We've prepared a brief AMA recap highlighting all the main points of the past bemo's Talk series! 🔊⭐️ Here are the main highlights:🥅 TONCO's Origins & Goals:Vladimir's DeFi journey started in 2017 with Rubic, a cross-chain aggregator. In 2021, the team created Algebra, a B2B DEX project. Now, TONCO is innovating with concentrated liquidity on the TON blockchain, launching the first AMM of its kind.
🏆 TONCO Testnet Success:TONCO’s testnet attracted about 5,000 early testers, exceeding expectations and highlighting strong interest in the TON ecosystem. This user feedback is helping improve the DEX experience for its upcoming mainnet launch.
💪 Concentrated Liquidity & Its Benefits:Vladimir highlighted that TONCO’s concentrated liquidity reduces price impact and improves trade efficiency, bringing this innovation to TON, inspired by its success in Ethereum-based exchanges.
💎 Challenges with TON's Unique Architecture:Developing on TON required the team to adapt extensively, reworking over 95% of the original code used in EVM projects. Vladimir noted TON’s lack of established development tools, but TON’s upcoming Tact programming language may ease future developments.
🫛 Growing the TON Ecosystem:Constantine and Vladimir highlighted the "blue ocean" opportunity in TON’s growing ecosystem, with potential for new DEXes, lending protocols, and staking dApps, which will attract liquidity and projects from other blockchains.
🔧 Advice for Aspiring Developers:Vladimir encouraged newcomers to explore TON-based DeFi projects to identify improvement opportunities, emphasizing TON's need for innovation and its potential for impactful contributions.
🥳 Upcoming Milestones:- Mainnet Launch: TONCO’s mainnet is set to launch on November 19, 2024, with concentrated liquidity fully operational, inviting broader participation and integration.
- We're grateful to everyone who joined us and are planning to reward our most loyal contributors. Get ready for some great rewards on the TON blockchain!
