6 projects growing on the TON blockchain

The most talked about topic in crypto in recent months has been the expansion of the Open Network (TON) blockchain and its native Toncoin.

In the beginning, Developed by the eponymous messaging app in 2018, Ton is described as a platform for decentralized applications and services.

Tone's connection to the Telegram messaging app helps attract the latter's audience, and with a simple connection process, it's easy for Telegram users to start exploring Tone's blockchain.

Another important aspect is the Ton Foundation's focus on building a strong ecosystem. Grants and tons of open leagues provide incentives for apps to develop blockchain.

In recent months, blockchain has seen significant growth due to the emergence of several viral applications based on the network. Here are some of the most popular ones:

Dedust

DeDust launched in November 2022 as a decentralized currency as an Invulnerable Token (NFF) marketplace and has since expanded. Today, the project has become a full-fledged exchange platform where users can exchange cryptocurrencies and earn liquid income from tokens. Currently, DeDust is one of the largest decentralized applications in the Ton ecosystem with a daily transaction volume of $30.5 million. Users can exchange assets through an easy-to-use exchange interface after connecting to a compatible toon wallet such as toonkeeper, toonhub or others. The exchange process is simple and does not require any additional licenses or permits. Other useful features include a decentralized portfolio tracker that keeps track of assets stored in users' wallets. DeDust offers passive income opportunities by issuing its own token called SCALE, where users can earn platform commission payments. SCALE's one-way staking program offers a daily reward that depends on the amount of stake tokens and the amount of payments received on the exchange. SCALE maintains the stock program by repurchasing SCALE and distributing it to participants using the proceeds from the protocol. SCALE can be traded on Dedust, STON.fi and BingX.

Notcoin

Notecoin was first launched in November 2023 and quickly gained popularity. In the year By May 2024, Notcoin was officially listed on multiple centralized exchanges after distributing more than 80 billion tokens to users and achieving a market capitalization of more than $900 million. Since then, its market capitalization has reached a high of $2.8 billion. As of July 2024, the project has attracted more than 30 million users. NotCoin rewards players for completing tasks, which mainly involve clicking on-screen game questions and a points system. Players can also increase their earnings by inviting their friends to the game, regularly logging into the app, and joining groups. Vincent Malipard, director of marketing at analytics platform IntoTheBlock, told Cointelegraph: “I personally tested the game and found it to be an innovative and engaging way to attract new users to the crypto space. The tap-to-earn model is simple yet addictive, allowing users to earn in-game currency that can be converted into real tokens on the TON blockchain.

tonsures

Tonstackers is a leading protocol and open source decentralized liquidity platform for inclusion in the TON network – a very popular trend for traders on decentralized financial platforms. Liquid staking is the process by which a user locks in a “base” token and in return receives an initial liquid staking token, which can then be traded on secondary markets. It is an income generating symbol that accumulates rewards over time based on the applicable average percentage yield.

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This allows holders to withdraw from the program with more Toncoins than they initially deposited. The token can be exchanged for other assets or used for transactions on supported platforms such as loans, stocks and liquidity.Tonstakers offer over 3% annual returns on tsTON. According to the platform, more than 71,000 Ton Token owners hold assets worth more than $260 million in total.

Hamster Kombat

Hamster Kombat is one of the most popular clicker games to earn tons. Created by Notcoin and launched in March 2024, Hamster Kombat has grown in popularity exponentially since its launch, with a large community of millions of social media followers.

Players earn tokens by clicking on the anthropomorphic “Hamster CEO.” The game features clicker functions that reward users with points and leaderboard rankings. Gameplay involves repeatedly clicking on the hamster and gaining points, but as players click, the hamster's energy is depleting. Players can increase their earnings by inviting friends, participating in social events, and using additional features such as daily alliances and in-game upgrades. Hamster Kombat game has invulnerable tokens with which players can exchange NFTs for their hamster characters.

Wallet

Telegram Wallet, simply called “Wallet”, is a backup cryptocurrency wallet that integrates directly with the Telegram messaging app. To set it up, users search for “@wallet” in the Telegram app and then follow the bot's instructions. After the configuration is complete, it will appear on the main column of Telegram along with other settings.

Users can send and receive crypto, exchange crypto through their bank card and peer-to-peer marketplace. A key feature of the wallet is commission-free instant money transfer between Telegram users. The wallet is implemented as a bot in Telegram; Users only need an account to access it.

Ton domains

With Ton's Domain Name Service (DNS), each user of the Ton ecosystem can register their own unique domain name. Domains can be used as nicknames in the Ton blockchain, which will be harder to remember than regular wallet addresses. Websites or smart contracts can be bound to a domain.

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To register a domain, users must come up with a word and bid to start an auction. After the auction, the auction will last for one hour. If no one makes a second bid after one hour, the user has the right to the domain. The starting bid amount depends on whether there is active bidding for the selected domain, as well as the volume and demand of the term. Each new bid is 5% higher than the previous bid. TonDNS has several advantages over traditional DNS services, with the latter where users rent a domain name from a centralized business. TonDNS is a fully decentralized domain name system. No administrator can block a user's domain.