Cryptocurrency exchange MEXC and TON Foundation have entered into a strategic partnership to promote projects on the TON blockchain
Date: 2023-10-05 Author: Dima Zakharov Categories: BLOCKCHAIN, BUSINESS
MEXC Exchange and TON Foundation Form Strategic Partnership to Promote TON Blockchain Projects
In a significant development for the world of cryptocurrencies and blockchain, MEXC Exchange has announced a strategic partnership with the TON Foundation, the organization behind the Telegram-created blockchain known as The Open Network (TON). This partnership opens up new avenues for the development of the TON ecosystem and the Toncoin (TON) cryptocurrency, potentially impacting the global cryptocurrency market.
As is well known, the TON blockchain, created by the Telegram team, garnered substantial interest even before its official launch. Now, with the strategic partnership with MEXC, TON has secured substantial funding that will aid its development and global promotion. This event marks a pivotal moment in the project's history, adding further legitimacy to its endeavors.
A key aspect of this partnership is the waiving of trading fees for the Toncoin token on the MEXC exchange. Previously, fees for transactions involving this cryptocurrency were on par with those for most other assets on the MEXC exchange. This change could make Toncoin more accessible and appealing to traders and investors.
Financial Support for TON-Based Projects and Integration with Telegram Wallet
Additionally, MEXC Ventures has pledged to provide financial support to mini-applications and projects operating on the TON blockchain. This support encompasses projects such as the standalone protocol Megaton Finance, the gaming platform TONPlay, Fanzee, and Sonet. Backing these projects has the potential to stimulate innovation and diversity within the blockchain and cryptocurrency landscape.
Another intriguing aspect of this partnership is the discussion surrounding potential funding for the Telegram Wallet. Earlier this fall, Telegram integrated Wallet as a mini-application, enabling users to access various cryptocurrencies, including TON, Bitcoin, and USDT, directly from the messenger interface. This integration could significantly simplify cryptocurrency usage for millions of Telegram users.
