MEXC Ventures, a subsidiary of cryptocurrency exchange MEXC, has made a significant Investment in The Open Network (TON), representing the largest investment in a layer-1 Blockchain project that the firm has ever made. This investment is part of MEXC’s efforts to support the growth of TON’s ecosystem and promote global accessibility to Web3 technology.
MEXC Ventures’ investment will support TON-based projects such as Megaton Finance, TONPlay, Fanzee, and Sonet, and the firm plans to continue funding TON-based mini apps and projects. Additionally, MEXC’s exchange will provide marketing services and promotion for TON-based projects listed on their platform. In the future, MEXC also plans to introduce 0% Trading fees for Toncoin and provide a TON collateral lending service.
The TON Foundation acts as a bridge between nearly 800 million monthly active Telegram users and the Web3 ecosystem. The foundation aims to transform TON into a user-friendly platform that allows easy access to cryptocurrency assets. With the support of MEXC Ventures, the TON Foundation intends to build a Web3 ecosystem within the Telegram app, turning it into a major entry point for crypto assets.
Toncoin, the native cryptocurrency of TON, is used for executing smart contracts, using decentralized applications (dApps), and participating in governance on the TON blockchain. A portion of Toncoin has been allocated to the TON Foundation to support the Development of the ecosystem. The TON ecosystem already includes various applications, such as wallets, DeFi protocols, decentralized exchanges, games, NFTs, cross-chain bridges, and social platforms.
MEXC’s investment in TON highlights their belief in the potential of the TON blockchain to build a Web3 super-app ecosystem on Telegram. The collaboration between TON and MEXC is expected to strengthen both entities as they prepare for the next market cycle.
MEXC is a centralized cryptocurrency exchange known for its high-performance matching technology and low trading fees. With over 10 million users in more than 170 countries, MEXC has maintained a leading position in the cryptocurrency industry. MEXC Ventures, a comprehensive fund under MEXC Group, supports cryptocurrency innovations through strategic investments, M&A, FOF, and project incubation.
The TON Foundation is a non-profit organization funded by the community and based in Switzerland. Their goal is to support initiatives that align with the mission of The Open Network, which aims to bring crypto to a wider audience through the integration of Web3 technology into the Telegram Messenger.
Overall, MEXC Ventures’ investment in TON reflects their commitment to promoting global accessibility to Web3 technology and supporting the growth of the TON ecosystem. This partnership between MEXC and TON is expected to drive the development of innovative tools and services that make crypto assets more accessible to users..
#MEXC #Ventures #Invests #Figures #Toncoin #Launches #Strategic #Partnership #TON #Foundation
MEXC Ventures’ investment will support TON-based projects such as Megaton Finance, TONPlay, Fanzee, and Sonet, and the firm plans to continue funding TON-based mini apps and projects. Additionally, MEXC’s exchange will provide marketing services and promotion for TON-based projects listed on their platform. In the future, MEXC also plans to introduce 0% Trading fees for Toncoin and provide a TON collateral lending service.
The TON Foundation acts as a bridge between nearly 800 million monthly active Telegram users and the Web3 ecosystem. The foundation aims to transform TON into a user-friendly platform that allows easy access to cryptocurrency assets. With the support of MEXC Ventures, the TON Foundation intends to build a Web3 ecosystem within the Telegram app, turning it into a major entry point for crypto assets.
Toncoin, the native cryptocurrency of TON, is used for executing smart contracts, using decentralized applications (dApps), and participating in governance on the TON blockchain. A portion of Toncoin has been allocated to the TON Foundation to support the Development of the ecosystem. The TON ecosystem already includes various applications, such as wallets, DeFi protocols, decentralized exchanges, games, NFTs, cross-chain bridges, and social platforms.
MEXC’s investment in TON highlights their belief in the potential of the TON blockchain to build a Web3 super-app ecosystem on Telegram. The collaboration between TON and MEXC is expected to strengthen both entities as they prepare for the next market cycle.
MEXC is a centralized cryptocurrency exchange known for its high-performance matching technology and low trading fees. With over 10 million users in more than 170 countries, MEXC has maintained a leading position in the cryptocurrency industry. MEXC Ventures, a comprehensive fund under MEXC Group, supports cryptocurrency innovations through strategic investments, M&A, FOF, and project incubation.
The TON Foundation is a non-profit organization funded by the community and based in Switzerland. Their goal is to support initiatives that align with the mission of The Open Network, which aims to bring crypto to a wider audience through the integration of Web3 technology into the Telegram Messenger.
Overall, MEXC Ventures’ investment in TON reflects their commitment to promoting global accessibility to Web3 technology and supporting the growth of the TON ecosystem. This partnership between MEXC and TON is expected to drive the development of innovative tools and services that make crypto assets more accessible to users..
#MEXC #Ventures #Invests #Figures #Toncoin #Launches #Strategic #Partnership #TON #Foundation
