Introducing TONSWAP. The DEX for mass adoption on TON

Many people find DeFi hard to use on TON. TONSWAP is a DEX in the TON blockchain with over 100 million users. It offers easy trading and very low gas fees. Discover how TONSWAP can make crypto simple for you.

Key Takeaways

TONSWAP is a DEX on the TON blockchain with over 100 million users. It offers easy trading and very low gas fees.
It integrates with Telegram, reaching 500 million monthly mini app users. This makes crypto accessible to many people.
Over 6,400 games are on the TON network. Games like Hamster Kombat have 300 million users, boosting DeFi activity.
Built on SORA v3, TONSWAP has transactions that complete in 2 seconds. It also offers a bank-linked SORA debit Mastercard.
TONSWAP charges a 0.3% trading fee. Fees help buy back tokens and reward liquidity providers, supporting the platform’s growth.

Current State of the TON Ecosystem

The TON ecosystem is connected with Telegram, making crypto easy to use for many people. Mini apps and games are popular, but DeFi on TON is still growing compared to other blockchains.

Integration with Telegram and democratization of cryptocurrency access

TON integrates smoothly with Telegram, allowing users to access wallets and use mini apps directly within the platform. About 500 million Telegram users engage with these mini apps each month.

This wide reach helps democratize cryptocurrency access, making it easier for people to use tokens and interact with blockchains. TON SWAP DEX takes advantage of this by offering a Telegram-native interface for trading and liquidity.

With low gas fees and support for decentralized finance, TON SWAP makes crypto trading simple and accessible for millions.

Popularity of mini apps and games within the ecosystem

Mini apps and games thrive on the TON network. By June 2024, over 6,400 games joined the ecosystem. Hamster Kombat, a top tap-to-earn game, reached 300 million users. The TON app gallery includes around 500 games, each appealing to different interests.

These games use blockchain technology and cryptocurrencies, driving mass adoption of web3. Players earn tokens and rewards, making the games engaging. This popularity boosts trading volume on decentralized exchanges and increases the total value locked (TVL) in the network.

Developers leverage tokenisation and innovative designs to create fun and profitable experiences for users.

Underdevelopment of DeFi activity on TON compared to other ecosystems

DeFi activity on the TON blockchain is still developing compared to other networks. The top two DEXs on TON handle only $35 million in daily trading volume. In contrast, Ethereum averages $2.7 billion, and Solana reaches around $3.9 billion each day.

This shows TON’s DeFi scene needs more growth, especially in areas like yield farming and infinity pools.

Despite DeFi wallets growing from 50 million in January to 120 million by November 2023, TON crystal tokens and farming programs haven’t kept pace. Sharding technology and stablecoin integration could boost TON’s decentralized finance offerings.

Enhancing these features may attract more users and increase DeFi activity on TON.

Growth and Potential of TONSWAP

TONSWAP makes it easy to trade crypto right inside Telegram. By linking with fun games and offering token rewards, it can attract many users to decentralized finance.

TONSWAP’s aim to provide a more engaging, Telegram-native interface for trading and liquidity sourcing

Integrating directly with Telegram, TONSWAP offers a simple and engaging trading experience. Users can trade cryptocurrencies and provide liquidity without leaving the app. This makes decentralized finance accessible to Telegram’s large user base.

Current DEXs like DDUST and STONFI have complex interfaces, but TONSWAP focuses on ease of use. By connecting with tap-to-earn games and offering token rewards, TONSWAP keeps users active and involved.

This Telegram-native approach sets TONSWAP apart in the TON ecosystem.

Trading on TONSWAP is seamless and fun right within Telegram.

Integration with tap-to-earn games and token rewards

TONSWAP partners with tap-to-earn games to distribute Jetton rewards. Players earn Jettons by engaging with over 6,400 Telegram games on the TON network. These tokens add real value and make gaming more exciting.

By linking DeFi with gaming, TONSWAP makes cryptocurrency accessible to more users. Players can easily trade their Jettons on TONSWAP, enjoying low fees and fast transactions. This integration boosts the TON ecosystem and attracts a larger community to decentralized finance.

Potential user base with Telegram’s large user engagement

This integration sets the stage for reaching a massive audience. Telegram has 950 million users, with about 500 million using mini-apps each month. Games like Hamster Kombat reached up to 300 million players.

TONSWAP can tap into this active base, boosting decentralized finance on the TON network. Leveraging Telegram’s large user engagement, TONSWAP offers a familiar platform for millions to trade and access blockchain services easily.

