AMA with LetsExchange and Oleg Andreev

LetsExchange, a go-to crypto exchange hub supporting over 4,500 coins and tokens, and Oleg Andreev, co-founder of Tonkeeper, the easiest self-custody wallet for TON and other tokens, held a joint AMA session.

The event took place on Twitter spaces. Oleg Andreev discussed the reasons behind the impressive 118% growth of ToneCoin, attributing it to the unique scalability of the TON technology, its maturity, and adoption by major players like Telegram and USDT. He also addressed the relationship between TonKeeper and Telegram and revealed whether he knows Pavel Durov.

John from LetsExchange: According to CryptoQuant, TON is the most performing L1 crypto in this quarter, with over 118% growth. In your opinion, what is the reason for such a growth of TON Coin?

Oleg: Reason 1 – scalability. TON is a fantastic technology designed by brilliant people at Telegram who made it for huge scalability in the first place. And it's important because blockchains by design are not scalable technologies. These things are consensus systems, and consensus means that we all have to synchronize on something. So it's kind of like the opposite of what you want in the sense of distribution.

Reason 2 – how scalability is applied. This year we see that the TON ecosystem is mature compared to previous years. It has all sorts of features, and apps, and services, and exchanges.

Reason 3 – adoption by major players. Telegram is adopting TON as its mechanism to interact with advertisers and users. They are offering their digital goods on a fragment platform on the TON blockchain. The second big player is USDT. USDT is the killer app on any blockchain. It's the digital cash that exists on many platforms.

John from LetsExchange: What is the connection between Tonkeeper and Telegram? And do you know Durov personally?

Oleg: I do know Pavel Durov personally. I worked with him 15 years ago or was it like almost 16, when VK was just getting started. And I wasn't working even directly at VK, I was building a video service on a site from scratch. And it was like a long time ago. Since then, many events have happened, and we never worked together on any projects since then.

So at this point in time, there is no connection between Telegram and TON, except they both start with a “T”. So Telegram is obviously a well-known social media platform and a messenger. And Tonkeeper is not that. Tonkeeper is a commercial blockchain super app focused on security and cryptocurrency.

John from LetsExchange: Nadine, tomorrow Binance is listing NOT coin. Not everyone likes to use central exchanges, or they want to swap a large amount of coins. What do you suggest to use for those users?

Nadine: You can go to LetsExchange and swap NOT for thousands of other coins. Our platform offers secure and reliable transactions at favorable rates with both market and fixed rates, and no upper limits, providing a seamless and private exchange experience.

These are just some questions discussed during the AMA session. For insights on the future growth of NOT coin, its listing, Tonkeeper Battery, crypto swaps on Tonkeeper after integration with LetsExchange, details about the Tonkeeper contest with a $100,000 prize, and more, listen to the full AMA.