COMPETITION FOR DESIGNERS

A little foreword: we, as well as other active Free TON members, plan to take part in the summit, which will be held in Malta on November 16-18, 2021, and we want to show how friendly and united we are, so we need a special merch design for Malta.

What you need to do?

- You need to come up with a design suitable for this event (AIBC Summit, Malta).
It also needs to clearly reflect the idea of   Free TON and the concept of project decentralization.

Design of what?

- It is desirable that it was a design of a T-shirt, or a hoodie, or a cap. You are free to choose.

What are the dates of the competition?

- The competition starts today, and the submission ends on September 15 (inclusive).

How will the winner be selected?

- There will be a vote in which ALL active freetoners will be able to participate, as well as participants who are going to go to the AIBC Summit event.

What's the prize?

- We'll award the winner with an amount of 500 TON

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Exchanges

• Bitcoin.com - TON / BTC (https://exchange.bitcoin.com/ton-to-btc), TON / USDT (https://exchange.bitcoin.com/ton-to-usdt)
• Kuna.io - TON / USDT (https://kuna.io/markets/tonusdt)
• Hitbtc.com - TON / BTC (https://hitbtc.com/ton-to-btc), TON / USDT (https://hitbtc.com/ton-to-usdt)
• Cex.io (for Android (https://cexio.page.link/cexmobile?_ga=2.138841594.854249272.1613472967-58774787.1613472967) and iOS (https://cexio.page.link/cexmobile?_ga=2.157388019.854249272.1613472913-57 )) - TON / USDT (https://cex.io/ton-usdt), TON / USD (https://cex.io/ton-usd)
• Prizmbit.com - TON / USDT (https://prizmbit.com/exchange/TON-USDT), TON / RUB (https://prizmbit.com/ru/exchange/TON-RUB/)
• Mexc.com - TON / USDT (https://www.mexc.com/ru-RU/exchange/TON_USDT)
• Stex.com (for Android (https://play.google.com/store/apps/details?id=com.stocksexchange.android&hl=ru&gl=US) and iOS (https://apps.apple.com/app / stex-com / id1200812360)) - TON / BTC (https://app.stex.com/ru/trading/pair/BTC/TON/1D)
• Coin-galaxy.com - TON / USD (https://coin-galaxy.com/live-trading/TON_USD), TON / USDT (https://coin-galaxy.com/live-trading/TON_USDT)
• Digifinex.com (for Android (https://play.google.com/store/apps/details?id=com.digifinex.app&hl=ru&gl=US) and iOS (https://apps.apple.com/app / digifinex-bitcoin-exchange / id1397735851)) - TON / USDT (https://www.digifinex.com/en-ww/trade/kline/USDT/TON)
• Hotcoinex.cc - TON / USDT (https://hotcoinex.cc/currencyExchangeTwo/ton_usdt)
• Finexbox.com - TON / BTC (https://finexbox.com/market/pair/TON-BTC.html)
• Coineal.com - TON / BTC (https://hk.coineal.com/trade/TON-BTC)
• Coins.black - TON / LONG (https://hk.coineal.com/trade/TON-BTC)

Exchangers

• Chatex (https://t.me/Chatex_bot?start=r_159434) - bot-exchanger of TON Crystal tokens for cryptocurrency and fiat
• TokiTON (https://t.me/tokiton_bot) - exchange bot
• Changelly Pro (https://pro.changelly.com/) for iOS (https://apps.apple.com/us/app/changelly-crypto-exchange/id1435140380), Android (https://play.google .com / store / apps / dev? id = 6836651604375768742)

OTC groups

• FreeTON_OTC (https://t.me/FreeTON_OTC) - OTC group for buying / selling TON Crystals tokens
• FreeTON p2p Exchange (https://t.me/TON_p2p) - OTC group for buying / selling TON Crystals network tokens
• BIP Banker OTC chat (https://t.me/BIP_Banker_OTC_chat) - OTC group for buying / selling tokens of any network, including TON Crystal

Oh, you thought we were done with big updates? Nah we're just getting started https://t.me/tondefi

Today we're hitting you with a TON Swap (https://tonswap.io/swap) re-up that comes with a new long-term farming program

What's long-term farming?
Long-term farming is just farming without a set end date. We are introducing infinity pools on TON Swap which means you can now farm for as long as your heart desires. Instead of having to join or create a new pool to change farming speed, now changes can be made at intervals of once every two weeks

But, wait, there's more:
We've also got vesting for you which will help balance out increases in farming speeds and TVL. In addition to that we have introduced farming boosts which will allow liquidity pool tokens that do not make claims to be farmed at higher speeds than those that frequently make claims. The following pairs are eligible for boosts:

• WTON-USDT
• V2 USDT-WTON
• WTON-ETH
• WTON-BTC
• WTON-USDC
• USDT-USDC
Boosts will help stimulate even more long-term farming which will benefit the entire ecosystem.

