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- Starhash’s ability to establish new standards for token launches and decentralized distribution is brought to light by this investment.
- TON Ventures has acquired hashing power inside its ecosystem, which has resulted in Starhash receiving a strategic investment.
The announcement of strategic alliances with TON Ventures and DWF Labs is something that Starshash, an innovative mini-app on Telegram that is based on mining, is proud to announce. As a result of these cooperation, a significant turning point has occurred in the field of decentralized finance (DeFi), as Starshash is revolutionizing token distribution by maximizing accessibility, fairness, and transparency.
Starshash is a mini-app that operates within Telegram and is based on mining. It redefines token distribution by incorporating fairness, transparency, and community-driven mechanics. Since its launch in December 2023, it has already amassed more than one million users, achieving rapid growth and establishing itself as a leading performer in the decentralized gaming and finance sectors.
Through the integration of fairness and transparency into the fundamental components of its ecosystem, Starshash has revolutionized the mining and token distribution processes. Starshash is a cryptocurrency mining platform that runs on an adapted Ethash algorithm. It allows users to mine tokens using their own personal devices or dedicated servers. Since it was first introduced in December 2023, the platform has already processed more over 34 million Stars, which is equivalent to around $500,000, with over one million users and 10,000 active miners. The fact that Starshash is constantly ranked among the top five highest-grossing apps on Telegram is evidence that decentralized ecosystems have the capacity to provide long-term income and scalability.
TON Ventures has acquired hashing power inside its ecosystem, which has resulted in Starhash receiving a strategic investment from the company. Starhash’s ability to establish new standards for token launches and decentralized distribution is brought to light by this investment. Starshash has been able to build a dedicated TON Ventures node as a result of the agreement, which has further enhanced transparency by distributing all validator incentives among users.
Tony Khom, Chief Marketing Officer of Starhash stated:
“StarsHash is pioneering a new era of gaming mechanics within Telegram, catering to a community that actively engages and contributes resources to shape the ecosystem. By moving beyond traditional airdrops and introducing a mining-based distribution model, we empower users to earn tokens through genuine participation. Whether mining on personal devices, renting dedicated servers, or contributing in other ways, our approach ensures a transparent, equitable, and community-driven token distribution process.”
Inal Kardan, Partner at TON Ventures and former GameFi Lead at TON Foundation stated:
“We all know that Telegram and TON games have the potential to attract millions of users. Projects like Notcoin and DOGS have already proven this. As we step into 2025, we see new opportunities emerging for innovative game genres and models. Starshash, in our opinion, is a fantastic community-driven project, and we are thrilled to join this movement. This project stands out as a promising and fair way to launch a new token in 2025. We believe this type of project will achieve significant success in the coming months.”
TON Ventures is a leading venture capital firm that is committed to fostering innovation within the ecosystem of The Open Network (TON). TON Ventures is a company that focuses on providing financial investment, operational support, ecosystem expertise, and access to a global network of industry-leading partners. Its primary objective is to provide assistance to early-stage startups and cryptocurrency projects that make use of the distinctive capabilities offered by Telegram’s platform, such as Mini Apps, Wallet, and other integrated tools. TON Ventures is dedicated to accelerating the mass adoption of decentralized technologies and supporting the next generation of web3 entrepreneurs. This is accomplished by fostering collaboration between investors and projects.
A hands-on approach has been taken by DWF Labs as part of this partnership. Specifically, the company has acquired dedicated mining infrastructure within the StarsHash platform. The community-driven ethos of the project is actively supported by this decision, which goes beyond the conventional investment strategies that one would normally employ. Through its integration into the mining ecosystem, DWF Labs makes a direct contribution to the decentralization and transparency that are the foundations of StarsHash ecosystem.
Through its active participation in the mining process, DWF Labs demonstrates its dedication to establishing a level playing field for all of the participants. The ethos of the project is reflected in this initiative, which states that all contributors receive equal benefits from the ecosystem. This alignment serves to reinforce the principles of accessibility and fairness that are the defining characteristics of StarsHash.
Andrei Grachev, Managing Partner of DWF Labs stated:
“DWF Labs is proud to support StarsHash, a project that exemplifies the innovative potential of Web3 and decentralized ecosystems. By investing in StarsHash and participating in its mining infrastructure, we are contributing to a sustainable and transparent blockchain project that aligns with our mission to empower Web3 innovations.”
Being one of the leading high-frequency cryptocurrency trading firms in the world, DWF Labs is the next generation of Web3 investors and market makers, which trades spot and derivatives markets on over 60 of the most prominent exchanges.
Through the formation of this partnership with TON Ventures and DWF Labs, Starshash was able to strengthen its position in the decentralized finance space, as well as expand its infrastructure and develop new financial tools. Starshash is well positioned to lead the next wave of decentralized applications, as its token supply would be capped at 10 billion and its adoption rate would continue to rise.