Ton is a Layer1 blockchain originally designed by Telegram, capable of serving billions of users. It achieves fast, low-cost, and energy-efficient blockchain transactions. Ton's key advantage lies in its association with Telegram, which boasts 800 million monthly active users, allowing it to redirect user traffic to the Ton blockchain.
The Telegram Bot is currently the most prominent component of the ecosystem, with the most well-known and highest-valued project being Unibot. In less than half a year since its launch, Unibot has achieved a market value exceeding $150 million. Leveraging the vast user base of Telegram and its straightforward user-friendliness, it has captured the interest of many cryptocurrency users.
Background of the Ton Project
In 2018, Telegram founded the Telegram Open Network (TON) project, raising $1.7 billion through an ICO. However, in 2019, it faced accusations of illegal fundraising from the U.S. SEC. Consequently, in May 2020, Telegram's founder, Pavel Durov, announced the end of Telegram's involvement in blockchain development and initiated refunds to early investors.
Following Telegram's abandonment of the project, it was taken over by the developer community and rebranded as "The Open Network" with the native token TON. Telegram's founder publicly expressed support for the TON project.
In April 2022, the TON Foundation announced the establishment of the TONcoin Fund, a $250 million ecosystem fund. It received investments from exchanges and institutions such as Huobi, KuCoin, MEXC, 3Commas Capital, and TON Miners. This fund aims to support financing, incubation, hackathons, educational initiatives, and grants for projects built on TON.
In June 2023, DWF Labs joined the TON Accelerator Program with a $25 million investment. DWF Labs will contribute to the token economics, liquidity provision, and market-making of the TON ecosystem. Their support includes investments and other ecosystem services.
Ton Market Data
According to DeFiLlama data, TON has a Total Value Locked (TVL) of approximately $10.97 million, ranking 62nd among public blockchains. The highest TVL within the TON ecosystem is held by the DEX project Megaton Finance, accounting for 62% of the total.
As of September 6, 2023, the total supply of TON tokens across the network stands at 5,093,148,166 TON. There are 3,269,200 on-chain accounts, 344 validator nodes, and a total stake amount of 490 million, representing a staking ratio of 9.6%.
Additionally, the network boasts 6,793 full-time developers and 21,338 monthly active developers across the entire network. On the Ton blockchain, there are 39 full-time developers and 174 monthly active developers.
Telegram Ecosystem's Core Segment - Telegram Bots
Telegram Bots are automated programs on the Telegram platform that provide various DeFi trading tools. After entering your wallet mnemonic phrase, they can execute specific instructions for you, such as token swaps, copy trading, analysis, automatic airdrop trading, and cross-chain asset management.
The Telegram Bot segment can be broadly categorized into three types: trading bots, harvesting bots, and Q&A bots.
Trading Bots: This category includes projects like UniBot, WagieBot, BoltBot, OxSniper, and SwipeBot. These bots primarily use high-speed algorithms and infrastructure to facilitate rapid trading. Most of them are positioned as "Uniswap snipers," meeting users' demands for efficient and convenient trading. They share the common trait of fast transaction execution, but differ in specific features. For example, UniBot provides features like limit orders and mirror sniping, while SwipeBot focuses on user-friendliness, and OxSniper offers protection against MEV (Miner Extractable Value) exploitation.
Harvesting Bots: Represented by LootBot, these bots automate participation in airdrops and the harvesting of rewards. They bring innovation by addressing the inefficiencies of manual airdrop harvesting.
Q&A Bots: GenieBot is a prominent example in this category. Leveraging AI technology, it answers various cryptocurrency-related questions posed by users. This demonstrates the direction of future bot intelligence.
Hot Projects in the Telegram Bot Space
Unibot:
Unibot stands out as the fastest Telegram Uniswap sniper, capable of lightning-fast swaps and sniping. Users only need to pay a 1% transaction fee. Its exceptional speed is mainly attributed to advanced algorithms and a robust infrastructure. Unibot offers features like private nodes for sniping, private trading options for buying and selling tokens, wallet monitoring, and token tracking. Its founder, Aiden, previously worked at Apple. Unibot launched on the Ethereum mainnet on May 17, 2023, creating 1 million UNIBOT tokens during the genesis. During its issuance period, it increased liquidity by 100%, with a token burn rate set at 0.1% per day.
Lootbot
Lootbot is an automated airdrop interaction Telegram bot. Key features include automated airdrop harvesting, generating wallets, and automatic interaction with multiple EVM-compatible chains. It also provides airdrop tracking, including participation history, rewards received, and upcoming airdrops. To prevent Sybil attacks, it offers various planning routes to represent genuine on-chain interactions.
GenieBot
GenieBot is an AI-driven Telegram bot designed to address the problem of information overload and scarcity in cryptocurrency projects. Its objective is to provide a simple and reliable question-answering mechanism for users of specific cryptocurrency projects. By collecting all the necessary information about a project, the bot can answer various questions in a clear and understandable manner, reducing confusion.
For more analysis, please follow Aibit's media account for real-time updates! This article is for reference only, does not represent any position, and is not intended as investment advice. Investment is risky, caution should be exercised.
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