TON Launches W5 Smart Wallet with Zero Fee Transactions
2024-07-26
Bittime - TON, one of the major players in blockchain technology, has just introduced the W5 Smart Wallet, an innovation that enables zero-fee transactions. This launch was carried out by the TON core team in collaboration with TONKeeper.
TON and TONKeeper collaboration
The collaboration between TON and TONKeeper aims to change the way transactions are carried out on the TON blockchain by introducing the concept of transactions without gas fees. With W5 Smart Wallet, users no longer need to use $TON as gas fees for their transactions. Instead, users can pay USDt transactions with USDt and $NOT transactions with $NOT, which will hopefully reduce barriers for new users.
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Featured Features of W5 Smart Wallet
W5 Smart Wallet can handle up to 255 transactions at once. This feature addresses the problem of transaction speed and scalability which has been a challenge. With these capabilities, W5 Smart Wallet not only offers zero-fee transactions but also high transaction speeds, making it an ideal solution for blockchain users.
TONKeeper: Integrated Digital Wallet
TONKeeper is a digital wallet designed to manage and interact with assets on the TON (The Open Network) blockchain. This wallet provides a user-friendly interface for both beginners and experienced users. In recent months, TONKeeper has introduced W5 Wallet to enable USDT and Notcoin transfers without gas fees on the TON blockchain. They also introduced Tonkeeper Battery which covers transaction fees when the account does not have a TON balance.
Reasons Behind TON's Popularity
The popularity of TON (The Open Network) is increasing rapidly due to several key factors that increase user engagement and investment interest. One of the main factors is the rapid growth of games on the TON blockchain, which has attracted hundreds of millions of users in a few months. This boom has not only expanded the user base but also demonstrated the capabilities of the platform.
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Relationship between TON's increasing popularity and Telegram
Additionally, the relationship with Telegram played an important role in TON's rise in popularity. The network, originally developed by the creators of the popular messaging app, gained renewed attention following the announcement of a revenue sharing initiative by Telegram. The program allows channel owners to earn 50% of advertising revenue in the form of Toncoin, creating a direct financial incentive for users to engage with the network. This announcement likely contributed to Toncoin's price increase.
Community Initiative of the TON Foundation
The TON Foundation also launched community initiatives such as the Open League which offers great prizes and incentives to participants. The program has generated impressive metrics, including an increase in Total Value Locked (TVL) and an increase in the number of daily active wallets.
Future Support for TON W5 Smart Wallet
TON also revealed that more projects, especially wallets like TON Space, the self-custody version of @wallet_tg, and @MyTonWalletNews will soon add support for W5. This innovation shows TON's commitment to expanding their ecosystem and offering the best solutions for blockchain users.
With the launch of W5 Smart Wallet, TON again shows its leadership in blockchain innovation, providing a better and more efficient transaction experience for all users.
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