com payments system.

— The source code for the tonscan.org explorer was made open-source, and some new functions were added.

— A new update for the Tonmoon Explorer was released.

Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!

A major programming competition hosted by CodeForces.

We’re excited to announce the start of CodeTON, a competition for programmers co-hosted by CodeForces and the TON Foundation.

The first round begins this Thursday, March 24, at 17:35 (GMT +3), and the main prize pool is a cool 13,000 Toncoin, which will be distributed to the 1,000 best participants.

Registration is open to everyone: https://codeforces.com/blog/entry/101056

CodeForces is a well-known platform where tens of thousands of deeply experienced programmers worldwide compete in various competitions at the highest level.

​Update on U.S. Cryptocurrency Regulation

2022 began with high expectations that the United States government would put some sort of legal structure around cryptocurrency into place. At the end of last year, Congress met in a session with key members of the crypto community to discuss the best ways to go about a regulatory framework. Now, on March 9, President Biden issued the “Executive Order on Ensuring Responsible Development of Digital Assets.”

• The order does not outline any current rules but calls for the government to examine the issue of cryptocurrency and develop further rules.

• The focuses of the order include consumer and investor protection, financial stability, and illicit activity.

• Biden also called for further research to be done into a CBDC digital dollar.

The order generally holds a positive tone, as it displays cryptocurrency as an important market in which the U.S. “must maintain technological leadership in this rapidly growing space.” As the U.S. is host to the majority of Bitcoin mining and is the home of many of the top centralized exchanges, the ramifications of any regulations that are imposed will be felt worldwide.

Toncoin is now listed on the Bit2Me crypto exchange.

It’s currently available in the Bit2Me wallet and on the Bit2Me platform.

Bit2Me is one of the biggest crypto exchanges in Southern Europe, serving people from over 100 countries, including Spain, Italy, Portugal, Latin America, Canada, and South Africa.

In February, Bit2Me became the first crypto organization in the world to be registered with the Bank of Spain as a provider of digital currency exchange for fiat currency and wallet custody services.

The platform is often the preferred choice for Spanish-speaking crypto investors, and its user base has surpassed 1 million.

In light of this new partnership with TON, the Bit2Me crypto exchange plans to publish educational materials and videos on Toncoin.

We’re happy to see Toncoin added to yet another prominent crypto exchange in Europe. Congratulations to Toncoin, and here’s to the TON Community!

A new contest for developers.

Yesterday, CodeForces initiated the first phase of the CodeTON contest, in which over 11,000 programmers are participating.

Today, however, we’re announcing the TON Smart Challenge, a new competition for developers with a total prize pool of 17,777 Toncoin.

Participants are to optimize five smart contracts in FunC, the programming language for the TON blockchain, about which the TON Foundation wrote in detail for this article.

The TON Smart Challenge kicks off on March 28. For more details, follow the link to the event’s website: https://ton.org/contest

Rules for digital safety.

The Open Network ecosystem has continued to expand, and new projects have been sprouting up practically every day.

There’s nothing we love more than seeing new passionate teams joining the fray and developing products on TON; however, when a network experiences this kind of exponential growth, there will be some side effects.

Such network growth inevitably attracts the attention of scammers and bad actors, who prey on inexperienced blockchain users. Therefore, today, we want to talk about some digital safety rules.

So, we recommend reading the rules below.

Rule #1: NFTs.

Be careful when buying NFTs on TON. There is already a wide variety of collections available, but it’s important to keep in mind that many of them are overpriced.

Rule #2: Store your seed phrase properly.

Remember: If you lose your 24-word seed phrase, you’ll lose access to your wallet and crypto forever.

Write down your seed phrase on a piece of paper and keep it in a reliable and safe place. Never keep a screenshot of your seed phrase on your mobile phone or in a text file on your computer.

In short, never store your seed phrase on a device connected to the internet.

It’s also worth reading our guide, “Where can I store Toncoin?”

Rule #3: Go over the instruction guides on crypto exchanges.

If you want to make a transaction, but you’ve never made one, the first transaction should contain the minimal amount — e.g., 0.5 Toncoin — as a test run to ensure you understand how everything works.

Remember: There are many instances when the technical support of crypto exchanges will be unable to help you if something goes wrong with a transaction.

Rule #4: The TON Apps suite has changed its concept.

We’d like to remind aspiring teams that the application process for listing a project in the TON Apps suite has become significantly more straightforward. Now, teams go through a streamlined verification process instead of a long and thorough check.

Therefore, even if a project is listed in the TON Apps suite, there’s still no safety guarantee.

Rule #5: Do not trust unfamiliar teams.

This rule applies to mining pools, staking pools, NFT projects, and any project that promises high returns.

Be skeptical before investing your money when people or projects make promises of exorbitantly high returns. Try to find mentions of the project in official TON resources.

If you’re having trouble finding mentions of a specific project, you should proceed carefully because it may carry higher risks, and we recommend “DYOR” — do your own research.

We ask that you follow these simple rules and trust only official sources of information.