TonRadar:📣 Rank 9, Epecting Even More!Fresh news, about an hour ago, CMC tweeted that, Toncoin
TonRadar:
📣 Rank 9, Epecting Even More!
Fresh news, about an hour ago, CMC tweeted that,
Toncoin $TON, the open source blockchain built on Telegram, is rapidly gaining ground and approaching the market capitalization of the leading memecoin, Dogecoin (DOGE).
Which TON replied with,
➡️"It's only the beginning 💎👀 "
Let's get to the related article regarding it:
"Toncoin (TON), an open-source blockchain initially developed by Telegram, has seen a notable surge in value over the past week, rising by 42.3%. This increase has brought its market capitalization to $25 billion, placing it just $2 billion behind the leading memecoin, Dogecoin (DOGE). Toncoin's recent momentum is believed to be driven by speculation surrounding Telegram potentially going public.
In March, Telegram CEO Pavel Durov revealed in an interview with Business Insider that the company had received offers valuing it at over $30 billion, but Durov expressed more interest in pursuing a direct IPO.
Toncoin's rise in popularity is fueled by the Notcoin game, enhancing engagement within the TON ecosystem. The game incentivizes users to interact with TON-based projects through various activities like installing wallets, buying NFTs, and upgrading Telegram accounts. Toncoin has surpassed Cardano (ADA) in market capitalization, reaching a valuation of over $20 billion, securing its position as the 9th largest cryptocurrency by market capitalization.
Congrats to the TON community members. 🤑
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TON Diamonds is set to launch the first phygital store by the end of April, marking a significant advancement for the platform.
⚡️ This innovation allows artists to release phygital NFTs, combining digital ownership with tangible physical objects.
👤Pokras Lampas pioneered this concept with the Fram3s: Alphabet collection in 2023.
From April 20th, Fram3s NFT owners can participate in the first phygital season and receive NFTs from the upcoming METARENAISSANCE collection. This launch signals the start of a new era in digital art ownership on TON Diamonds, offering enhanced opportunities for both artists and collectors.
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STON.fi recently addressed the risks associated with adding community tokens to their DEX, emphasizing the absence of liquidity guarantees for such tokens. They cautioned users about the potential dangers of rug pulls and fake tokens, and in their latest post, they focused on another fraudulent tactic known as a honeypot.
"🍯 Honeypot, as the name suggests, is a dangerous fraudulent tactic. Honeypot is a coin that can be freely purchased, but selling it will only work from certain addresses (of course, scammers' wallets). Its creators ensure the coin's market growth by actively buying it with their funds and spreading fake advertising on social networks. Attempting to sell the coin results in the transaction being canceled for the user. Scammers blame the exchange, slippage, or technical issues on the blockchain, and then sell the assets and disappear with the earned funds. "
❓ How to protect yourself from fraudulent schemes?
• DYOR - Do Your Own Research. Always.
• Research all available materials about the project and the development team.
• Pay attention to liquidity volumes, price impact indicators, and other metrics.
• Look at the asset's price charts, find out what exactly contributed to its popularity.
• Don't believe artificially created hype.
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On wNOT <> NOT conversion
📌 Notcoin is implementing a conversion process where wNOT can be exchanged directly for
$NOT
directly on Shardify.app upon listing.
⚡️ Notcoin also plans to remove three zeroes from its value, meaning that while the numerical value will decrease, the actual value of wNOT will remain the same.
For example, 10 million wNOT will convert to 10,000
$NOT
.
Users can convert vouchers to wNOT on Shardify.app and buy wNOT on STON.fi.
In collaboration and partnership with
TonEvents
, we've developed an article delving into the concept of Arbitrage.
📌 Arbitrage is a method to profit from price differences by buying low in one market and selling high in another. Prices can vary due to market imperfections, offering opportunities for traders to exploit. This strategy relies on swift execution and careful monitoring of market conditions.
❌ A successful arbitrage requires expertise, risk management, and quick decision-making to capture fleeting opportunities before they disappear.
🪙 In the crypto market, arbitrage operates similarly but with unique considerations including:
• Regulatory differences
• Technological advancements
• Liquidity considerations
• Security concerns
• Market volatility
🤖 Cryptocurrency arbitrage mirrors traditional financial market principles but features unique factors. It involves exploiting price variations, market inefficiencies, and regulatory disparities among exchanges. Traders utilize automated bots for swift trade execution, while risk management is vital due to exchange risks, fees, and volatility. Regulatory variations across jurisdictions further influence arbitrage potential.
ℹ️ Main Types:
1. Cross-exchange Arbitrage:
involves profiting from price variations of a specific asset across different cryptocurrency exchanges, leveraging platforms with divergent pricing to capitalize on the differences.
2. Intra-exchange Arbitrage:
involves exploiting price differences within a single exchange.
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Privacy on TON & Telegram Using Zero-Knowledge Technology
📌 The TONNEL Network enhances user privacy for cryptocurrency transactions on platforms like TON and Telegram. It does this by using a process that involves depositing funds into a pool, generating temporary private keys for withdrawals, mixing funds with others for anonymity, and then allowing users to withdraw purified funds to their chosen addresses.
📦 To utilize the TONNEL Platform, start by visiting the Tonnel Site & follow these steps:
1️⃣ Choose the amount and token you wish to deposit: Indicate the desired deposit amount into the pool.
2️⃣ Generate a temporary private key for future withdrawal of your assets from the pool to your designated address. (Ensure to keep this key secure, as it is the sole means of accessing your deposit from the pool.)
3️⃣ The crypto mixer blends received funds with those of other users. Once enough transactions occur in the mixer, you can withdraw your funds without anyone tracing which deposit correlates with your withdrawal transaction, ensuring anonymity.
4️⃣ Release of purified funds: To receive a deposit, input the secret key and the wallet address where the funds should be sent. On average, withdrawals typically take two to five minutes.
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🔫 Tonnel currently operates 19 pools for Ton coin and Tokens, including Tonnel, Scale, JVault, Anon, and Gram, with plans to add more along the Tonnel route. The project launched its Test Net in June 2023, followed by the main Tonnel Network in January 2024.
⚡️ Users are encouraged to stay in pools to earn TONNEL through Anonymous Liquidity mining. The longer they remain in the pool, the more TONNEL they can accumulate, which can be exchanged for AP points that can then be swapped for Tonnel tokens.
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