Opinion
The next wave of Web3 neobanks won’t be standalone apps; they'll be embedded within platforms people already use.
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TON News
TON is the abbreviation for a blockchain project called The Open Network. TON originally stood for Telegram Open Network, but Telegram exited the endeavor in 2020.
Originally headed up by Telegram, the company behind the Telegram messaging app, TON started as a blockchain for decentralized applications and speedy transactions. The Telegram TON initial coin offering, or the TON ICO, ran in 2018, garnering approximately $1.7 billion through its GRAM token sale. TON subsequently saw significant backlash from the United States Securities and Exchange Commission, or SEC. Various developments surfaced regarding investor refunds.
Run by the community, a subsequent and separate project known as Free TON came to life in 2020. Free TON operates without Telegram as a blockchain formed from the original project’s code. Other TON solutions have also arisen based on available open-source data.
- News
The TON Foundation could have avoided its golden visa controversy in the UAE with a brief legal review, a local lawyer told Cointelegraph.
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The TON Foundation distanced itself from initial Golden Visa claims, saying the move is an independent initiative with no official backing from the United Arab Emirates government.
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Emirates News Agency has refuted The Open Network’s claim that applicants who stake $100,000 worth of TON for three years would be eligible for 10-year golden visas.
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After TON claimed a staking program would offer golden visas for holders to enter the United Arab Emirates, the country’s news agency shot down the idea of a partnership.
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Changpeng Zhao is skeptical of the new offer promising a UAE Golden Visa to TON stakers.
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Telegram mini-games reached a zenith in 2024, but the TON blockchain still averages over 2.1 million active wallets.
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By applying a TradFi and DeFi combination, Affluent aims to allow users to earn interest in a manner as simple as depositing assets with a single click via Telegram.
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The XAUt0 token will compete with other gold-backed stablecoins and traditional gold investment instruments.
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Representatives for The Open Network (TON) said the outage was caused by an error in the masterchain dispatch queue and was resolved.
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The messaging platform will use most of the proceeds to repay existing bondholders, with the remainder allocated as working capital to support ongoing operations.
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Nikola Plecas joins TON Foundation to lead its global payments strategy as the network scales for Telegram’s massive user base.
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Earn yield with tsUSDe on TON by staking on platforms like STON.fi for liquidity or DeDust for speed, and start earning trading fees and rewards.
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Ethena will integrate its sUSDe stablecoin natively within TON under the name tsUSDe, offering support within custodial and non-custodial wallets.
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TON ecosystem participant Broxus launches TON Factory, a high-throughput dev platform with a purported 35,000 transactions per second, aiming to scale DEXs, games and DApps.
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