The Open Network Foundation Announces Strategic Alliance with Mantle Network
The Open Network Foundation (TON Foundation) has formed a strategic alliance with Mantle Network, a leading Ethereum Virtual Machine (EVM) Layer 2 solutions provider. This partnership aims to enhance interoperable EVM-compatible Layer 2 blockchain capabilities on TON.
Trading and Liquidity on STON.fi
A wrapped version of $MNT, called $jMNT, is now available for trading and liquidity provisions on STON.fi, a cross-chain decentralized exchange (DEX). This wrapped token facilitates easier interactions and integrations between Mantle and TON, enabling seamless trading capabilities across networks.
Enhancing Community Interactions
In addition to token integration, the collaboration between the two entities involves the use of the @community_bot, a Telegram-native toolset for communities. This platform will serve as an education and information distribution channel, connecting users in Mantle’s Telegram channels and Mantle Ecosystem project channels directly to TON’s thriving community. The goal is to foster mutual information exchange and enhanced community interactions.
“This initiative with Mantle Network bridges the gap between our communities, establishing a more interconnected and interoperable Web3 ecosystem for Telegram’s large user base,” said Justin Hyun, Director of Growth at TON Foundation. “Together, we are equipping users across both ecosystems with the most simple cross-chain experience possible.”
“We are thrilled to find a common purpose with TON Foundation through a strong alliance that will allow the core competency of each to shine and bring the greatest benefits to both communities,” said Jordi Alexander, Chief Alchemist of Mantle. “As TON Foundation’s principal ally towards advancing EVM-compatible Layer 2 blockchain capabilities on TON, we will work hand in hand with TON to help realize the vision of an interoperable multichain future that puts the users at the center.”
About TON Foundation
The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. It is fully funded by the community and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.
About The Open Network (TON)
The Open Network (TON) aims to make cryptocurrency accessible to everyone by building a Web3 ecosystem within Telegram Messenger. TON empowers billions of people to own their digital identity, data, and assets. Find out more at https://ton.org/.
About Mantle
Mantle Ecosystem consists of Mantle Network, a decentralized autonomous organization (DAO), Mantle Governance, Mantle Treasury, and Mantle LSD (Ether liquid staking product), all built on Ethereum. Mantle Network is an Ethereum Layer 2 (L2) solution that aims to be compatible with the Ethereum Virtual Machine. It adopts a modular architecture for transaction execution, data availability, and transaction finality. Mantle token ($MNT) powers Mantle Network as its native gas token and ecosystem growth token. To support innovation and development, Mantle operates the Mantle Grants Program and Mantle EcoFund with a capital pool of $200 million.
For more information:
Contact: TON Foundation – [email protected]
Hot Take: TON Foundation and Mantle Network Join Forces for an Interoperable Web3 Ecosystem
The strategic alliance between TON Foundation and Mantle Network marks a significant step towards creating an interconnected and interoperable Web3 ecosystem. By leveraging their respective strengths, the collaboration aims to provide users with a seamless cross-chain experience. Through the integration of token trading and liquidity on STON.fi, as well as enhanced community interactions facilitated by the @community_bot, both communities can benefit from increased information exchange and engagement. This partnership showcases the commitment of TON Foundation and Mantle Network to advancing EVM-compatible Layer 2 blockchain capabilities on TON while putting users at the center of the multichain future.
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