Core Mechanism

The core mechanism of the TonGPU network is to incorporate more computing power hardware into our network as nodes. The prerequisite for becoming a node is staking $TGPU into our network to receive block rewards. This staking requirement ensures that only serious participants with a vested interest in the network’s stability and success become nodes. By staking $TGPU, node operators are incentivized to maintain their hardware and ensure it performs optimally, contributing to the overall health and efficiency of the network.

Node Rental in TonGPU Network

Only machines that have joined as nodes are eligible for rental. Consumers can see these machines in the rental list. This ensures that all rentable machines meet a certain standard of performance and reliability. By creating a marketplace where only verified nodes can be rented, we maintain a high level of trust and quality for users who need computing power for various tasks, ensuring they get the best value for their investment.

Node Grading

To evaluate the quality of the machines joining as nodes, we will consider the following factors: the absolute computing power of the CPU and GPU, memory size, upload and download bandwidth (randomly monitored), and hard disk space. This grading system helps prioritize high-performance nodes for tasks requiring significant computational resources. By continuously monitoring and evaluating these factors, we ensure that our network remains robust and capable of handling diverse and demanding workloads.

Staking Platform

Initially, we will establish the staking platform on the ETH mainnet. Once the TonGPU cross-chain bridge completes testing and goes live, we will migrate all stakes to TonGPU Layer1. This process will be seamless and smooth, with no disruption to users. The cross-chain bridge will enable greater interoperability and flexibility, allowing users to move their assets and stakes between different blockchains easily, thereby enhancing the utility and reach of the TonGPU network.

TonGPU Layer1 Infrastructure

Our development will initially focus on the cross-chain bridge and swap functions. Users will be able to directly rent and mount machines in our TonGPU network. The cross-chain bridge will facilitate the movement of assets between different blockchains, while the swap function will enable users to exchange different cryptocurrencies within the TonGPU ecosystem. These foundational elements will lay the groundwork for a vibrant and functional blockchain network, supporting a wide range of applications and services.

$TGPU Burn Mechanism

According to our roadmap, we conducted the first burn on Saturday, destroying the unsold tokens from the presale. The transaction can be found https://etherscan.io/tx/0x40df5730fae3465bbaf81716478858f29165438336cb3dd9d0b125f036771308

This burn mechanism helps control the supply of $TGPU, increasing its scarcity and potentially its value. Going forward, we will continue with the original plan, gradually burning $TGPU used for paying machine fees in the Ecosystem. This continuous burning process ensures that the token supply remains in check, providing long-term value to $TGPU holders and contributing to the overall economic stability of the network.

1. Set up wallet

2. Fund wallet

We support USDT/USDC/ETH for this sale. Please make sure you have the corresponding tokens ready.

3. Connect and explore, visit $TGPU LBP

https://app.fjordfoundry.com/pools/0xA8b779442fFf74957bEE1B57757f6c772e254284

4. Buy into the LBP

When our LBP starts, you will be able to exchange USDT/ETH/USDC/xxx for $TGPU.

What is a Liquidity Bootstrapping Pool (LBP)?

A Liquidity Bootstrapping Pool (LBP) is a revolutionary approach in the digital asset space, designed to facilitate fair and transparent token launches. It operates on a high-to-low pricing mechanism, akin to a Dutch Auction, where prices start high and decrease over time. This mechanism is a strategic choice by project and LBP creators to mitigate the influence of sniper bots and large investor (whale) manipulation. Participants have the opportunity to engage in community-driven price discovery, buying tokens at a price point they find equitable. LBPs represent a significant advancement in creating a balanced and inclusive environment for token distribution.
You can watch this video to learn more details about LBP:

Why $TGPU use LBP?

1. Dynamic Pricing and Weight Shifting: LBPs feature a dynamic pricing mechanism, similar to Dutch Auctions, where prices start high and gradually decrease. This price shift is influenced by changing token weights within the pool, ensuring a fair and transparent price discovery process.

2. Reduced Impact of Sniper Bots and Bad Actors: The high-to-low pricing strategy and dynamic weight adjustments in LBPs effectively reduce the influence of sniper bots and malicious actors. This encourages genuine interest and participation, ensuring a more equitable distribution of tokens.

3. Fair and Equitable Distribution: LBPs ensure a balanced token distribution through a structured and transparent pricing mechanism. This approach allows a wider range of participants to engage, promoting inclusivity and fairness by not solely focusing on speed or investment size.

4. Community Engagement and Trust Building: By offering a transparent and fair token distribution process, LBPs enhance community engagement and trust. This helps project creators build a strong, supportive community, while participants gain confidence in the project’s fairness and long-term value.

5. Enhanced Liquidity and Reduced Initial Capital Requirement: LBPs enable project creators to bootstrap liquidity with less initial capital by starting with a high token-to-collateral ratio. This benefits creators and improves market liquidity, providing a more efficient and user-friendly experience for traders.

