We are thrilled to share the news of our latest listing of Free TON this coming Tuesday, 15th December 2020 at 22:00 UTC. Bitcoin.com Exchange will be the first major cryptocurrency exchange in the industry to list Free TON on the platform. The new blockchain platform created by the former developers of the Telegram Open Network will be trading with BTC and USDT pairs on Bitcoin.com Exchange.
What is Free TON?
Free TON is a peer-to-peer multiblock system built on the TON protocol with a native token called TON Crystal (TON). Free TON states it is a community project which uses the Telegram developed open source “TON OS” as a virtual Operating System to run smart contracts and decentralized applications. TON OS is designed as a decentralized operating system to handle decentralized applications. Boasting more features than the Ethereum Virtual Machine which only strictly runs code.
The decentralization of a proof-of-stake blockchain network is achieved by:
- Several independent validators, so there is no single interested party.
- Public TONs distribution among many users to prevent centralization of staking power.
- Several teams of Developers are working on the protocol design, including its specifications, core software, and compilers.
Free TON is close to exceeding 400 validators by the time of an anticipated mainnet announcement scheduled for December 22, 2020. This makes Free TON the most decentralized PoS network. Importantly, these validators were chosen through a series of contests in Q3 2020 where teams were competing on performance. Partnerships can be found here.
Free TON would like to provide equal economic opportunities for people around the world with a new, more effective way to govern public finance, without the external influence from political elites. The creators of the project firmly believe in freedom of speech, information sharing, and free software.
The main objectives of Free TON:
- To allow continuous debugging and development of the Free TON protocol
- To drive the wide adoption of decentralized solutions by millions of users
- To accommodate future development scenarios
- To ensure that original protocol developers can participate once it is permitted
- To ensure uniform development of a single network and to discourage unnecessary forking
Why should you use Free TON?
Free TON is a high-tech project with a strong underlying infrastructure and development plan. It claims to be the fastest blockchain currently, with the highest performance and lowest latency. The network is capable of 40 to 60 thousand operations per second. Free TON is the first multi-threaded, multi-sharded blockchain with Dynamic Mapping (automatic data refresh).
Nevertheless, the network does not have an owner or centralized management that decides what should be done or when, nor what tools or projects should run on it. Instead, Free TON practices decentralized governance principles empowering the community to engage, contribute, and make decisions.
What pairs will be listed?
Did you know?
Free TON is widely known as an underrated token by the crypto community, due to its current stance of active validators compared to its circulating supply.
Free TON does not support any token sales. Instead, the Free TON community practices a meritocratic token distribution model where ton crystal tokens are distributed for free to the community against the contribution to the ecosystem. It is done either through contests or through collaboration proposals with partners who want to enable their use case on the Free TON network.
Please note that Free TON is not affiliated with Telegram Inc.
Get ready to trade Free TON on Bitcoin.com Exchange. Deposits, trading, and withdrawals will open on Tuesday, December 15th at 22:00 UTC.