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Cryptocurrency News Articles

TON (The Open Network) Ecosystem: 5 Most Active Areas to Explore

Jun 19, 2024 at 06:01 am

It's been hard to miss the rise of TON over the past few months. Thanks to its integration with Telegram and persistent price action

TON (The Open Network) Ecosystem: 5 Most Active Areas to Explore

The Open Network (TON) has seen a rapid rise in popularity over the past few months, largely due to its integration with Telegram and its strong price performance.

While TON is best known for its gaming ecosystem, its network offers a diverse range of activities, including liquid staking, lending, and trading.

In this article, we'll highlight five of the most active areas in the TON ecosystem.

1. Play Telegram-based games to earn tokens

Gaming has become a stand-out feature for TON, starting with Notcoin and now expanding to other games like CatizenAI and Hamster Kombat.

These games offer simple entertainment and real-world rewards, attracting early speculators to the TON ecosystem.

For instance, CatizenAI, a Telegram-based game, allows players to collect, breed, and battle cats to earn CZN tokens. Hamster Kombat is another Telegram-based game where players can engage in hamster battles to earn HAM tokens.

2. Liquid-Stake your TON for additional rewards

Like most Proof-of-Stake (PoS) ecosystems, TON offers liquid staking options to enable users to earn additional rewards while keeping their assets liquid.

Two notable platforms for liquid staking in the TON ecosystem are Tonstakers and Bemo Finance.

Tonstakers provides users with the opportunity to stake their TON and earn rewards in the form of liqTON, which can be used to participate in various activities within the TON ecosystem.

On the other hand, Bemo Finance allows users to stake their TON and earn rewards in the form of Bem TON (beTON), which can be used to generate additional income through various DeFi protocols on TON.

3. Swap tokens on DEXs

Decentralized exchanges (DEXs) play a crucial role in TON’s DeFi ecosystem, facilitating the network’s growth.

Two prominent DEXs on TON are STON.fi and DeDust.

Both platforms offer a range of tokens and liquidity pools, catering to the needs of traders and liquidity providers.

Additionally, they contribute to the network's liquidity and the broader development of the TON ecosystem.

4. Lend through money markets

Lending platforms on TON provide another avenue to utilize assets and generate income.

Two notable lending platforms in the TON ecosystem are Evaa Protocol and DAOLama TON.

Both platforms offer user-friendly interfaces and value-add services to enhance the lending experience on TON.

5. Trade crypto derivatives

For those interested in derivatives trading, TON also boasts platforms for trading crypto assets with up to 50x leverage.

One platform that stands out for its Telegram integration and trading features is Storm Trade.

The platform enables users to trade crypto derivatives on TON, offering both substantial leverage and the convenience of Telegram integration.

The TON network caters to a diverse audience with its wide range of activities, from hosting games like Catizen and Hamster Kombat to earn tokens and utilizing liquid staking protocols like Tonstakers and Bemo Finance for additional rewards.

Moreover, users can swap tokens on DEXs like STON.fi and DeDust, lend assets with Evaa Protocol and DAOLama TON, and engage in derivatives trading on Storm Trade with up to 50x leverage.

With its strong ecosystem and momentum, TON aims to attract and engage both new and existing users, fully utilizing its Telegram integrations to present a versatile and promising blockchain for all.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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