6. Democratising Access to Early Opportunities: LBPs democratise access to early-stage opportunities, allowing anyone with a novel idea to quickly launch tokens and generate liquidity. This accessibility empowers a wide range of creators and opens up various promising opportunities for participants.

FAQs — LBP Participants

How Do LBPs Work for Participants?

LBPs function like Dutch auctions with interactive dynamics. The starting price is high and gradually declines, allowing you to buy in at any point. Increased buying activity can temporarily raise the price, creating a dynamic and equitable token acquisition process.

What’s the Benefit of Participating in an LBP Over a Batch Auction?

LBPs offer a more equitable landscape compared to batch auctions. The dynamic pricing in LBPs starts high and decreases, allowing you to enter the market at a comfortable price, ensuring fair token distribution.

What Do Weights Mean When Participating in LBPs?

Weights describe the ratio between the project token and another asset in the pool, often a stablecoin like USDC. These weights change over time, influencing the token price to decrease, giving you opportunities to buy at different price levels.

When Is the Best Time to Buy in an LBP?

The best time depends on your assessment of a fair token price. Understanding weight shifts helps you decide when to participate and at what price point.

What Sets Fjord Foundry LBPs Apart in Ensuring Fair Pricing for Participants?

Fjord Foundry LBPs start with a high price to discourage bots, giving everyday participants a better chance to acquire tokens. The price gradually lowers, allowing fair entry for all.

Can I Provide Liquidity on Fjord LBPs?

No, only LBP owners can remove and add liquidity.

What’s the Difference Between Curated and Unvetted Projects on Fjord for Participants?

Curated projects have undergone some review and are more visible on the platform. Unvetted projects have not been reviewed and come with additional risk warnings.

Why Can’t I See the Tokens in My Wallet After Purchasing Them on Fjord?

Tokens may not automatically appear in your wallet. You might need to manually add the token using its contract address. Ensure you have completed the purchase transaction.

How Soon Will I Receive the Tokens I Purchase?

Tokens will be available in your wallet once the LBP concludes. You may need to manually add them to your wallet to see them.

Can I Both Buy and Sell Tokens During an LBP on Fjord Foundry?

Yes, you can both buy and sell tokens during an LBP.

Are There Any Fees Associated with Participating in an LBP?

Yes, there is a 2% swap fee on transactions to discourage speculative trading.

What Are the Risks Associated with Participating in an LBP?

There are risks, as projects have full control over the liquidity generated. Conduct in-depth research before participating.

Is There a Minimum or Maximum Amount I Can Buy?

There are no specific wallet limits for LBPs. Participation continues until tokens sell out or the LBP period ends.

How Is the Starting Price of the Token Determined?

The starting price is set by project creators based on various factors and typically starts high to discourage initial heavy buying.

Can I Use Any Token to Participate?

No, you can only use the specified collateral token, such as USDC, WETH, or USDT.

What Is the Duration of Most LBPs on Fjord Foundry?

Most LBPs last between 3–5 days, but this is decided by the project creators.

What Is Slippage and How Does It Affect My Purchase?

Slippage is the difference between the expected and actual price paid due to dynamic price adjustments. You can set a slippage tolerance to manage this.

Introduction to TonGPU and the DePIN Revolution

In the ever-evolving world of blockchain, the latest buzzword is DePIN — Decentralized Physical Infrastructure Networks. DePINs are real-world applications that leverage tokens to incentivize the setup of hardware for providing and rendering services. Think car-sharing, peer-to-peer solar power trading, 5G or WiFi connectivity, street mapping, electric vehicle charging, and more. This exciting new trend marries Web3 with tangible real-world applications, offering immense potential.

At TonGPU, we are at the forefront of this revolution. Our L1 blockchain is specifically designed to support AI and DePIN applications. We aim to harness the power of idle computing resources from the crypto community to create a decentralized network of GPUs and CPUs. This network will provide cost-effective computing power to individuals and small startups who need it the most.

Why TonGPU Needs Its Own L1 Blockchain

Unlike many projects that add a blockchain layer to increase valuation without real utility, TonGPU’s L1 network is purpose-built for AI and DePIN. By controlling the block generation mechanism, we can effectively manage the reward and punishment system for network nodes. This ensures that nodes with high computing power and stable network performance are rewarded, while those that frequently go offline are penalized. This unique approach creates a fair and efficient system that benefits both providers and renters of computing power.

The Challenge and Opportunity of DePINs

DePINs are not regular dApps. They involve hardware components that require careful consideration and integration. For example, if we create a DePIN that rewards users for measuring local temperature with smart thermometers, we need to support a wide variety of devices and ensure a seamless user experience. Alternatively, we could manufacture our own hardware, which introduces challenges in manufacturing, storage, and distribution.

