TON’s eco-leading Launchpad platform, TonUP, is set to launch the governance token $UP in its IDO (Initial Decentralized Exchange Offering) on December 20th. Will this bring about a new wave of wealth creation? This article will provide a detailed analysis from multiple perspectives.
Summary:
TON’s eco Launchpad platform, TonUP, completed a seed round of financing led by TONCoin Fund.
Table of Contents:
TonUP, the shining star of the TON ecosystem
Multiple top institutions invest, driving TonUP’s ecosystem development
TonUP performs well during the bear market this year
The huge potential of the TON ecosystem
The trend of Telegram Bots
The enormous potential of Telegram’s blockchain games
Supported by multiple mainstream cryptocurrency exchanges
Telegram’s native cryptocurrency wallet
In the cryptocurrency circle, subscribing to new tokens has always been a popular product among investors. Major exchanges such as Binance and OKEx have already launched dozens of projects with the potential for hundred-fold or even thousand-fold gains on their Launchpad platforms, becoming hot topics of user attention.
In the rapidly rising TON ecosystem, the largest Launchpad platform, TonUP, is about to launch the governance token $UP in its IDO on December 20th. Will this bring about a new wave of wealth creation? The following analysis will provide readers with multiple perspectives.
According to the tokenomics model officially announced by TonUP, the tokens distributed through IDO and centralized exchanges will account for 2.5% of the total supply. This time, 2.5 million tokens will be publicly sold (out of a total circulation of 100 million tokens).
Based on the exchange rate of 1 $UP = 0.05 $Toncoin, the sale price of one $UP is approximately $0.107 (Toncoin is approximately $2.15 as of the deadline). From this, we can estimate that the total market value of $UP will exceed $10 million.
Furthermore, according to the official tokenomics, up to 64.5% of the tokens will be directly invested in TonUP’s development and decentralized construction. Considering that strategic rounds and private rounds of financing usually have lock-up periods of several years (TonUP’s team has reserved 10.5% of the tokens for market promotion), the actual circulation of $UP will be much smaller, resulting in relatively less selling pressure on the token price in the future.
Taking a further look at its tokenomics model:
30% of $UP tokens will be directly invested in the decentralized governance framework DAO to mitigate the risks of centralization in project governance.
To encourage user participation in TonUP’s development, the team has reserved 15% of the tokens for community incentives.
For sustainable development, TonUP has reserved 10.5% of the tokens for market promotion.
Additionally, 4% of the tokens are allocated to ecological construction to further expand market share.
To address the current issue of insufficient liquidity in the TON ecosystem, TonUP has also allocated 5% of the tokens to promote asset circulation.
As a Launchpad, TonUP is supported by multiple top venture capital institutions.
Foresight Venture, the major investor of Bitget exchange and the successful acquirer of cryptocurrency news media The Block, led the seed round of financing for TonUP as early as October this year. Angel investors such as Waterdrip Capital and BitFund DAO also participated.
TonUP also received a strategic investment of a six-digit scale from TONcoin.Fund, a $250 million ecological fund under the TON Foundation, enabling it to have sufficient funds for ecological development.
After receiving early financing, TonUP launched Tap Fantasy, an MMORPG game that achieved excellent performance in the GameFi field on the Binance Smart Chain (BSC). The game raised $100,000 in startup capital in less than half an hour.
Once Tap Fantasy’s mini-game based on the Telegram platform was officially launched, the project’s token enabled IDO investors to earn over 100% profit, demonstrating its active energy even in the bear market.
Data source: TonUP official website
Now let’s talk about the development potential of the TON blockchain from a larger ecological perspective.
Based on the overall recovery of the cryptocurrency market, Telegram currently has 800 million monthly active users, providing strong support for the TON ecosystem.
In July this year, the popularity of Unibot triggered a wave of trading bots on Telegram. These bots can directly connect to users’ cryptocurrency wallets, facilitating various transactions and greatly simplifying the process of cryptocurrency trading. They enable users to buy, sell, and transfer within Telegram.
Game and metaverse development giant Animoca Brands announced its investment in TON Play, a game infrastructure project for the TON ecosystem, at the end of November. This investment aims to assist third-party game projects in building an ecosystem and become the largest validator in the TON blockchain.
Yat Siu, Co-founder and Chairman of Animoca Brands, commented:
TON has also received support from multiple mainstream exchanges.
MEXC Ventures, the investment department of MEXC, announced a strategy investment of up to eight digits in TON on October 4th. In addition to basic funding, MEXC has pledged to support Telegram mini-program ecology based on the TON blockchain, laying the groundwork for the potential combination of Telegram and TON as a SUPer App.
Bitget Wallet, the Web3 multi-chain wallet under Bitget (formerly BitKeep Wallet), announced its support for the TON mainnet on November 30th and made preparations for accessing TON and Telegram-based innovative products. Unlike Coin98, Bitget Wallet not only supports basic deposit and withdrawal functions but also plans to launch innovative features such as Telegram red packets and extension services such as a blockchain browser that supports TON Dapps.
Kucoin Venture, the investment department of Kucoin, announced on December 1st that it will provide funding to excellent Telegram mini-program projects based on the TON blockchain.
The aforementioned cryptocurrency exchanges are optimistic about the continuous development of the TON ecosystem, actively deploying basic ecosystem construction, asset allocation, Telegram mini-programs, and other areas.
During the Token 2049 event in Singapore this year, Telegram announced the launch of its self-hosted cryptocurrency wallet “TON Space” based on the TON blockchain. Starting from November, Telegram users worldwide, except those in the US and other strictly regulated regions, can directly use the cryptocurrency wallet within the application, opening the door to integrate the Web3 ecosystem.
Telegram founder Pavel Durov stated:
With its ecosystem applications, user base, and infrastructure, combined with the support from Telegram, the TON blockchain is expected to become the most prominent star in this bull market.
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Opinion article: Interpreting the history of The Open Network (TON): From a failure to a phoenix rebirth
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