USDt on TON or how your funds can be blocked
Centralized stablecoins provide the opportunity to preserve the value of capital without withdrawing money from the blockchain. But there is another side:
A fund that provides price pegging to, for example, the dollar is subject to regulatory requirements. For the execution of which, it is necessary to implement the ability to block funds🛑, etc., at the smart contract level.
Stablecoin from Tether on TON is no exception: the admin of the master contract has the opportunity to both block funds on certain wallets and completely change the code and data of the master contract!
So that we can understand how it works, I analyzed the centralized stablecoin standard on TON:
ENG LINK | RU LINK
Don’t worry if you don’t understand smart contracts on TON, in this article I go over everything from the very basics to the mechanics of blocking in the contract code. I will be glad to see your likes and views 👀 on the article...
If you want to purchase USDt on TON, you can do this on centralized exchanges, for example, Bybit, or on DEX, for example, Stonfi
Tutorial: Jetton Dashboard
Anyone who is interested in token purchase has encountered the difficulty of data availability.
Blockchains are poorly adapted for collecting analytics - nodes and lightnodes provide information only on a specific block of the network, so you have to use blockchain indexers services or API of services running on the blockchain.
As decentralized exchanges strive to have a presence on platforms like coingecko, they create standardized APIs, often making them open source. Such APIs allow you to get a lot of information related to token trading.
Therefore, in this article we will put together a dashboard for tokens on the TON blockchain and see how easy it is to get data from DEX, but in the end we will talk about the problems of this method of data collection. I hope such a simple tutorial will make the steps in the TON blockchain clear and enjoyable.
LINK ENG | RU
I will be grateful for your support - every like and repost helps, since the topic of blockchain is difficult to perceive
@ton_learn | twitter | buy TON and jettons
TON - How do top traders make money on DEX?
In any business/sport/hobby, it is always interesting to learn the secrets/methods/techniques of the best. Therefore, I downloaded all swaps from Stonfi and Dedust for the last 30 days and calculated Realized Profit so that I could analyze their transactions. Let's see what came of it.
Methodology
I took swaps - within 30 days, since I was interested in active traders
Excluded those with less than 10 transactions in 30 days
I only took pairs from TON
I calculated Realized PNL - I have a separate post about this
TOP 5 traders by PnL (by clicking on the address you will see transactions for all time):
1) mCiU 30d swaps: 51 PNL: 97806 ~ TON
This address simply drained the GRAM token for 30 days, by the way, this is a problem with PnL as an indicator - the absence of purchases on DEX is displayed as a huge profit
2) naCQ 30d PNL: 34427 ~ TON
Same as the address above
3) d6Ke 30d PNL: 32413 ~ TON
traded: PLANKTON,TON Inu
sold: DFC, GLINT, PUNK and many others
4) c2lN 30d PNL: 30294 ~ TON
Like the first two addresses, simply sold GRAM
5) rN2L 30d PNL: ~ 24939 TON
And again just GRAM sales
Here I realized that we need to take into account the number of sales and purchases and additionally sort only them, otherwise we simply get a list of those who bought/received tokens before the period in question and simply sold them
TOP 5 traders for PnL with ~similar BUY and SELL:
1) zVGO total pnl: ~ 14172 TON buys: 14 sells: 20
Bought and sold GRAM
2) yhHu total pnl: ~ 10105 TON buys: 6 sells: 7
Bought and sold KINGY and DFC
3) _r6M total pnl: ~ 8852 TON buys: 6 sells: 13
Very diverse deals
4)o9Qf total pnl: ~ 7655 TON buys: 2 sells: 9
Bought and sold GRAM and SCALE
5)cFI- total pnl: ~ 7312 TON buys: 24 sells: 33
Very diverse deals
Jettons that gave maximum 30d PnL:
GRAM about ~ 833712 Total DEX PnL in TON
DFC about ~ 150267 Total DEX PnL in TON
JETTON about ~ 63876 Total DEX PnL in TON
ARBUZ about ~ 26995 Total DEX PnL in TON
TONNEL about ~ 26243 Total DEX PnL in TON
If you want to study the trades and PnL of any address on TON, I have an open source tonlearn.tools. Enter the address, click on the lines with Jettons and copy the transactions of any TON DEX Trader.
TG Usernames - What to buy at TON?
Telegram Usernames is a top NFT collection with clear utility
But which usernames can be resold profitably in this collection?
To answer this question, I parsed all transactions over the past six months.
Next, I took from there transactions where:
- there was a change of address of the owner (which means resale)
- price >120 TON (we are looking for how to make money).
The result was about 3,000 resales.
Then I got the following clusters:
1) Names - 103 resales
There are especially many female names in this category
TOP resale: selena - 8 000 TON
2) Crypto - 100
Diffrent crypto related things
TOP resale: memecoin - 42 069 TON (first resale was 368 TON!!!)
3) Brand - 74
The possibility of marketing expenses by brands makes this category interesting
TOP resale: yahoo - 25 000 TON
4) Chinese 70>
Most likely there are even more Chinese words than I marked - unfortunately I don’t know Chinese
One of the top resale: yinhang - 10 000 TON (first resale was 366 TON!!!)
5) Georaphic names- 54:
There are both popular locations and rather small-town locations like gomel - small city in Belarus
TOP resale: america - 15 800 TON
6) Occupation - 48
Professions and names associated with hobbies
One of the top resale: creator - 10 500 TON
7) Gambling - 40
Words including bet casino are often found in the dataset
One of the top resale: roulette - 80 000 TON
8) Technology - 37
This category surprises me a little, the words here are very diverse
TOP resale: livestream
9) Transliteration - 29
Telegram is popular in Russia and of course there is a cluster with Russian words written in English letters
ТОП: kalyan (means hookah) - 4 212 TON
10) Filthy language - 23
Everything is simple here - swear words and other prohibited on tv words
One of the top resale : slut - 10000 TON
11) Celebrity - 19
In this cluster, full names are rarely found; resales occur for some short names that are associated with celebrities
TOP resale: musk - 9 088 TON
I think you will be interested in reviewing them
I want to say a special thank you to the guys from dton whose service allows you to do such analytics.
P.S I leave the chat closed for now - there is a lot of spam from
P.P.S In the next post we will look at the top traders on DEX in TON
@ton_learn | twitter | buy TON and jettons
RedsTONe Oracles - what to do about it?
Recently, news appeared about the partnership between the Redstone oracle and the TON blockchain. The emergence of such an oracle should open up opportunities for creating new projects on TON.
But what can be created using oracles?
If we discard, scam things like lotteries and guessing crypto prices,it turns out that the ideas do not lie on the surface. You have uploaded some external information to the network and what next?
Therefore, in this article we will look at what patterns there are for using oracles in the blockchain. To later make tutorials on this topic in TON.
LINKS: ENG Article | RU Article
I will be grateful for your support - every like and repost helps, since the topic of blockchain is difficult to perceive
@ton_learn | twitter | buy TON and jettons