Finding bemo: Your ultimate app for staking on the TON Blockchain

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As a seasoned crypto investor with experience in various blockchains, I’m excited about the potential opportunities in the Decentralized Finance (DeFi) sector, specifically on the TON blockchain. The ability to stake digital assets and earn yield has been a game-changer for many investors, including myself.

The Decentralized Finance (DeFi) realm keeps revealing impressive prospects for those involved. One such intriguing method is staking, which empowers digital asset holders to deposit or lend their assets on a blockchain network and gain returns in the process. bemo aims to enhance this potential on the TON blockchain.

The Open Network (TON) represents a decentralized and open-source blockchain platform dedicated to realizing a democratic internet. Originally dubbed Telegram Open Network, it later adopted its current name but continues to leverage the solid foundation provided by Telegram’s infrastructure. This dynamic network has flourished into an engaging environment for both developers and crypto enthusiasts.

DeFi activity continues to grow on the TON blockchain 

As a researcher studying decentralized finance blockchains, I’ve found that one key metric to evaluate a blockchain’s commercial activity is its Total Value Locked (TVL). For the TON blockchain, I noticed that TVL surpassed $200 million in May 2024, marking a nearly fourfold increase from the beginning of the year. This significant growth in TVL has also led to an uptick in total active wallets, market capitalization, and overall excitement within the ecosystem.

DeFi blockchains prosper with high levels of usage. Ethereum maintains its leadership position, despite scalability challenges, due to the large number of tokens adhering to the ERC-20 standard. Consequently, this presents an opportune moment for developers aiming to create diverse projects on the blockchain. The more extensive the functionality across the ecosystem, the greater the benefits for all involved parties.

What bemo achieves for users 

BeMo is a trailblazing decentralized application running on the TON blockchain, enabling users to effortlessly take part in the ecosystem through token staking. This user-friendly staking platform allows token holders to secure their TON tokens while maintaining flexibility for engaging in other DeFi initiatives.

With standard staking in DeFi, you commit your tokens to a platform, restricting their usage to some extent. In contrast, bemo allows you to “stake and earn,” enabling you to maintain the flexibility to engage in other DeFi opportunities while still accumulating rewards.

As a researcher exploring the world of decentralized finance, I’m thrilled to share that Bemo has eliminated any entry barriers with no minimum staking requirements. Furthermore, Bemo offers an enticing incentive program for users to sign up for future BMO token airdrops. The solid infrastructure of its native blockchain ensures a thriving ecosystem for all users, offering scalability and efficiency that is second to none.

Staking on bemo

Users will find it simple and intuitive to stake Tonkoom (bemo), as all they need to do is transfer their Ton coins to bemo smart contracts. In exchange, they’ll receive corresponding staked Tonkoom tokens (stTON). This digital token signifies the amount of Ton coins a user has staked within the network pool. As validators for transactions on the network, stakers will then be rewarded with additional stTON tokens.

Users of the stTON platform can passively generate income from their holdings without the need for additional actions. The platform’s pricing mechanism is designed to mirror the true worth of digital assets within the staking pool, resulting in users earning both staking rewards and potential token value growth. This leads to an enhancement in the overall value of the assets locked within the pool.

On this platform, the advantage lies in users being able to make full use of their tokens during the staking process. Consequently, token owners can put their staked tokens to work by utilizing them for various purposes.

1. Contribute liquidity to integrated decentralized exchanges like DeDust and STONfi, earning a portion of the rewards in return.

As an analyst, I would express it this way: Having stTON in my digital wallet opens up a world of opportunities, extending beyond just the native platform. The flexibility and versatility of these tokens set bemo apart, positioning them as innovators in the digital finance sphere. Moreover, the broader applicability of these tokens holds great potential for substantial returns. However, it’s crucial to remember that the digital finance sector carries inherent risks which users must acknowledge before making any investment decisions.

Moreover, Bemo offers a reward system and an upcoming token distribution for dedicated users. Users earn stXP points through staking, which serve as qualification marks for forthcoming BMO token drops scheduled in the last quarter of 2024.

The big picture 

As a crypto investor on the TON blockchain, I’m thrilled about BEMO as it offers an exceptional way to broaden my staking horizons. Instead of being confined to earning passive rewards from my locked tokens, this app presents an opportunity to actively use my staked tokens and generate additional income from various platforms. The potential compounded gains make BEMO a far superior choice for me compared to most staking applications.

As a crypto investor, I’m excited about the potential of the TON DeFi ecosystem due to its strong foundation. The infrastructure provided by TON opens up countless possibilities for growth, which is something that users, including myself, eagerly anticipate and hope to capitalize on in the long term.

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2024-05-28 20:08