Must-See Guide: Dive into the TON Ecosystem and Quickly Capture Early Benefits
Author: Biteye Core Contributor Viee
Editor: Biteye Core Contributor Crush
Have you started FOMO TON? These days, the black and white dog MEME is going viral, and people are showing off their points, thinking the bull market has returned.
Today, Biteye will teach you how to play in the TON ecosystem and seize potential airdrop opportunities.
We have organized this Thread into a mind map, feel free to take it if you need.
01 Wallet Introduction
The first step to participate in the TON ecosystem is to use a wallet. Currently, there are 49 wallets that support the TON chain.
Here are two of the most popular ones: Wallet, TON Space
Wallet
Wallet is a centralized custodial wallet native to Telegram, somewhat similar to WeChat Wallet embedded in WeChat settings. Users can directly use Wallet for token exchanges. Wallet supports users to deposit funds via P2P or bank cards.
TON Space
TON Space is a self-custodial wallet based on Telegram launched by the TON Foundation. It is embedded in Telegram and can be accessed through Ton Space in Wallet. Users can directly connect to TON Space from TON-based dApps. In addition to mnemonic seed phrases, wallets can also be recovered via email and Telegram accounts.
Once you complete this step, congratulations! You can enjoy the TON ecosystem!
Additionally, you can recently interact with 40 TON ecosystem projects like Catizen, Cat Gold Miner, STON.fi, Tomarket, etc., in the Bitget wallet with 0 gas fees, and have a chance to share a $1 million reward.
Details:
https://web3.bitget.com/zh-CN/tonnect-2024
02 Token Related
In terms of market capitalization, $TON is $18 billion, and $SOL is $66 billion. If $TON can take off like $SOL and become an Ethereum killer, there is still 3.7 times the potential.
$NOT has a market cap of $1.6 billion, ranking as the second coin on the TON chain, already in the top 50, and quite popular. The TON ecosystem is still not very mature, and there aren't many other tokens worth investing in, so it's better to wait for good opportunities.
In summary, if you're interested in tokens, only $TON and $NOT are decent and are already listed.
03 DeFi
It must be said that the ever-changing public chains have solid DeFi gameplay, such as DEX, lending, staking, NFTs, etc.
A chain needs these platforms to have activity and capital flow, which can further create wealth myths.
The TON chain does not see large-scale leading projects migrating like Ethereum Layer 2, and the diversity of the DeFi ecosystem still has significant room for growth.
Here are a few DeFi projects:
Leading DeFi Project: Ston.fi (DEX) @ston_fi
Leading Lending Protocol: EVAAProtocol @evaaprotocol
Leading Stablecoin: Aqua @aquaprotocolxyz
Leading Staking: TonStakers @tonstakers
Leading Cross-chain Bridge: Orbit @Orbit_Chain
Leading Launchpad: Tonstarter @ton_starter
Leading NFT Platform: Getgems.io @getgemsdotio
You can also check the top ten DeFi projects on DefiLlama TVL, and the specific approach is to mine for arbitrage or to interact while ambushing airdrop opportunities.
04 Games
Games are the current trend of TON, with simple and easy games combined with one-click forwarding on Telegram, allowing games to spread in the most effective way.
A large number of game developers are flocking to TON, easily acquiring a substantial number of real users, making it a great opportunity.
Here are a few gameplay examples from TON chain games:
Catizen: Cat Synthesis Mini Game
Players manage a cat pet store, and customers will pay gold coins as a reward after petting the cats. These gold coins can be used to purchase new cats. Two cats of the same level can be combined to create a new breed of cat, which will also be one level higher than the originals. The player's task is to synthesize higher-level cats and earn more gold coins.
TG Link: https://t.me/catizenbot
Hamster Kombat: Hamster Battle
A Tap-to-Earn game where players click on hamsters (simulating the role of an exchange CEO) on their phone screens to earn gold coins. Players are encouraged to interact with the community to unlock more rewards and can also purchase upgrade cards to increase passive mining income.
TG Link: https://t.me/hamster_kombat_bot
Blum: Gamified Trading Platform
Founded by former Binance executives, players earn points through Farm and Drop games. Inviting new users grants Drop game tickets and additional points.
TG Link: https://t.me/BlumCryptoBot
Yescoin: Notcoin's Twin Brother
Very similar to Notcoin, it features a model of collecting coins and completing tasks, where players can collect tokens by swiping their screens.
TG Link: https://t.me/theYescoin_bot
Pixelverse: Cyber Style Battle
Users raise pet robots and click to battle (PVP and PVE modes), exploring different maps in the game center.
TG Link: https://t.me/pixelversexyzbot
These games can be found on the growth leaderboard of the TGStat website.
05 Tools / Data Platforms
Telegram Apps Center
An app store supported by the TON Foundation, projects need to be reviewed for inclusion, ensuring high security, and you can view weekly popular rankings.
Link: https://www.tapps.center/
TON App
A third-party TON App query platform.
Link: https://ton.app/
TGStat
A data analysis website for Telegram channels, where you can check the most subscribed channels on Telegram and their growth rankings to filter popular projects.
Link: https://tgstat.com/
TONStat
Includes key metrics for TON, updating TON network statistics daily, including total transaction volume, performance, total fees, etc.
Link: https://www.tonstat.com/
06 Development Background and Opportunities of the TON Chain
The development of the TON chain has been quite a journey.
In 2017, Telegram founders Pavel Durov and Nikolai Durov began developing the Telegram Open Network (TON) project, with the token named Gram.
In 2020, Telegram announced its withdrawal from the TON project, which was renamed "The Open Network," and the token name was changed to Toncoin.
In 2023, Telegram officially announced that the TON chain would be its preferred Web3 infrastructure, beginning application integration.
For example, the built-in wallet in Telegram and using TON for payments have greatly accelerated mass adoption.
Recently, the overall market has been pessimistic, but the TON chain's TVL has increased more than 20 times in just four months, currently surpassing $700 million.
The TON ecosystem is also gradually developing, covering various sectors such as CEX, DEX, wallets, NFTs, and games, as shown in the figure below.
Of course, compared to public chains like Ethereum and Solana, TON still has significant room for improvement. However, its intrinsic value cannot simply be measured by TVL; the genuine user base relying on the Telegram platform is a natural advantage that other public chains cannot match.
With the encouragement and promotion of the TON Foundation, the TON ecosystem has shown good development momentum, making it worthy of long-term attention and participation.