Crypto

Major Crypto Exchange Bitget Integrates Toncoin Mainnet in Its Wallet

11 months ago
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Major Crypto Exchange Bitget Integrates Toncoin Mainnet in Its Wallet

 Key takeaways:

  • Bitget Wallet has integrated TON mainnet, a high-performance layer 1 blockchain into its platform. The integration allows users to add the TON network with a single click, manage assets, and perform on-chain transactions
  • With the integration of TON mainnet, Bitget Wallet has opened up a gateway into Web3 for its 12 million users. TON is designed for high scalability, targeting millions of transactions per second (TPS) to support the needs of decentralized applications (DApps) and smart contracts 
  • Bitget Wallet plans to expand its services to encompass the TON ecosystem, including DApps, token trading, and the introduction of innovative products like the Telegram Red Packet feature

Bitget Wallet, a leading Web3 trading wallet, has integrated TON (The Open Network) mainnet, a high-performance layer 1 blockchain into its platform.

The integration, which was announced on the 5th of Dec, allows users to add the TON network with a single click, manage assets, and perform on-chain transactions.

With the integration of TON mainnet, Bitget Wallet has opened up a gateway into Web3 for its 12 million users. The move is part of Bitget Wallet’s strategic vision to expand its services to encompass the TON ecosystem, including DApps, token trading, and the introduction of innovative products like the Telegram Red Packet feature.

TON (The Open Network) is a high-performance Layer 1 blockchain originally built by the Telegram team and later advanced by the community. It is designed for high scalability, targeting millions of transactions per second (TPS) to support the needs of decentralized applications (DApps) and smart contracts. The network is also known for its unique features, such as the ability to support infinite sharding and the use of a Byzantine Fault Tolerant (BFT) consensus mechanism.

Bitget Recent Developments

In recent months, Bitget Wallet has been making significant strides in expanding its services and offerings. 

Recently the Web3 company expanded its ecosystem by listing Vertex Protocol (VRTX) token on its platform on Nov 11. Spot Grid trading went live on the platform within 24 hours after the listing.

On Nov 16, Bitget Wallet announced listing RATS (RATS) in its innovation zone, allowing traders to buy and sell the token in BRC20 and BTC ecosystem zone. A RATS token spot trading corridor was also opened shotly after the listing

The company also recently launched the Trader Program, a demo trading competition that enables crypto traders to earn rewards of 10,000 USDT and dual profit without any investment . 

The program is divided into two phases: the TraderPro challenge phase and the Elite trader phase. In the TraderPro challenge phase, users join the demo trading challenge and win by reaching certain goals. Users who win the challenge will become verified elite traders and receive funds to start making elite trades in the Elite trader phase. 

The program also offers limited-time free entry and zero investment, and users can grab a share of their followers’ profits (up to 90%) in addition to trading profits.

Future Plans

Looking ahead, Bitget Wallet has ambitious plans to expand its services and offerings even further. According to the Bitget blog post, the company plans to launch a range of innovative products and services based on TON and Telegram, including the Telegram Red Packet feature . Bitget Wallet also plans to expand its support for TON ecosystem DApps, token trading, and candlestick chart features.

Toncoin (TON) Price Movement

According to the token’s price chart, the price of Toncoin (TON) is currently at $2.27 with a 24-hour trading volume of $47.68M and a market cap of $8.19B. The token rice decreased by 1.24% in the last 24 hours.

Additionally, price prediction algorithms predict the price of Toncoin to drop by -3.49% and reach $2.20 by Dec. 11. The algorithm also forecast a 6-month prediction of $2.96, a 29.56% increase, and a 1-year prediction of $3.67, a 60.92% increase.

Conclusion

In conclusion, Bitget Wallet’s integration of TON mainnet is a significant development that will enhance the liquidity and user base of the TON network . With its ongoing commitment to providing convenient, user-friendly product experiences and opening the doors to Web3 for its users, Bitget Wallet is poised to become a major player in the evolving digital landscape . The integration of TON mainnet is just one of many recent developments that demonstrate Bitget Wallet’s commitment to innovation and growth.

For more information about Bitget Wallet, check out our Bitget Review

Source: https://coincodex.com/article/35359/major-crypto-exchange-bitget-integrates-toncoin-mainnet-in-its-wallet/