The token economics must account for these investments, ensuring that users receive a fair return on their hardware investments. This approach turns machines into economic agents, generating value and rewards.

TonGPU’s Approach to Real-World Demand

Unlike many crypto tokens that thrive on hype and speculation, DePINs require real-world demand for their services. This means engaging with enterprises and individuals who need the services provided by DePINs. TonGPU’s network aims to attract AI startups, researchers, and everyday users by offering competitive pricing and reliable performance.

The Future of TonGPU

Our vision is to create a decentralized network that maximizes the use of idle computing resources. By providing a platform for these resources to be monetized, we offer a win-win solution for both providers and users. Our development team is currently focused on launching our L1 blockchain, with the RPC expected to be announced in the next few days.

Marketing and Community Engagement

To ensure the success of TonGPU, we are actively engaging with KOLs in the crypto, AI, and DePIN fields. These influencers will review our project and share their insights with their followers, helping to spread awareness and attract new users. We are also building partnerships with other projects and organizations to enhance our network’s capabilities.

Next

TonGPU represents a significant advancement in the integration of blockchain technology with AI and DePIN. By leveraging idle computing resources and offering a decentralized, efficient, and fair platform, we are paving the way for the next generation of real-world blockchain applications. Stay tuned to our official channels for more updates as we continue to build and grow our network.

We are thrilled to collaborate with LBP for token sales, community support, and marketing partnerships. Additionally, NIK will serve as our curator to support our sale.

TonGPU x Fjord LBP

1. What is Fjordfoundry?

Fjordfoundry is a leading platform in the IDO (Initial DEX Offering) space. According to data from Cryptorank, Fjord ranks at the top among all IDO platforms in terms of fundraising amounts. Fjord has achieved impressive results with an ATH (All-Time High) of 25x and an average ROI (Return on Investment) of 1.55x. It has raised a total of $770 million, making it a top choice for project financing. This is why we chose Fjord; it is very beneficial for both us and our investors. For detailed procedures, please refer to Fjord’s official documentation.

2. Introducing Our Curator, Nik

Nik is the Head of Fuel, which raised $81.5 million. He is also the co-founder of Elixir, which raised a total of $17.6 million. Additionally, he has co-founded several other communities. Nik will act as the curator for our project, helping with marketing and operations to ensure our project’s success.

On the ONINO Sales Platform

Early investors contributed $68K. Next, we will use LBP to sell the unsold tokens.

Given that LBP’s price is volatile, early investors will receive a 40% discount based on the final pricing. They will also get 25% at the Token Generation Event (TGE), with the remaining unlocked over three months. This ensures the interests of early investors are well protected.

In the evolving landscape of blockchain technology, we’ve witnessed numerous projects that merely add a blockchain layer to increase their valuation without any real utility or innovation in block generation mechanisms, often just forking the EVM code. In stark contrast, TonGPU’s L1 network is purpose-built for decentralized physical infrastructure networks (DePIN) and AI from the genesis block, leveraging the $TGPU token to continuously enhance the network’s stability and efficiency.

Why Do We Need an L1 Network for Decentralized GPU/CPU Computing Power Support?

The need for a dedicated L1 network for GPU/CPU computing power is driven by the limitations of centralized systems and the desire for a more efficient, fair, and decentralized solution. Centralized cloud service providers have excessive control over which machines should be rented, the configurations required for AI tasks, and other critical decisions, often prioritizing economic efficiency over user needs. By decentralizing these processes, TonGPU ensures a fairer and more efficient allocation of computing resources.

Key Features of TonGPU’s L1 Network

1. Nodes

In the TonGPU network, every machine that offers GPU/CPU computing power is considered a node. The role and influence of each node are determined by several factors:
- Computing Power: The absolute computational capacity of the node.
- Network Bandwidth: The quality and speed of the node’s connection to the network.

These factors collectively determine the node’s influence factor, impacting its role and rewards within the network. Nodes with higher influence factors have a greater chance of being selected for block generation and rental by users.

2. Reward and Punishment System

To maintain network reliability and performance, TonGPU has implemented a robust reward and punishment system:
- Continuous Uptime: Nodes must remain continuously online to avoid penalties.
- Block Generation: Consistent uptime increases a node’s probability of being selected to generate blocks, enhancing its visibility and reputation.
- Rental Selection: Nodes that maintain high performance and reliability are more likely to be chosen by users for rental, ensuring their resources are optimally utilized.

This system incentivizes nodes to stay online and perform efficiently, benefiting both the network and its users.

3. Decentralization

A core principle of TonGPU is true decentralization. Unlike centralized servers, where control is concentrated in the hands of a few large entities, TonGPU ensures:
- Distributed Control: Power and control are distributed across many nodes.
- Random Allocation: Tasks and roles are allocated randomly, preventing any single node or group from monopolizing the network.

