MEXC Ventures invests eight-figures in Toncoin and partners with TON Foundation
, a subsidiary of the global cryptocurrency exchange MEXC
, announced its largest layer-1 investment to date with an eight-figure funding into Toncoin.
This significant investment is accompanied by a strategic partnership with the TON Foundation
. Together, both entities take a step towards making Web3 globally accessible and easy to use, aiming to put Web3 in every pocket.
MEXC Ventures is enhancing the growth of the TON Ecosystem by funding TON-based projects such as Megaton Finance
, and Sonet
. Additionally, MEXC’s exchange will provide marketing services for TON projects they list, offering 0% trading fees for Toncoin and planning to launch a TON collateral lending service in the future.
TON Foundation serves as a gateway to Web3, empowering Telegram's 800 million active users with ownership over their digital identity, data, and assets. MEXC Ventures’ support significantly enhances TON Foundation’s ability to develop tools and applications to make crypto as easy as texting.
To learn more about this strategic partnership, read this article