Simple Ton Coin (SIMPL): What is special about the new meme coin on TON blockchain?

Simple Ton Coin (SIMPL), an emerging project at the intersection between the two hottest narratives of this crypto сycle - meme coins and the TON ecosystem

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

What is SIMPL, a novel meme coin on red-hot blockchain TON: Quick facts

With a fully renounced initial token contract ownership, a fancy memetic narrative and a community-centric approach, Simple Ton Coin (SIMPL) might soon be in the spotlight for the TON audience.

Simple Ton Coin (SIMPL) leverages the first-mover advantage as the segment of meme coins on TON looks less saturated than that of Solana (SOL), and even Base (BASE) or Polygon (MATIC).

What are meme coins?

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

Dogecoin (DOGE), a Litecoin (LTC) spin-off from 2013, 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 supplies and low prices, attracting investors looking for quick profits. They rely heavily on community enthusiasm, social media hype and celebrity endorsements to drive their value. Meme coins gained popularity in 2020 thanks to “TikTok pumps,” coordinated buying and selling campaigns by amateur investors.

Shiba Inu (SHIB) and its numerous copycats should be considered symbols of the meme coin mania that introduced crypto 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 figurehead of the early TON blockchain.

Thanks to its technically advanced infrastructure, TON works faster than traditional L1s and L2s. Its deep integration with Telegram, the world’s most popular messenger, is the killing feature of TON and its dApps.

Starting from 2023, the TON ecosystem has been growing exponentially. In April 2024, the world’s largest stablecoin, U.S. Dollar Tether (USDT) unveiled its version on TON.

Why is TON crypto popular?

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

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

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

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

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 on Nickelodeon’s SpongeBob Square Pants TV series.

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

"Simple-Ton is a magazine that appears in the episode "You Don't Know Sponge." It has a ton of simple things to do, hence the title. It contains a "How well do you know your best friend?" quiz. The quiz also has questions like "Is your friend left 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 gets none of the answers right, SpongeBob is still Patrick's best friend."

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

The token’s supply is capped at 100 million and cannot be altered in the future. SIMPL initial contract’s ownership was revoked, and its major liquidity shares were destroyed forever to make the asset scarcer and more manipulation-resistant.

Simple Ton Coin (SIMPL): Launch date and design

Technically, the SIMPL smart contract (EQATbeOJQKUn3Cv8vnrA-5R8X9F-NNsQ05djaSzKmwXwQYkV) was created on June 17, 2024. It means that the corresponding Jetton

News source：https://www.kdj.com/cryptocurrencies-news/articles/simple-ton-coin-simpl-special-meme-coin-ton-blockchain.html

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