The Telegram ecosystem is rapidly becoming a hotspot for cryptocurrency enthusiasts, with a growing number of projects and tokens gaining traction. This guide will cover 10 prominent cryptocurrencies within the ecosystem, detailing their purpose, acquisition methods, usage, and where to exchange them.
1. TON (The Open Network)
The Open Network (TON) is a decentralized, high-performance blockchain platform initially developed by Telegram. It was designed to integrate blockchain technology into Telegram's ecosystem, offering a wide range of decentralized applications (dApps) and services. TON employs a unique architecture that includes a master chain and multiple shard chains, enabling it to handle a massive number of transactions with high speed and scalability. TON can be purchased on various cryptocurrency exchanges.
A native cryptocurrency of The Open Network, TON is used to pay for transaction fees within the network, ensuring smooth and cost-effective operations. Users can stake TON to secure the network and earn rewards, contributing to the overall stability and security of the blockchain. TON holders can participate in governance decisions, influencing the future development and direction of the network.
2. Notcoin (NOT)
Notcoin (NOT) is a cryptocurrency that originated from a viral game on Telegram. Launched on January 1, 2024, it quickly attracted millions of users with its innovative tap-to-earn mechanic. Designed to introduce users to Web3 through simple, engaging gameplay, Notcoin leverages the TON blockchain to ensure high transaction speed and security. Notcoin can be acquired on several major cryptocurrency exchanges.
Users earned Notcoins by tapping on an animated coin in the Telegram chat. This simple and engaging method makes it accessible to everyone. Then there were a number of promo campaigns where users could earn more Notcoin by completing simple tasks.
Notcoin can be used within various games and applications built on the TON blockchain.
3. Fanzee (FNZ)
Fanzee (FNZ) is a cryptocurrency and fan engagement platform within the TON ecosystem. Developed by Fanzee Labs, it aims to revolutionize fan engagement for sports and entertainment organizations through gamified experiences. By leveraging advanced gamification mechanics, Fanzee allows fans to interact directly with their favorite sports teams and entertainment entities, creating immersive and rewarding experiences. FNZ tokens can be acquired on several major cryptocurrency exchanges.
Fanzee offers a unique platform for fans to engage with their favorite sports teams and entertainment figures through interactive and gamified experiences. This includes prediction markets and various fan activities. Users can stake FNZ tokens in the Fanzee platform to earn rewards. The staking options include fixed periods of three, six, or twelve months, providing flexibility for users.
4. Hamster Kombat (HMSTR)
Hamster Kombat (HMSTR) is a play-to-earn game built on the Telegram platform and integrated with The Open Network blockchain. Launched in March 2024, it quickly gained popularity due to its engaging tap-to-earn mechanics. Players tap to perform various in-game actions to earn coins, which can then be converted into HMSTR tokens.
The game features daily rewards, special tasks, and upgradeable hamsters, making it an addictive and rewarding experience. Players earn coins by tapping and completing in-game tasks. These coins can later be converted into HMSTR tokens. Players can use earned rewards to upgrade their hamsters, boosting their performance and earning potential.
As of now, HMSTR tokens from Hamster Kombat are not yet listed on any major cryptocurrency exchanges. This means their market price is currently unknown. Players can only earn HMSTR tokens within the Hamster Kombat bot on Telegram through gameplay.
According to the latest updates, Hamster Kombat (HMSTR) tokens are scheduled to be listed on cryptocurrency exchanges in July 2024. Currently, HMSTR tokens are available for pre-market trading on platforms like Bybit, KuCoin, and Gate.io, where they are traded as points that will convert to official tokens after the Token Generation Event (TGE) later this month.
As of now, it is not possible to exchange Hamster Kombat (HMSTR) tokens on LetsExchange. The tokens are still in the pre-market phase and will only be available for trading on exchanges following the Token Generation Event (TGE).
5. Telegram Stars (STARS)
Telegram Stars is a digital currency introduced within the Telegram ecosystem to facilitate the purchase of digital goods and services. Developed as part of the TON blockchain integration, Stars aims to streamline in-app transactions and provide a more efficient way for users and developers to interact economically within Telegram. Stars can be converted into Toncoin (TON) via the Fragment platform, enhancing their utility across the ecosystem.
