Simple Ton Coin (SIMPL) is a new meme coin on The Open Network (TON), a developer-friendly and gas-efficient blockchain. SIMPL was launched in late Q2, 2024, and is focused on a fun ethos and fair inclusive tokenomics for its ecosystem participants. Inspired by the characters SpongeBob and Patrick from Nickelodeon’s SpongeBob SquarePants TV series, SIMPL has a fixed supply of 100 million tokens and has already built a solid presence on social media platforms like X (formerly Twitter) and Telegram. The token is heavily focused on the emerging meme coin community in the TON ecosystem and invites supporters to join community events and campaigns. Simple Ton Coin is tracked by major analytics instruments, listed on decentralized exchanges, and can be purchased on-chain with no need for a centralized wallet. The team has released a two-phase roadmap focusing on tech development, DEX listings, community management, influencer marketing, and CEX listing to grow the audience organically.
As a crypto investor, I’m excited about the emerging project, Simple Ton Coin (SIMPL), which sits at the nexus of two popular trends in this cycle – meme coins and the TON ecosystem. If you share my enthusiasm for crypto, I invite you to join me in participating in SIMPL’s sale.
What is SIMPL, novel meme coin on red-hot blockchain TON: Quick facts
As an analyst, I would rephrase that as follows: If Simple Ton Coin (SIMPL) maintains its commitment to relinquishing initial token contract ownership, crafts an engaging memetic story, and prioritizes community involvement, it could potentially garner significant attention within the TON community.
- Simple Ton Coin (SIMPL) is a meme cryptocurrency on TON blockchain, a trending EVM smart contract platform.The fully functional mainnet version of Simple Ton Coin (SIMPL) was introduced to the general public on June 16, 2024.From the onset of its operations, the creators verifiably renounced the ownership of initial smart contracts so that no one can somehow alter the basics of Simple Ton Coin’s (SIMPL) economics.Also, to eliminate the risk of rug pulls and other manipulations, the team destroyed the main liquidity pool.The token was named to immortalize Simple-Ton, a fictional magazine from SpongeBob SquarePants, an iconic 1999 animated TV series.
The early adoption of Simple Ton Coin (SIMPL) in the meme coin sector on the TON blockchain provides an advantage, as this area appears less congested compared to that of Solana (SOL), and even Base (BASE) or Polygon (MATIC).
What are meme coins?
Digital currencies born from internet memes, humor, or cultural trends are referred to as meme coins. Unlike traditional cryptocurrencies, these assets are primarily created for amusement rather than addressing significant economic or technological issues.
Dogecoin (DOGE), which emerged as a humorous spin-off of Litecoin (LTC) in 2013, is celebrated as the first-ever meme coin. Its origin stems from the popular “Doge” meme, featuring a Shiba Inu dog named Kabosu. Meme currencies are characterized by their vast supplies and minimal costs, making them an allure for investors seeking instant profits. The value of these coins heavily depends on community support, social media buzz, and endorsements from influential figures. The popularity of meme coins surged in 2020 due to “TikTok pumps,” where groups of novice investors orchestrated synchronized buying and selling activities.
Shiba Inu (SHIB) and its many imitators are emblematic of the meme coin craze that brought cryptocurrency into the limelight for millions of people between 2021 and 2024.
What is TON?
The Telegram Open Network (TON) blockchain is a decentralized system created by the same group responsible for Telegram, a widely-used messaging application. Notable figureheads in the inception of TON include Nikolai Durov, who previously held the position of CEO at Telegram.
As a TON analyst, I can attest that this blockchain stands out due to its state-of-the-art infrastructure which enables faster transaction processing compared to traditional Layer 1 (L1) and Layer 2 (L2) solutions. The most noteworthy aspect of TON is its seamless integration with Telegram, the globally recognized messaging platform, that significantly enhances the user experience and value proposition for TON’s decentralized applications (dApps).
As a researcher studying the blockchain industry, I’ve observed an impressive growth in the TON ecosystem since 2023. In the vibrant month of April 2024, U.S. Dollar Tether (USDT), the world’s leading stablecoin, made a significant stride by introducing its version on TON.
Why is TON crypto popular?
In the year 2024, TON stands out as the most rapidly expanding cryptocurrency ecosystem. This dynamic platform has garnered significant interest and welcomed over 300 decentralized applications into its community, all due to a compelling set of attributes.
- Seamless integration with Telegram: Integration with one of the world’s most used messaging apps is the perfect way to bring the Web2 audience to Web3 applications without extra incentives.Aggressive promotion: The TON community and contributors demonstrate unrivaled activity on social media, showcasing the advantages of their products for developers and end users.Foundation support: The TON Foundation, the non-profit behind the ecosystem development of the TON-based segment of dApps, is always ready to provide consulting, documentation and funding support to early adopters of TON.
Additionally, the TON blockchain stands out as a developer-friendly and economical option for building mainstream decentralized applications (dApps) across different categories.
Introducing Simple Ton Coin (SIMPL), the newest meme coin star on TON
Introduced toward the end of Q2, 2024, Simple Ton Coin (SIMPL) aims to bring together the most effective elements from the meme coin market. Its mission is to promote a lighthearted vibe and equitable economic structure, benefiting various sectors of its community.
