Top 3 Promising TON-Native Coins Backed with Real Ecosystem Utility

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This text discusses three projects in the TON ecosystem that are making significant strides: Notcoin, GOMINING, and STON.fi (STON). Each project is unique in its approach to utilizing the TON blockchain.

As a researcher studying the dynamic landscape of cryptocurrencies, I’ve observed remarkable progress within the The Open Network (TON) ecosystem this year. With its massive user base of over 900 million monthly active users (MAU), Telegram serves as one of the largest distribution channels for individuals with an interest in Web3 technologies.

As TON‘s value surges, with a market cap currently at $18.26 billion and reaching an all-time high of $8.25 on June 15, 2024, many projects have arisen within the ecosystem, garnering interest from the crypto community. The TON platform now hosts over a hundred coins, divided into different groups like utility tokens, meme coins, DeFi projects, and NFT-related tokens. Recent data indicates that the TON blockchain is quite active with approximately 4.70 million transactions daily, around 367K active wallets, and roughly 8.1 million NFTs created. Furthermore, there are about 50.84 million Toncoin locked in liquid staking. Notably, USDT (Tether) integration on TON is now operational across over 60 global platforms, including marketplaces, travel sites, exchanges, and wallets, enhancing the connectivity of the TON blockchain.

Despite the fact that the TON ecosystem is currently overwhelmed with speculative coins and unpredictable meme tokens, there are some coins within this network that provide genuine utility and have a strong potential for long-term investment. Among TON’s impressive roster of projects, three stand out with robust foundations and a formula for success in the long term. In the aftermath of the halving event, the overall expansion of the crypto market is anticipated, which could significantly benefit these projects.

1. Notcoin (NOT)

Open Builders’ project Notcoin (NOT) has generated significant buzz within the TON network. Introduced as the inaugural tap-to-earn initiative in crypto and Web3, Notcoin debuted as a Telegram mini-app in January and swiftly gained popularity among gamers. With over 35 million registered players and approximately 6.5 million daily active users, participants can earn real NOT tokens by engaging in the game and contributing to community events.

As an analyst, I’ve examined the Notcoin airdrop, where tokens were given to a community of 11.5 million individuals, resulting in a staggering value of approximately $2.5 billion. Subsequently, the NOT token became available on prominent cryptocurrency platforms like Binance. Currently, the gaming community holds roughly 65 trillion game coins in aggregate.

As a researcher exploring the features of Notcoin, I’ve discovered some exciting ways to earn additional income within the game. By completing tasks and referring friends, players can boost their earnings. Tasks consist of subscribing to specific Telegram channels and engaging in community activities. Inviting friends to join Notcoin also yields rewards, with extra bonuses for Premium Telegram users. Moreover, joining squads and participating in leagues (Bronze, Silver, Gold, Platinum, Diamond) can lead to collective rewards and competitive advantages.

As a crypto investor, I’d describe it this way: The total circulation supply of NOT tokens amounts to 102.7 billion. Out of this figure, around 78 billion tokens were allocated for early miners and voucher holders, while the remaining 22 billion are set aside for new users and development purposes. Notably, a conversion ratio of 1:1000 connects in-game Notcoins to NOT tokens. Furthermore, Notcoin incorporates a burn mechanism to decrease token supply, with approximately $3 million worth of NOT tokens already destroyed from the market. Plans are underway to either burn or distribute an additional $5 million worth of tokens in the future.

In the future, Gold and Platinum members stand to gain a total of $4.2 million in Notcoins as part of the Notcoin Explore initiative. Notably, Notcoin Explore, a platform for introducing Web3 projects, has experienced substantial growth. Over 200 projects have initiated community activities using Notcoin, engaging approximately 22.5 million users. The minimum funding requirement for campaigns is set at $20,000 in Notcoin tokens, while the average cost for completing a campaign ranges from $0.10 to $0.20.

2. GOMINING 

As a token analyst, I’d describe GOMINING as a distinctive utility token on a mining platform that simplifies entry for individual users and OTC traders by tokenizing hashrate. GoMining, an established Bitcoin mining company with nine global data centers, is the native issuer of this TON-based token. Notably, Ethereum (ERC-20) and Binance Smart Chain (BEP-20) versions of GOMINING tokens are also integrated within their ecosystem.

