In light of recent news regarding Telegram's IPO plans, the price of TON surged over 60% in a week, propelling the leading launchpad for new projects in the TON ecosystem, TonUp, to skyrocket. This week, TonUp announced its latest IDO project, TonX, revealing that TonX has received a grant from the TON Foundation. While the IDO date and details are yet to be disclosed, let's delve into whether TonX could emerge as the next killer product and investment opportunity within the TON ecosystem.
TonX is a groundbreaking decentralized social protocol built on the TON blockchain, empowering users to monetize their social networks. It introduces features such as deployment, minting, and trading on its own decentralized exchange (DEX), incorporating some enticing and innovative mechanisms.
MiniApp + bot connects millions of Telegram users
With its MiniApp and innovative Bot functionalities, TonX aims to connect millions of Telegram users seamlessly. By integrating with the Telegram platform, TonX enables users to access its features within the app, eliminating the need to switch platforms and facilitating mass adoption within the TON ecosystem, potentially even attracting Telegram Web2 users.
In the MiniApp, users can effortlessly explore all product features, including deployment, minting, and future DEX access, making it user-friendly. The Bot feature caters to specific user needs and pioneers the minting of Jettons within Telegram, promising to onboard a significant number of users to the TON blockchain.
Innovate Jettons with TON features
Leveraging the unique capabilities of the TON blockchain, TonX protocol allows users to deploy and mint inscription-like Jettons with unique mottos, tapping into a novel standard that could attract influencers and communities.
Define your own revenue share & engage to earn
With its unique economic model, TonX facilitates influencer-led growth and monetization, fostering social virality. Deploying Jettons incurs a TON fee, and users pay a nominal amount of TON for minting, but the platform rewards users through its unique incentive mechanisms.
In TonX, influencers can deploy this new type of token, set minting fees, and as their influence grows, the token's value increases with more followers or authors minting it, enhancing the influencer's personal value. Influencers not only gain quantifiable value and increased influence but also receive a share of the minting fees. In the initial product version, the revenue-sharing ratio is set at 10%, which will be customizable by deployers in the second iteration.
Within the TON economic system, to ensure fairness and sustainability, deploying incurs a TON fee, and users pay a small amount of TON based on the deployer's setting for minting. However, the platform incentivizes and compensates users through its unique reward mechanism, encouraging active participation. As users interact more with the protocol, engaging in more deployments and minting, they earn more platform tokens (TELE), providing long-term incentives for active participation. With a permissionless deployment system, anyone can issue their social Jetton, continuously quantifying their social value while earning TELE incentives.
About TELE
TELE is the sole token of the TonX platform, serving both practical and governance functions, and can only be generated through users' engage-to-earn activities. As the project has not yet announced the product launch date, obtaining early tokens is only possible through participating in the IDO. Once the product is launched, project revenues will be directed to the treasury for TELE buybacks, supporting and stabilizing TELE's value.
In conclusion, TonX presents an exciting opportunity within the TON ecosystem, aiming to revolutionize social interactions and monetization while fostering a vibrant community of users and influencers. Stay tuned for further updates on this promising project.
Project Links:
Twitter: https://twitter.com/TonX20_Protocol
Website: https://www.tonx20.com/