TON Ecosystem's Response to Notcoin Listing Challenges: Compensation Plan Unveiled

The TON ecosystem recently faced challenges during the listing of Notcoin, prompting a strategic response to mitigate user losses and stabilize operations. Here's a breakdown of the compensation plan and measures taken:

TON Ecosystem Overwhelmed by Notcoin Listing Surge

During the Notcoin listing on May 16, the TON ecosystem encountered unprecedented activity levels, resulting in a surge in user transactions. This surge overwhelmed the system, causing disruptions such as database issues and functionality slowdowns, particularly affecting Wallet operations. Despite efforts to resolve these issues swiftly, some users experienced difficulties accessing funds and processing transactions.

Notcoin Compensation Plan

In response, the TON ecosystem devised a comprehensive compensation plan to address user losses and enhance user experience:

1. Additional Coin Credits: Users who opted for Wallet to receive Notcoin will receive an additional 10% of deposited coins, aiming to offset the 10% price drop observed post-launch.
2. Trading Fee Refunds: Sellers who encountered technical difficulties during transactions on May 16 and 17 will receive refunds for their trading fees.
3. USDT Bonuses and APY Increase: From May 16 to 22, there will be a 5x increase in USDT bonuses, accompanied by a 250% Annual Percentage Yield (APY) on USDT held in bonus accounts.
4. Waived P2P Market Fees: Transaction fees on the P2P Market will be waived for all users on May 20, 21, and 22, fostering favorable transaction conditions.
5. Rewards and Bonuses Extension: Active users depositing funds during specified campaigns will receive enhanced rewards, with a 250% APY on USDT held in the Earn account. Additionally, users holding Toncoin in their Earn accounts during the specified period will receive double Notcoin rewards. These promotions will be extended by a week to provide continued benefits to users.

TON Ecosystem's Compensation Plan: Navigating Challenges with Community Support

The total compensation, including the 10% airdrop on 570 million NOT and other benefits, amounts to over $10 million at the current rate. By implementing this compensation plan and extending promotional offers, the TON ecosystem aims to address user concerns, enhance trust, and foster a resilient and supportive community environment amidst challenging circumstances.