Latest news with #PavelAltukhov
Crypto Insight
16-07-2025
- Business
- Crypto Insight
Ethereum DeFi connects to TON and Telegram with Tac mainnet launch
Telegram is opening up to decentralized finance (DeFi) on Ethereum with the mainnet launch of Tac, a third-party blockchain bridging apps on the Ethereum Virtual Machine (EVM) to The Open Network (TON). Tac mainnet has launched with a mission to bring EVM decentralized apps (DApps) to TON and Telegram ecosystems, the team behind the network announced on Tuesday. The network allows Telegram users to interact with EVM DApps directly within the messenger, offering access to a range of DeFi protocols such as Curve, Morpho, Euler and more, Tac co-founder Pavel Altukhov told Cointelegraph. For developers, Tac provides EVM a frictionless way to deploy on TON without rewriting code from scratch, unlocking exposure to Telegram's billion-strong user base. What is Tac and why does Telegram need it? First publicly announced in July 2024, Tac is designed to act as a full EVM-compatible layer-1 blockchain connecting Ethereum DApps to the TON and Telegram ecosystems. According to Tac co-founder Marco Monaco, Tac is a project built on TON that features its own jetton TON token and works with other projects within the TON ecosystem to 'accrue value to TON.' Unlike TON's native cryptocurrency, Toncoin, jettons on TON are custom crypto assets issued on the TON blockchain and built using smart contracts similar to how ERC-20 tokens operate on Ethereum. Since Telegram ceased support for all blockchains other than TON for its Mini App ecosystem in early 2025, developers were forced to adapt EVM apps for TON Virtual Machine (TVM) to access Telegram. 'But now, Tac allows EVM developers to integrate their applications with Telegram and TON effortlessly,' Tac wrote in a post in March 2025. Tac team works separately from TON and Telegram Since its public announcement last year, Tac network raised a total of $11.5 million across its seed and strategic rounds in late 2024 and early 2025. Its latest $5 million strategic round was led by the Web3 venture capital firm Hack VC, which also participated in the $6.5 million seed round last November. Although Tac is designed to connect EVM dApps to TON and Telegram ecosystems, the network is being developed by a separate team from both TON and Telegram, a spokesperson for Tac told Cointelegraph. As previously mentioned, Telegram's TON-only strategy for Mini Apps received mixed reactions from the community, with many raising questions about the messenger's pursuit of freedom and decentralization. On the other hand, TON Foundation board member Steve Yun said it was the right move in the context of security and scalability. Source:
Business Insider
15-07-2025
- Business
- Business Insider
$TAC Token Debuts in TVL as TAC Mainnet Goes Live with Leading DeFi Protocols
Tortola, British Virgin Islands, July 15th, 2025, Chainwire $TAC token is now listed on leading exchanges including Bybit, Bitget, and Kraken. The token is also now live on trading platforms such as Wallet in Telegram and Binance Alpha. TAC's public mainnet is now live. Leading DeFi protocols, including Morpho, Curve, Bancor, Euler, ZeroLend, IPOR Fusion, and are now deployed on the public mainnet. The TAC Summoning Liquidity Campaign reached $800M in TVL. This liquidity will power the DeFi dApps on TAC. TAC, a purpose-built blockchain enabling EVM dApps to access TON and Telegram's growing blockchain-based economy, has launched its public mainnet and unveiled its native token, $TAC. $TAC token is now listed on leading exchanges including Bybit, Bitget, and Kraken. The token is also now live on trading platforms such as Wallet in Telegram and Binance Alpha. The token release delivers an on-chain currency that fuels TAC gas fees, staking, and governance across TAC's Ethereum-compatible Layer-1. Alongside the token launch, TAC's public mainnet is now live. Leading DeFi protocols, including Morpho, Curve, Bancor, Euler, ZeroLend, IPOR Fusion, and are now deployed on the public mainnet. The TAC Summoning campaign, a liquidity bootstrapping campaign launched in collaboration with Turtle Club, a liquidity distribution protocol, accumulated over $800 million in TVL. The liquidity that this has bootstrapped will ensure robust markets from day one, solving the cold-start problem that typically affects new DeFi ecosystems. $TAC Token Utility and Role in the Network $TAC serves three indispensable roles. First, it is the exclusive gas token on TAC EVM, including back-end logic that converts TON-denominated fees into $TAC, creating continuous buy-pressure as network activity scales. Secondly, it enhances network security through a delegated proof-of-stake (DPoS) mechanism, where validators are required to bond $TAC to participate in block production. Token holders may also delegate their $TAC to validators, with current protocol estimates indicating potential annualized returns in the range of 8–10%. Third, $TAC unlocks on-chain governance, allowing stakers to direct upgrades, incentive programs, and the community treasury. TAC token is launching in a live and vibrant ecosystem with $800mn TVL, with a variety of high-quality assets, blue-chip dApps, and DeFi use cases. 