GoMining introduces an innovative concept: NFTs (Non-Fungible Tokens) representing digital mining rigs, each linked to genuine computing power ranging from 1 to 5,000 TH/s. This is facilitated via the Liquid Bitcoin Hashrate (LBH) platform. In this setup, while the actual mining hardware and its corresponding hashrate are housed in GoMining’s data centers, users acquire digital miners symbolizing their portion of the computing power. Users have the flexibility to buy as low as 1 TH/s and effortlessly upgrade their miners’ power and energy efficiency with a few simple clicks.

GOMINING tokens serve multiple purposes on this platform. They facilitate purchases and enhancements of NFTs, as well as offset daily maintenance fees with a 10% discount. The user-owned mining hashrate power has surged, reaching approximately 4,524,801 Terahashes per second (TH/s) at present. Approximately 67.5% of the electricity costs for roughly 70,000 digital miners are settled using GOMINING tokens, amounting to over $100,000 daily or $3 million monthly. This continuous demand for GOMINING due to electricity savings highlights its practicality.

As a researcher studying GOMINING, I can tell you that one of its distinctive characteristics is its deflationary tokenomics. I collect tokens as payment for electricity, and a significant portion of these tokens gets burned regularly. This process decreases the number of circulating tokens and boosts the value of each remaining token. For instance, around July 2024, approximately 17% of the tokens earned from electricity payments were permanently removed from circulation by burning. The target supply is set at 100,000,000 tokens, meaning over 15,000,000 of the initial 436,915,240 tokens have already vanished. This tokenomics design, combined with other elements, has led to a remarkable price increase of 138% for the token during the past year.

As a token analyst, I’d rephrase it as follows: The GOMINING tokens I hold can also serve staking functions. Currently, approximately a quarter of the entire GOMINING token pool is committed for a prolonged duration exceeding two years. In return, token holders like me stand to earn an attractive annual percentage rate (APR) of up to 22%. This substantial lock-up indicates robust community backing and a strong commitment towards the project’s long-term success.

The outlook for GOMINING is strengthened by industry endorsement, as illustrated by Bitscale Capital’s latest $3 million investment. This global venture capital firm purchased $3 million in GOMINING tokens and NFTs, thereby securing an equity stake. Financially speaking, this project appears to be a solid bet for the future.

3. STON.fi (STON)

STON.fi, a Decentralized Automated Market Maker (AMM) based on the TON blockchain, offers users effortless and immediate exchanges of Toncoin for any coin or token at optimal rates. With virtually no fees and minimal price adjustments, STON.fi distinguishes itself through its user-friendly interface and direct compatibility with TON wallets, catering to both new and skilled traders.

As a researcher studying STON.fi, I can highlight one of its standout advantages: the platform boasts minimal to no slippage. This is attributable to intricate algorithms and meticulously managed liquidity pools. The underlying TON blockchain’s affordable transaction fees further translate into negligible trading costs on STON.fi, providing a remarkably cost-effective and enjoyable user experience.

From a crypto investor’s perspective, STON.fi currently showcases noteworthy figures. The Total Value Locked (TVL) stands at an impressive $302.77 million, while the market capitalization is estimated at a substantial $24.93 million.

As an analyst looking ahead, I see an ambitious roadmap for STON.fi. In the initial phase, we will introduce Software Development Kit (SDK) cross-chain capabilities and integrate TON and TRON. Moving forward in Phase II, we’ll extend cross-chain capabilities to Polygon and other Ethereum Virtual Machine (EVM)-compatible chains, as well as implement stableswap routing for more efficient stablecoin swaps.

I, as an analyst, anticipate that as the platform advances, it will introduce several revolutionary features that are projected to significantly boost its value and appeal in the Decentralized Finance (DeFi) sector.

Conclusion

In the thriving TON ecosystem, Notcoin, GOMINING, and STON.fi are spearheading the advancement. Notionally, Notcoin is alluring millions of gamers with its unique approach to in-game monetization, establishing itself as a significant player within the Web3 realm. GOMINING revolutionized Bitcoin mining by introducing the concept of tokenizing hashrate, thereby disrupting traditional mining methods. Moreover, STON.fi is pushing the boundaries of DeFi with its emphasis on accessibility, gearing up for an extensive growth phase. Collectively, these projects are sparking a wave of inventiveness and creativity that exhibits no signs of abating, potentially ushering in an auspicious future.

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2024-07-10 22:17