TON’s eco-leading Launchpad platform, TonUP, is about to launch the governance token $UP’s IDO (Initial Decentralized Exchange Offering) on December 20th. Can it bring about a new wave of wealth in the cryptocurrency market? This article will provide a detailed analysis from multiple perspectives.
(Background:
TON’s eco-launchpad platform, TonUP, completed a seed round of financing led by TONCoin Fund.)
Table of Contents:
TonUP: The shining star of TON’s ecosystem
Multiple top institutions invest, driving the development of TonUP’s ecosystem
TonUP performs well during the bear market this year
The huge potential of TON’s ecosystem
The trend of Telegram Bots
The enormous potential of Telegram gaming
Supported by multiple mainstream cryptocurrency exchanges
Telegram’s native cryptocurrency wallet
In the cryptocurrency market, subscribing to new tokens has always been a popular product among investors. Launchpad platforms on major exchanges such as Binance and OKEx have seen the emergence of dozens of projects with the potential to increase in value by hundreds or even thousands of times, attracting the attention of users.
In the rapidly rising TON ecosystem (already among the top 15 cryptocurrencies), the largest Launchpad platform, TonUP, is about to conduct the IDO of the governance token $UP on December 20th. Will it bring about a new wave of wealth? The following analysis will be conducted from multiple perspectives.
According to the token economics model announced by TonUP, tokens distributed through the IDO and centralized exchanges will account for 2.5% of the total supply. This time, 2.5 million tokens will be publicly sold (out of a total issuance of 100 million tokens).
Based on the exchange rate of 1 $UP = 0.05 $Toncoin, the selling price of one $UP token is approximately $0.107 (equivalent to $2.15 in Toncoin as of the deadline). From this, we can estimate that the total market value of $UP’s issuance will exceed $10 million.
In addition, according to the official token economics, up to 64.5% of the tokens will be directly invested in TonUP’s development and decentralized construction. Considering that strategic rounds and private placement rounds usually have long unlocking periods (TonUP’s team has reserved 10.5% of the tokens for market promotion), the actual circulation of $UP will be much smaller, resulting in relatively lower selling pressure on the token’s future price.
Further analysis of its token economics model shows that 30% of $UP tokens will be directly invested in the decentralized governance structure DAO to mitigate the centralized governance risks brought by the project. Additionally, the team has reserved 15% of the tokens to incentivize the community’s participation in TonUP’s development. For sustainable development, TonUP has reserved 10.5% of the tokens for market promotion and 4% for further expanding market share through ecological construction tokens. To address the liquidity shortage in the current TON ecosystem, TonUP has set aside 5% of the tokens to facilitate asset circulation.
As a Launchpad, TonUP is supported by multiple top venture capital institutions. Foresight Venture, the main investor of the exchange Bitget and the cryptocurrency news media The Block, led the seed round of financing for TonUP as early as October this year. Angel investors such as Waterdrip Capital and BitFund DAO also participated in the investment.
Previously, TonUP also received a strategic investment from TONcoin.Fund, a TON Foundation-backed ecological fund with a scale of 250 million USD, providing sufficient funds for ecological development.
After receiving early financing, TonUP launched the MMORPG game Tap Fantasy on the Binance Smart Chain (BSC), achieving excellent performance in the GameFi field. The game launched its first IDO based on the TON blockchain.
We know that in August this year, the overall cryptocurrency market was still in a bear market. However, Tap Fantasy raised $100,000 in startup capital in less than half an hour.
After Tap Fantasy’s small game based on Telegram was officially launched, the project’s token allowed IDO investors to earn profits of over 100%. It demonstrated active energy even in a bear market.
Data from: TonUP’s official website
Now, let’s discuss the development potential of the TON blockchain from a larger ecosystem perspective. Based on the overall recovery of the cryptocurrency market, Telegram currently has 800 million monthly active users, providing strong support for the TON ecosystem.
In July of this year, Unibot’s popularity sparked a wave of trading bot frenzy on Telegram. These bots can directly connect to users’ cryptocurrency wallets, enabling various types of transactions and greatly simplifying the cryptocurrency trading process. They enable users to complete buying, selling, and transfers within Telegram.
Game and metaverse development giant, Animoca Brands, announced in late November that it would invest in TON Play, a game infrastructure project in the TON ecosystem. This investment aims to assist third-party game projects in building ecosystems and become the largest validator in the TON blockchain.
Yat Siu, Co-founder and Chairman of Animoca Brands, commented:
TON has also received support from multiple mainstream exchanges. MEXC Ventures, the investment department of MEXC, announced a significant investment in TON on October 4th. In addition to providing basic funding, MEXC promised to support the Telegram bot ecosystem based on the TON blockchain, positioning itself early for the potential combination of Telegram and TON as a SUPer App.
Bitget Wallet (formerly BitKeep Wallet), a Web3 multi-chain wallet under Bitget, announced its support for the TON mainnet on November 30th and prepared for the integration of TON and innovative products based on Telegram. Unlike similar competitors such as Coin98, Bitget Wallet not only supports basic deposit and withdrawal functions but also plans to launch innovative features such as Telegram red envelopes and blockchain browsers that support TON Dapps.
Kucoin Venture, the investment department of Kucoin, also announced on December 1st that it will provide funding to excellent Telegram bots based on the TON blockchain.
The above-mentioned cryptocurrency exchanges are optimistic about the continuous development of the TON ecosystem. They actively deploy basic ecological construction, asset allocation, Telegram bots, and other fields.
At the Token 2049 event in Singapore this year, Telegram announced the launch of “TON Space,” a self-hosted cryptocurrency wallet based on the TON blockchain. Starting from November, Telegram users worldwide, except those in the United States and other heavily regulated regions, can directly use the cryptocurrency wallet within the application, opening the door to integrating the Web3 ecosystem.
Telegram founder Pavel Durov stated:
With ecological applications, a large user base, and infrastructure, coupled with Telegram’s official support, the TON blockchain is expected to become the most prominent star of this bull market.
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