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Telegram and TON – A Duo Reshaping Web3

Telegram has been on fire for more than a year. Everyone's buzzing about tap games on Telegram. Get ready to discover the secret behind TON's partnership and why it's changing the game, or rather, web3 gaming.

TON and Telegram Partnership

At Token 2049 in 2023, TON and Telegram teamed up to make TON the exclusive blockchain for Telegram. This collaboration launched TON Space, a self-custody wallet within Telegram, and gave TON ecosystem priority access to Telegram Ads.  

The Inscriptions event further tested TON’s sharding technology – leading to infrastructure upgrades and introducing many users to crypto via Telegram bots.

Ecosystem Growth and Developer Talent

TON partnered with HashKey to tap into Asian developer talent, and it made HTML5 mini-apps so that anyone could build on Web3. Telegram CEO Pavel Durov introduced a 50/50 ad revenue split with creators, with half paid in TON – making TON a part of the Telegram creator economy. 

The TON Open League gave rewards to liquidity pools, boosting weekly active wallets by 5X in its first season. Over 650M Tethers now circulate on TON, supporting fintech initiatives for underserved communities.

User Growth and Milestones

• Notcoin was the biggest airdrop ever, with 11.5 million people claiming it. This brought 1 million new users to TON in just 30 hours, and the number of weekly active users went up to 2 million.

• The Telegram Apps Center, with 500+ applications, draws 5 million monthly users – becoming a key Web 3 hub. 

• The Dogs airdrop surpassed Notcoin, with 17 million people claiming it and testing the TON network’s capacity. 

• By mid-September, TON hit 1.6 million daily active users, and reached an all-time high of 5.9 million weekly active users after the Hamster launch.

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The Jargon Buster

LP

DEFINITION: Liquidity provider (LP) tokens are given to users who add liquidity to a pool, serving as a receipt for their stake and earned interest. These tokens allow users to reclaim their original investment, earn compound interest through yield farming, take out crypto loans, or transfer ownership of the staked liquidity. However, once you give up custody of your LP tokens, you no longer control the associated liquidity.