Fair Launch of Simple Ton Coin (SIMPL) Meme Coin on TON Blockchain — TradingView News

Simple Ton Coin (SIMPL), an emerging project at the intersection of the two hottest narratives of this crypto cycle – meme coins and the TON ecosystem – welcomes all cryptocurrency enthusiasts to take part in its sale.

What is SIMPL, new meme coin on the red-hot TON blockchain: quick facts

With a total relinquishment of ownership of the token’s initial contract, an imaginative memetic narrative, and a community-focused approach, Simple Ton Coin (SIMPL) may soon be in the spotlight for the TON audience.

• Simple Ton Coin (SIMPL) is a meme cryptocurrency on the TON blockchain, a trending EVM smart contract platform.
• The fully functional mainnet version of Simple Ton Coin (SIMPL) was unveiled to the public on June 16, 2024.
• Since the beginning of its operations, the creators have verifiably given up ownership of the initial smart contracts so that no one can somehow alter the foundations of the Simple Ton Coin (SIMPL) economy.
• Furthermore, to eliminate the risk of tampering and other manipulations, the team destroyed the main liquidity reserve.
• The token was named to immortalize Simple-Ton, a fictional magazine from SpongeBob SquarePants, an iconic 1999 animated TV series.

Simple Ton Coin (SIMPL) exploits first-mover advantage as meme coin segment on TON appears less saturated than Solana SOLUSDand also Base (BASE) or Polygon MATICUSD.

What are meme coins?

Meme coins (meme cryptocurrencies, meme cryptocurrencies) are digital assets inspired by Internet memes, jokes, or popular culture, often created as a parody or for fun. Typically, such cryptocurrencies do not face serious economic or technological challenges.

Dogemoneta DOGEUSD, a 2013 spin-off of Litecoin (LTC), is known as the first meme coin ever. It started as a joke based on the once-popular “Doge” meme featuring a Shiba Inu dog, Kabosu. Meme coins typically have large quantities and low prices, attracting investors looking for quick profits. They rely heavily on community enthusiasm, social media hype, and celebrity endorsements to promote their value. Meme coins gained popularity in 2020 thanks to “TikTok pumps,” coordinated buying and selling campaigns by amateur investors.

Shiba Inu SHIBUSD and its many imitators should be considered symbols of the meme coin mania that introduced cryptocurrencies to millions of people in 2021-2024.

What is TON?

The TON (Telegram Open Network) blockchain is a decentralized platform developed by the team behind Telegram, a popular messaging app. Nikolai Durov, former CEO of Telegram, is a key figure in the first TON blockchain.

Thanks to its technically advanced infrastructure, TON works faster than traditional L1 and L2. Its deep integration with Telegram, the most popular messenger in the world, is the main feature of TON and its dApps.

As of 2023, the TON ecosystem has grown exponentially. In April 2024, the world’s largest stablecoin, the US dollar Tether USDTUSD presented his version on TON.

Why is TON encryption popular?

TON is the fastest growing cryptocurrency ecosystem in 2024. It has attracted a lot of attention and has integrated hundreds of decentralized applications thanks to a combination of factors.

• Seamless Integration with Telegram: Integration with one of the most used messaging apps in the world is the perfect way to bring your Web2 audience to Web3 applications without additional incentives.
• Aggressive Promotion: TON’s community and contributors demonstrate unrivaled activity on social media, showcasing the benefits of their products for developers and end users.
• Foundation Support: The TON Foundation, the non-profit organization that supports the development of the TON-based dApp segment ecosystem, is always ready to provide advice, documentation and financial support to TON early adopters.

Additionally, TON is known as a developer-friendly and gas-efficient blockchain for traditional dApps of various types.

Introducing Simple Ton Coin (SIMPL), the new meme coin star on TON

Launched in late Q2 2024, Simple Ton Coin (SIMPL) is attempting to merge best practices in the meme coin segment. It focuses on fun ethics and fair and inclusive tokenomics for the mutual benefit of various classes of participants in its ecosystem.

