TAC (TON Application Chain) Project Analysis Report This is said to not be a scam, but I don't know if they are fooling me. Basic Information TAC is a blockchain project designed specifically for Ethereum Virtual Machine (EVM) applications, with the core goal of connecting EVM developers to Telegram and the TON ecosystem's user base of over 1 billion. Official Website: Twitter: @TacBuild Telegram Community: Discord: GitHub: (number of followers) Documentation: Project Introduction TAC (TON Application Chain) is a Layer 1 blockchain that introduces the innovative TON-Adapter, allowing Ethereum DApps to enter Telegram's ecosystem of over 1 billion users. TAC's vision is to enable EVM developers to deploy existing Solidity applications directly into the Telegram environment without needing to rewrite code. Core Value Proposition TAC addresses one of the biggest challenges faced by Ethereum developers: user distribution and acquisition. While Ethereum developers have built excellent protocols and applications, the process for users to access these applications is often fraught with friction and barriers. TAC eliminates these barriers by integrating these applications directly into Telegram Mini Apps, allowing crypto users to interact with DeFi and Web3 applications on the platform they already use daily. Problems Addressed Distribution Dilemma: Traditional DApps require users to install wallet extensions, bridge assets to unfamiliar L2s, wrap tokens, etc., while TAC simplifies this process. User Experience Gap: Seamlessly integrating blockchain functionality into Telegram, users can interact with DeFi without leaving the app. Developer Redundancy: Allows developers to use existing Solidity code without needing to rewrite applications for TON and Telegram. Funding Situation TAC has completed two rounds of funding, raising a total of $11.5 million: Seed Round Amount: $6.5 million Date: November 11, 2024 Lead Investors: Hack VC, Symbolic Capital Participating Investors: The Spartan Group, Sandeep Nailwal, P2 Ventures (Polygon Ventures), CMT Digital, etc. Strategic Round Amount: $5 million Date: June 18, 2025 Lead Investor: Hack VC Ed Roman (Managing Partner at Hack VC) commented: "At Hack VC, we invest in teams building the future of the internet. TAC is an outstanding team with a deep understanding of infrastructure and growth, with years of industry experience. Leading this strategic funding round reflects our confidence in TAC's capabilities, believing they can shape how Ethereum DApps reach global users through Telegram and TON." Project Timeline TAC is currently in a phased rollout process for its mainnet launch, having completed the DevMainnet phase, with well-known DeFi protocols like Curve, Morpho, and Euler already deployed. Testnet Environment TAC currently has two active testnet environments: Saint Petersburg Testnet (tacchain_2391-1): v0.0.8 version, 2 seconds block time Turin Testnet (tacchain_2390-1): v0.0.7-testnet version, 3 seconds block time (soon to be deprecated) Liquidity Activities Before Mainnet Launch TAC's pre-mainnet liquidity bootstrapping activity "The Summoning" has attracted over $700 million in total locked value (TVL), indicating institutional-level confidence. These funds will provide liquidity for core DeFi applications on the public mainnet launch day. Technical Architecture TAC employs an innovative architectural design that combines EVM compatibility with the accessibility of the TON ecosystem: Key Technical Components TON Adapter: Core innovation enabling interoperability between EVM and the TON blockchain. EVM Compatibility Layer: Allows deployment of Solidity smart contracts without modification. Proxy Contracts: Simplifies the distribution of applications within the TON and Telegram ecosystems. Sorter Network: Ensures efficiency and security in network transaction processing. Network Details Technical specifications of the Saint Petersburg Testnet: Chain ID: tacchain_2391-1 Block Time: 2 seconds EVM JSON RPC: Block Explorer: Core Highlights TAC's unique selling points and innovations include: Zero Rewrite Deployment: Developers can deploy existing Solidity code on TAC without rewriting or learning a new programming language. Telegram Mini Apps Integration: Applications can be accessed directly within Telegram as Telegram Mini Apps, without users leaving the app. Reach to Over 1 Billion Users: Enables developers to tap into Telegram's vast user base. Instant Availability of DeFi Primitives: Mature DeFi protocols (like Curve, Morpho, and Euler) will be deployed at mainnet launch, ensuring deep liquidity and utility from the start. How to Participate in the Project Developer Participation Deploy Existing EVM Applications: Deploy Solidity code on TAC, with reference to the official documentation. Use TAC SDK: Utilize the development toolkit to simplify integration with TAC. View Sample DApps: Sample applications are provided on GitHub. Node Operator Participation You can participate in the project by running TAC network nodes, with detailed steps provided in the official documentation: Hardware Requirements: 8-core CPU, 16GB RAM (RPC node)/32GB RAM (validator node), 500GB NVMe SSD. Software Requirements: Go >= 1.23.6, jq, curl. Team and Investors Founding Team Co-founders: Bemo and TOP CEO: Pavel Altukhov Major Investors TAC has received support from several well-known investment institutions in the cryptocurrency field: Hack VC (led strategic and seed rounds) Symbolic Capital (led seed round) Animoca Brands Primitive Ventures Bitscale Capital Mental Group Paper Ventures TON Ventures Potential Risks Based on existing information, potential risks TAC may face include: Technical Risks: As a bridge connecting EVM and the TON ecosystem, it faces potential security challenges and technical complexities. Competitive Risks: Other projects may offer similar cross-chain integration solutions. Adoption Risks: Dependent on actual adoption by developers and users. Regulatory Risks: As DeFi becomes more popular on Telegram, it may face regulatory scrutiny. Future Developments TAC's recent development plans include: Full Mainnet Launch: Currently in phased rollout, having completed the DevMainnet phase. More DeFi Protocol Integrations: Over 20 leading applications are ready to integrate with the Mainnet. Expansion of Consumer Application Ecosystem: With the deployment of foundational DeFi protocols, more consumer-facing applications are expected to emerge. Conclusion TAC represents a significant attempt to bridge the gap between developer friendliness and large-scale user adoption in the cryptocurrency industry. By enabling Ethereum developers to seamlessly access Telegram's user base of 1 billion, TAC has the potential to unlock a new wave of growth for DeFi and Web3 applications. The project has strong support from well-known investors in the industry, and its technical architecture design considers both developer and user experience, all positive signals for the project's potential success. Like all blockchain projects, TAC's long-term success will depend on its security, reliability, and ultimately the actual adoption by developers and users. As the project transitions from testnet to mainnet, observing the deployment of actual applications and user interactions will provide more insights into the project's prospects.