TON’s core Launchpad platform, TonUP, announced that it will launch the first lossless lottery project on TON called TonTogether through launchpool. The TonTogether team will donate 1% of the total supply of $TOT to TonUP and distribute it to community members who pledge $UP through launchpool.
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This article is a sponsored article written and provided by TonUP, does not represent the position of the platform, and is not investment advice or recommendations for buying or selling. See the responsibility warning at the end of the article.
The core launchpad platform on TON, TonUP, announced that it will launch the first lossless lottery project on TON called TonTogether through launchpool. TonTogether is also the first project funded by TonUP grants, and the TonTogether team has decided to donate 1% of the total supply of $TOT to TonUP and distribute it to community members who pledge $UP through launchpool. The initial supply of $TOT is set at 2%, with 1% distributed to $UP stakers through launchpool and the other 1% used for liquidity.
$TOT Launchpool Project Details
TonTogether is the first lossless lottery implemented on the TON blockchain through a decentralized protocol. Participants have the chance to win a prize funded by the interest generated from their deposits, ensuring that all participants have the opportunity to win while preserving their original deposits.
Initial supply and distribution of $TOT tokens:
The initial supply of $TOT is set at 2%, with half of it (1%) being mined through staking $UP tokens. This means that users can acquire $TOT by staking their $UP tokens. The other 1% of $TOT is used for liquidity, which is crucial for maintaining a stable and healthy token market.
Profit distribution:
Half (50%) of TonTogether’s Total Value Locked (TVL) will be distributed as rewards to lucky winners. This is one of the main attractions of the lossless lottery protocol, providing users with the opportunity to win significant rewards. Additionally, 30% of the TVL is allocated to the treasury to support the value of $TOT, 19% is used for the liquidity pool (repurchases and liquidity formation), and the remaining 1% is allocated to the TonTogether team.
Fair launch commitment:
One key feature emphasized by TonTogether is its commitment to a fair launch. The launchpool for $TOT will be available to all community members who hold $UP tokens, ensuring fairness without investor priority, pre-mining, or team reservations. Community members can earn $TOT by staking $UP tokens and can unstake at any time.
Details of $TOT token distribution:
$UP token deposit period:
January 10th 12:00 PM UTC – February 9th 12:00 PM UTC
(Users can stake and unstake at any time)
$TOT token supply:
The total supply of $TOT is set at 10 billion tokens. Of this, 1% (100 million tokens) will be distributed through staking via the TonUP Launchpool. This quantity is designed to ensure sufficient token supply to meet market demand while also limiting the supply to maintain the token’s value.
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