Analyzing Bitget's new Launchpad project: TonUP (UP) built on the token network
Author: Luojia Micro
What is TonUP (UP)?
++TonUP++ is a Launchpad on the Telegram Open Network (TON). It was created to address the asset gap within TON and provide a supportive environment for new projects to successfully take off.
TonUP chose to build on the Telegram Open Network based on a deep understanding of TON's potential and unique advantages. TON is a high-performance Proof of Stake (PoS) public blockchain initially proposed by the Telegram team. TON is dedicated to supporting large-scale applications, adhering to the principles of decentralization, freedom, and openness.
The technical structure of TON, which employs the low-level FunC programming language and advanced sharding technology, provides significant advantages for TonUP. This allows for outstanding performance in transaction speed (TPS), unencumbered by the constraints faced by other blockchain networks. The success of TON is evident, with over 3 million active wallet addresses and a thriving ecosystem.
How TonUP (UP) Works
TonUP serves as a launchpad for promising projects on TON, aiming to fill the asset gap and provide strong support for the crypto community. In addition to offering regular IDO services, the platform has introduced a new concept—the Community Protection Program (CPP)—to safeguard the interests of IDO community members.
The CPP consists of two key components: the Liquidity Supervision Program and the Price Protection Program. Projects participating in the Liquidity Supervision Program commit to allocating a significant portion of their fundraising amount to create liquidity pools on DEX, which are jointly supervised by TonUP through multi-signature. This ensures the quality of the projects and protects the community when the projects launch.
The Price Protection Program sets a minimum price protection, providing a safety net for the token price during a specific period after the project launch. TonUP also supervises a portion of the fundraising amount within this program, offering an additional layer of security for investors.
TonUP is designed for a diverse audience within the crypto space. For project developers, it provides a secure and supportive launchpad, including market services and community-building initiatives. Both mature and new projects can leverage TonUP's expertise to enhance their visibility, reputation, and community engagement.
On the other hand, TonUP caters to crypto enthusiasts and investors looking for promising projects within the TON ecosystem. The Community Protection Program ensures a rare level of security and transparency in the crypto space, promoting a community-driven decision-making approach.
UP Launching on Bitget Launchpad
As TON continues to attract attention and stimulate growth, TonUP stands at the forefront, building a bridge for promising projects, the crypto community, and the decentralized future on the Telegram Open Network. The UP token is not only a utility tool but also a symbol of shared ownership and commitment to the collective success of the TonUP ecosystem.
Dive into the TonUP ecosystem—get UP on the Bitget Launchpad from 2 PM on December 17 to 2 PM on December 20 (UTC+8)!
How to Get UP on Bitget Launchpad
Step 1: Go to the TonUP (UP) Launchpad page.
Step 2: Click "Register" to enter the IEO and win a lottery ticket for the selected project. Make sure to mark the IEO schedule on your calendar to ensure you don’t miss any time slots.
Step 3: During the snapshot period from 2 PM on December 17 to 2 PM on December 20 (UTC+8), accumulate BGB in your asset account.
Step 4: Return to the Launchpad page at the designated time to check if you hold any winning lottery tickets.
Step 5: During the commitment period, if you hold a winning ticket, exchange your BGB tokens for IEO tokens. Even if you do not win any tickets, you can still receive new tokens as a proportional compensation reward based on the total number of tickets you hold.
The future of TonUP is bright, and its unique positioning within the TON ecosystem drives its development. The launch of the UP token and the upcoming TonUP DAO make the platform not just a launchpad but a dynamic force leading the growth of TON.
TonUP's commitment to community protection, embodied in the CPP, sets a new standard for security and transparency in the crypto space. By integrating community values into the core operations of TonUP, trust is established, laying the foundation for sustainable long-term success.
Disclaimer: The views expressed in this article are for informational purposes only. This article does not constitute endorsement of any products or services discussed, nor does it provide investment, financial, or trading advice. Consult qualified professionals before making financial decisions.
