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Learn/10 Best Crypto Projects on The Open Network (TON) Blockchain

10 Best Crypto Projects on The Open Network (TON) Blockchain

Joanna Buenconsejo

Sep 9 2024

4 weeks ago4 minutes read
10 Best Crypto Projects on The Open Network (TON) blockchain

The dramatic surge of the The Open Network (TON) blockchain has gained a lot of attention throughout the crypto community. Different projects based on their blockchain, including GameFi, DeFi, and community projects, have significantly contributed to the growth of activity within the network. 

Moreover, its native token, Toncoin, has even able to outpace both Ethereum (ETH) and Bitcoin (BTC) in returns that went beyond 200%. 

Built in 2018, the TON blockchain was meant to be a platform for applications and services that are inherently decentralized. Its integration may also play a crucial role in the advancement of gaming from Web2 to Web3.

With this, why are so many projects building on the TON network? Let's take a look at some of the best crypto projects on the network that you cannot afford to miss out on. 

Telegram Crypto Wallet: For Sending and Receiving Crypto

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Starting with the most famous, there's the Telegram crypto wallet, which is a custodial wallet that links directly to the Telegram messaging app. To set up your own Telegram wallet, all that you need to do is search “@wallet” in the app and follow the instructions given by the Telegram crypto bot. 

Notable features: With the wallet, you may receive or send crypto, use your bank card to top up crypto, and perform exchanges within a Peer-to-Peer (P2P) marketplace. Interuser transfers can also be performed without additional transaction fees. 

DeDust: an NFT Marketplace

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DeDust is a decentralized exchange (DEX) that was launched as a marketplace for non-fungible tokens (NFTs) in November 2022. At present, it is a full-blown platform that accommodates exchanges across cryptocurrencies and the generation of income. It is also one of the largest decentralized applications (dApps) within the ecosystem. 

Notable features: With DeDust, you can directly exchange your assets after linking with a TON wallet. The platform also provides a decentralized portfolio tracker that can help monitor the assets kept in your wallet. DeDust also provides opportunities for you to earn passive income through staking its native token, SCALE. 

Notcoin: a GameFi Star

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A GameFi star that was first launched in November 2023, Notcoin has since surged in popularity, attracting over 30 million users as of July 2024. It is a play-to-earn token widely used in a game on Telegram. Its amassed growth in popularity is attributed to its strategic use of the messaging app's vast user base as well as the simplicity of its addictive gameplay. 

Notable features: You may finish different in-game tasks and tap a virtual coin to earn tokens. You can also form squads, join community events, and invite friends to boost earnings and experience. Within these games, you may earn Notcoins that can be converted to NOT tokens as it launches.  

Hamster Kombat: a Popular Click-to-Earn Game

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Created by Notcoin, Hamster Kombat is one of the most popular click-to-earn games within the blockchain and was launched in 2024. It is considered the latest sensation in Telegram's GameFi world. 

Notable features: Through this game, you may mine HMSTR coins simply by managing a virtual exchange. Players get to be a virtual exchange's hamster CEO with the goal of boosting the startup to the top. This can be done by investing in licenses, marketing, new products, and others. Moreover, the hamsters in the game are all NFTs that can be traded and sold in the marketplace. 

Tonstakers: Leading Staking Protocol

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Tonstakers is a decentralized and open-source platform for liquid staking, which involves a user locking a basic token and receiving the derivative liquidity staking token in return. In this case, staking will allow you to receive tsTON, which is a derivative of TON. The platform has become the leading staking protocol within the network. 

Notable features: When you stake with Tonstakers, you have your TON deposited and get some tsTON tokens in return. The tokens can be used freely across the DeFi ecosystem of the blockchain and also serve as your share within the staking pool. Whenever you decide to do so, you can always have your tsTON tokens exchanged back for your original Toncoin. 

Orbit Bridge: For Bridging Across Blockchains

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Orbit Bridge plays the role of an interchain communication protocol that helps with transferring assets seamlessly across different blockchains. Its process of transferring is fully decentralized, which ensures security and transparency within the consensus mechanisms for transaction validation. Because the platform can link different blockchain networks without compromising aspects of decentralization and security, it is considered a notable contributor to the ecosystem. 

The entire consensus takes place on-chain. Across the process, the authority remains fully decentralized. The process of consensus is also based on a smart contract and moves through the Orbit Chain. 

Notable features: With Orbit Bridge, you may send data or assets to any chain that is linked to the bridge. The bridge supports more than 15 blockchains, including BNB, Ethereum, Polygon, and Ripple. 

STON.fi: a Decentralized AMM

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This automated market maker (AMM) project works within the ecosystem of the TON network. Its native token, $STON, which was launched in July 2023, is what differentiates itself from the DeFi landscape within the ecosystem. This token is crucial as it enables incentivization and participation within the platform. 

Notable features: With STON.fi, you may immediately swap Toncoin with any other token or coin. You may also earn by offering liquidity and gaining from fees, as well as by listing other TON-based tokens. 

PunkCity: a Decentralized Metaverse Environment 

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PunkCity (PUNK) is a GameFi platform that makes use of the infrastructure of the TON network to offer a distinct digital space for users to game and have other kinds of virtual experiences. The platform aims to offer a decentralized metaverse environment. It capitalizes on the PUNK token as a medium for utility and exchange in the ecosystem. This token has a crucial role when it comes to game transactions, metaverse interactions, and governance. 

Notable features: In PunkCity, you may join P2P TON matches, try out mini games and be rewarded with NFTs, and engage in other activities. 

TON DNS: For Unique TON Domains 

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Thanks to the TON domain name service (DNS), each user in the ecosystem may have their own, distinct domain name registered. Since TON DNS is also a fully decentralized DNS, a user's domain cannot be blocked by any administrator.

To get a domain registered, you will have to choose a word, then place a bid to kickstart an auction, which will go on for an hour. You may keep the right to use the domain if no one makes a second bid after this one-hour period. 

Notable features: When you have a domain, it may serve as a nickname within the blockchain, rather than a usual wallet address. It is also possible to link the domain with websites or smart contracts. 

HyperGPT: a Mix of Artificial Intelligence and Blockchain Technology 

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HyperGPT (HGPT) is a dynamic project on the blockchain that uniquely mixes blockchain technology with AI. It is an AI marketplace that works as a Web3 platform. It mainly focuses on boosting the functionalities of Web3 through applications that are driven by AI and also aims to power up and streamline different technological and business processes. 

The platform has an AI search engine that makes use of machine learning algorithms and natural language processing to understand the queries of users and offer results that are relevant. It would also use smart contracts for automatic transactions and for making sure that the involved parties adhere to the terms. 

Its utilization of the TON blockchain helps it make sure that it leverages a scalable and robust blockchain platform. This is important when it comes to handling AI computations that are sophisticated and ensuring that the operation of its applications stays decentralized. 

Aside from TON, Microsoft and BNB Chain also support HyperGPT. 

What you can do with it: With this Web3 platform and AI marketplace, you may transact without having to go through intermediaries. It includes an AI search engine that could help you efficiently look for services and products that you need. It also offers AI-powered analytics that could provide insights regarding user behavior, market trends, and product performance. 

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