Simple Ton Coin (SIMPL): Basics
SIMPL is a meme cryptocurrency based on The Open Network (TON), a widely-used L1 blockchain. SIMPL derives its inspiration from the popular characters SpongeBob and Patrick of Nickelodeon’s SpongeBob SquarePants television show.
The team of Simple Ton Coin (SIMPL) explains the idea behind the token’s main narrative as follows:
In the episode “You Don’t Know Sponge,” there’s a publication called Simple-Ton, which is featured. The title comes from the fact that it’s filled with uncomplicated tasks and activities. One of these tasks includes a quiz titled “How Well Do You Know Your Best Friend?” This quiz consists of inquiries such as “Is your friend right or left-handed?” and “What is your friend’s preferred color?” SpongeBob and Patrick engage with the quiz to assess their friendship depth. Despite Patrick failing to answer any question correctly, SpongeBob remains his best friend.
As a researcher studying the TON blockchain, I can explain that a token was generated through Jetton, a smart contracts platform designed specifically for digital assets on this network. Essentially, Jetton is used to issue tokens on TON, similar to how ERC-20 tokens are created on Ethereum (ETH) and other Ethereum Virtual Machine (EVM) blockchains.
The supply of this token is limited to 100 million units, which can’t be increased in the future. In other words, no new tokens will be created. Moreover, the initial contract’s ownership was taken away, and its primary liquidity shares were permanently eliminated. This action aimed to make the asset less common and more resistant to manipulation.
Simple Ton Coin (SIMPL): Launch date and design
As a crypto investor, I can tell you that on June 17, 2024, I witnessed the creation of the SIMPL smart contract with the address EQATbeOJQKUn3Cv8vnrA-5R8X9F-NNsQ05djaSzKmwXwQYkV. This event signified that the associated Jetton was transferred to the TON blockchain’s mainnet, making it transferable and publicly accessible for explorers.
According to the documentation on Simple Ton Coin’s (SIMP) website, I observe that the maximum supply of this coin is set at 100 million tokens. This restriction on supply creates scarcity, which plays a crucial role in preserving the value of the token in the long run.
Among this allotted amount, 2,000,000 SIMPL are set aside for the dedicated development team, consisting of Bob and Pat, to foster ongoing advancements and novel ideas. This portion sustains the evolution of the platform through regular updates and enhancements. The remaining tokens are distributed to a separate liquidity pool, safeguarding order stability on decentralized exchanges from drastic price swings and potential manipulations.
Simple Ton Coin (SIMPL): Community
As a crypto investor with an interest in the TON blockchain, I’d describe SIMPL as a coin that caters specifically to the thriving meme coin community surrounding this emerging platform. Its presence on X, formerly known as Twitter, and Telegram – the primary messaging hub for the TON ecosystem – has already established a strong foundation for it within this niche market.
Social Media Platform | X (formerly Twitter) | Telegram |
Number of followers | 6,700 | 3,100 |
Content | Memes, announcements | Project announcements, discussions |
Simple Ton Coin (SIMPL) advocates extend an invitation to their followers to engage in alluring community activities and initiatives. These events offer enjoyment and serve as platforms for Web3 devotees to showcase their creativity.
As a researcher studying the meme coin marketplace on the TON blockchain, I’ve come across a new token that bears a striking resemblance to REDO, the popular meme coin honoring Telegram’s Digital Resistance campaign from 2018. This newcomer could potentially pose a significant threat to REDO’s market dominance.
Simple Ton Coin (SIMPL): Infrastructure and ambitions
As a researcher studying the emerging cryptocurrency landscape, I’ve come across Simple Ton Coin (SIMPL), which may still be in its early stages but has already gained notable attention from major Web3 analytics instruments. Specifically, SIMPL is featured on renowned platforms like CoinMarketCap and actively monitored by DexTools and DEXScreener – two globally recognized on-chain analysis machines.
Additionally, you don’t have to buy SIMPL through a centralized intermediary and transfer funds. Instead, you can directly purchase it on the decentralized exchange DeDust.io, which runs on the TON blockchain. SIMPL is now available in a trading pair with corresponding liquidity pool coins on this Automated Market Making (AMM) platform.
Simple Ton Coin (SIMPL) unveiled a two-part plan to share their objectives with the public. In the initial stage, SIMPL team members will concentrate on advancing technology, securing listings on decentralized exchanges (DEXs), and managing community relations. The subsequent phase emphasizes influencer marketing campaigns, obtaining centralized exchange listings (CEXs), and expanding the fanbase through organic growth.
Wrapping up: What is special about Simple Ton Coin (SIMPL)?
The newest meme coin on the TON blockchain is called Simple Ton Coin (SIMPL). It’s among the first assets of this kind on TON. At its launch, SIMPL had a fixed supply of 100 million tokens. The contract ownership for this coin was taken away, and most of its tokens were burned, making up the large portion of its supply.
The early entry of Simple Ton Coin (SIMPL) into the market grants it a significant advantage, as it has effectively built a strong online following.
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2024-06-21 16:59