TonUP (UP): Grasp the value depression on the TON public chain

远山洞见2024/07/08 05:47

By:远山洞见

I. Project introduction

TonUP is the first Launchpad project on the TON public chain, dedicated to solving the funding gap in the TON ecosystem and providing support for the development and growth of emerging projects. Through the TonUP platform, new projects can quickly obtain the necessary resources and promote the prosperity and progress of the entire ecosystem.

The creation of TonUP is not only to solve the funding problem, but also to build an environment that supports ecological development, thereby accelerating the construction and promotion of new projects. The platform helps innovative projects grow rapidly and occupy a place in the market by providing comprehensive funding, resources, and technical support.

By integrating the technical advantages of TON public chain and TonUP's resource integration capabilities, TonUP is expected to become a leader in the blockchain startup platform field, promoting the widespread application of blockchain technology and the rapid rise of innovative projects.

II. Project highlights

TonUP has strong financing capabilities and the potential to quickly mobilize funds. For example, it previously successfully raised 80,000 TON (approximately $150,000 at the time) for Tap Fantasy in just 32 minutes, demonstrating efficient fundraising capabilities. This quick response and efficient financing capability enabled TonUP to quickly provide necessary start-up funds for new projects.

At the same time, it has received strong support from the TON Foundation and multiple well-known investment institutions. TONcoin.Fund has an investment reserve of $250 million and has invested a six-figure amount in TonUP. This strong financial support and endorsement not only provides reliable funding guarantees for platform projects, but also enhances TonUP's industry status and reputation.

TonUP has implemented a series of strict measures in terms of security and risk management. The platform requires projects to undergo source code security audits and KYC/KYB procedures to ensure the legality and transparency of all projects. In addition, TonUP has implemented fund custody and secure refund policies to further protect investors' fund security.

In addition, TonUP is about to launch the latest IDO and launch the UP token staking plan. The market expects the token price to rise in the short term.

On July 4th, TonUP announced on social media that it will launch BOOM IDO on TonUP on July 11th. The highlight of this IDO is TonUP's innovative community protection plan, which ensures users can participate with confidence.

At the same time, the UP token staking incentive plan is launched. The staking period is from 12:00 noon on July 4th (UTC) to 12:00 noon on August 4th (UTC). Staking 3,000 + $UP also has the chance to win an allowlist seat in the $BOOM IDO UPer Round. On July 9th, a snapshot will be conducted to select UPer allowlist users, and each allowlist seat has a $100 participation opportunity.

From the market reaction, benefiting from Tonup's previous launch project performance, more users have purchased UP as collateral, and it is expected that the price will perform strongly in the short term.

III. Market value expectations

The Ton ecosystem is currently thriving, and market funds and users are extremely concerned. As the first Launchpad platform on the TON public chain, TonUP has received support from many well-known investment institutions and senior expert teams, which not only provides sufficient financial support, but also enhances the platform's market recognition and credibility. Capital support will help TonUP quickly expand its market share and promote more high-quality projects to incubate and grow on the platform.

With its strong financing ability and efficient fund mobilization ability, TonUP has successfully raised a large amount of funds for multiple projects. For example, the previous Tap Fantasy has shown significant market success, which has also established a good reputation and reputation for TonUP. In the future, with the emergence of more successful projects, TonUP's influence will be further enhanced, attracting more excellent projects and investors to participate.

At the same time, the market demand for TON chain emerging projects is increasing, and TonUP, as a Launchpad platform focused on incubating and supporting high-potential projects, just meets this demand.

Therefore, considering the above analysis comprehensively, the current circulating market value of UP is less than 50 million US dollars, which is seriously undervalued by the market and is in a value depression. We have reason to believe in the future price performance of UP. Perhaps with the popularity of TON, it will become a potential dark horse in the ecosystem.

IV. Economic model

As the governance and utility token of TonUP DAO, UP token holders can participate in decision-making, pledge to earn rewards, obtain exclusive platform permissions and voting rights, and control DAO finances.

The total supply limit of UP tokens is 100,000,000, and the specific distribution and attribution are as follows:

IDO: 1% (1,000,000) 100% TGE unlock, public round 50% TGE unlock, remaining 50% unlock next month.

IEO: 1.5% (1,500,000)

Strategy round: 10% (10,000,000) linear attribution 15 months after the 3-month cliff period.

Private Round: 10% (10,000,000) Linear vesting 15 months after the 3-month cliff period.

DAO: 30% (30,000,000) is not currently vested.

Ecosystem: 4% (4,000,000) 50% unlocked in 6 months, 50% unlocked in 13 months.

Teams: 10% (10,000,000) linear attribution 12 months after the 12-month cliff period.

Advisor: 3% (3,000,000) was linearly attributed 12 months after the 12-month cliff period.

Bonus: 15% (15,000,000) 3.1% unlock in 2 months, linear unlock within 36 months.

Liquidity: 5% (5,000,000)

Marketing: 10.5% (10,500,000) 10% TGE unlocked, linear vesting for the remaining 36 months

V. Team and financing

TonUP's founder and CEO is Leo Chen, who has extensive experience in blockchain and entrepreneurship. The core team also includes senior experts in finance, technology development, and marketing, who have extensive resource networks in their respective fields to ensure efficient operation and continuous innovation of the project.

TonUP has previously completed a seed round of financing and received support from investors including TONCoin Fund, Foresight X, Waterdrip, BitFund DAO, and other industry investors. TONCoin Fund has an investment reserve of $250 million and has invested a six-figure amount in TonUP, mainly for team expansion and marketing activities, especially in the Greater China and CIS regions. Foresight X previously stated that its support for TonUP is not limited to financial assistance, but also includes active participation in TonUP's development strategy. TONCoin Fund is committed to helping founders in the TON ecosystem, providing comprehensive support from initial fundraising to expansion strategies

VI. Risk Warning

1. The cryptocurrency market is volatile, and large price fluctuations may lead to investment losses. Therefore, cautious decisions should be made and market risks should be fully understood.

2. It may face risks such as technical vulnerabilities and hacker attacks, which affect the operation of the platform and the interests of investors.

VII. Official links

Website： https://tonup.io/

Twitter： https://x.com/TonUP_io

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.