Why the changes?
It's simple. TON Swap just keeps on getting bigger. The DEX now has more TON liquidity than all CEXs combined! And that figure is only going to continue to rise. Beyond that, total trading volume on TON Swap is nearing the equivalent of $40 million over its existence. Total net sales of TON currently amounts to a whopping 4.3 million tokens, about 1.5 million of which are the result of token farming. The majority of that farming output is the result of long-term farming projects in the FreeTON ecosystem

Plus, thanks to the Crystal Handshake program and the other things we've got cooking, these moves make space for more projects to join the FreeTON ecosystem and expand our capabilites. There are a number of new tokens that are slated to be added to TON Swap which will further expand the DEX’s farming capabilities. Among the projects expected to join TON Swap are:

•FRTN (gaming industry, tip-3)
•EUPI (stable euro, tip-3)
•BDCC (gaming industry, binance ecosystem)
•FRAX (fractional-algorithmic stablecoin system based on ETH)
•Chatex (DeFi crypto bank)
•A bundle of tip-3 projects from the FreeTON ecosystem
•A bundle of projects from the ETH ecosystem

We've also got a report put together by Analytics & Support that will make it clear that a certain number of initials have chosen to pursue profit at the expense of community development. The report is going to detail the effect they have had on the ecosystem and what steps are going to be taken in order rectify the situation

We’ve already got an article - https://broxus.medium.com/the-ton-swap-long-term-farming-program-3136791d806c up on Medium explaining the updates in further detail. Stay tuned, cuz we've got more big things on the horizon

1. Vitalik thinks token-based decentralized governance is holding DeFi back
Ethereum co-founder Vitalik Buterin has taken a deep dive into token-based decentralized governance, suggesting that existing voting mechanisms are flawed and may be holding the decentralized finance (DeFi) sector back from realizing its full potential.

In a lengthy blog post published on Monday, Buterin stated that the crypto community needs to “move beyond coin voting as it exists in its present form.”

Vitalik Buterin's opinion resonates with many community participants, especially those who have already faced the disadvantages of a governance token, when many decisions were made thanks to the collusion of the largest token holders or when the participation of one whale is enough to promote any initiative in the protocol.
Source - https://cointelegraph.com/news/vitalik-thinks-token-based-decentralized-governance-is-holding-defi-back

2. Treasury Dept. wants to ‘capture DeFi’ with infrastructure bill: Jake Chervinsky
The last-minute cryptocurrency provisions added to the United States infrastructure bill sought to “capture DeFi,” argues Compound general counsel Jake Chervinsky.

Appearing on the Bankless State of the Nation podcast on Tuesday, Chervinsky — who is also DeFi chair of the Blockchain Association — said the industry had been “blindsided” by the infrastructure bill’s crypto tax provisions that were announced just nine days prior to when it was expected to pass through the Senate.

Today, indeed, US government agencies are actively interested in the DeFi industry, trying to find tools for its regulation.
But the DeFi community responds by preparing for a legal battle, as well as releasing new protocols aimed at working in the new reality of industry regulation.
Source - https://cointelegraph.com/news/treasury-dept-wants-to-capture-defi-with-infrastructure-bill-jake-chervinsky

3. Poly Network offers to on board 'Mr. White Hat' as chief security advisor
Decentralized finance protocol Poly Network has offered the person behind a $610 million hack an advisery position and $500,000 — whether they like it or not. 

In a Tuesday update, the Poly Network team said, in a seeming attempt to gain access to the hacker’s expertise, that it would be inviting them to the position of chief security adviser. In addition, the project will be sending a $500,000 bounty for the attacker, whom Poly dubbed "Mr. White Hat," despite the fact they have previously refused any payment.

This is an excellent initiative that will increase the level of security, both for the network and for the entire industry. Such news can lure an increasing number of dark hackers to the side of good, showing them all the prospects to work for the benefit of the community.
Source - https://cointelegraph.com/news/poly-network-offers-to-on-board-mr-white-hat-as-chief-security-advisor