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Guide to Recognizing and Working with Jetton Tokens in the TON Ecosystem
Introduction to The Open Network and Its Tokens
The Open Network (TON) is a high-performance blockchain platform originally created by Telegram for large-scale decentralized applications. The TON ecosystem aims to create an open space for multi-layered services: from financial solutions to distributed storage and domain management.
Jetton tokens represent an innovative standard for issuing user-created cryptocurrencies on the TON network. Functionally, they are similar to Ethereum’s ERC-20 tokens but optimized for the TON architecture. This allows developers to create their own economic systems and decentralized applications, expanding the network’s capabilities and appeal.
What Are Jetton Tokens: Basic Definition and Differences from Other Standards
Jetton tokens are interchangeable digital assets developed on the TON blockchain using smart contracts. The key feature: each token of the same type has identical value and properties, making them easy to exchange without losing functionality.
Jetton and its identification differ from ERC-20 by approach:
Jetton tokens: Each token is managed by a separate smart contract at the wallet level. The system is designed considering TON’s specifics — sharding and asynchronous message passing, ensuring scalability and performance.
ERC-20 tokens: Built on a single centralized smart contract on Ethereum, where all user balances are stored in one place. This approach is simpler to implement but less flexible.
Architecture and Operation Principles of Jetton Tokens
Jetton tokens operate on a two-tier smart contract system:
1. Jetton Master Contract — Management Center
The main contract handles general token parameters: maximum issuance volume, metadata, admin rights. It ensures all Jetton tokens conform to the same standards and parameters.
2. Jetton Wallet Contracts — Individual Management
Each user has their own wallet smart contract, which stores their balance and processes transactions. This architecture enhances security and allows parallel processing of operations.
3. Token Transfer: Specific Mechanism
When sending a Jetton token, the sender’s wallet transmits a message to the recipient’s wallet. The process includes notification of receipt and processing of TON residuals for fees. This ensures atomicity and transparency of each operation.
4. Data Storage and Visibility
Wallet data is stored in a structured hierarchy of smart contracts. Each Jetton wallet is assigned a unique address. Balances and history can be viewed through blockchain explorers (for example, tonscan.org).
Practical Examples of Jetton Tokens in the TON Ecosystem
JetTon Games (JETTON)
A gaming ecosystem integrating the JETTON token for in-game operations: bets, rewards, tournament participation. The token is also linked with NFTs and a referral program, creating a multi-level economy focused on activity and community.
Gram (GRAM)
One of the first known Jetton tokens, used for payments and transfers within the TON ecosystem. Advantages include high confirmation speed and minimal fees, making it convenient for daily use.
The Resistance Cat ($RECA)
A token created around an active community to support decentralized initiatives on TON. Known for original marketing approaches and use in various projects managed by its holders.
ARBUZ
A meme token and liquidity tool in DeFi projects on TON. Serves as a means for transactions in decentralized financial applications and is known for reliability.
How to Create Your Own Jetton Token Independently
Creating a Jetton token is relatively straightforward for those willing to spend a small amount of cryptocurrency on fees.
Preparation: Wallet and Funds
Set up a secure wallet for TON (MyTonWallet, Tonkeeper, or others). Your account should have at least 10 TON to pay for deployment fees.
Using the TON Minter Platform
Required Smart Contract Components
The process is simpler than creating an ERC-20 on Ethereum due to lower fees and faster confirmation times.
Real-World Use Cases of Jetton Tokens
Stablecoins and Pegged Currencies
Jettons are used to issue digital currencies pegged to stable assets (for example, USDT on TON). Such tokens minimize volatility, are ideal for trading and storing value, and reduce transfer fees between users.
Decentralized Exchanges (DEX)
Platforms like STON.fi enable direct peer-to-peer exchange of Jetton tokens without intermediaries. This reduces fraud risks and enhances transaction privacy.
Financial Ecosystems and Crowdfunding
Projects create their own Jetton tokens to attract investments and incentivize community participation. Similar to the ICO boom of the past but with improved economics thanks to TON’s capabilities.
Security When Working with Jetton: Recognizing Threats and Protection
Common Fraud Schemes
Fake Airdrops: Cybercriminals promise free tokens in exchange for private keys or wallet data. Never share such information.
Cloned Tokens: Scammers create tokens with names and logos identical to popular ones but with different contracts. Verify contract addresses through official channels.
Phishing Links: Emails or messages supposedly from known platforms asking to click a link. Check sender addresses and avoid suspicious URLs.
Protection Measures
How to Obtain and Analyze Information About Jetton Tokens
Data Query Methods
To get detailed information about any Jetton, use the get_jetton_data() method. The function returns: total token volume, ability to mint new units, and contract metadata.
Toncenter API — Developer Tool
Available User Tools
Future Development of the Jetton Standard
TON developers plan to expand Jetton capabilities:
These innovations will attract more developers to the ecosystem and improve user experience.
Key Takeaways
Jetton tokens on TON represent a powerful tool for creating digital assets with a reliable architecture. From stablecoins to decentralized finance, their applications are virtually limitless. Understanding their principles, authenticity verification, and security enables effective and safe participation in the ecosystem. As TON develops, the Jetton standard will play an increasingly important role in blockchain economics.