TonUP (UP): A Launchpad for Promising Projects on The Open Network (TON)
Bitget, a leading cryptocurrency exchange and Web3 company, has announced it will list the initial exchange offering (IEO) of the high-potential blockchain project TonUP on its Bitget Launchpad platform.
TonUP is an exciting Launchpad running on the The Open Network (TON) blockchain dedicated to discovering and fostering projects that present new opportunities to the community. Since launching, TonUP has received support from the TON Foundation, TONcoin.Fund, and ForesightX. TonUP’s mission is to support assets with great potential on TON and contribute to the ecosystem’s development.
Gracy Chen, Managing Director of Bitget, highlighted the company’s commitment to supporting development across various blockchains and ecosystems, stating, “This project demonstrates TON’s innovative potential and the support it offers, aligning with our dedication to providing users access to cutting-edge opportunities. Bitget has consistently expanded its market share in both spot and derivatives trading among centralised exchanges. The platform aims to provide valuable investment opportunities by diversifying its offerings.”
What is TonUP (UP)?
TonUP is a launchpad on The Open Network (TON). It is created to address the asset gap in TON and provide a supportive environment so new projects can take off successfully. TonUP’s choice to build on The Open Network is grounded in a deep understanding of TON’s potential and unique offerings. TON, a high-performance Proof-of-Stake (PoS) public chain, was first proposed by the Telegram team. Built with a focus on supporting large-scale applications, TON aligns with the principles of freedom and openness of decentralisation.
The technical structure of TON, employing a low-level FunC programming language and progressive sharding technology, provides TonUP with a significant edge. This translates into impressive Transactions Per Second (TPS) without the constraints faced by other blockchain networks. TON’s success is evident, with over 3M active wallet addresses and a thriving ecosystem.
How Does TonUP (UP) Work?
TonUP functions as a launchpad for promising projects on TON, aiming to fill the asset gap and provide robust support for the crypto community. Besides offering the usual IDO service, the platform introduces a novel concept, the Community Protection Plan (CPP), to safeguard the interests of IDO community members.
The CPP comprises two key components: the Liquidity Supervision Plan and the Price Protection Plan. Projects participating in the Liquidity Supervision Plan commit a significant portion of their fundraising amount into DEX to form Liquidity Pools which are jointly supervised by TonUP through multi-sig. This ensures the quality of the project and protects the community when the project goes live.
The Price Protection Plan sets a minimum price protection, offering a safety net for token prices within a specified period after the project launches. TonUP also supervises a part of the fundraising amount within this plan, providing a layer of security for investors.
TonUP is designed for a diverse audience within the crypto space. For project developers, it offers a secure and supportive launchpad, complete with marketing services and community-building initiatives. Established and new projects alike can tap into TonUP’s expertise to enhance their visibility, reputation, and community engagement.
On the other side of the spectrum, TonUP caters to crypto enthusiasts and investors looking for promising projects within the TON ecosystem. The Community Protection Plan ensures a level of safety and transparency rarely seen in the crypto space, fostering a community-driven approach to decision-making.
UP Goes Live on Bitget Launchpad
As TON continues to attract attention and stimulate growth, TonUP stands at the forefront, offering a bridge between promising projects, the crypto community, and a decentralised future on The Open Network. The UP token becomes not just a utility but also a symbol of shared ownership and commitment to the collective success of the TonUP ecosystem.
Dive into the TonUP Ecosystem – Get UP on Bitget Launchpad from December 17, 2PM to December 20, 2:00 PM (UTC+8).
TonUP’s future prospects shine brightly, driven by its unique proposition within the TON ecosystem. The introduction of the UP token and the upcoming TonUP DAO positions the platform as not just a launchpad but a dynamic force steering the growth of TON.
TonUP’s commitment to community protection, evidenced by the CPP, sets a new standard for safety and transparency in the crypto space. The integration of community values into the very fabric of TonUP’s operations builds trust and lays the foundation for sustainable, long-term success.
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About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organiser PGL.
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