MEXC Ventures makes biggest investment yet with Toncoin Foundation

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MEXC Ventures makes biggest investment yet with Toncoin Foundation

MEXC Ventures, a subsidiary of MEXC's global cryptocurrency exchange, has announced a significant investment in The Open Network, the largest layer-1 investment the firm has ever made. This investment will work together with a strategic partnership with The Open Network Foundation. This symbiotic collaboration represents the shared vision of both companies in promoting global Web3 accessibility by reducing the barriers to entry.

The investment of MEXC Ventures, the highest level it has committed to any layer-one blockchain, is just one part of MEXC's broader efforts to bolster the growth of TON's ecosystem. MEXC Ventures' investment support for TON-based projects, such as Sonet, LightBox, TONPlay, and Megaton Finance, is already well underway, and the venture firm plans to continue funding TON-based mini apps and projects. MEXC's platform will also provide marketing services and promotion for the TON-based projects they list on their platform. To further enhance a commitment to The Open Network, MEXC exchange will also introduce 0% trading fees for Toncoin and plan to provide a TON collateral lending service in the near future.

TON Foundation is a bridge that connects nearly 800 million monthly Telegram users to Web3 and true asset ownership. The team is dedicated to transforming TON into a streamlined platform as a one-stop shop for Internet3, providing more users with the ability to buy cryptocurrency assets quickly and efficiently. TON Foundation's aim is to create a Web3 ecosystem within the Telegram app, transforming the social messenger platform into a huge traffic hub for easy access to crypto assets, with the support of MEXC Ventures.

Toncoin, a native cryptocurrency of TON, is used for executing smart contracts, using decentralized applications, and participating in governance on TON blockchain. A portion of Toncoin has also been given to the TON Foundation to support the development of the ecosystem. To date, the TON ecosystem boasts a broad range of applications, encompassing wallets, DeFi protocols, decentralized exchanges, games, NFTs, cross-chain bridges, and social, with a well-established foundational infrastructure.

MEXC is a centralized cryptocurrency exchange that employs state-of-the-art matching technology, and has established a significant presence in the realm of futures trading in the cryptocurrency industry. MEXC, with its lowest trading fees in the market, a professional team providing exceptional service support across the globe, and a seamless trading experience, is well-regarded by users in the industry, with over 10 million users in more than 170 countries worldwide. MEXC has always adhered to the value of the value since its inception. The customer satisfaction is the most important criteria for determining the direction of a company. The fundamental reason for MEXC's unwavering commitment to customer satisfaction is due to its dedication to ensuring that every employee receives a superior level of service. MEXC official website. MEXC Ventures, a full-stack venture under MEXC Group, is dedicated to empowering innovation in the cryptocurrency industry through strategic investments, M&A, FOF, and project incubation. Mexc Ventures is committed to exploring opportunities and growing together, by sharing fund resources and offering solid support for projects. The team is spread across the globe, with $100 million+ AUM and 300+ portfolio investments.

The Open Network Foundation was established in Switzerland in 2023 and is a non-profit organization. The TON Foundation is 100% funded by the community, acting in the community's interests, and supports initiatives aligned with The Open Network's goal. How do you learn more at www.ton.foundation.com?

Crypto is being placed in everyone's wallets by the Open Network. By building a Web3 ecosystem at Telegram Messenger, TON is providing billions of people with the opportunity to own their digital identity, data, and assets.