The TON Core team has partnered with TONKeeper to launch the W5 Smart Wallet. This development promises to redefine how transactions are done on the TON blockchain, offering gasless fee transactions.
The introduction of the W5 Smart Wallet means that users are not required to use $TON as a gas fee for their transactions on the TON blockchain. Consequently, USDt will be used to pay for USDt transactions whereas $NOT for $NOT transactions. This advancement is expected to significantly lower barriers to entry for users.
Additionally, the W5 Smart Wallet can handle up to 255 transactions simultaneously. This feature addresses the long-standing issue of transaction speed and scalability.
Tonkeeper is a digital wallet designed specifically for managing and interacting with assets on the TON (The Open Network) blockchain. It serves as a user-friendly interface for both novice and experienced users.
In the past four months, Tonkeeper first revealed the W5 wallet to allow the gasless transfer of USDT and Notcoin on the TON blockchain, and the introduced Tonkeeper Battery, which covers transaction fees when an account has no TON balance.
The recent surge in popularity of TON (The Open Network) can be attributed to several key factors that have significantly increased user engagement and investment interest.
One of the primary drivers has been the explosive growth of games on the TON blockchain, which has attracted hundreds of millions of users within a few months. This gaming boom has not only expanded the user base but has also showcased the platform’s capabilities.
Additionally, the association with Telegram has played a crucial role in TON’s rise. The Network, which initially began as a product developed by the creators of the popular messaging app, has received renewed attention following Telegram’s announcement of a revenue-sharing initiative.
This program allows channel owners to earn 50% of advertising revenue in Toncoin, creating a direct financial incentive for users to engage with the network. The announcement may have contributed to a significant price surge for Toncoin.
Moreover, the TON Foundation has launched community initiatives, such as the Open League, which offers substantial rewards and incentives to participants. This program has led to impressive metrics, including a notable increase in Total Value Locked (TVL) and daily active wallets.
TON also added that beyond this partnership, more projects, particularly wallets such as TON Space, a self-custody version of the @wallet_tg, and @MyTonWalletNews will soon add support for W5.
