Starshash, a mining-focused mini-app on Telegram, has partnered with TON Ventures and DWF Labs to advance decentralized finance (DeFi).
These collaborations introduce a new token distribution model prioritizing transparency, fairness, and accessibility.
Through this partnership, Starshash has secured significant investment and acquired hashing power within the TON ecosystem. This collaboration has also led to the launch of a dedicated TON Ventures node, enhancing the platform’s transparency. All validator rewards are distributed directly to users, reinforcing Starshash’s commitment to an open and community-driven model.
Tony Khom, Chief Marketing Officer of Starshash, highlighted the company’s unique position in reshaping token distribution. “By moving beyond traditional airdrops and introducing a mining-based distribution model, we empower users to earn tokens through genuine participation,” He stated.
The partnerships showcase Telegram and TON’s potential to attract millions of users. Inal Kardan from TON Ventures praised Starshash’s innovative gaming mechanics, highlighting successful projects like Notcoin and DOGS. He believes Starshash will become a major player in token launches by 2025.
DWF Labs is actively involved in the Starshash ecosystem by acquiring dedicated mining infrastructure. This commitment goes beyond traditional investments, reinforcing DWF Labs’ support for the decentralization and transparency that Starshash promotes.
“DWF Labs is proud to support Starshash, a project that exemplifies the innovative potential of Web3 and decentralized ecosystems,” said Andrei Grachev, Managing Partner of DWF Labs. “We are contributing to a sustainable and transparent blockchain project that aligns with our mission to empower Web3 innovations.”
Meanwhile, Oak Grove Ventures has invested $5 million in DuckChain, a blockchain project connected to Telegram. The platform aims to facilitate the creation of decentralized applications (dApps) for Telegram’s 30 million users, promoting blockchain adoption and easing the transition to Web3 for users and developers. Additional contributors to the funding round include dao5, Tandem by Offchain Labs, and DWF Ventures.
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