- Been hearing TON come up in conversation for months
- Played a game by Gamecoin on Telegram
- Saw Pantera made their largest investment ever in TON
- Queued up these two videos to watch later
- Ran some basic comps on Coinmarketcap
- 18.3B TON
- 64.3B SOL
- 378.0B ETH
- 1.15T BTC
- Looked for exchanges I can buy TON on
- Learned that TON "Crystals" can be wrapped and bridged to other chains
- Explored wallets
- t.me/wallet is a Telegram bot, seemingly built by Telegram but the internet says its not
- Most reddit users recommend TonKeeper which is also a browser extension and works with Ledger
- Ledger supports TON
- TON is not EVM compatible, so can't use metamask or Frame to buy native TON tokens
- Learned that Jettons are custom fungible tokens on TON Blockchain. They're version of ERC-20
- Aped in a standard allocation
- Placed a limit order using CoW Swap
- Is usage/transaction volume growing?
- 500k/tx/day 6 months ago (10X)
- 5m/tx/day today
- Where does demand come from?
- $0.10 per transaction?
- TON Blockchain, TON Payments, TON Proxy, and TON Storage
- Advertising on Telegram will only be done in TON
- Dug into TON tokenomics
- Price: $7.30
- Total supply: 5,108,820,557
- Circulating supply: 2,506,818,138
- Staked circulating supply: 597,935,274
- Market cap: $18.3B
- Note: Market cap of LUNA when I bought in May 2021 was $2-3B
- Found a great analyst breakdown
- Issuance
- Inflation rate initially set at 0.6% and paid to validators
- 50% of txfees are burned
- 10k TON burned and 50k TON issued per day (inflationary)
- Story of the initial issuance
- There's a "Believers Fund" hodling 1.33B tokens set to unlock Oct 2025 and vest monthly
- Apparently 1.1B tokens mined by early miners were deactivated
- How does staking work?
- currently 394 validators, but requires 300k TON! But you can delegate
- liquid staking (tsTON) via https://tonstakers.com/ is on ton's site (Non US!)
- 36 hours to unstake
- 3.09% APY
- Opened the whitepaper to find out more about issuance. Discovered 5B coin initial issuance is "5 gigatons" LOL. and coins can be divided 1B times with "nano" being the smallest, but gas is expressed in "specks"
- Initially, 20% APR is issued to validators and they expect 10% of the coins to be staked at any given time, which results in a 2% inflation rate
