Exploring the TON Blockchain Ecosystem: Notable Projects and Their Contributions

Dive into the TON blockchain ecosystem and discover a world of innovative projects, including Notcoin, Gramcoin (GRAM), STON.fi (STON), DeFinder Innovations (DFI), TonUp (TONUP), JETTON, Bemo, Storm Trade, TON Punks and Punk City, and Fanton Fantasy.

The Telegram Open Network (TON) is a layer one smart contract network designed for scalable and financial applications. Initially developed by Telegram to integrate cryptocurrency and blockchain functionalities directly into the Telegram ecosystem, the TON Blockchain stands out in the fast-growing blockchain community.

After Telegram withdrew from the project due to regulatory scrutiny following their $1.7 billion token sale, the blockchain has continued to evolve under the open-source community’s stewardship, guided by the TON Foundation.

Notcoin

Notcoin is a cryptocurrency that has gained significant attention recently due to its rapid growth and popularity. It was launched in January 2024 and uses a unique tap-to-earn system built on The Open Network (TON) blockchain. Users can earn coins just by tapping their phone screens.

This innovative approach quickly gained popularity, attracting millions of users quickly. By the end of the first phase, Notcoin had onboarded over 6 million users in just ten days. The coins earned during this phase were then converted into tokens to exchange for fiat.

Following the launch, Notcoin distributed tokens that included 3% for Binance Launchpool, 78% for miners, 9% for the ecosystem fund, 5% for community incentives, and 5% for development.

Its numbers show significant progress: a Twitter community of over 1.7 million members, a market capitalization nearing $3 billion, an all-time high of $0.02896, and an all-time low of $0.004605. It also boasts over 7 million users on Telegram and ranks among the top 10 projects on CoinMarketCap.

While the project has garnered significant attention and formed a partnership with the TON blockchain, it remains anonymous. The founders of Notcoin are unknown, and the website and whitepaper do not provide useful information about the project.

Gramcoin (GRAM)

Gramcoin (GRAM) is another cryptocurrency developed and deployed on the TON blockchain. It was originally developed as an experiment by TON enthusiasts, and GRAM’s rapid success encouraged its developers to continue refining the project. GRAM is designed to be fully decentralized and community-driven.

The project requires users to mine GRAM tokens using GPUs equipped with CUDA or OpenCL drivers and mining software available on GitHub. Mining began in January 2024, with web mining initially available.

However, web mining was discontinued when the team announced the launch of the Gram Mining Pool, which became operational in the second week of February of the same year. The Gram Mining Pool is a service where miners can combine their resources to increase their chances of successfully mining GRAM tokens.

This collaborative approach allows participants to share the mined GRAMs proportionally based on their contribution to the pool, which makes the mining process more efficient and rewarding.

GRAM has a capped supply of 5 billion tokens, of which 1.75 billion have already been mined. Since its launch, the value of GRAM has surged from $0.00000107 to $0.03, reaching a peak of $0.08393. Its current market cap is $35 million. Despite its brief market presence, GRAM has gained over 30,000 users.

GRAM is mostly traded on decentralized exchanges (DEXs) and a few centralized exchanges (CEXs). It has a strong community presence, with more than 200,000 followers on Twitter and 37,339 members in its Telegram channel. Development activity is ongoing, as shown by recent updates to its GitHub repository.

STON.fi (STON)

STON.fi is a decentralized automated market maker (AMM) and decentralized exchange (DEX) built to provide a user-friendly and efficient platform for trading TON-based tokens and other cryptocurrencies.

STON.fi stands out for its almost zero trading fees, designed to minimize users’ costs. It is also created to minimize slippage to ensure optimal trading rates.

The platform’s user-friendly interface makes it accessible to novice and experienced traders. Additionally, STON.fi integrates directly with TON wallets to make it easier to carry out transactions such as swapping, staking, and more.

As of June 4, 2024, the project has surpassed 1 million unique users. Additionally, 84% of all DEX users on TON choose STON.fi, and 58% of TON’s liquidity is concentrated on the platform. The daily transaction volume has peaked at $43.4 million, a record for STON.fi and other DEXs.

STON.fi supports 88 different coins and offers 618 trading pairs. The NOT/TON pair is the most actively traded, with a 24-hour volume of around $11.8 million. Looking ahead, STON.fi plans to enable cross-chain trading by integrating with other blockchain networks like TRON