TON’s core Launchpad platform, TonUP, announced that it will launch the first lossless lottery project on TON called TonTogether through the launchpool. The TonTogether team will donate 1% of the total supply of $TOT to TonUP, which will be distributed to community members who stake $UP tokens through the launchpool.
TonTogether is the first project funded by TonUP grants and is the first lossless lottery implemented on the TON blockchain. Participants have the chance to win a jackpot funded by the interest generated from their deposits, ensuring that all participants have the opportunity to win while keeping their original deposits.
The initial supply and distribution of the $TOT token are as follows: 2% of the initial supply of $TOT will be distributed, with 1% allocated to $UP stakers through the launchpool and the remaining 1% used for liquidity.
Half of TonTogether’s Total Value Locked (TVL) will be distributed as rewards to lucky winners. This is one of the main attractions of the lossless lottery protocol, providing users with the opportunity to win significant rewards. Additionally, 30% of the TVL will be allocated to the treasury to support the value of $TOT, 19% will be used for the liquidity pool (repurchases and liquidity formation), and the remaining 1% will be distributed to the TonTogether team.
TonTogether emphasizes its commitment to a fair launch. The launchpool for $TOT will be available to all community members who hold $UP tokens, ensuring fairness without investor priority, pre-mining, or team reservation. Community members can earn $TOT by staking $UP tokens and can unstake at any time.
Details of $TOT token distribution:
$UP token deposit period: January 10th 12:00 PM UTC – February 9th 12:00 PM UTC (users can stake and unstake at any time)
Total supply of $TOT: 10 billion tokens. 1% of the supply, which is 100 million tokens, will be distributed through staking in the TonUP Launchpool. This quantity aims to ensure sufficient token supply to meet market demand while limiting the supply to maintain the token’s value.
Disclaimer: This article is a sponsored post written and provided by TonUP and does not represent the views or investment advice of the platform. Please refer to the end of the article for the disclaimer.