What major announcements were made at the TON Community Annual Event held in Dubai?
In November 2023, under the Dubai sky, the TON Community’s annual event “The Gateway” took place as scheduled. This event served not only as a platform for technical exchange but also as a stage to showcase the future vision of the TON ecosystem.
On the agenda, topics such as building a Web3 ecosystem within Telegram, TON’s core development vision, and the direction of Web3 development within Telegram garnered widespread attention.
We will now use the details of this event as a starting point to introduce the current status of the TON project and its future plans.
At ‘The Gateway,’ an official representative presented the exclusive advantages and performance of the TON project
“At a recent meeting, Vivi, the head of the TON Ecological Foundation, revealed the progress and achievements that will be released in November for the TON project. She mentioned the Guinness World Record-breaking public livestream that allowed the world to witness the incredible TPS (Transactions Per Second) power of the TON ecosystem. Furthermore, TON is continuously opening up more API interfaces and exploring many new initiatives in various domains. Vivi also reviewed the challenging transformation over the past five years, showcasing TON’s development journey from its inception to the present.
Currently, TON’s account growth is stable: TON’s blockchain has over 3.5 million accounts, showing a 176% increase in the past 6 months. There are 810,000 daily active users on the blockchain, representing a 154% increase over the past half-year. Since January 2022, the daily new user count has been consistently around 5,000, indicating stable growth. TON aims to cover 30% of Telegram users and has a target of reaching 500 million users by 2028. There are 349 validators distributed across 25 countries, with nearly 500 million TON tokens staked, accounting for 10% of the total token supply and 14% of the circulating token supply.
In this context, we have every reason to explore the TON ecosystem and its development potential more deeply. Does it have the potential to become the next technological frontier, leading a new wave of technological innovation? That’s the answer we’re all looking forward to.”
Overview of TON: The Public Blockchain Ecosystem Backed by Telegram
First, let’s have a preliminary understanding of TON. In the digital age, Telegram is not just an instant messaging app; it’s also a social giant with hundreds of millions of users. Behind this, Telegram’s founders, the Durov brothers, are revealing a grander vision for us: TON. This is a multi-layered blockchain platform aimed at providing Telegram users with a decentralized internet ecosystem.
The launch of TON is not coincidental; it’s born out of the growing user demands. Its multi-layered blockchain structure ensures infinite scalability, capable of handling the needs of a massive user base effortlessly. Its support for smart contracts allows developers to create various decentralized applications and services on this platform. It’s worth noting that TON’s unique design enables it to handle a large number of transactions, ensuring that each transaction is completed quickly and at a low cost.
But TON is not just a technical platform; it is a complete ecosystem. Its native token, GRAM, plays a crucial role within this ecosystem, supporting functions such as transactions and smart contract execution. Additionally, TON is actively building a comprehensive ecosystem that includes decentralized applications, storage solutions, and identity authentication.
At the same time, TON’s close integration with Telegram brings unprecedented convenience to users. Telegram users can now access various TON services directly within the application, making tasks like transfers and payments remarkably simple.
In summary, TON is more than just a technical product; it represents a vision of the future, revealing a decentralized, secure, and efficient digital future.
By closely aligning with Telegram, TON has achieved significant application and technological breakthroughs
After gaining an understanding of TON’s technical blueprint, one can’t help but wonder how this platform performs in practical applications. Recently, the third-quarter ecosystem report released by the TON Foundation has provided us with answers.
This report reveals a fact: TON is experiencing rapid growth. It now boasts over 3.5 million user accounts, with 815,000 of them being active. Behind this success are 344 validators distributed across 24 countries, collectively safeguarding the security of nearly 500 million TON tokens on the network.
In terms of project partnerships, TON has also achieved remarkable results. From AI technology like Tali AI to communication solutions like TON Connect 2.0, a total of 10 innovative projects have received support from the TON Grants Program. These collaborations not only enrich TON’s application scenarios but also foreshadow the continued prosperity of its ecosystem.
However, the most notable event in the third quarter of this year was the TOKEN2049 conference held in Singapore. Telegram and TON announced their collaboration blueprint during this event. Their goal is to launch a brand new TON Space wallet for Telegram’s 800 million users starting in November. This wallet will seamlessly integrate with Telegram’s @wallet feature, providing users with a more convenient asset management experience. Additionally, to further enhance the user experience, a payment service called Wallet Pay was introduced, simplifying e-commerce transaction processes within Telegram.
These recent developments all point towards a grand goal: to have 30% of Telegram’s users transition to and use TON over the next 3–5 years. This will not only bring higher recognition to Toncoin but also establish a brand new Web3 ecosystem centered around TON within Telegram.
In summary, TON not only shines on a technical level but also in its efforts towards practical applications and ecosystem development, showing us a promising digital future.
How TON can fully leverage its own advantages and attract support from various experts
After understanding the thriving development of the TON ecosystem, we can’t help but ponder: in this vast ecosystem, which sectors or industries have the potential to become the next big thing? What key opportunities lie beneath this?
Jenny from ACG Worlds provides us with some insights. She believes that the TON ecosystem, with its 800 million Telegram users, possesses significant user diversity, creating numerous opportunities for project teams. These teams can select their target user groups and start by developing small applications, with potential expansion to web platforms in the future. More importantly, as a super platform like Telegram, there’s the potential for integration with markets such as ETH and BSC, offering users more convenient services. However, Jenny also points out that there is room for improvement in the integration between the TON and Telegram ecosystems. Once seamless integration with fiat channels is achieved and more projects are onboarded, the TON ecosystem will encounter even more opportunities.
Meanwhile, Victor, co-founder of Launch Labs, also shared his perspective. He believes that although the TON ecosystem cannot yet be called a true trend, it undoubtedly provides a wealth of opportunities for project teams. Telegram’s massive user base is its biggest advantage. While the number of true Web3 users may not be many, Telegram boasts hundreds of millions of monthly active users, offering project teams a vast market space. Victor emphasized that if the current tools are utilized to their full potential, achieving user growth, project teams will have significant opportunities. This is something that the Web3 ecosystem lacks, and the customer acquisition cost in the TON ecosystem is relatively low.
In conclusion, while the TON ecosystem is still in development, its extensive user base and unique advantages offer countless opportunities for project teams. As long as these advantages are fully leveraged, the TON ecosystem has the potential to become the next big thing in the digital domain.
The heavyweight event on November 10th is even more worth looking forward to, as TON may bring even more surprises to everyone
With the advent of the digital age, blockchain technology and decentralized ecosystems are garnering increasing attention. TON, as a rising star in this field, has already demonstrated its powerful potential and limitless opportunities. Its solid foundation of Telegram users provides robust support, while its unique technological advantages and ecosystem partnerships pave the way for a bright future.
Of particular anticipation is the upcoming TON event on November 10th. This event is sure to bring more attention and opportunities to TON, as well as reveal the latest developments and future plans for the platform.
Despite facing some challenges at present, as long as TON continues to innovate and keep pace with the times, it will undoubtedly shine in the digital landscape of the future. Let us look forward to more breakthroughs from TON, anticipate a brighter digital future it may bring, and also look forward to surprises and insights from the event on November 10th.
