A detailed list of recent TON projects that have raised funds but have not yet issued tokens

Author: DetectiveTON Source: X, @Detective_TON

After the arrest of Telegram founder Durov, the TVL on the TON chain has gradually stabilized and recovered. In the fourth quarter, potential protocols such as Blum and PixelSwap will usher in TGE. Sui's popularity has remained high recently, which has indirectly brought higher attention to TON, which is also a non-EVM L1 public chain camp. In the fourth quarter, the TON ecosystem is still in the blue ocean stage, with less competition and in the incubation period, and there may be unexpected gains.

Tomarket - A platform that integrates games, money making and trading

TGE time: October 31

Financing: BitgetWallet and Foresight Ventures participated in the investment

Official website: https://tomarket.ai/

Tomarket (TOMATO) is a decentralized platform that integrates games, money making and trading, all integrated into one easy-to-use platform. Built on Telegram and using the TON blockchain, Tomarket aims to simplify the way users interact with blockchain technology, allowing them to easily play games, make money and trade. The platform integrates functions such as games and airdrops, and also allows users to trade tokens on DEX.

The product experience is similar to most similar Mini-Apps.

1. Visit the game link on Telegram to complete basic tasks

2. Daily check-in to get tokens

3. Plant tomato trees and harvest tomatoes every hour

For some reason, the author has a sense of stealing vegetables in Happy Land in the 2000s. Tomarket officially announced that it will conduct TGE on October 31, and detailed token airdrop details will be announced in the near future. Tomarket uses a level system to determine the amount of airdrops each user can receive. Users can upgrade their levels by participating in platform activities before TGE to receive airdrop rewards.

Blum - A hybrid exchange that incorporates gaming and social elements

TGE time: expected Q4 2024

Financing: Binance Labs participated

Official website: https://t.me/BlumCryptoBot

Blum is a hybrid cryptocurrency trading platform. According to the official description, BLUM will provide a gamified user experience through the Telegram applet, allowing users to easily obtain various tokens, allowing users to access tokens of centralized exchanges (CEX) and decentralized exchanges (DEX) on a unified interface, and supporting more than 30 different blockchains. In addition to basic trading functions, Blum will also provide a series of value-added services, including AI-assisted trading guidance, peer-to-peer trading, and derivatives trading.

In March this year, Blum was selected for the seventh season of BNB Chain's Most Valuable Builder (MVB) program. On September 11, Blum received an investment from Binance Labs, and the specific amount was not disclosed.

Currently, Blum's trading function has not yet been launched, and it has mainly launched the Tap to Earn mini-game - users can earn points by clicking on the screen and playing mini-games. At present, the BLUM project claims that it has gained more than 10 million users through the model of earning points through mini-game mining.

The first level of participation is also very simple. One part is to complete the task wall function (bottom left picture):

• Catch $BLUM every 8 hours, then click "Start Farming".  

• Navigate to Tasks

• Join Blum’s social media

• Complete all tasks and get 700+ $BLUM

Another part of the farming process is to play a game similar to “Little Bee” built into the platform (bottom right)

TapSwap - The "Tap-to-Earn" platform liked by Durov

TGE time: expected Q4 2024

Financing situation: undisclosed

Official website: https://t.me/tapswapai

TapSwap is a point-to-earn platform that was once liked by Telegram founder Pavel Durov. He once said in his personal Telegram channel that the TapSwap team wisely relied on Telegram for distribution and used TON to issue the upcoming tokens, and said that this would benefit all those on Telegram and TON. As of early July 2024, TapSwap has over 60 million players and 4 million YouTube subscribers.

TapSwap was first launched in late 2023, initially on the Solana network and later moved to the TON ecosystem. In TapSwap, players can earn TAPS coins by clicking on icons in the Telegram interface, and the platform also offers bonuses, tasks, referral systems, and more.

According to the team, the platform currently has more than 60 million users, a number far greater than the 35 million users at the time of Notcoin TGE. At present, TapSwap has not disclosed more TGE-related information, but the project founder announced that it will hold TGE in Q4. As a leading Tap-to-Earn project, it is worth paying attention to and has the potential to be a big deal.

PixelSwap —— The last piece of the puzzle on the DEX track on TON

TGE time: expected Q4 2024

Financing amount: 2M USD Kenetic Capital led the investment, with participation from Foresight Ventures, Waterdrip Capital and others

Official website: pixelswap.io

LayerPixel is a DeFi solution designed for Telegram Mini App, officially called Layer 1.5. It can provide services including wallets and DEX (multiple trading algorithms). In addition to launching PixelSwap directly for the C-end, it also provides other applications with an embedded SDK kit based on Telegram Mini App for developing swap functions.

TON's performance and pressure-bearing capacity are the only public chains that can stand shoulder to shoulder with Solana. However, TON's ecosystem is a combination of Web2 and Web3 models. This combination will dilute the characteristics of Web3 in actual use, but it will go deep into Web3 at the technical level.

For example, Telegram has a built-in centralized trading pool to realize the recharge of stablecoins and TON, and then complete the exchange of TON with other tokens. From a functional point of view, this is a simplified version, and the operating experience is almost the same as the flash exchange of centralized exchanges (CEX).

Secondly, it integrates with TON Space, the TON public chain wallet, to achieve interaction with the chain, and the experience is basically similar to using MetaMask on PC or mobile. If you need to exchange tokens, STON and Dedust are commonly used in the ecosystem, but their functions are basically similar to Uniswap V1.

At present, all DEXs we have seen, such as STON, Dedust, etc., only provide trading functions similar to Uniswap V1. For DEXs on high-speed blockchains like TON, it is important to provide sufficient trading liquidity, or modularize trading functions, so that the advantage of liquidity becomes the key to user selection.

On TON, the front-end entry of transactions must exist in Telegram in large numbers. DEX still needs to improve the refinement of its business like Jupiter, Balancer, etc., to achieve a balance for all users. Whether it is an ordinary user, a token provider, a liquidity provider, or a platform developer, each role needs specific refined functions to cooperate.

PixelSwap, as a C-end product of LayerPixel, maximizes the value capture of a DEX through a more suitable technical route and application than STON.fi and DeDust.

Currently, PixelSwap has been launched on the Telegram mini-app version. Judging from the recent updates on the official push, it is expected that TGE and Airdrop will not be too far away. It is also worth noting that PixelSwap is one of the few TON projects that has recently disclosed the specific amount of financing and the investors. The on-chain world is full of tricks. In this year's financing environment, projects with relatively transparent financing information disclosure are relatively rare. It can be seen that the team has strong confidence in the product.