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Formation of the gaming industry in the Free TON ecosystem

MEDCO — Wed, 21 Jul 2021 17:50:53 GMT

Formation of the gaming industry in the Free TON ecosystem

One of the promising commercial areas in Free TON is devoted to the creation and promotion of online games written in the blockchain environment. The main settlement tool in various games is the TON Crystal token. Players deposit these coins as game bets or contributions, receive prizes or rewards with them.

Read more about games in the Freе TON ecosystem and their developers here.

Author:
Oleksandr Petrovich Overchuk
financial expert
LinkedIn

Ensuring high-quality operation of the Free TON network

MEDCO — Wed, 21 Jul 2021 17:43:17 GMT

Ensuring high-quality operation of the Free TON network

As noted earlier, a team of validators is working to ensure smooth and fast transaction processing. Their task is to carry out formal verification of blocks of information related to operations in the Free TON blockchain. To carry out validation activities, periodically competitions are held for their professional selection. Winners are usually provided with around 700,000 TON Crystal from the Free TON community to ensure validation.

However, this is not enough. In order to obtain the right to process the data, the validator must be selected. This is done by voting, which implies the temporary provision of tokens by Free TON participants for staking to the validator.

The validator and the staker earn their profit in proportion to the specified conditions.

Validators provide some of the free computing power, thereby providing a truly decentralized Free TON blockchain network.

It is profitable for the owners of Crystals who keep tokens in wallets for a long time to place their assets in staking. You should also remember about the risks of losing part or all of the staker's tokens in case of gross violations on the part of the selected validator.

Author:
Oleksandr Petrovich Overchuk
financial expert
LinkedIn

Exchange activity on the basis of Free TON TON SWAP exchange

MEDCO — Wed, 21 Jul 2021 17:32:53 GMT

Exchange activity on the basis of Free TON: TON SWAP exchange

A landmark event in the summer of 2021 was marked by the launch of a truly decentralized exchange TON SWAP

In addition to the free conversion of some types of cryptocurrencies to others, the Farming function has been launched on the exchange, which provides an opportunity for participants to earn profit (% of commission) from the amounts of exchange transactions, providing their tokens to support liquidity (creating liquidity pools). At the initial stage, additional bonus programs are also provided to involve more market makers in farming.

The list of crypto-exchanges where TON Crystal coins are freely traded, you can find here

Author:
Oleksandr Petrovich Overchuk
financial expert
LinkedIn

Creation of digital assets based on the Free TON platform

MEDCO — Wed, 21 Jul 2021 15:03:49 GMT

Creation of digital assets based on the Free TON platform

For the first time, NFT technology was talked about in 2012, when the startup Colored Coins proposed the concept of non-interchangeable tokens based on the Bitcoin blockchain. Two years later, Counterparty added his own solution to the NFT experiment. But it wasn't 2017 that the first NFT smart contract based on the Ethereum blockchain was created. Then the gaming startup CryptoKitties opened trading in unique crypto kittens and earned $ 2.7 million in a week. According to DappRadar, in the first quarter of 2021, the trading volume of NFT tokens amounted to more than $ 1.5 billion.

Most modern NFT solutions are built on the Ethereum blockchain ecosystem. However, the platform has high gas fees and limited transaction speed. Despite the fact that the Free TON ecosystem is at the very beginning of its formation, blockchain developers are working on NFT solutions where these problems are absent.

In the Free TON ecosystem, NFT SubGovernance (sub-management) was created - a specialized working group created in mid-April 2021 to develop the NFT direction on the Free TON blockchain.

The most important properties that NFT tokens will have in the future include:
- possibility of use as collectibles,
- can be the object of investment,
- can act as collateral,
- certification of ownership of assets,
- storage of information that is the subject of intellectual property (film, music, speech, picture, animation, etc.),
- the ability to be a carrier of advertising,
- the possibility of reselling the token partially or completely.

