{"id":18755,"date":"2024-11-20T13:25:22","date_gmt":"2024-11-20T11:25:22","guid":{"rendered":"https:\/\/forklog.com\/en\/tonco-dex-celebrates-mainnet-launch-with-3500-usdt-giveaway\/"},"modified":"2024-11-20T13:25:22","modified_gmt":"2024-11-20T11:25:22","slug":"tonco-dex-celebrates-mainnet-launch-with-3500-usdt-giveaway","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tonco-dex-celebrates-mainnet-launch-with-3500-usdt-giveaway\/","title":{"rendered":"TONCO DEX Celebrates Mainnet Launch with 3500 USDT Giveaway"},"content":{"rendered":"<p>On November 19, Algebra <a class=\"tracking_link\" href=\"https:\/\/x.com\/Tonco_io\/status\/1858888119132844464\" target=\"_blank\" rel=\"noopener\">launched<\/a> TONCO, a decentralized exchange (DEX) on The Open Network (TON) mainnet, featuring <a class=\"tracking_link\" href=\"https:\/\/blog.tonco.io\/ru\/posts\/understanding-clamm-new-liquidity-model-ton\" target=\"_blank\" rel=\"noopener\">support<\/a> for <span data-descr=\"liquidity is distributed within a specified price range\" class=\"old_tooltip\">concentrated liquidity<\/span> based on the <span data-descr=\"concentrated liquidity automated market maker\" class=\"old_tooltip\">CLAMM<\/span> model. To mark the occasion, the project team will distribute 3500 USDT among early users, as announced on X.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? TONCO Trading Campaign Starts Tomorrow! ?<\/p>\n<p>The wait is over\u2014TONCO activities are here! Starting tomorrow, complete onchain tasks on TONCO DEX and claim your share of 3,500 USDT + exclusive rewards!<\/p>\n<p>? Learn more: <a href=\"https:\/\/t.co\/DFmeLt5mfm\">https:\/\/t.co\/DFmeLt5mfm<\/a>. <a href=\"https:\/\/t.co\/vtK8vZtl4E\">pic.twitter.com\/vtK8vZtl4E<\/a><\/p>\n<p>\u2014 TONCO (@Tonco_io) <a href=\"https:\/\/twitter.com\/Tonco_io\/status\/1858524646276259923?ref_src=twsrc%5Etfw\">November 18, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite><em>&#8220;Complete onchain tasks on the platform and share in the prize pool of 3500 USDT. Each participant will receive TONCO points, which can be exchanged for rewards in the future.<\/em><\/p>\n<p><em>Additionally, we are open to collaborations and ready to support token creators initiating listings on the platform,&#8221; commented TONCO.<\/em><\/cite><\/p><\/blockquote>\n<p>The DEX team has launched farming based on the USDT\/TON pool with additional rewards for <span data-descr=\"liquidity provider\" class=\"old_tooltip\">LP<\/span>. Liquidity can be added through the TONCO <a class=\"tracking_link\" href=\"https:\/\/app.tonco.io\/#\/swap\" target=\"_blank\" rel=\"noopener\">application<\/a>.<\/p>\n<p>The concept of concentrated liquidity was introduced in March 2021 by the developers of DEX Uniswap in the third version of the protocol. The Algebra team <a class=\"tracking_link\" href=\"https:\/\/medium.com\/@crypto_algebra\/the-ultimate-algebra-solution-for-dexs-vs-uniswap-v3-4832a39d8d82\" target=\"_blank\" rel=\"noopener\">enhanced<\/a> the Uniswap V3 idea with dynamic fees, built-in farming, modular architecture, and other improvements.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite><em>&#8220;To enhance capital efficiency, a concentrated liquidity model was developed \u2014 <\/em><em>AMM<\/em><em> V3 (or CLAMM). TONCO is the first to <a class=\"tracking_link\" href=\"https:\/\/blog.tonco.io\/ru\/posts\/introducing-tonco-dex-on-ton-blockchain\" target=\"_blank\" rel=\"noopener\">bring<\/a> this technology to the TON blockchain. LPs can place liquidity in narrow price ranges to maximize fee income by concentrating funds where they are truly needed. Traders benefit from greater market depth, improving trade execution and reducing slippage.<\/em><\/p>\n<p><em>TONCO technology increases capital efficiency by up to 95% <a class=\"tracking_link\" href=\"https:\/\/tonco.io\/\" target=\"_blank\" rel=\"noopener\">compared<\/a> to traditional AMM V2, making it one of the most advanced DEXs on TON,&#8221; commented Algebra representatives.<\/em><\/cite><\/p><\/blockquote>\n<p>LPs can adjust positions to minimize impermanent losses.<\/p>\n<p>The CLAMM model created by Algebra underpins more than 30 DEXs in EVM networks, including Camelot (Arbitrum), QuickSwap (Polygon), and THENA (BNB Chain).<\/p>\n<p>Previously, developers of the L2 network TAC announced the creation of technology to provide Telegram users and the TON ecosystem with access to EVM applications.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 19, Algebra launched TONCO, a decentralized exchange (DEX) on The Open Network (TON) mainnet, featuring support for concentrated liquidity based on the CLAMM model. To mark the occasion, the project team will distribute 3500 USDT among early users, as announced on X. ? TONCO Trading Campaign Starts Tomorrow! ? The wait is over\u2014TONCO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1364],"class_list":["post-18755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-the-open-network"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18755"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18754"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}