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TON's market value rises to 12th place, and the participation process of popular new projects in the ecosystem is explained in detail
南枳
Odaily资深作者
2024-03-25 12:00
This article is about 989 words, reading the full article takes about 2 minutes
The rise in TON tokens may have certain spillover effects on the ecological protocol, but investment still requires caution.

Original - Odaily

Author - Nan Zhi

Today, TON (Toncoin) rose by more than 5.4 USDT, with an increase of 39% in the past seven days, jumping to the 12th place in the crypto market capitalization. Popular memes on the chain such as FISH and other tokens have also risen accordingly. Recently, a series of popular tokens including FISH sub-coins have begun to launch new tokens. Odaily will explain in this article how to configure the TON network wallet and assets, as well as the participation process for popular projects to launch new tokens.

Wallet and asset allocation

TON wallet preparation

The most common TON wallets include the following two types:

  • Tonkeeper: Available fromOfficial X AccountEnter the download address, supporting iOS, Android and desktop versions (including macOS, Windows, Linux).

  • Telegram built-in wallet: You can directly enter wallet in the search bar to jump.

TON asset transfer

At present, exchanges such as OKX, Bitget, and Gate all support TON spot trading, but OKX and Bitget have currently suspended withdrawals. The opening hours are determined by the platforms asset scheduling. Participating users can pay attention to the withdrawal status of each platform.

In addition, users can also transfer funds through cross-chain bridges, includingOfficial cross-chain bridge(Handling fee: 5 TON + 0.25% cross-chain token amount), third-party cross-chain bridges such asLayerswap(handling fee: USD 4),RocketX(Handling fee: $2) etc.

Transaction and Quote View

The main DEX of the TON network isSTON.fi, the market browsing tool isgeckoterminal

Project Launch and Participation Process

This section only collects and organizes project information for readers convenience. It is not an endorsement of the project itself. Investors are advised to DYOR and invest with caution.

TON PET

  • Project background: Ton Fish is Telegram’s social Meme token with a current market value of $54.4 million. TPET (TON PET) is the second Meme officially issued by Fish. The token will be used for the social games it issues. In addition, 10% of the funds raised will be used to buy back and destroy FISH.

  • End time: March 26, 23:00 (UTC+8).

  • Fundraising and Valuation: Currently, 891,000 TON have been raised (valued at approximately US$4.72 million), and the estimated initial market value is 2.5 million TON (US$13.25 million).

  • Token Economics: The total amount is 300 million, of which 108 million are pre-sold (36%), 52.326 million are used to add liquidity, and the rest are allocated as shown in the figure below.

  • Operation process: first enterTonRaffles website, and then link the wallet according to the process below. First click Connect Wallet in the upper right corner. The wallet option will pop up. Select the wallet actually installed by the user (not limited to the wallet mentioned in the previous section). Taking Telegram’s built-in wallet as an example, a pop-up window will pop up and jump to Telegram. Select Just confirm the link and then pay according to the planned amount.

TON Cats

  • Project background: One of the more popular pre-sales, supported by some ecological communities, and is a pure Meme with a zoo concept.

  • End time: March 27, 01:00 (UTC+8).

  • Fundraising and valuation: Currently, 452,000 TONs (worth approximately US$2.4 million) have been raised, and the estimated initial market value is 924,000 TONs (US$4.9 million).

  • Token Economics: 49% is allocated to the pre-sale, with the remainder allocated as shown in the chart below.

COFE

COFE is also a popular TON ecological Meme token that has been pre-sold recently. COFE took the form of a lottery pre-sale, with pre-sale funds reaching 573,900 TON, worth approximately US$3 million. 50% of the tokens will be used for pre-sale distribution and 50% will be used to add LP. COFE has completed pre-sale this morning, and the trading opening time has not yet been announced. Investors can decide whether to participate in secondary transactions based on popularity research.

in conclusion

The rise of network tokens usually has a certain spillover effect on ecological protocols, but users still need to make careful decisions on whether to participate in investment.

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