TONUSD – A unique digital asset backed by the power of liquidity providers

adminApril 15, 2024

TonUSD is an ambitious cryptocurrency project that aims to create a sustainable and trustworthy stablecoin on the Telegram Open Network (TON) blockchain platform. With a mission to provide efficient, secure and transparent payment solutions, TonUSD aims to become a superior medium of exchange and store of value within the TON ecosystem as well as the decentralized finance (DeFi) world.

tonUSD

The TonUSD project was created to address the existing problems of traditional financial systems, the volatility of cryptocurrencies, the lack of transparency and efficiency in cross-border transactions, and the complexity of accessing financial services. TonUSD leverages the power of blockchain technology and the scalability of the TON network to provide comprehensive and easily accessible solutions to users around the world.

One of the key features of TonUSD is its mechanism for maintaining the stability of the currency through the use of Liquidity Providers (LPs) and a flexible trading fee policy. This ensures that the value of TonUSD remains fixed and stable, preventing the high volatility experienced by many other cryptocurrencies. At the same time, applying TON blockchain technology will also improve the security, transparency and efficiency of all transactions involving TonUSD.

Additionally, TonUSD is building a diverse and rich ecosystem that includes decentralized applications (DApps) such as storage wallets, exchanges, lending platforms (Defi), and NFT marketplaces. This opens up numerous opportunities for TonUSD users to manage their assets and engage in financial and entertainment activities on the TON platform.

With the vision of becoming a leading stablecoin and contributing to the development of the TON ecosystem, the TonUSD project is committed to providing users with optimal solutions and experiences while promoting innovation and development in the field of decentralized finance.

TonUSD Foundation

The TonUSD Foundation is a non-profit organization whose primary goal is to create and manage the ecosystem of TonUSD, a stable cryptocurrency running on the TON blockchain.

TonUSD Foundation’s main goals:

Creating a stable and secure currency: This helps improve the liquidity and stability of financial transactions on the TON blockchain platform.

Building a decentralized and flexible financial ecosystem: The goal is to make financial services easily accessible and usable for everyone without relying on traditional intermediaries.

TonUSD Ecosystem Development and Expansion: Collaborate and partner with interested organizations and individuals to expand and develop the TonUSD ecosystem. It can be said that TonUSD is not just another stablecoin. It is a unique digital asset backed by the power of liquidity providers.

TonUSD Operating Mechanism

The TonUSD issuance and redemption process is designed to be simple, transparent, and efficient.

Only users who own Minter NFTs can mint TonUSD according to their NFT quota and pay the issuance fee. Likewise, only users who own Redeemer NFTs can redeem TonUSD and receive that amount of TON, plus pay redemption fees.

50% of profits from minting, redemption and exchange fees are added directly to the treasury pool. Users can share in the profits of this pool by staking TonUSD.

The Phoenix mechanism and the Dragon mechanism are safety mechanisms activated to bring the price of TonUSD back to 1 USD.

phoenix event

dragon event

TonUSD NFT shares are non-fungible tokens that represent ownership and benefits within the TonUSD ecosystem. The TonUSD NFT share issuance aims to drive community participation and support while creating a fair and transparent allocation mechanism.

Initial NFT offering:

The total supply of NFT shares will be predetermined and sold over two rounds in the second quarter of 2024. The first private sale round and the remaining public sale rounds (if there are any NFTs left).
Each issuance round has a certain number of NFT shares, which are sold through direct sales.
Users can only purchase NFT shares with TON.
All remaining NFTs will be burned.

Genesis NFT Sales