TonUP is a platform built on The Open Network (TON) that aims to bridge the asset gap in TON and support new projects in their successful launch. TonUP's decision to operate on The Open Network is based on a thorough understanding of TON's potential and unique features. TON is a high-performance Proof-of-Stake (PoS) public chain, originally proposed by the Telegram team, that prioritizes supporting large-scale applications and embodies the principles of decentralization, freedom, and openness. TonUP benefits significantly from TON's technical structure, which utilizes a low-level FunC programming language and progressive sharding technology, resulting in impressive Transactions Per Second (TPS) without the limitations faced by other blockchain networks. TON has achieved significant success, boasting over 3 million active wallet addresses and a thriving ecosystem.
TonUP is a platform that acts as a launchpad for promising projects on TON, with a mission to fill the asset gap and provide robust support for the crypto community. In addition to offering the regular IDO service, the platform introduces a novel concept, the Community Protection Plan (CPP), to safeguard the interests of IDO community members.
The CPP comprises two key components: the Liquidity Supervision Plan and the Price Protection Plan. Projects participating in the Liquidity Supervision Plan commit a significant portion of their fundraising amount into DEX to form Liquidity Pools, which are jointly supervised by TonUP through multi-sig. This ensures the quality of the project and protects the community when the project goes live.
The Price Protection Plan sets a minimum price protection, offering a safety net for token prices within a specified period after the project launches. TonUP also supervises a part of the fundraising amount within this plan, providing a layer of security for investors.
TonUP is designed to cater to a diverse audience within the crypto space. For project developers, it offers a secure and supportive launchpad, complete with marketing services and community-building initiatives. Established and new projects alike can tap into TonUP's expertise to enhance their visibility, reputation, and community engagement.
On the other hand, TonUP caters to crypto enthusiasts and investors looking for promising projects within the TON ecosystem. The Community Protection Plan ensures a level of safety and transparency rarely seen in the crypto space, fostering a community-driven approach to decision-making.
UP's total supply and circulating supply both amount to 300,000,000.
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