Ton’s owners are the cryptocurrency that controls Open Network, a telegram-related blockchain network, and can quickly earn staking rewards through new services.
Non-curative staking provider P2P.org today announced a collaboration with Ton Development Team Ton Shlowales, providing a new staking solution aimed at exchanges and administrators.
Accessible as a widget via all Ton Connect compatible wallets, the service allows you to participate in cryptocurrency staking at 4.7% APY with addresses holding at least 10 tons (value under $30). Automatically distribute bet funds across Ton Network Validators and remove the needs of the intermediary for manual setup.
By combining ease of use and facility-grade security, we believe that the organizations involved will attract interest from the best institutional recruits looking to take advantage of the financial compensation available to 1 billion users around the world.
“Our goal is simple. We’ll be assisted by intermediaries that minimize integration efforts and custody risks and generate sustainable returns for our users,” said Alex LotKev, chief revenue officer, P2P.ORG. “This is exactly the kind of bridge between traditional finance and defi that the market has been waiting for.”
Ton is a native token for Open Network and recently secured an exclusive contract as the only blockchain that can be integrated into the Telegram app.
The network was originally developed in-house on Telegram, during regulatory scrutiny, until 2020 when messaging apps abandoned the project in 2020. However, after years of external development, Telegram has increasingly embraced Ton through many integrations that began in the second half of 2023.
Users of popular messaging platforms can earn ton-based tokens through games and other apps, and use the tokens to purchase goods and services within the telegram ecosystem.
According to Tonstat, more than 156 million wallets are currently active on the TON network. They bet over $2 billion in cryptocurrency in bulk to win rewards.
P2P.org and Tongu Whale say they are developing tools that allow early stage investors to wager locked tokens, allowing them to earn rewards faster. Tongu Whales are also planning to release Tonguing Link’s bank cards this year. This allows users to accumulate stained amounts of cryptocurrency as rewards for purchases.
Last year, Telegram’s Ton’s embrace served as a major way for encrypted apps to find a mainstream user base of hundreds of millions of people. But while ecosystems suffer from fatigue, many tons of supportive apps and games have struggled to find ways to maintain enthusiasm after financial incentives have dissipated.
Edited by Andrew Hayward
