AMA - 「Jan - 09 - 2024 19:00 GMT+8」w/ TonTogether - Meet with TonTogether

Host: TonUP Marketing Manager - Emily

Guest Speaker: TonTogether BD - Teddy

Time: Jan - 09 - 2024 19:00 GMT+8

Place: TonUP Telegram Group Chat

Q&A Recap:

Emily「TonUP Marketing Manager」:
Welcome to our AMA today! :heart:This is Emily, the Marketing Manager from TonUP.
It’s January 9th, 2024, and we’re excited to kick off the New Year with this AMA session.
Yesterday, we posted the announcement about the TonTogether ($TOT) Launchpool schedule, and we can see that many of you are eagerly anticipating the Launchpool. We understand that you may have questions, and that’s why we have a special guest joining us today. Please welcome Teddy, the Business Development representative from TonTogether!
Teddy「TonTogether BD」:
Hello Emily, it’s been a while since we last talked.

Emily「TonUP Marketing Manager」:
So Teddy, could you please give us an introduction to the TonTogether platform?
Teddy「TonTogether BD」:
Certainly! Inspired by the demand for captivating utilities-related projects,TonTogether was founded with a mission to create an accessible playing field for all participants within the TON ecosystem. As a No-loss Prize Saving project, we provide an engaging platform that encourages users to deposit assets, participate in prize-winning opportunities, and fully engage with our ecosystem. Rest assured, our unwavering commitment to transparency guarantees a seamless and trustworthy experience for our cherished users, where risk and loss are simply non-existent. TonTogether’s No-loss Prize Saving Protocol allows users to save their funds while having the chance to win prizes. Users deposit their assets into the protocol, and their funds are securely stored. They earn interest on their deposits, and at the end of each prize cycle, participants have the opportunity to win prizes without risking their initial deposit.

Emily「TonUP Marketing Manager」:
What does no-loss means and how is that possible?
Teddy「TonTogether BD」:
Great question, Emily. At TonTogether, “no-loss” refers to our unique approach to prize-saving. We have developed a decentralized protocol for No-loss Prize Savings, also known as a No-loss Lottery. Here’s how it works: When users deposit funds into our protocol, they have the chance to win substantial prizes. These prizes are funded by the interest generated from the collective deposits of all participants.

To make this possible, we leverage the power of blockchain technology. The funds deposited by users are combined and used to generate yield on Defi Protocols. This ensures that all participants have an opportunity to win while preserving their initial deposits. Traditional lottery mechanisms often face concerns related to undisclosed manipulations. However, with TonTogether, we address these concerns by leveraging the transparency and immutability of on-chain data.

Through the secure and efficient transaction capabilities of the TON ecosystem, TonTogether offers a dynamic saving experience that empowers individuals to explore new horizons and achieve financial sustainability. This innovative approach not only encourages saving but also offers users the potential to earn rewards while maintaining the safety of their funds.
I would also like to mention that we are thrilled to have received grants from TonUP recently, which further strengthens our commitment to the TON ecosystem and allows us to continue delivering innovative solutions.

Emily「TonUP Marketing Manager」:
Yes we are really anticipating your project. Also we were pleasantly surprised to learn that your team decided to fair launch your project, with only 2% initial supply and allocated 1% of your token for TonUP DAO. Can you share more about how you made that decision?
Teddy「TonTogether BD」:
Absolutely. We strongly believe that a fair launch is the best way to showcase our ambition and return value to our users. By conducting a fair launch, we ensure that everyone has an equal opportunity to participate and benefit from the TonTogether ecosystem.

We recognize the immense potential of Telegram in onboarding the next billion users, and TonTogether aims to be the entry point for DeFi within this vast user base. We want to create an inclusive environment where users can engage with our platform and experience the benefits of decentralized finance. And make the protocol become a high-dividend honeypot to Telegram’s Web3 user. Even though it’s just January, this could be the easiest way you’ll find to farm some “cash” in 2024.

Allocating 1% of our token for TonUP DAO is our way of expressing gratitude and appreciation for the support we have received. It also aligns with our goal of distributing value to the community that has shown interest and trust in our project. We believe that by building a strong community and fostering user participation, TonTogether can achieve great things.

Teddy「TonTogether BD」:
We were also surprised when TonUP decided to gift all the $TOT Tokens through the launchpool. Emily, could you please introduce what the launchpool is?
Emily「TonUP Marketing Manager」:
Certainly, Teddy. The launchpool is an innovative platform that offers an alternative method for project launches. It allows users to deposit their cryptocurrencies into a liquidity pool, where they can earn interest based on the Annual Percentage Yield (APY). Launchpools are typically organized by centralized exchanges, and they carefully select and curate projects before listing them on the platform.

The launchpool serves as a secure and convenient fundraising platform for both startups and investors. It aims to reduce the risks associated with scams, frauds, and rug pulls by conducting a meticulous selection process. Even if a project fails, investors’ initial deposits remain intact, as the interest earned is based on the deposited assets rather than the success of the project.

One of the key benefits of the launchpool is flexibility in terms of investment amount. Participants can stake their existing tokens based on their preferences and capabilities, allowing them to contribute to projects they believe in.

It’s important to note the distinction between the launchpad and the launchpool. While both serve the purpose of raising funds and supporting startups, they operate differently. Launchpad typically enables instant trading of tokens acquired through the platform, while launchpool may have a designated period before tokens become tradable. Furthermore, launchpad focuses on distributing tokens to participants, while launchpool rewards users who stake their existing tokens.

The decision to utilize the launchpool to gift the $TOT Tokens to our community came after thoughtful consideration and extensive discussions. We believe that this cutting-edge endeavor holds great promise and will deliver substantial returns to our valued users.

Teddy「TonTogether BD」:
Emily, could you please provide the user with more details about the launchpool?
Emily「TonUP Marketing Manager」:
Absolutely! TonTogether is the first launchpool project on our TonUP platform, and we’re excited to announce that all members of our community can participate in the $TOT launchpool using their $UP tokens. This launch is truly fair, with no involvement from venture capitalists (VCs), no pre-mining of tokens, and no reserved tokens for the team.
To participate, all you have to do is stake your $UP tokens, and you’ll start earning rewards immediately. You also have the flexibility to unstake your tokens whenever you desire.

Here are some important details and dates to mark in your calendars:
Token Name: TonTogether ($TOT)
Launchpool Token Rewards: 100 Million $TOT
$UP Staking Period: 2024-01-10 12:00 PM (UTC) to 2024-02-10 12:00 PM (UTC)
Token Distribution Time: Starts from 2024-01-11 12:00 PM (UTC)

For more information, please refer to the “All You Need to Know” section, where you can find additional details about the launchpool and its procedures.

Teddy「TonTogether BD」:
Looking forward to it! With the launchpool on the horizon and the testnet just around the corner, the possibilities are endless. I have no doubt that with our amazing community by our side, we will achieve incredible success together.

Annoucement: @TonUP_io

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