Free TON Tokenomics and Decentralized Community
Free TON tokenomics allows you to understand the mechanisms of emission and distribution of the TON Crystal cryptocurrency, what role it plays in the ecosystem, and the prospects for the development of its decentralized user community.
In publications for CryptoCoinExpert residents, we have repeatedly mentioned the phrase "meritocratic distribution of tokens", for a deeper understanding of the tokenomics of the project, we publish this material, which uses data from the site freeton.org / dod
Free TON is the first multithreaded, multitasking, highly scalable blockchain with high transaction processing speed. Its Proof-of-Stake (POS) consensus algorithm.
One of the problems with POS consensus is that it requires validators to have significant shares in the network that they fear to lose. This assumption provides the basis for Game Theory as "Proof of Stake".
Typically, POS blockchains start by selling their tokens to future validators to create a starting point for the economy of this game. In Free TON, it was clear and clear to everyone from the very beginning that we were not going to sell tokens to anyone. The puzzle we had to solve how to distribute coins based on the Proof-of-Stake (POS) consensus algorithm.
Meritocratic Token Distribution
The Free TON community has found a revolutionary solution to this problem in what we call the Meritocratic Token Distribution Model.
Validators
One of the first contests was the validator contest, in which nearly 400 validators took part. They are now part of the network and we expect their number to grow. You can get acquainted with network validators and their short programs on the website ton.live. The validation cycle is currently 18 hours. It is expected to be extended to about 1 week.
The founders of the project boldly declare:
Utilities
There are several projects that have already integrated TON Crystal support into their ecosystems, for example:
- Ton Surf - blockchain browser with DeBots, as well as messenger and wallet functions.
- Ton Crystal Wallet is a simple and secure wallet
- Pokerton is a Telegram poker bot that uses TON Crystals as a reward.
- Crypterium - popular mobile wallet
- Combot is the largest telegram community moderation system
We are currently in the process of integrating with several partners:
- World of dogs is a game project similar to Cryptokitty on Ethereum, but fully launched in Telegram.
- Worldchess - an initiative to bring all FIDE ratings to the blockchain (with over 10 million active online chess players from around the world)
- Cointelegraph - Attracting attention, professional journalism, and highlighting the benefits of blockchain communities
- Decentraland - Virtual Reality Blockchain Game
- Nebeus - cryptocurrency lending service
- QuickAppNinja - Mobile Online Gaming Platform
- Playkey is a decentralized gaming project
- Bitcoin.com - bitcoin portal
- Chinaplay is a distributor of games in China
TON Crystal
The token does not bear any obligations for the owner, and is distributed only through contests on the main page of the freeton website.org, where DoD governs the core guidelines of the web community. The owner can use the token to post proposals on the site through the smart contract storage, and then, after confirming the SMV (soft majority voting) smart contract, these coins are used as a voting mechanism for new proposals on gov.freeton.org
In this review, we briefly touched on the mechanism of the initial distribution of tokens in the Free TON blockchain network, learned about new partnerships and integrations, and examined the tokenomics of the decentralized ecosystem.