Author:
Oleksandr Petrovich Overchuk
financial expert
LinkedIn

Investment banking in the Free TON blockchain

MEDCO — Wed, 21 Jul 2021 14:36:35 GMT

Investment banking in the Free TON blockchain

Based on the fundamental properties of the TON Crystal token of the Free TON ecosystem - the ability to safely, anonymously and almost instantly transfer coins between users' wallets, it is necessary to study in detail the different options for investment banking operations, using TON Crystal as a basic settlement tool. The first steps in this direction began to take the initiators of the projects TON Seed and TON Ventures Hub. These projects are designed to identify promising commercial projects at different stages of development and organize financing for them.

It is important to note that in conditions of high volatility of TON Crystal, it is necessary to introduce an effective risk management system in the investment strategy of investment banks to neutralize the negative impact on the token rate.

All financed projects should be provided on the terms of payment, repayment and security, as in classical bank lending.

When funding startups, investors should take a syndicated approach to providing investments.

Author:
Oleksandr Petrovich Overchuk
financial expert
LinkedIn

Prelude

MEDCO — Wed, 21 Jul 2021 02:29:35 GMT

Prelude.

After the failed attempt of the Telegram messenger team to conduct an ICO of its own Gram coins, a team of enthusiasts (Free TON Management) against the odds took the initiative into their own hands and independently launched an ecosystem called Free TON (FT).

The main characteristic feature of the FT blockchain system from an economic point of view is that its TON Crystal tokens are NOT subject to sale on the primary market, but are distributed among the teams of developers, validators, participants of sub-governance (SG) held on the basis of competitions. This means that further resale of Crystals occurs exclusively in the secondary market. The exchange price of FT ecosystem tokens displays the current market value (cash equivalent) of the value of the entire project. The FT is not a speculative project, but redistributes its tokens in proportion to the contribution to the development of the ecosystem, both of a particular participant and development teams.

In modern conditions, with the active development of the Free TON blockchain project, there is a huge potential for studying this technological platform in the context of application in various spheres of international socio-economic relations. Taking into account the graphic symbol of the Free TON community in the form of a crystal in the form of a symmetrical cut, symbolizing the value of this project, like the jewel of a large diamond stored in the treasury of a diamond mining company, I want to emphasize the great opportunities for conducting promising research and training within the framework of the Free TON Academy of various topics and directions of our multifaceted crystal. At the initial stage of Free TON research, I consider the following topics to be appropriate for training: the technological foundations of the Free TON ecosystem; promising areas of application of Free TON blockchain options; the history of quasi-denominates as precursors of tokens issued on the blockchain for a deeper understanding of the economic essence of settlement instruments; prospects for the creation of financial structures that could provide financial and banking services based on the Free TON (DeFi), blockchain legal adaptation of technological solutions developed on the basis of the Free TON blockchain for widespread use in different countries.

At the next stage, you can consider the possibility of forming faculties, for example, information technology (IT), economic and legal. Where students could more deeply comprehend the wisdom of blockchain depending on their priorities, considering our "crystal" in 3D format

Considering the logo of the FT community in the form of a "crystal", the general essence of the project is seen, which is based on "versatility" and "interconnectedness".

TON Crystal can be considered as:
- means of payment,
- means of accumulation and reservation,
- "gas" or "raw materials" for servicing (processing) transactions (the activities of validators and token holders who have transferred their tokens to staking), as well as the production of new digital assets (creation of NFT tokens, digital money, tokens of other projects and much more),
- means of exchange circulation (including for pharming),
- the subject of the pledge.

The FT blockchain system, unlike other blockchains, is environmentally friendly, since it does not provide for energy-intensive (consumption of electricity) and resource-intensive (the need for expensive computing power) process of mining their tokens.

Summing up my brief overview, it should be noted that the Free TON platform creates the prerequisites for the creation and maintenance of the "newest economy" in terms of diverse versatility, built on the basis of absolute decentralization, privacy and scalability. For the development of the global economy, FT options will help many people find new types of employment in the field of validation, sacking, asset management, exchange activities, creation of NFT tokens, investment banking operations and content creation for sites based on the decentralized Internet of the third generation (Web 3.0).

Author:
Oleksandr Petrovich Overchuk
financial expert
LinkedIn