Stars can be acquired through in-app purchases via Apple and Google stores, or directly within Telegram using the @PremiumBot. Once obtained, Stars can be spent on various digital products offered by bots and mini-apps within the Telegram platform.
Stars are used to buy digital items and services within Telegram, supporting a range of transactions from game items to educational content. Developers can reinvest Stars into promoting their apps, potentially reducing overall advertising costs to nearly zero. Stars can be swapped for Toncoin on the Fragment platform, allowing users to engage with the broader TON ecosystem and participate in other blockchain-based activities.
6. Gramcoin (GRAM)
Gramcoin (GRAM) is a cryptocurrency designed for the TON blockchain, originally developed by Telegram. It aims to serve as a decentralized digital currency within the TON ecosystem, facilitating fast and secure transactions. GRAM was introduced to provide a new medium of exchange for the TON network, promoting scalability and efficiency. Currently, GRAM tokens can be mined through a process involving the Proof of Work mechanism.
GRAM can be used for transactions within the TON ecosystem, including payments for services and goods. Users can participate in mining GRAM, contributing to the network’s security and earning rewards. Future integrations may allow GRAM to be used for in-app purchases within Telegram and other dApps built on the TON blockchain.
7. STON.fi (STON)
STON.fi is a decentralized automated market maker (AMM) built on the Telegram Open Network blockchain. It aims to provide a user-friendly and secure platform for trading and liquidity provision with virtually zero fees and low slippage. STON.fi leverages advanced technologies such as Request for Quote (RFQ) models and Hashed Timelock Contracts (HTLC) to facilitate seamless cross-chain swaps, making it a significant player in the decentralized finance (DeFi) ecosystem. STON tokens can be acquired on various cryptocurrency exchanges where they are listed.
STON tokens can be used for trading various assets on the STON.fi platform, taking advantage of its low fees and efficient transaction processing. STON token holders can stake their tokens to earn rewards and participate in the governance of the platform, influencing key decisions and future developments.
8. TonUP (UP)
TonUP (UP) is a launchpad token within the Telegram Open Network ecosystem. Designed to support new projects on the TON blockchain, TonUP aims to bridge the asset gap in the ecosystem by providing a platform for Initial DEX Offerings (IDOs) and fostering community-driven growth. The UP token symbolizes shared ownership and commitment to the TonUP ecosystem, offering both utility and governance functions. UP tokens can be purchased on several major exchanges.
UP tokens are used for trading within the TonUP platform and other integrated services. Holders of UP tokens can vote on various proposals and decisions within the TonUP ecosystem, ensuring community-driven development. UP tokens can be staked to earn rewards and participate in the platform's growth.
9. Banana Gun (BANANA)
Banana Gun (BANANA) is a cryptocurrency associated with a popular Telegram trading bot of the same name. This bot is designed to facilitate trading and token sniping on decentralized exchanges, primarily on the Ethereum blockchain, with plans to support additional blockchains in the future. The bot offers both manual and automated trading options, providing users with a versatile tool for engaging in the DeFi market. BANANA tokens can be purchased on several cryptocurrency exchanges.
BANANA tokens are used to pay for transaction fees within the Banana Gun platform. Users can stake BANANA tokens to earn rewards, contributing to the platform's liquidity and stability. BANANA token holders participate in governance decisions, helping to shape the future development of the platform.
10. Resistance Dog (REDO)
Resistance Dog (REDO) is a meme-based cryptocurrency within the Telegram Open Network ecosystem. It symbolizes the fight against censorship and promotes digital freedom. Inspired by Pavel Durov, the founder of Telegram and TON, the hooded dog logo was created as a statement against internet censorship and represents the resilience of the Telegram community. REDO tokens can be purchased on several cryptocurrency exchanges.
REDO can be used for trading within the TON and Base blockchain ecosystems, taking advantage of the low fees and fast transaction speeds typical of these networks. Holders of REDO tokens can participate in community-driven initiatives and governance, helping to shape the future of the Resistance Dog project.
Conclusion
The Telegram ecosystem is vibrant and full of potential, with various tokens catering to different needs and use cases. Whether you're looking to invest, trade, or simply explore new technological possibilities, these tokens offer a gateway to the future of decentralized communication and finance. For a smooth and efficient exchange experience, LetsExchange is the one-stop crypto hub that allows users to trade these tokens and many more.