TON Teleport BTC Testnet: Bridging Bitcoin to the TON Blockchain
$TON is broadening its scope with TON Teleport BTC, offering $10B in opportunities for degens by enabling trustless BTC transfers to the #TON Blockchain with tgBTC!
Here's how to get ahead of the crowd👇
After successfully adding native USDt, TON is expanding its reach with #TON Teleport BTC.
This feature makes it easy and secure to transfer BTC to the $TON Blockchain using a synthetic token called tgBTC.
TON Teleport BTC's test-net is scheduled to conclude in 2025. Following this, the project will transition to the main-net phase.
TON Teleport BTC represents a $10 billion opportunity for TON Degens, establishing $TON as the gateway between all cryptocurrencies and real-world utility. This bridge enables BTC holders to leverage their assets within #TON's DeFi ecosystem, unlocking new possibilities such as trading, yield farming, and liquidity provision.
How it works:
$BTC holders move their Bitcoin into the #TON Network, where it’s converted to tgBTC—a token that fully represents BTC within the TON ecosystem.
Once transferred, tgBTC can be used in yield farming, lending, and other DeFi activities, bringing active utility to otherwise dormant BTC assets.
When users decide to convert back to Bitcoin, they simply "peg-out," converting their tgBTC back to BTC with ease and confidence.
How to interact on the testnet:
(1) Set up your $Ton Keeper wallet for testnet
Visit this link for steps on how to set up for tetsnet:
tgbtc.gitbook.io/docs/getting-started/testnet-in-ton
(2) Get some testnet $TON: t.me/testgiver_ton_bot
Go to the teleport page: sandbox.teleport.tg/auth
Connect your wallet and mint your first tgBTC on testnet
Join the chat and share your experience with the community and the devs: t.me/tgbtc_chat
future updates in the $TON ecosystem will offer Bitcoin holders opportunities for trading, earning interest, and providing liquidity. as more funds enter, TON's DeFi ecosystem is poised for significant growth.
Check out the previous thread on some latest #TON Updates
x.com/1cryptomama/status/1855939149196615849?s=46&t=k9VjOiFhZwrtwX5Yu30h7Q
To Stay updated on $TON events through these links:
Join Telegram: TON Telegram t.me/toncoin
Follow X: @ton_blockchain
Check the Blog: TON Blog blog.ton.org