TAC, a leading DeFi protocol, will make TVL public for the first time when the $TAC token is released

$TAC token is now listed on leading exchanges including Bybit, Bitget, and Kraken. The token is also listed on trading platforms such as Telegram's Wallet and Binance Alpha.

TAC's public mainnet is now live. Leading DeFi protocols, including Morpho, Curve, Bancor, Euler, ZeroLend, IPOR Fusion, and Market.win, are now deployed on their mainnet.

TAC's TAC Summoning Liquidity Campaign reached $800 million in total value locked (TVL). This liquidity will power DeFi dApps on TAC.

TAC, a purpose-built blockchain designed to give EVM dApps access to the growing blockchain economy of TON and Telegram, has launched its public mainnet and revealed its native token, $TAC. $TAC token is now listed on leading exchanges including Bybit, Bitget, and Kraken. The token is also listed on trading platforms such as Telegram's Wallet and Binance Alpha. The release of the token provides an on-chain currency that is used to support TAC's gas fees, staking, and governance, covering TAC's Ethereum-compatible Layer-1.

With the launch of the token, TAC's public mainnet is now live. Leading DeFi protocols, including Morpho, Curve, Bancor, Euler, ZeroLend, IPOR Fusion, and Market.win, are now available on the public mainnet. Launched in partnership with Turtle Club, TAC Summons is a liquidity bootstrap campaign that has accumulated over $800 million in TVL. This liquidity will ensure the robustness of the market from day one, solving the cold start problem that new DeFi ecosystems typically face.

$TAC Token's utility and role in the network

$$TAC performs three integral roles. First, it's an exclusive gas token on the TAC EVM, including the backend logic that converts TON-denominated fees into $$TAC, creating constant buying pressure as network activity increases. Second, it enhances network security through a delegated proof-of-stake (DPoS) mechanism where validators need to bond $TAC to participate in block generation. Token holders can also delegate their $TAC to validators, and the protocol currently estimates an annualized yield of between 8% and 10%. Third, $TAC unlocks on-chain governance, allowing stakers to guide upgrades, incentive programs, and community treasuries. The TAC token is launched in a vibrant ecosystem with $800 million in TVL, a variety of high-quality assets, blue-chip dApps, and DeFi use cases.

"TAC has enhanced a ready-to-use DeFi layer for the TON ecosystem, battle-tested and live from day one," said Pavel Altukhov, co-founder of TAC. "This marks not only a significant step forward for TON, but also a significant step in Telegram's evolution to a true super app, as builders can now integrate the most mature blockchain use cases into products directly facing a billion users."

With the public listing, TAC will distribute validator grants, activate liquidity incentives for partner DEXs, and open proposals for its first community-led growth initiative.

Build scalability with key infrastructure partners

TAC is a Layer 1 blockchain built using the CosmosEVM architecture, ensuring seamless compatibility with Ethereum's Cancun hard fork. It is secured by a Tendermint-based Delegated Proof-of-Stake (DPoS) consensus mechanism and native $TAC tokens, achieves block finality of about 2 seconds, and allows users to delegate their tokens to trusted validators.

TAC further enhances security with an integration with Babylon, introducing Bitcoin staking to enhance consensus validation.

TAC has also partnered with leading infrastructure providers, including LayerZero, RedStone, Blockscout, Dune, and Thirdweb, laying the foundation for a robust, scalable, and developer-friendly ecosystem.

TAC's mainnet launch comes after the company announced it had raised a total of $11.5 million through a seed and strategic funding round on June 18.

About TAC

TAC is a blockchain designed specifically for EVM dApps to give it access to the TON and Telegram ecosystems' base of over 1 billion users. TAC enables Ethereum dApps to be deployed seamlessly on TON. EVM functionality and liquidity are brought to the TON ecosystem, enabling builders to focus on consumer use cases.

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