TonUP (UP): A Launchpad for Promising Projects on The Open Network (TON)

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Bitget2023/12/15 09:23

By:Bitget

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 decentralization.

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 TonUP (UP) Works

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 m arketing 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 decentralized 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)!

How To Get UP on Bitget Launchpad

Step 1: Go to TonUP (UP) Launchpad page.

Step 2: Click “ Register” to enter the IEO and earn lottery tickets for the chosen project. Be sure to mark the IEO timeline on your calendar to ensure you don't miss any periods.

Step 3: Accumulate BGB in your asset account during the snapshot period from December 17, 2PM to December 20, 2:00 PM (UTC+8).

Step 4: Return to the Launchpad page at the designated time to check if you hold any winning lottery tickets.

Step 5: Exchange your BGB tokens for IEO tokens during the commitment period, if you have winning lottery tickets. Even if you don't win any lottery tickets, you can still receive new tokens as proportional consolation rewards based on the total number of tickets you hold.

For detailed instructions, please read Buy and Earn Hot New Tokens Directly on Bitget Launchpad .

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.

Get UP now on Bitget Launchpad!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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