This approach enhances security, fairness, and resilience, ensuring that the network remains robust and equitable.

The Role of $TGPU Token

The $TGPU token is integral to the TonGPU network, playing a crucial role in maintaining and improving the network’s stability and efficiency:
- Stability: The token incentivizes nodes to remain online and perform optimally.
- Efficiency: It facilitates efficient transactions and interactions within the network.
- Governance: $TGPU enables a decentralized governance model, where decisions are made collectively by the community rather than a central authority.

From the genesis block, $TGPU ensures that TonGPU not only functions efficiently but also evolves continuously to meet the needs of AI and DePIN computing power users.

Fundraising on EVM and Enhancing Liquidity

TonGPU has chosen to fundraise on the Ethereum Virtual Machine (EVM) due to its widespread adoption and compatibility, allowing us to reach a broader base of investors and users. By raising funds on the EVM, we can leverage its mature smart contract environment and extensive developer community support.

Additionally, we plan to enhance liquidity on both the Ton and Ethereum blockchains. This means that users will be able to trade TonGPU tokens on both platforms, ensuring stability in liquidity and value. Increasing liquidity not only helps improve the efficiency of fund usage but also makes the trading of assets more convenient and flexible.

Utilizing Ton’s Official Cross-Chain Bridge

To enable users to seamlessly trade and migrate assets between different blockchain platforms, TonGPU will utilize Ton’s official cross-chain bridge. This bridge allows users to seamlessly transfer assets from Ethereum to the TON blockchain. This functionality not only simplifies the user’s operation process but also greatly enhances the user experience, making asset transfers more secure and efficient.

Reasons for Choosing Ton Blockchain

The decision to develop the TonGPU project on the Ton Blockchain was based on several key considerations. Firstly, the Ton Blockchain has a large user base. This not only means more potential users and participants but also ensures that the TonGPU project can quickly gain attention and application on this platform.

Secondly, users on the Ton chain generally possess a significant amount of underutilized computational resources. These computational resources are a massive waste when not in use. Through TonGPU, we can mobilize these idle resources to support tasks that require extensive computing power, such as data analysis, machine learning, and other high-performance computing tasks.

Lastly, the Ton Blockchain is one of the largest crypto communities outside of Twitter. This large community not only provides a good market and user base but also offers rich feedback and suggestions, helping us continually optimize and improve our project.

Summary

By enhancing liquidity on Ton and Ethereum, utilizing Ton’s official cross-chain bridge, and choosing the resource-rich Ton Blockchain, TonGPU aims to establish an efficient, economical, and secure blockchain computing platform. We believe that by leveraging blockchain technology and underutilized computational resources, TonGPU will be able to offer unprecedented value to users. We look forward to exploring the limitless possibilities of this innovative project with users and developers worldwide.

In today’s rapidly evolving tech landscape, AI startups and individual developers face significant barriers due to the high costs and inflexibility of centralized cloud services. TonGPU aims to revolutionize this by leveraging blockchain technology to reduce costs and increase accessibility to computational resources.

The Problem

1. High Costs and Lack of Flexibility

Centralized cloud services, such as Amazon Lightsail, have recently hiked prices, making them less accessible for financially constrained startups and small teams. For example, the cost of the lowest configuration has doubled from $3.5 to $7 per month, putting additional strain on startups. Moreover, services like Amazon’s EC2 feature pricing that can be prohibitively expensive for many.

2. Underutilized High-Performance Equipment

In the cryptocurrency community, many users possess high-performance computing equipment that remains largely idle. From machines previously used for ETH mining to those set up to run full nodes, there exists a vast amount of untapped computational power. For instance, setting up a BTC full node requires significant storage and processing power, yet many of these resources are not fully utilized.

Our Solution

TonGPU introduces a decentralized network that connects AI developers and computational resource providers. Our platform allows users to ‘rent out’ their idle machines, providing much-needed computational power at a fraction of the cost of traditional cloud services. During the presentation, I demonstrated how contributors can create a worker on our network, showcasing the simplicity and efficiency of our system.

The Competition

Unlike other blockchain solutions, TonGPU pioneers the integration of decentralized computing with AI capabilities within the TON blockchain. While similar platforms like RNDR and TAO exist on other chains, TonGPU stands unique in its approach and has no direct competitors within the TON ecosystem. However, potential competitors like ionet, with a fully diluted valuation of approximately $4 billion USD, indicate a growing interest in decentralized computing solutions.

Summary

TonGPU is not just a technological innovation; it’s a community-driven solution designed to empower AI developers and enhance the utilization of existing computational resources. By reducing dependency on costly centralized services and promoting a more sustainable model of resource sharing, TonGPU is set to be a cornerstone of the next generation of AI development.

Join us as we redefine the boundaries of decentralized computing and AI, one GPU at a time.