Advantages of TONSWAP

TONSWAP offers low fees and speedy transactions on the SORA network, making DeFi accessible for everyone—read on to learn more.

Extremely low gas fees for transactions

Transactions on TONSWAP have extremely low gas fees. Users pay minimal costs when trading or adding liquidity. The freeton network keeps fees low on all transactions. Even when connecting to other blockchain networks, gas fees stay affordable.

This cost efficiency makes DeFi accessible to more people. Unlike platforms like Uniswap and Binance, TONSWAP offers cheaper trading. The SORA v3 Hub Chain ensures quick and low-cost transactions.

Low fees support innovation and attract more users to the TON ecosystem.

Implementation on SORA v3 Hub Chain for low transaction costs and quick transaction times

TONSWAP operates on the SORA v3 Hub Chain, enhancing its performance within the TON ecosystem. SORA v3 leverages Hyperledger Iroha v2, ensuring the platform is highly scalable and efficient.

Transactions achieve finality in just 2 seconds, enabling users to experience swift trading without delays. Low transaction costs make trading accessible to more users, promoting wider adoption of decentralized finance (DeFi) on the TON network.

This seamless integration with SORA v3 ensures TONSWAP delivers fast and affordable services to its community.

Improvement of analytics experience and invoicing system

TONSWAP provides clear and easy analytics directly from the SORA v3 Hub Chain. Users can view their trading activities and liquidity sources with simple charts and reports. This helps traders make informed decisions quickly on the TON network.

The invoicing system in the TONSWAP mini app lets users request payments in multiple currencies. You can create and send invoices easily, supporting various digital identities. This feature makes transactions smooth and secure for everyone using the DEX.

TONSWAP’s Integration with SORA

TONSWAP partners with SORA to offer a bank-linked debit card. This lets users convert crypto to cash instantly and enjoy low trading fees.

SORA Card initiative for bank-linked debit Mastercard and instant crypto to fiat conversion

The SORA Card connects self-custodial wallets with regulated banking services, providing IBAN accounts. Users can instantly convert crypto to fiat by swapping to XOR through TONSWAP.

This debit Mastercard works within the TON (the open network) ecosystem, making transactions smooth and easy. The crystal handshake program ensures secure integration between cryptocurrency and traditional banking, enhancing user experience.

Trading fee structure and token distribution model

TONSWAP charges a trading fee of 0.3% for each transaction. This fee matches what other decentralized exchanges use. The fees collected are used in two main ways. First, TONSWAP buys back TS tokens and removes them from circulation, which can help increase the token’s value.

Second, new TS tokens are created to reward liquidity providers. These actions help maintain a healthy token economy.

Liquidity providers receive rewards from the trading fees. Initially, they earn 80% of the fees that are burned. Over five years, this reward rate drops to 35%. This model encourages more users to provide liquidity early on.

TONSWAP starts with 100 million TS tokens. This supply supports the distribution and growth of the platform. By rewarding liquidity providers, TONSWAP ensures there is enough liquidity for smooth trading.

Conclusion and Future Outlook for TONSWAP in the DeFi market

TONSWAP leads the TON ecosystem with extremely low gas fees. Over 500 million Telegram users can trade easily on the platform. Integration with SORA ensures quick and cheap transactions.

Users enjoy rewards through tap-to-earn games and token incentives. TONSWAP is set to expand DeFi and reach new heights on TON.

FAQs

1. What is TONSWAP?

TONSWAP is a decentralized exchange (DEX) built on the TON blockchain. It allows users to trade cryptocurrencies easily and securely.

2. Why choose TONSWAP for trading?

TONSWAP is designed for mass adoption on TON. It offers fast transactions, low fees, and a user-friendly interface, making it ideal for both beginners and experts.

3. How does TONSWAP support mass adoption?

TONSWAP provides a reliable platform with strong security features. It makes trading accessible to more people by simplifying the process and ensuring a safe environment.

4. What makes TONSWAP different from other DEXs?

TONSWAP leverages the TON blockchain’s speed and scalability. It offers unique tools and features that enhance the trading experience, setting it apart from other decentralized exchanges.

Disclaimer

Cryptocurrencies involve substantial risk and volatility. This article does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The cryptocurrencies mentioned are speculative, involve a high degree of risk and are not suitable for all investors. The valuation of cryptocurrencies and futures may fluctuate, and, as a result, clients may lose more than their original investment.

The past performance of a cryptocurrency is not indicative of future results. Please ensure you fully understand the risks involved before investing in any cryptocurrency. This article should not be viewed as a form of endorsement or recommendation. For advice regarding your individual circumstances, please consult with a professional financial advisor.