‘The Open Network’ (TON), originated as a Telegram Blockchain project, opens new phase for Megaton Finance

SEOUL, KOREA, Feb. 28, 2023 (GLOBE NEWSWIRE) — Megaton Finance (developed by OZYS ) has consolidated its position as the No. 1 DEX, presenting a new standard for the TON ecosystem.

After the successful launch, Megaton Finance is set for another leap in the game. Before the Token Generation Event (TGE), on March 9, its governing token, MEGA, is expected to be listed on the Global Cryptocurrency Exchange, Huobi Global, on March 7.

Megaton Finance is an Automated Market Maker Decentralized Exchange (AMM-DEX) protocol running on TON, developed by OZYS, Korea’s leading blockchain technology company. Even before the issuance of MEGA tokens, and within a week of the grand launch, Megaton Finance achieved $7M TVL with an overwhelming 90% dominance in the TON ecosystem despite bear market conditions.

Megaton Finance is the TON version DeFi services to Klaytn’s KLAYswap and Polygon’s Meshswap developed by OZYS. Anyone can use Megaton Finance by connecting to TON Wallet, Tonhub or Tonkeeper. The Megaton Finance team expects that future version updates will diversify MEGA’s use cases.

The TON blockchain originated as a Telegram blockchain project, but is now being developed by a decentralized developer community. Since last year, OZYS has partnered with the TON Foundation to establish a user-friendly ecosystem that aims to integrate 700 million Telegram users to Web3.

In addition to DEX building, OZYS is also known for cross-chain technology. OZYS’ Orbit Bridge boasts over 850,000 transactions, representing a cumulative transaction volume of $12.5 billion. Orbit Bridge currently supports 20 blockchains and 94 assets. With its utmost dedication to safety and stability, the Orbit Bridge is audited regularly by Theori and has proven its resilience in safety since its launch.

OZYS multichained TON by connecting it to the Orbit Bridge. As a result, main assets such as BTC, ETH, MATIC, USDC and USDT have flown into the TON ecosystem, and Toncoin may also move on to other mainnets. The TON Foundation also participates as a validator for Orbit Bridge.

OZYS also developed the WTON Gateway, a wrapper protocol to extend the usability of native Toncoin. In the TON ecosystem, WTON Gateway has already established a firm position on TON as the TVL is about 130 times higher than other wrapping protocols. OZYS is also working on a non-custodial wallet with a chatbot feature that can be connected to a Telegram account.

Various Web 3 builders including TON Society, Tonstarter, TON Ecosystem Builder (TEB), The Open Network Alphanonce VistaLabs (TAV), WEMIX, GALAXIA, DWF Labs, FS Labs, Encoding Labs and Orbs are partners of Megaton Finance.

Megaton Finance is audited by CertiK, a web 3/blockchain/smart contract security firm and has also been awarded the ‘CertiK KYC Gold Badge’.

The launch events are currently underway, including support for the TON transaction fees. For more information, visit megaton.fi.

About Megaton Finance

Megaton Finance is a #1 AMM-based DEX on TON (The Open Network) ecosystem, fully built by OZYS. It has been audited by CertiK.

Megaton Finance will establish itself as a user-friendly DeFi protocol that can embrace both existing DeFi users and 700 million Telegram users.

Ultimately, the chatbot feature on Telegram will be installed and combined with the Megaton Finance protocol to create the perfect synergy with the Telegram messenger service.

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About OZYS

OZYS, the developer of Megaton Finance, is a leading blockchain technology company specializing in both scalability and interoperability at a deep level since 2018, located in the Republic of Korea.

OZYS has organically developed and delivered a wide variety of highly sophisticated services on a global level, including Mainnet (Orbit Chain), Node Operation, Cross Chain(Orbit Bridge), DeFi (KLAYswap on Klaytn, Meshswap on Polygon, Megaton Finance on TON, Belt Finance at BNB), and Explorer (KlaytnScope).

Media contact

Brand: OZYS

Contact: PR team

Email: [email protected]

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