A Hero’s Journey to the Land of Toncoin 🪄
or How to start making money on TON?
Part 1 | Part 2
Now that you have your first money in your TON wallet, you are probably wondering: how to increase it? Let's figure it out.
✨ Tokens (TON tokens)
In 2022, only a few tokens were traded on TON: $DUST, $JETTON, $PUNK, and $STON appeared a little later. In my opinion, these are still some of the most strongest tokens. A little later, new interesting players appeared: $STORM, $EVAA (awaited), $CATI, $GODL as well as old projects released their tokens: @Whale — $WHALE, @xRocket — $XROCK and others.
As for completely new projects, you need to do a thorough analysis before buying. Keep in mind that tokens are now essentially repeating the history of alts, once there were 100 of them and they were expensive, and then several thousand of them began to appear per day and this always dilutes the capitalization of each of them. Plus the myriad of memes that appear every minute on meme-pads.
🔮 NFT
There are currently tens of thousands of collections on Getgems.io. If you really want to become an NFT holder, try to get it by participating in the activities of some top tier project. Most likely, you will be able to easily sell it for 5, 10 or more TON. Examples: Anonymous numbers and usernames, Welcome to @Whale, Welcome to TON, Tonnel and many others. Anyone could get NFTs from these projects, and absolutely free of charge. Now CapsGame provides such an opportunity. If you want to flip NFT, pay attention to the top 10 popular projects for the last month (or 7 days), as well as the history and volume of trades. Keep in mind that these indicators can be inflated. When buying and selling, you need to take into account the Royalty of the project.
❓ Projects
Tap2Earn, Community apps, Play2Airdrop games — only the strongest will survive, and there will be only a few of them. And by survive, I mean that they will successfully reach the listing and give the community something to earn. The further fate of the token in 99% ends with a fall to the bottom without recovery. Projects like Hamster and X Empire have already caused a wave of negativity. Therefore, you need to very carefully select projects for participation, especially if you decide not to limit yourself to just investing time. Tens of millions of audience is not a guarantee of success, but rather an alarming sign. My favorite community app is BroBot
Remember the criterion: if the project does not actively ask for donations, does not sell advertising to partners and on YouTube, has not received investments from VC funds — most likely it has nothing to give ide. And even in this case, the project may fail at the TGE & listing phase.
🔮 Staking, farming and liquidity
It is worth taking lessons at Storm Trade Academy to understand more about these types of activities. In essence, staking gives a stable income of 3-5% per annum in $TON. The first year in TON, I kept all the coins there until I realized that it was like a bank deposit — it only makes sense if you have large amounts. Farming is the same staking + additional rewards, sometimes there is a good percentage like 700% APY and if the token is stable in price, it can give a profit. Liquidity Pools — I came to the conclusion that it is best to keep liquidity in a pool with one token and not a pair. The price is stable, the income is predictable. My favorites Storm Trade Vaults and DAOLama Vault give 22% and 10% per annum on $USDT, respectively. It is worth reading our post about the difference between APR and APY.
📈 Trading and gambling
I think everyone understands what it is. There is no point in telling. If you clearly understand what you are doing and are ready to lose your investments, then perhaps you should try yourself in this #NFR. The gambling market on TON is divided between two major players — Whale and Jetton. The main platforms for trading on TON are CEX xRocket Exchange and Storm Trade DEX.
☀️ Real stories of ups and downs can be found in our friendly chat.
We appreciate your 🌟 To be continued...
or How to start making money on TON?
Part 1 | Part 2
Now that you have your first money in your TON wallet, you are probably wondering: how to increase it? Let's figure it out.
✨ Tokens (TON tokens)
In 2022, only a few tokens were traded on TON: $DUST, $JETTON, $PUNK, and $STON appeared a little later. In my opinion, these are still some of the most strongest tokens. A little later, new interesting players appeared: $STORM, $EVAA (awaited), $CATI, $GODL as well as old projects released their tokens: @Whale — $WHALE, @xRocket — $XROCK and others.
As for completely new projects, you need to do a thorough analysis before buying. Keep in mind that tokens are now essentially repeating the history of alts, once there were 100 of them and they were expensive, and then several thousand of them began to appear per day and this always dilutes the capitalization of each of them. Plus the myriad of memes that appear every minute on meme-pads.
🔮 NFT
There are currently tens of thousands of collections on Getgems.io. If you really want to become an NFT holder, try to get it by participating in the activities of some top tier project. Most likely, you will be able to easily sell it for 5, 10 or more TON. Examples: Anonymous numbers and usernames, Welcome to @Whale, Welcome to TON, Tonnel and many others. Anyone could get NFTs from these projects, and absolutely free of charge. Now CapsGame provides such an opportunity. If you want to flip NFT, pay attention to the top 10 popular projects for the last month (or 7 days), as well as the history and volume of trades. Keep in mind that these indicators can be inflated. When buying and selling, you need to take into account the Royalty of the project.
❓ Projects
Tap2Earn, Community apps, Play2Airdrop games — only the strongest will survive, and there will be only a few of them. And by survive, I mean that they will successfully reach the listing and give the community something to earn. The further fate of the token in 99% ends with a fall to the bottom without recovery. Projects like Hamster and X Empire have already caused a wave of negativity. Therefore, you need to very carefully select projects for participation, especially if you decide not to limit yourself to just investing time. Tens of millions of audience is not a guarantee of success, but rather an alarming sign. My favorite community app is BroBot
Remember the criterion: if the project does not actively ask for donations, does not sell advertising to partners and on YouTube, has not received investments from VC funds — most likely it has nothing to give ide. And even in this case, the project may fail at the TGE & listing phase.
🔮 Staking, farming and liquidity
It is worth taking lessons at Storm Trade Academy to understand more about these types of activities. In essence, staking gives a stable income of 3-5% per annum in $TON. The first year in TON, I kept all the coins there until I realized that it was like a bank deposit — it only makes sense if you have large amounts. Farming is the same staking + additional rewards, sometimes there is a good percentage like 700% APY and if the token is stable in price, it can give a profit. Liquidity Pools — I came to the conclusion that it is best to keep liquidity in a pool with one token and not a pair. The price is stable, the income is predictable. My favorites Storm Trade Vaults and DAOLama Vault give 22% and 10% per annum on $USDT, respectively. It is worth reading our post about the difference between APR and APY.
📈 Trading and gambling
I think everyone understands what it is. There is no point in telling. If you clearly understand what you are doing and are ready to lose your investments, then perhaps you should try yourself in this #NFR. The gambling market on TON is divided between two major players — Whale and Jetton. The main platforms for trading on TON are CEX xRocket Exchange and Storm Trade DEX.
☀️ Real stories of ups and downs can be found in our friendly chat.
We appreciate your 🌟 To be continued...