As per a report from a known crypto media outlet, a former executive of Ton Foundation is ready to launch a yield and lending investment platform on Telegram. The platform is named ‘Afflunet.’
It is worth noting that Affluent hit full launched in TON chain a blockchain linked to Telegram; in a X quoting X post of Affluent the Co founder and Co CEO, Justin Hyun of Affluent said, “ Unveiling our first Strategy Vault, TON Multiply Vault, a one-click tsTON looping strategy,” he added, “ More active and passive strategies are coming as well as Affluent Points.”
The announcement shared by Affluent to the crypto media outlet quotes a statement of Justin Hyun, “ Our goal is to transform complex DeFi services into a simple and intuitive experience where users of all backgrounds and knowledge levels can easily invest and grow their wealth.”
Why is Affluent launched on Telegram?
With this launch on Telegram, it aims to simplify decentralized finance by integrating trustless crypto assets management into the Telegram ecosystem, leveraging the Open Network blockchain.
It is noteworthy that Affluent operates as a mini-app within Telegram, acting as a ‘smart bank for crypto.’ Allowing users to engage in DeFi lending and yield strategy with a single click, making complex financial services accessible for users of all experience levels.
Affluent is natively built in TON; it uses a massive user base of Telegram for seamless access, eliminating the need for a complex wallet or external application.
According to Justin’s LinkedIn profile, with his roles as co-founder and Co CEO at Affluent, he is working as an advisor with Delabs Games, in July 2024, started as an advisor at TON society, and his term ended in December 2024
From February 2022 to June 2023, Justin worked as Head of Incubation with Ton Foundation. In June 2023 then he got promoted as Director of Growth. He worked for 8 months in the role and served as Director of Institutional Growth from January 2024 to July 2024
Toncoin price updates
According to the data from CoinMarketCap, Toncoin is priced at $2.99 with an increase of 1.48% in the past 24 hours, and its market cap has reached $7.37 billion and a trading volume of $137.26 million.
Despite this short-term gain, Toncoin lost 5.94% in a week and 45.77% in the YTD, and 52 it declined 61.79%; as of publishing, TON/USD was trading below its all crucial EMAs, including the 20, 50, 100, and 200 days.
Source: TradingView
On June 15, 2024, Toncoin traded highest at $8.24; in a 52-week time frame, it traded highest at $8.10 and lowest at $2.38; data on EtherScan(dot)io notes that TON holders are 36,135 with an on-chain market capitalization of $36,126,000.
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Ex-TON Exec Unveils Affluent on Telegram, Toncoin Up 1.48%
As per a report from a known crypto media outlet, a former executive of Ton Foundation is ready to launch a yield and lending investment platform on Telegram. The platform is named ‘Afflunet.’
It is worth noting that Affluent hit full launched in TON chain a blockchain linked to Telegram; in a X quoting X post of Affluent the Co founder and Co CEO, Justin Hyun of Affluent said, “ Unveiling our first Strategy Vault, TON Multiply Vault, a one-click tsTON looping strategy,” he added, “ More active and passive strategies are coming as well as Affluent Points.”
The announcement shared by Affluent to the crypto media outlet quotes a statement of Justin Hyun, “ Our goal is to transform complex DeFi services into a simple and intuitive experience where users of all backgrounds and knowledge levels can easily invest and grow their wealth.”
Why is Affluent launched on Telegram?
With this launch on Telegram, it aims to simplify decentralized finance by integrating trustless crypto assets management into the Telegram ecosystem, leveraging the Open Network blockchain.
It is noteworthy that Affluent operates as a mini-app within Telegram, acting as a ‘smart bank for crypto.’ Allowing users to engage in DeFi lending and yield strategy with a single click, making complex financial services accessible for users of all experience levels.
Affluent is natively built in TON; it uses a massive user base of Telegram for seamless access, eliminating the need for a complex wallet or external application.
According to Justin’s LinkedIn profile, with his roles as co-founder and Co CEO at Affluent, he is working as an advisor with Delabs Games, in July 2024, started as an advisor at TON society, and his term ended in December 2024
From February 2022 to June 2023, Justin worked as Head of Incubation with Ton Foundation. In June 2023 then he got promoted as Director of Growth. He worked for 8 months in the role and served as Director of Institutional Growth from January 2024 to July 2024
Toncoin price updates
According to the data from CoinMarketCap, Toncoin is priced at $2.99 with an increase of 1.48% in the past 24 hours, and its market cap has reached $7.37 billion and a trading volume of $137.26 million.
Despite this short-term gain, Toncoin lost 5.94% in a week and 45.77% in the YTD, and 52 it declined 61.79%; as of publishing, TON/USD was trading below its all crucial EMAs, including the 20, 50, 100, and 200 days.
Source: TradingView
On June 15, 2024, Toncoin traded highest at $8.24; in a 52-week time frame, it traded highest at $8.10 and lowest at $2.38; data on EtherScan(dot)io notes that TON holders are 36,135 with an on-chain market capitalization of $36,126,000.