TonUP UP

According to its documentation, TonUP is a launchpad on The Open Network that sets out to find and support promising projects and bring their assets to the TON community. The docs also say the project received a grant from the TON Foundation, without giving the amount or the date. The same documentation describes TonUP as a portfolio project incubated by Microcosm Labs. The team says its smart contracts are open source under the AGPL-3.0 licence in the microcosm-labs/tonup-contracts repository on GitHub, and that TonUP submitted TEP-137, a TON Enhancement Proposal, to the TON standards repository.

The project's roadmap lists the mainnet launch and its first IDOs (initial DEX offerings) as completed in Q3 2023, the whitelist feature and the Token Generation Event (TGE) for UP in Q4 2023, and the start of a grants programme in Q1 2024. Other items on the same roadmap are stated plans rather than delivered features: a USD+ launch for Q1 2024, a liquidity bootstrapping pool (LBP) launch and a mining programme for Q2 2024, DAO governance for Q3 2024 and a product called TonUP Earning for Q4 2024.

According to TonUP's tokenomics, the UP supply is capped at 100,000,000 tokens. The documented allocation is: DAO 30%, Incentive 15%, Marketing 10.5%, Strategic 10%, Private 10%, Team 10%, Liquidity 5%, Ecosystem 4%, Advisor 3%, IEO 1.5% and IDO 1%. The docs set out the vesting: whitelist IDO tokens were fully unlocked at the TGE, while public-round IDO tokens unlocked 50% at the TGE and 50% in the second month. Strategic and private rounds have a 3-month cliff followed by 15 months of linear release; team and advisor tokens have a 12-month cliff and then 12 months of linear release. DAO tokens stay locked until the DAO decides how to use them.

The project describes UP as the governance and utility token of TonUP DAO. Its documentation says the token's uses may include staking rewards, a membership pass, voting on launches and governance matters, and influence over the DAO treasury, and that the actual abilities depend on the development process. On 24 March 2024 Bitget News reported TonUP's first UP buyback and burn: 2500 TON were used to buy back 13746 UP, and all of the repurchased tokens were destroyed.

STON.fi's token page lists TonUP (UP) under this contract address and says UP can be swapped on the STON.fi decentralised exchange. The docs list TonUP's official channels: the Telegram channel TonUP_io, the community group TonUP_Chat, the Russian-language channel tonup_ru, the Traditional Chinese channel tonup_cn and the project's X account.