Tong Foundation Presentation Notes

Introduction

• Steve, President of Tong Foundation
• Honor to present the vision and approach for mass adoption of blockchain technology.
• Emphasis on community-led expansion of the ecosystem.

Challenges for Mass Adoption

• Current struggles in achieving mass adoption of crypto products due to:
  • Lack of sufficient use cases.
  • Overemphasis on technology leading to complex user experiences.
  • Absence of reliable and strategic distribution channels.

Three-Layer Approach to Mass Adoption

1. Ton Blockchain

   • Scalable blockchain supporting billions of users.
   • Guarantees ownership and privacy, ensuring decentralization.

2. Telegram Mini Apps Ecosystem

   • Users can interact with decentralized applications (DApps) without downloading separate apps.
   • Trending apps app store allows embedding of Telegram Bots and mini apps in messages.
   • Leverages Telegram’s social network for virality and user engagement.
   • Enables project owners to retain high user engagement.
   • Connects 800 million Telegram users with blockchain technology.

3. Ton-Based Wallet Integration

   • Seamlessly integrated into Telegram to lower the barrier for accessing DApps.
   • Users can manage digital assets and identities easily.
   • Allows users to send and receive crypto with minimal steps (one or two clicks).
   • Mission: Make crypto as simple and intuitive as texting.
   • Example: Sending $10 worth of Ton Coin through Telegram without complex processes.

Launch Announcement

• Ton Space: Non-self-custody wallet available to the public.
• Enables web3 interactions without friction for developers.
• Recognition of the community's efforts in making this a reality.
• Focus on scaling to billions of users.

Introduction of John Hyman

• Chief Investment Officer of Telegram
  • Questions to audience about Telegram usage and premium services.
  • Discussion on the future of decentralized technologies on Telegram.

Telegram's Role in the Ecosystem

• Telegram's development of the Tom blockchain for scalability and user onboarding.
• Growth in wallet development attracting new developers to the mini app platform.
• Telegram as an open platform for web3 mini apps.
• Market Impact: Fragment, a decentralized marketplace for username ownership, generated $120 million.

Future Plans for Telegram and Ton Integration

• Partnership between Telegram and Ton Foundation for web3 features.
• Wallet integration into Telegram's main menu starting November (except in the US and a few countries).
• Priority access to Telegram ad platform for Ton-based projects, reaching vast crypto communities.

Vision for User Growth

• Ambition to onboard 500 million users to the Ton ecosystem in the next five years.
  • This exceeds current unchained users and crypto owners globally.
• Invitation to experience the wallet on Telegram via QR code.

Conclusion

• Welcome to the Ton community and the journey towards mass adoption.