The Open Network (TON) has attracted a lot of investors, developers etc all over the world which made the ecosystem continue to soar higher almost everyday. In my previous post, Post I spoke extensively about the TON Ecosystem.
But today, we will be looking into the various wallets associated with this ever-growing ecosystem.
TON ecosystem has three wallets namely;
- TON Beta Space wallet
- TON Wallet
- TON KEEPER.
These three are unique in operations and that is why I will talk about them one after the other.
✓ TON Beta Wallet: this wallet is seen as a non-custodial (Decentralized) wallet which allows the user to manage funds himself/herself. i.e the user determines how the tokens (money) go out, how the tokens (money ) come in without the interference of the team members of the ecosystem. In this non-custodial wallet, a passphrase is attached to it which is expected of the owner to keep in a safe place and not share it with anyone because if it gets to the wrong hands, the person's funds can be stolen and in fact, the developers of the TON Ecosystem don't have it with them. It does not require KYC (Know Your Customer) once you have have created your wallet, you are good to go on receiving and sending funds. In a nutshell, it offers privacy for her users.
✓ TON Wallet: unlike the first one I explained, this one is custodial (centralized) in nature which means the owner is not in charge of the funds and this type of wallet is susceptible to hacks and security breaches. Using this wallet means the user relinquishes control over her assets just like the conventional banks but there is nothing to panic about because it has some advantages too. It is fast when transacting, it is easy to use and also leverage on KYC (Know Your Customer) with this, everyone is monitored on the exchange platform.
It should be noted that TON Beta Space wallet and TON wallet are both built on the Telegram Messaging app which means trading is made easier for everyone regardless of your knowledge about cryptocurrency and you can start where you are. If you will like to explore these wallets, I have made a video on my YouTube Channel to help teach the practicality of using these wallets on How to create wallet on telegram and the difference in TON Space Beta and TON Wallet.
✓ TON Keeper: this is where larger percentage of trades, swaps, Fair Launch, stakings etc occur. It is a decentralized wallet but unlike the first two explained, it is built separately as an app and not on telegram. It allows varieties of activities with it's in-built browser and demarcated in categories for easy navigation.These are mentioned below;
∆ Digital Normads: this allows you to navigate through TOKEN STORE where you buy gifts cards, game credits and you pay with TON. Ton Mobile gives you the opportunity to to buy eSIM and some other amazing things. You can go through it access it yourself.
∆ Exchanges: you are able to turn your fiat-to-crypto on Mercuryo, you are allowed to instantly buy TON, BTC with your credit card on Neocrypto. Many other exchanges are available such as AvanChange, Coindrop you might want to check out.
∆ DeFi (Decentralized Finance): this is another category where you will STON.fi which allows you to exchange your crypto assets with low fees, DeDust is a Hub for managing Defi assets with built-DEX. We also have Tonstarter, Tonstakers, Storm Trade etc. you need to check them out.
∆ NFT: this is a category where NFT lovers can buy awesome collectables. Getgems is a place you will like to visit if you are an NFT lover. TON Diamonds is a Boutique NFT Marketplace and DEX Aggregator with best rates. Fragment is a place you will buy/sell Telegram username and anonymous numbers.
These and many more are what are embedded in this TON Ecosystem and you might want to have a look which I will advise.