Crypto.com partners with TON Foundation for $20K reward campaign

Crypto.com, one of the world’s most popular crypto exchanges, has announced a partnership with the TON Foundation. Together, they are launching the TON Deposit & Trading Campaign, a promotional initiative designed to engage and reward their user base. 

This campaign, set to offer $20,000 in $TON rewards, aims to incentivize trading and deposits on the platform. Users participating in this campaign will have the opportunity to earn a share of the reward pool by meeting specific deposit and trading criteria.

Crypto.com and the TON Foundation are working together to improve user experience and expand the reach of blockchain technology, especially the TON blockchain, which has recently gained popularity.

The usage of the TON blockchain has surged since late 2023 and into early 2024. A key factor in this growth has been the launch of several games on Telegram, the platform where the TON project originally started before its leadership changed.

Notcoin introduced the tap-to-earn mechanism, which was later adopted by other projects like Tapswap, Pixelverse, Blum, Hamster Kombat, MemeFi, Gemz, and more. This surge in activity on the TON blockchain led to its total value locked (TVL) exceeding $600 million for the first time in June 2024.

In addition to its partnership with Crypto.com, TON has secured a $20 million deal with Bitget to support projects on its blockchain. To enhance network efficiency and reduce costs, the TONKeeper crypto wallet introduced the W5 smart wallet for TON users.

The W5 smart wallet allows users to make gasless transactions on TON without using $TON. Additionally, a W5 smart wallet user can initiate over 200 transactions simultaneously, handling more transactions at a time.

While only TONkeeper currently uses W5 smart wallet, TON stated that more projects, particularly wallets such as TON Space, a self-custody version of the @wallet_tg, and @MyTonWalletNews will soon add support for W5.