MEXC Ventures Announces Major Investment in The Open Network (TON)
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange, has made a significant investment in The Open Network (TON). This is the largest layer-one investment that MEXC Ventures has ever made. The investment is part of a strategic partnership between MEXC Ventures and the TON Foundation, with both companies sharing a vision of promoting global accessibility to Web 3.0.
Supporting TON Ecosystem Growth
MEXC Ventures’ investment in TON is just one aspect of their efforts to support the growth of the TON ecosystem. They are already providing funding for TON-based projects such as Megaton Finance, TONPlay, Fanzee, and Sonet. Additionally, MEXC’s exchange will offer marketing services and promotion for TON-based projects listed on their platform. In the near future, MEXC plans to introduce zero-percent trading fees for Toncoin and provide a TON collateral lending service.
The Mission of TON Foundation
The TON Foundation acts as a bridge between nearly 800 million monthly active Telegram users and Web 3.0. Their goal is to make TON an accessible platform that serves as a gateway to crypto assets. With the support of MEXC Ventures, the foundation aims to transform Telegram into a massive entry point for easy access to cryptocurrency assets.
Positive Outlook for TON Ecosystem
Steve Yun, president of the TON Foundation, expressed confidence in the partnership with MEXC and the potential for growth in the TON ecosystem. He believes that both entities will thrive together as they build towards future market cycles.
About MEXC and MEXC Ventures
MEXC is a centralized cryptocurrency exchange known for its high-performance matching technology and low trading fees. MEXC Ventures, a comprehensive fund under MEXC Group, is dedicated to empowering cryptocurrency innovations through strategic investments and project incubation.
About TON Foundation and The Open Network (TON)
The TON Foundation is a non-profit organization founded in Switzerland. It is funded by the community and supports initiatives aligned with the mission of The Open Network (TON). TON aims to create a Web 3.0 ecosystem within Telegram Messenger, giving billions of people the opportunity to own their digital identity, data, and assets.
Hot Take: MEXC Ventures’ Investment Boosts TON’s Growth Potential
MEXC Ventures’ significant investment in Toncoin and strategic partnership with the TON Foundation mark a major milestone for both entities. This collaboration not only strengthens the growth potential of the TON ecosystem but also promotes global accessibility to Web 3.0. With MEXC’s support, TON has the opportunity to become a leading platform for easy access to crypto assets, transforming Telegram into a gateway for billions of users worldwide. This partnership sets the stage for future advancements in the crypto space and highlights the growing importance of layer-one investments in driving innovation.
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