The TON “primer” white paper (archive) says the ICO funds shall be used for “the improvement of Telegram and TON and for the continued bills required to support the expansion of the ecosystem.” That’s, they’ll use the money to pay Telegram’s common bills – and also, develop some blockchainy thing.
– Become a Validator
Changing into a TON community validator requires entry to high-performance hardware on a extremely available network, in addition to access to a large diploma of Toncoin as a stake. Validators stake Toncoin for a hard and fast particular time period, and the stake is refunded with interest after the completion of a validation round. Open-supply software program is on the market for https://tondog.net/ those that want to turn into validators.
Will it cause the price of ether to go up?Ether is down about 56% since the start of the 12 months, and many are hoping the Merge will revive its price. This has been a hotly debated matter inside crypto circles in recent months, and no one is aware of for sure what the Merge will do the ether’s value.
Apparently enough, Telegram CEO Pavel Durov mentioned in a message posted in December 2021 that he wished success for Toncoin and that he was pleased to see that other builders are continuing the work that Telegram started. Regardless of Durov apparently being a fan of the challenge, we should make clear that Toncoin is being developed independently from Telegram.
Right now, Aave is incomes simply shy of $1M per day in income with a majority of that going to lenders. Meanwhile, Compound has taken a recent dip, doubtless as borrowers migrate to Aave for its liquidity mining program, as the interest price protocol generates $550K per day for LPs.