Simple Ton Coin (SIMPL): Basics

Simple Ton Coin (SIMPL) is a meme cryptocurrency on The Open Network (TON), a mainstream L1 blockchain. SIMPL is inspired by the charisma of SpongeBob and Patrick, characters from the Nickelodeon TV series SpongeBob Square Pants. Image by Simple Ton Coin

The Simple Ton Coin (SIMPL) team explains the idea behind the token’s main storyline as follows:

Simple-Ton is a magazine that appears in the episode “You Don’t Know Sponge”. It has a lot of simple things to do, hence the title. Contains a message “How well do you know your best friend?” quiz. The quiz also contains questions like “Is your friend left-handed or right-handed?” and “What is your friend’s favorite color?” SpongeBob and Patrick read Simple-Ton to answer questions about each other to see how close they are as best friends. After Patrick doesn’t answer any of the answers correctly, SpongeBob is still Patrick’s best friend.

The token was created using Jetton, a smart contract framework for digital assets on the TON blockchain. Technically, Jettons are tokens issued on top of TON, not unlike the popular ERC-20 tokens on Ethereum ETHUSD and blockchain EVM.

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Image by Simple Ton Coin

The token supply is limited to 100 million and cannot be changed in the future. Ownership of SIMPL’s initial contract was revoked and its major liquidity holdings were destroyed forever to make the asset scarcer and more resistant to manipulation.

Simple Ton Coin (SIMPL): launch date and design

Technically, the SIMPL (EQATbeOJQKUn3Cv8vnrA-5R8X9F-NNsQ05djaSzKmwXwQYkV) smart contract was created on June 17, 2024. This means that the corresponding Jetton was deployed on the mainnet of the TON blockchain and became transferable and visible to explorers.

According to Simple Ton Coin (SIMPL) documentation portal, its total supply is limited to 100 million tokens forever. This fixed supply ensures scarcity and helps maintain the value of the token over time.

Of this allocation, 2,000,000 SIMPL is reserved for the development team (two pseudonymous developers, Bob and Pat) to ensure continuous improvement and innovation. This allocation supports the ongoing development, maintenance and future updates of the platform. The rest of the tokens are sent to an independent liquidity pool to ensure that order books on DEXs are protected from huge volatility and manipulation.

Simple Ton Coin (SIMPL): Community

The Simple Ton Coin (SIMPL) product is heavily focused on the emerging meme coin community built around the TON blockchain. It has already managed to build a solid presence on X (formerly Twitter) and Telegram, which is the main messenger of the TON ecosystem.

Representatives of Simple Ton Coin (SIMPL) invite its supporters to participate in engaging community events and campaigns that are fun and enable self-expression for Web3 enthusiasts.

The token looks like a potentially dangerous competitor to Resistance Dog (REDO), another popular meme coin on the TON blockchain that pays homage to Telegram’s Digital Resistance campaign in 2018.

Simple Ton Coin (SIMPL): Infrastructure and ambitions

Despite being in its infancy, Simple Ton Coin (SIMPL) is already monitored by major analytics tools in Web3. For example, SIMPL is listed on CoinMarketCap and automatically browsed by DexTools and DEXScreener, two global on-chain analytics machines.

U.Today

Image by Simple Ton Coin

Furthermore, SIMPL can already be purchased on-chain, without the need to send funds to a centralized wallet. DeDust.io, an AMM-based decentralized exchange on the TON blockchain, has listed SIMPL in a pair with corresponding liquidity pool coins.

The Simple Ton Coin (SIMPL) team has released a two-phase roadmap to reveal its ambitions to the community. During the first phase, SIMPL contributors will focus on technology development, DEX listings, and community management. The second phase prioritizes influencer marketing, CEX list, and organic audience growth.

Bottom line: What makes Simple Ton Coin (SIMPL) special?

Simple Ton Coin (SIMPL) is the newest meme coin on the TON blockchain and one of the first such assets on TON. Simple Ton Coin (SIMPL) was released with a fixed supply of 100 million tokens, its ownership contract was revoked, while the lion’s share of the supply was burned.

Simple Ton Coin (SIMPL) will benefit from its first-mover advantage and has already established a solid social media presence.

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