Analyzing Bitget's New Launchpad Project: TonUP (UP), Built on the Token Network
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Analyzing Bitget's New Launchpad Project: TonUP (UP), Built on the Token Network
TON's technical architecture, utilizing the low-level FunC programming language and advanced sharding technology, provides significant advantages for TonUP.
Navigating Web3 tides with focused insightsAuthor: Luojia Micro View
What is TonUP (UP)?
TonUP is a launchpad built on The Open Network (TON). It was created to address the asset gap within TON and provide a supportive environment enabling new projects to successfully launch.
TonUP chose to build on The Open Network based on a deep understanding of TON's potential and unique advantages. TON is a high-performance Proof-of-Stake (PoS) public blockchain initially proposed by the Telegram team. Dedicated to supporting large-scale applications, TON aligns with the principles of decentralization, freedom, and openness.
TON’s technical architecture—utilizing the low-level FunC programming language and advanced sharding technology—provides TonUP with significant advantages. This enables exceptional transaction speed (TPS) performance, free from the constraints faced by other blockchain networks. TON’s success is evident, boasting over 3 million active wallet addresses and a thriving ecosystem.
How TonUP (UP) Works
As a launchpad for promising projects on TON, TonUP aims to bridge the asset gap and offer strong support to the crypto community. Beyond providing standard IDO services, the platform introduces a novel concept—the Community Protection Program (CPP)—to safeguard the interests of IDO participants.
The CPP consists of two key components: the Liquidity Supervision Program and the Price Protection Program. Projects participating in the Liquidity Supervision Program commit to allocating the majority of their raised funds into liquidity pools on decentralized exchanges (DEXs), which are jointly supervised by TonUP via multi-signature mechanisms. This ensures project quality and protects the community upon project launch.
The Price Protection Program establishes a minimum price floor, acting as a safety net for the token price during a specific period after launch. TonUP also oversees a portion of the raised funds under this program, providing investors with an additional layer of security.
TonUP is designed for a diverse audience within the crypto space. For project developers, it offers a secure and supportive launchpad, including marketing services and community-building initiatives. Both established and emerging projects can leverage TonUP’s expertise to enhance visibility, reputation, and community engagement.
On the other hand, TonUP caters to crypto enthusiasts and investors seeking promising projects within the TON ecosystem. The Community Protection Program ensures a level of security and transparency rarely seen in the crypto space, promoting a community-driven decision-making model.
UP Launches on Bitget Launchpad
As TON continues to attract attention and drive growth, TonUP stands at the forefront, bridging promising projects, the crypto community, and a decentralized future on The Open Network. The UP token is not only a utility tool but also symbolizes shared ownership and commitment to the collective success of the TonUP ecosystem.
Dive into the TonUP ecosystem—acquire UP on Bitget Launchpad from 2:00 PM, December 17 to 2:00 PM, December 20 (UTC+8)!
How to Acquire UP on Bitget Launchpad
Step 1: Visit the TonUP (UP) Launchpad page.
Step 2: Click “Register” to enter the IEO and win lottery tickets for the selected project. Be sure to mark the IEO schedule on your calendar to avoid missing any phase.
Step 3: Accumulate BGB tokens in your asset account during the snapshot period from 2:00 PM, December 17 to 2:00 PM, December 20 (UTC+8).
Step 4: Return to the Launchpad page at the designated time to check whether you hold any winning lottery tickets.
Step 5: During the commitment period, if you hold winning tickets, exchange your BGB tokens for IEO tokens. Even if you don’t win any lottery tickets, you’ll still receive new tokens as a proportional compensation reward based on the total number of tickets you held.
TonUP has a bright future ahead, driven by its unique positioning within the TON ecosystem. The launch of the UP token and the upcoming TonUP DAO transform the platform into more than just a launchpad—it becomes a dynamic force leading TON’s growth.
TonUP’s commitment to community protection, embodied in the CPP, sets a new benchmark for security and transparency in the crypto space. By integrating community values at the core of its operations, TonUP builds trust and lays the foundation for sustainable long-term success.
Disclaimer: The views expressed in this article are for informational purposes only. This article does not constitute an endorsement of any products or services discussed, nor does it provide investment, financial, or trading advice. Please consult qualified professionals before making any financial decisions.
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