'TAC enhances the TON ecosystem with a ready-to-use DeFi layer, battle-tested and live from day one,' said Pavel Altukhov, co-founder of TAC. 'This marks a major step not just for TON, but for Telegram's evolution into a true super app, as builders can now integrate the most mature blockchain use case into products directly reaching a billion users.' With the public listing, TAC will distribute validator grants, activate liquidity incentives on partner DEXs, and open proposals for its first community-led growth programs. Built to Scale with Major Infrastructure Partnerships TAC is a layer 1 blockchain built using a CosmosEVM architecture, ensuring seamless compatibility with Ethereum's Cancun hard fork. It is secured through a Tendermint-based Delegated Proof-of-stake (DPoS) consensus mechanism and the native $TAC token, enabling about 2-second block finality and allowing users to delegate their tokens to trusted validators. Security is further strengthened by TAC's integration with Babylon, which introduces Bitcoin staking to enhance consensus validation. TAC has also established partnerships with leading infrastructure providers, including LayerZero, RedStone, Blockscout, Dune, and Thirdweb, laying the groundwork for a powerful, scalable, and developer-friendly ecosystem. TAC's mainnet launch comes after the company announced that it had raised a total of $11.5 million across its seed and strategic funding rounds, led by Hack VC, on June 18. TAC is a purpose-built blockchain for EVM dApps to access TON and Telegram Ecosystem's 1B+ user base. TAC makes it seamless for Ethereum dApps to be deployed on TON. EVM functionality and liquidity brought to the TON ecosystem enable builders to focus on consumer use cases. Contact PR
Business Insider
18-06-2025
- Business
- Business Insider
TAC Raises $11.5M to Bring DeFi to Telegram's Billion-User Ecosystem
New York, USA, June 18th, 2025, Chainwire TAC, a purpose-built blockchain for EVM dApps to access TON and Telegram ecosystem, has raised a total of $11.5 million across its seed and strategic rounds. The newly closed $5 million strategic round, led by Hack VC, reinforces institutional belief in TAC's mission to enhance blockchain functionality inside Telegram, the most user-rich environment in crypto. 'At Hack VC, we invest in teams building the future of the internet,' said Ed Roman, Managing Partner at Hack VC. 'TAC is an exceptional team with a deep understanding of infrastructure and growth backed by years of experience building in the space. Leading this strategic round reflects our conviction in TAC's ability to shape how Ethereum dApps reach global users through Telegram and TON.' TAC is nearing its mainnet launch, now underway in a phased rollout. In the current DevMainnet phase, blue-chip DeFi protocols like Curve, Morpho, and Euler are already deploying, with over 20 leading applications preparing for Mainnet integration. This early traction ensures that once TAC goes live publicly, the ecosystem will launch with deep liquidity, proven DeFi primitives, and immediate user utility inside Telegram. 'TAC is committed to giving EVM developers the tools and reach to deploy their applications into Telegram's billion-user ecosystem,' said Pavel Altukhov, Co-Founder and CEO of TAC. 'This strategic round accelerates our mission to bring Ethereum applications to everyday users and lays the groundwork for the next wave of TON-native consumer apps.' TAC's pre-mainnet liquidity bootstrapping campaign, The Summoning, has drawn significant interest from leading funds, liquidity providers, and infrastructure players across the industry. With over $700M in total value locked (TVL) secured ahead of public Mainnet launch, this institutional-grade backing reflects deep confidence in TAC's role as a DeFi layer for TON. Crucially, this liquidity will power core DeFi applications from day one, enabling real yield and market functionality at launch "Going live on Telegram and TON via TAC can allow Curve to reach the new audience who aren't yet on DeFi,' said Michael Egorov, Founder of Curve. 'TAC chose a great approach of bringing battle-tested EVM applications there. We are happy to be one of the first to deploy and bring Curve to these new users" Curve, Morpho, and Euler have already built dedicated Telegram Mini Apps (TMAs), making their products natively accessible in Telegram. In parallel, popular consumer TMAs are beginning to integrate DeFi functionality on the backend, distributing yield and financial tools to non-crypto users. TAC sees this convergence within the superapp Telegram as the path to mass adoption. About TAC TAC is a purpose-built blockchain for EVM dApps to access TON and Telegram Ecosystem's 1B+ user base. TAC makes it seamless for Ethereum dApps to be deployed on TON. EVM functionality and liquidity brought to the TON ecosystem enable builders to focus on consumer use cases. Contact PR CC Chen TAC
