Mexc Launches Ton’s
Table of Contents
Zug, Switzerland, October 4th, 2023, Chainwire
Mexc Ventures, a subsidiary of Mexc’s global cryptocurrency exchange Mexc, is making waves in the blockchain world with its significant investment in The Open Network (TON). This groundbreaking collaboration represents Mexc’s commitment to promoting global Web3 accessibility by lowering barriers to entry.
A Game-Changing Investment
Mexc Ventures’ investment in TON is the largest amount it has committed to any layer-one blockchain. This strategic move is part of Mexc’s broader strategy to strengthen and boost the growth of TON’s ecosystem. The venture firm is already providing support to TON-based projects such as Megaton Finance, TONPlay, Fanzee, and Sonet. Going forward, Mexc Ventures plans to continue funding TON-based mini-apps and projects. Additionally, Mexc’s exchange will offer marketing services and promotion for TON-based projects listed on its platform. To further demonstrate their commitment to The Open Network, Mexc exchange will introduce 0% trading fees for Toncoin and plans to provide a TON collateral lending service in the near future.
The Role of TON Foundation
TON Foundation acts as a bridge, connecting nearly 800 million monthly active Telegram users to Web3 and true asset ownership. Their mission is to transform TON into a user-friendly platform and a gateway to Web3, allowing more users to swiftly and conveniently acquire cryptocurrency assets. With the support of Mexc Ventures, TON Foundation aims to catalyze the creation of a Web3 ecosystem within the Telegram app, transforming the social messenger platform into a massive traffic entry point for easy access to crypto assets.
Justin Hyun, Director of Growth at TON Foundation, emphasizes the partnership’s significance, stating, “By working with Mexc, we will bring global access to the decentralized Web3 ecosystem in Telegram. Our foundation is committed to promoting a user-centric experience for The Open Network community. Mexc’s support significantly strengthens our potential to build new tools and services for developers and applications that make crypto feel indistinguishable from social media for users.”
Toncoin: The Native Cryptocurrency
Toncoin is TON’s native cryptocurrency, serving various purposes within the ecosystem. It is used for executing smart contracts, utilizing decentralized applications (dApps), and participating in governance on the TON blockchain. A portion of Toncoin has been allocated to the TON Foundation to encourage and support ecosystem development. The TON ecosystem already boasts a wide array of applications, including wallets, DeFi protocols, decentralized exchanges (DEXs), games, NFTs, cross-chain bridges, and social platforms, giving it a solid foundational infrastructure.
Steve Yun, President of TON Foundation, shares his excitement about the investment, stating, “This investment underlines Mexc’s strong conviction in TON blockchain in building a Web3 super-app ecosystem on Telegram. We are confident that the TON ecosystem and Mexc will grow together as we build for the next market cycle of bull runs.”
About Mexc
Mexc is a leading centralized cryptocurrency exchange known for its high-performance matching technology and top-notch customer service in the field of futures trading. With over 10 million users in 170 countries worldwide, Mexc has earned its reputation for providing a seamless and reliable trading experience at the lowest fees in the market. Mexc’s commitment to customer satisfaction is the driving force behind its success.
To sign up and experience Mexc’s exceptional trading services, visit the MEXC Official Website.
About Mexc Ventures
Mexc Ventures is a comprehensive fund under the MEXC Group, committed to empowering innovations in the cryptocurrency field through strategic investment, mergers and acquisitions, fund-of-funds (FOF), and project incubation. With over $100 million in assets under management and 300+ portfolio investments, Mexc Ventures actively seeks opportunities to collaborate and grow together with promising projects.
Learn more about Mexc Ventures by visiting their official website.
The Future of Web3 Beckons
The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. It is entirely community-funded and works tirelessly to support initiatives aligned with The Open Network’s mission. To learn more about TON Foundation and its ongoing efforts, visit https://ton.foundation.
The Open Network (TON) is on a mission to make crypto accessible to billions of people by building a Web3 ecosystem within Telegram Messenger. This ambitious project aims to empower individuals with digital identity, data ownership, and the ability to manage their assets securely. Get a glimpse of the future at https://ton.org/.
Let’s welcome the partnership between Mexc Ventures and The Open Network, as they pave the way for a more inclusive and user-friendly Web3 experience.
Contact:
TON Foundation
ton@theagencypartnership.com
Please note that this article is for informational purposes only and does not constitute financial advice. Invest wisely and do thorough research before making any investment decisions.
