Amidst the bustling world of blockchain, Layer1 blockchain TAC has made a grand entrance, launching its public mainnet and unveiling its native token on major exchanges like Bitget, Binance Alpha, and Bybit. 🎉
According to a press release that crypto.news received, the public mainnet is now live, and it’s not just a sleepy little network. Major DeFi protocols such as Morpho, Curve, Bancor, Euler, ZeroLend, IPOR Fusion, and Market.win have already set up shop, ready to do business. 🏦
With the mainnet now public, TAC is gearing up to distribute validator grants, activate liquidity incentives on partner DEXs, and publish proposals for community growth programs. Thanks to a partnership with the liquidity distribution protocol Turtle Club, the mainnet boasts over $800 million in TVL right out of the gate. 🐢💰
Built on the robust Cosmos-EVM architecture, TAC is designed to be compatible with Ethereum’s (ETH) Cancun hard fork. The mainnet is also integrated with Bitcoin (BTC) staking protocol Babylon, which adds an extra layer of security by enhancing consensus validation. 🛡️
The project’s native token, $TAC, is now available on the Telegram Wallet and can be traded on Binance Alpha, Bitget, Bybit, and Kraken. The token serves three crucial purposes: gas fee payment, staking, and governance. It’s the exclusive gas token on the protocol’s EVM, with a back-end logic mechanism that converts TON-denominated fees into TAC. 🛠️
For those looking to secure the network, $TAC is used in a delegated proof-of-stake system, where validators must bond the native tokens to produce blocks. Holders can earn yields through staking, with APYs ranging from 8% to 10%. 📈
Lastly, the token unlocks on-chain governance, allowing stakers to direct upgrades, incentive programs, and the community treasury. It’s like giving the people a voice in the grand scheme of things. 🗣️
Co-founder of TAC, Pavel Altukhov, stated that the mainnet and token launch marks a significant step not just for TON (TON), but for the evolution of Telegram. “TAC enhances the TON ecosystem with a ready-to-use DeFi layer, battle-tested and live from day one,” Altukhov declared. 🚀
TAC is a purpose-built blockchain that enables EVM dApps to access TON and the Telegram Ecosystem’s vast user base of over one billion users. By bringing EVM functionality and liquidity to the TON ecosystem, the project helps builders focus on consumer use cases, rather than getting bogged down in technicalities. 🛠️📱
The launch of the mainnet follows a successful seed and strategic funding round led by Hack VC, which raised $11.5 million on June 18. It’s a promising start for a project that aims to bridge the gap between blockchain and the masses. 🌍🔗
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2025-07-15 13:16