What is Jetton? How was Jetton created?

In the blockchain world, tokens are like the “ID cards” of digital assets, representing value, enabling transactions, and even participating in governance. Jetton is a token standard on the TON chain, similar to Ethereum’s ERC-20 or Solana’s SPL. It provides developers and users with a flexible, efficient tool to create and manage digital assets on the TON ecosystem. Below, we explain what Jetton is and why it matters.

1. What is Jetton?

Jetton is a token standard on the TON blockchain, specifically designed for fungible tokens. Simply put, it’s a smart contract template that allows developers to create their own tokens, while users can use these tokens for transactions, payments, or voting.

Example:

• If you create a Jetton token named “NOT” on the TON chain, it can function like USDT for transfers or like a DeFi project’s token for staking and trading. Jetton aims to make it easy for developers and users to create and use tokens on TON, just like issuing physical currency in the real world.

2. Key Features of Jetton

1. High Efficiency and Low Cost
   TON is known for its high speed and low fees, processing millions of transactions per second (TPS). Jetton tokens inherit this efficiency, enabling fast, cheap transactions without high fees or long wait times.

2. Flexibility and Scalability
   Jetton is highly customizable. Developers can adjust total supply, distribution rules, and permissions. For example, a game project might issue a Jetton token for in-game trades, while a DeFi project could use Jetton to build liquidity pools.

3. Deep Integration with Telegram
   TON is closely tied to Telegram. Users can access TON services directly via Telegram, such as managing Jetton tokens through MyTon or buying TON/USDT with bank cards. This seamless integration is a major advantage.

4. Security
   Jetton relies on TON’s TVM (Turing Virtual Machine) smart contracts, which are rigorously audited. Additionally, TON’s Proof-of-Stake (PoS) consensus ensures network security.

3. Use Cases of Jetton

1. Payments and Transfers
   Jetton tokens can be used like fiat for daily payments. For example, over $700 million worth of USDT has been issued on TON, enabling fast transfers and exchanges.

2. DeFi (Decentralized Finance)
   In TON’s DeFi ecosystem, Jetton tokens often reward liquidity providers. Users can stake Jetton tokens to earn yields or trade on decentralized exchanges (DEXs).

3. Games and Social Platforms
   TON’s popular game Notcoin (NOT) uses Jetton tokens. Players can earn NOT tokens through gameplay and use them to buy virtual items or participate in governance.

4. NFTs and Digital Assets
   While Jetton focuses on fungible tokens, it lays the foundation for NFTs. Future projects may expand Jetton’s use cases into innovative NFT applications.

4. How to Create a Jetton Token?

Creating a Jetton token on TON is straightforward, especially with automated tools. Here’s a simplified guide:

1. Choose a Platform
   Use platforms like PandaTool to create your Jetton token quickly. These platforms offer user-friendly interfaces, requiring no coding skills.

2. Connect a Wallet
   Link a TON-compatible wallet (e.g., Tonkeeper or MyTon) and ensure sufficient TON tokens for transaction fees.

3. Set Parameters
   Input the token name, symbol, total supply, and other details. Click “Create Token” to deploy the smart contract on the TON chain.

4. Distribute and Trade
   After creation, users can trade the token on DEXs (e.g., STON.fi, DeDust) or transfer it directly.

5. The Future of Jetton: The “Bloodstream” of the TON Ecosystem

Jetton is a cornerstone of the TON ecosystem. Currently, over 200 Jetton tokens exist on TON, spanning payments, DeFi, and gaming. As TON grows (e.g., 1,600+ DApps, $600M+ TVL), Jetton’s use cases will expand further.

The TON Foundation actively promotes Jetton standardization. For example, they fund DEX projects like DeDust and Megaton Finance and plan to attract developers via airdrops and incentives.

6. Summary

Jetton is the “ID card” of TON’s tokens, simplifying digital asset creation and management. Whether you’re a user or developer, Jetton opens doors to innovation in the TON ecosystem. With TON’s performance advantages (high TPS, low fees) and Telegram’s massive user base, Jetton’s future is promising. For anyone exploring blockchain, Jetton is a must-know “digital asset tool.”

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