Tokamak Network Biweekly Report #10 [EN/KR]
Tags: Tos, Ton, Report, Tokamak Network, Weekly

Tokamak Network(TON) Bi-Weekly Report: 8.22~9.4

HighLights

In the last 2 weeks, Natasha Testnet, which is an updated version of Gabriel, one of the Tokamak Network Optimism Rollup Testnet, has been released. Natasha is a solution that can change the way Layer 2 charges transaction fees, and Layer 2 operators can designate which ERC-20 tokens be used when distributing Layer 2 solutions. Also, A Layer 2 gateway interface has been released that allows you to simply and easily designate TON as a token for transaction fees.

Ecosystem

1.1. Staking Update

As of September 4th, total staked TON has 11,071,182.50 TON, a 3.2% decrease compared to 11,437,416.7 TON on Aug.21st. Among the participants of TON staking, the 24th winner of the Power TON game received 14,477.54 TON on August 31st. The winner of the 25th Power TON game will be drawn on September 14th.

If you participate in Tokamak Network’s staking, you get

45% APY

The right to participate in Power TON games

Right to participate in various events and benefits

Participation in DAO for operation and decision making of the Tokamak Network

1.2. Transaction

Tokamak Network had 1,743 transactions in the last two weeks, which is a decrease of 22.70% from 2,255 transactions from the previous two weeks (Aug 8 — Aug 21).

1.3. Market Cap

Tokamak Network has been ranked 188 with a market cap of $321,597,974 as of Aug 21st on CoinGecko. The two-week high was $9.65 and the low was $7.25. The total trading volume increased 39.75% to $769,512,409 from $550,625,886 in the past two weeks. The liquidity on Uniswap has increased 4.83% from $6,830,000 to $7,160,000 in the past two weeks. Total trading volume increased 32.91% from $7,448,350 to $9,899,720. Tokamak Network is trading on Upbit, Upbit Indonesia, MEXC, Bittrex Global, Liquid Global, Klayswap, Uniswap v3, and SushiSwap with a liquidity-providing option.

1.4. DApp

TOS, the ecosystem token for the decentralized launchpad for Layer 2 projects ‘TONStarter’ based on Tokamak Network, has been traded up at $6.6and traded down at $2.96 over the past two weeks. Along with this, TOS was registered on Coingecko. Now you can check the price of TOS more easily. Currently, TOS can be traded at Uniswap’s TOS-WTON and TOS-ETH pools.

Technology Development

2.1. Tech Development

Tokamak Network is an On-demand Layer 2 Platform and strives to provide various Layer 2 protocols to its users.

Natasha Testnet, which is an updated version of Gabriel, one of the Tokamak Network Optimism Rollup Testnet, has been released. Natasha is a solution that can change the way Layer 2 charges transaction fees, and Layer 2 operators can designate which ERC-20 tokens be used when distributing Layer 2 solutions. Tokamak Optimism Testnet Natasha is developed based on the Rinkeby Testnet. Please refer to the links below for development documents and contracts.

A Layer 2 gateway interface has been released that allows you to simply and easily designate TON as a token for transaction fees. The gateway supports Natasha and has added a Faucet function that allows users to issue TON tokens used as transaction fees on Layer 2. We expect this with Natasha Testnet will quickly expand the actual use of TON.

For the convenience of TONStarter users, we are preparing to develop and distribute an APY calculator for TOS liquidity Pools staking. This makes it easier and faster to calculate returns for supplying liquidity to Pools.

There have been 48 commits in 10 repositories in the Tokamak Network GitHub during the last two weeks. For more details about the development progress, check out the Onther Inc. Technology GitHub.

Community

3.1. News

On September 2nd, Kevin Jeong, CEO of Onther, developer of Tokamak Network, participated as a speaker at “UDC 2021”, the Upbit Developer Conference. CEO Kevin Jeong stated that Tokamak Network supports many lightweight Layer 2 solutions optimized for specific purposes. He also introduced Tokamak Network as a Layer 2 aggregator that connects liquidity distributed in various Layer 2 solutions.

On September 2nd, Dr. Choi Gong Pil, the Director of Research of Onther’s Digital Finance Research Institute, participated in the third session with the theme of ‘Opportunities and Challenges Facing Digital Platform Economies: FinTech, TechFin, and the Future of the Financial Industry’ at the IGE-SFG International Conference.

3.2. Community

Tokamak Network operates a variety of communities. The official community channels of Tokamak Network and TONStarter are:

Tokamak Network

Homepage | Github | Blog | Twitter | Announcement | Telegram | Discord

TONStarter

Homepage | Blog | Twitter | Announcement | Telegram | Discord

3.3. Community Question

We have selected and will introduce some of the user’s inquiries from the Tokamak Network & TONStarter community over the past two weeks.

Q. Is there a formula for TON staking APY? And I know that the probability of winning PowerTON increases the more you stake. Is there a formula or probability table for this as well?

Total TON supply consists of initial issuance and additional issuance. The additional issuance is a commit reward issued whenever the operator who staked TON performs a commit, which presupposes that the issuance amount is always proportional to the amount TON staked and the duration TON was staked for. For details, please refer to the Token Supply and Distribution Section of Tokamak Network Docs.

Q. Please tell us about the WTON-TOS Liquidity Pools staking reward policy.

Pools LP staking reward depends on the user’s contribution. Please refer to the formula below. Also, please check out our Medium post for more details. A’s WTON-TOS LP staking reward = Total reward * (Liquidity provided by A / total liquidity) * (time of providing active liquidity / total time of providing liquidity seconds)

3.4. Job offer

Onther, developer of Tokamak Network, is hiring blockchain technology specialists. Layer2(plasma/rollup), client developer, Mathematician / ZKP Researcher, Smart Contract Developer, Blockchain Researcher, Technical Researcher, Economist(Governance), Web UI/UX Designer and other job openings are available. Please visit Onther blog to find more details.

Note: There are comments and direct messages from impersonators pretending to be members of Tokamak Network and Onther.

In any case, Onther and Tokamak Network NEVER ask for deposits or request private keys through comments or direct messages.