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How to Generate a TON Wallet (2024 Updated)In this guide, you'll learn about TON blockchain wallets. We'll explain different wallet types, show you their functionality, and help you understand the security aspects. By the end, you'll be ready to safely hold your TON and jettons. Why Do You Need a TON Wallet? A TON wallet serves as your personal gateway to TON blockchain ecosystem, helping you to participate in financial and digital activities. Here's what you can do with it: Hold and manage TON and jettons. At its core, a wallet allows you to hold and manage TON, the native cryptocurrency of the TON blockchain. But nowadays any TON wallet works both with TON and jettons, let
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Maximizing Efficiency in Using DeFi on TON: Basic DeFi StrategiesWe're going to analyze the basic tactics used by DeFi investors — starting with simple holding and ending with some hybrid strategies. Keep in mind that in DeFi landscape it's critical to adjust your strategy to your investment goals and risk tolerance. Decide Upon Your Basic Asset Let's begin by choosing your base asset. This choice will affect every step of your DeFi journey. Usually, it comes down to USDT or TON. Choosing TON allows you to take advantage of more opportunities on decentralized exchanges (DEXs), e.g. on STON.fi and other similar platforms. More varied trading pairs and frequently cheaper transaction fees are m
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Yield Farming in DeFi: How to Get Started on TON and beyondIn this guide, you'll get a comprehensive overview of yield farming and learn some safe and effective strategies on how to use it. Whether you're a DeFi novice or an experienced investor, we will equip you with the knowledge to navigate through yield farming, both on TON and other blockchain networks. What Is Yield Farming in DeFi? Yield farming, also known as liquidity mining, is a process where users lend their cryptocurrency assets to a project or supply funds into liquidity pools in exchange for rewards. It's become a popular strategy in recent years as DeFi protocols compete for users by offering attractive returns on deposited ass
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Impermanent Loss Explained: A Guide for DeFi Liquidity Providers (Examples & Case Studies)Impermanent loss refers to the loss that liquidity providers (LPs) might experience when they supply assets to a DeFi liquidity pool, compared to simply holding those assets outside the pool. This phenomenon occurs due to the fluctuations in the prices of the tokens within the liquidity pool. To better understand impermanent loss, it's essential to know the mechanics of automated market makers (AMMs) and how they function. The Basics of Liquidity Pools and AMMs In DeFi, liquidity pools are the backbone of decentralized exchanges (DEXs), where users trade cryptocurrencies without a traditional order book. Liquidity pools consist of pairs
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NFT Music: Revolutionizing the Music Industry in 2024 and BeyondFrom chart-topping artists to indie musicians, NFTs are opening new avenues for creativity, fan engagement, and revenue streams. But what does this mean for artists, listeners, and investors in the ever-evolving landscape of music and technology? What Are Music NFTs? Simply put, it's a unique digital token that's linked to a piece of music. This could be a single track, an entire album, a music video, or even a piece of generative music. But here's where it gets interesting: music NFTs aren't just about owning a digital file. They're about owning a piece of the music itself. Imagine having a stake in your favorite artist's next hit –
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BTCFi: How BRC-20 Tokens are Shaping Bitcoin’s EcosystemBitcoin, long recognized as a digital store of value and medium of exchange, has traditionally lagged behind Ethereum in decentralized finance (DeFi). However, the advent of BTCFi and BRC-20 tokens is changing this landscape. What Are BRC-20 Tokens? BRC-20 tokens are fungible tokens on the Bitcoin blockchain, using the Bitcoin Ordinals protocol. This protocol inscribes data onto satoshis (Bitcoin's smallest units) as JSON, including token details like name and supply. BRC-20 aims to bring token functionality to Bitcoin, similar to Ethereum's ERC-20 tokens, but with Bitcoin's unique features. Unlike ERC-20 tokens that use smart contracts