The TON “primer” white paper (archive) says the ICO funds will likely be used for “the growth of Telegram and TON and for the continuing expenses required to help the growth of the ecosystem.” That’s, they will use the cash to pay Telegram’s common bills – and in addition, develop some blockchainy thing.
– Turn out to be a Validator
Turning into a TON community validator requires entry to excessive-efficiency hardware on a highly obtainable network, as well as access to a large degree of Toncoin as a stake. Validators stake Toncoin for a hard and fast particular term, and the stake is refunded with interest after the completion of a validation round. Open-supply software is out there for people who wish to turn into validators.
Will it cause the value of ether to go up?Ether is down about 56% since the start of the yr, and plenty of are hoping the Merge will revive its worth. This has been a hotly debated matter inside crypto circles in latest months, and no one is aware of for sure what the Merge will do the ether’s price.
Curiously sufficient, Telegram CEO Pavel Durov stated in a message posted in December 2021 that he wished success for Toncoin and that he was glad to see that other builders are persevering with the work that Telegram began. Despite Durov apparently being a fan of the undertaking, we should clarify that Toncoin is being developed independently from Telegram.
Right now, Aave is earning just shy of $1M per day in revenue with a majority of that going to lenders. Meanwhile, Compound has taken a latest dip, possible as borrowers migrate to Aave for https://tegro.io/ its liquidity mining program, because the interest charge protocol generates $550K per day for LPs.