TonUP priceUP

What Is TonUP?

TonUP is a launchpad operating on The Open Network (TON), a high-performance Proof-of-Stake (PoS) public blockchain initially proposed by the Telegram team. Designed to bridge the asset gap in TON, TonUP provides a nurturing environment for new projects to thrive. The platform's decision to build on TON stems from its potential and unique offerings, such as its technical structure, which includes the low-level FunC programming language and advanced sharding technology. This foundation allows TonUP to benefit from TON's impressive Transactions Per Second (TPS) capabilities, supporting large-scale applications and fostering a decentralized ecosystem.

Resources

Official Website: https://tonup.io/

How Does TonUP Work?

TonUP functions as a launchpad for promising projects within the TON ecosystem, focusing on filling the asset gap and offering robust support for the crypto community. It goes beyond the typical Initial DEX Offering (IDO) service by introducing the Community Protection Plan (CPP), a novel concept designed to safeguard the interests of IDO community members. The CPP consists of two main components: the Liquidity Supervision Plan and the Price Protection Plan. In the Liquidity Supervision Plan, a significant portion of the fundraising amount is committed to Decentralized Exchange (DEX) Liquidity Pools, which are jointly supervised by TonUP through multi-signature wallets. This ensures project quality and community protection upon launch. The Price Protection Plan, on the other hand, sets a minimum price protection for token prices within a specified period after the project's launch, adding an extra layer of security for investors.

TonUP caters to a diverse audience, including project developers and crypto enthusiasts. For developers, it offers a secure launchpad with marketing services and community-building initiatives. For investors, it provides access to promising projects within the TON ecosystem, with the CPP ensuring safety and transparency.

What Is UP Token?

UP is a utility token of the TonUP ecosystem. It grants holders exclusive access to the core community on TON and TonUP. The token is integral to the TonUP DAO, which is set to launch in 2024, allowing users to participate in the project's governance mechanisms. The DAO will oversee the DAO treasury, with a portion of TonUP's revenue allocated to support startups on TON, thereby expanding the ecosystem. Notably, 30% of UP tokens distributed by TonUP DAO will become the liquidity management unit for UP tokens. The total supply of UP tokens is 100,000,000, with a distribution plan that includes allocations for IDO, IEO, strategic/private fundraising, DAO, ecosystem, team, advisors, incentives, liquidity, and marketing.