The failed launch of the Telegram Messenger cryptocurrency project is one of the central topics of the outgoing year. The whole global crypto community held its breath while following the development of the conflict between the SEC and Pavel Durov’s TON. Few people believed that such an ambitious undertaking, backed by such a strong effort and vast financial resources, could be simply abandoned because of the regulatory pressure from the United States. However, the regulator won the face-off, and, as a result of its decision, one of the largest developments in the field of decentralization of financial relations was stopped when the product was almost finished.
However, it was unthinkable to simply abandon the results of the enormous work of TON developers. The development of TON continued; it was not anymore conducted by the Durov team, but by TON Labs as an independent project based on Telegram Open Network. The project was supported by over 7,000 companies and individuals, and the Free TON network was launched on 7 May 2020.
Peculiarities of the Free TON network
The main project document is not the usual Whitepaper but the Declaration of Decentralization (DOD). It states that Free TON sees its mission in maintaining the values of the free market, personal data protection, decentralised management, resistance to censorship and cooperation of people around the world.
Free TON is a peering platform of multiple blockchains. Unlike other ones, TON-based blockchains have incomparably higher transaction speed and have initially been conceived as scalable. The Free TON economy is based on the TON Crystal
The exchange platform is a place to trade in cryptocurrencies. The working interface of the exchange is modular: you can customize the schedule, choose to display only the pairs that interest you, receive statistical information about them. The trading interface of SIGEN.pro is clear and convenient; it includes TradingView charts and a live chat.
Crypto exchange interface: buy TON, sell TON
Free TON liquidity на SIGEN.pro: Buy and sell orders
As you can see from screenshots, at the moment of writing the article TON buy orders totaled 4.2 BTC (~$67,800) and TON sell orders reached 83,173 TON (~$84,000). The whole trading volume at the exchange over one month amounted to almost 176,700 TON.
SIGEN Automated Exchange
SIGEN.pro Automated Exchange makes it possible to quickly and safely exchange the cryptocurrency in automatic mode at the current exchange rate, which is set at the time of the last necessary transaction confirmation. Because of the exchange rate fluctuations, you can eventually get a slightly different amount – a larger or a and smaller one.
The automated exchange allows you to buy or sell Ton Crystal automatically in few clicks
SIGEN p2p Platform
SIGEN.pro p2p platform is designed to be as clear and simple as possible for the user to trade. It is a trade without intermediaries, completely transparent, where transactions are carried out directly between participants, and the security is guaranteed by the platform itself. Here you can create buy or sell offers on your own terms and then wait for their acceptance by another user. It is also possible to choose any of the already created offers. The average time necessary to make a deal is 15 minutes.
Coins in a peer-to-peer transaction on the seller’s account are frozen by the ESCROW system – this is how the world’s largest trading platforms, such as AliExpress, work. This guarantees the security of the transaction – the coins are only sent to the buyer when the seller has confirmed the payment. To improve the security of payment confirmation, the platform uses two-factor authentication by mail, Google Authenticator (GA) or a code table.
As you can see from screenshots, at the moment of writing the article, TON buy offers on the p2p platform totaled 578,400 TON (~$584,184) while TON sell offers reached 3,699 TON (~$3,736). The total p2p weekly trading volume amounted to 42,961 TON (~$43,390).
The P2P application of SIGEN.pro allows to buy TON or sell TON for cash, bank transfer, electronic money etc.
All correspondence in the P2P transaction chat is recorded to avoid fraud. Disputes are settled by SIGEN.pro arbitrators, who analyze the situation in order to make a fair decision.
Free TON trading volume statistics
The statistics for TON Crystal at SIGEN.pro today are as follows:
- 204 people had TON on their accounts;
- 123 people were bought or sold on the stock exchange;
- 92 people used p2p platform to buy or sell;
- 187 unique buyers and sellers participated in the stock exchange and in the p2p
These statistics sum up three weeks since the beginning of trading. The numbers are small, but growth is obvious. We invite everyone to join the buy/sale of tokens of the legendary project.
Also, note that the SIGEN.pro trading platform is launching its own media portal at https://media.sigen.pro. This is a full-fledged media resource that will soon start publishing interesting articles, reviews, news and other materials dedicated to cryptocurrencies.