TON Core Team Launches W5 Smart Wallet for Gasless Transactions

The TON Core team, in collaboration with Tonkeeper, has introduced a new smart wallet standard, the W5 Smart Wallet, which enables gasless transactions. This development allows users to perform up to 255 transactions simultaneously without incurring gas fees. The initiative aims to benefit Telegram's 950 million users by facilitating easier and more cost-effective transactions. Additionally, TON has launched a campaign offering 50% APY rewards for storing USDT in the wallet, with a bonus pool of 3 million TON and a deposit limit of 3,000 USDT. The campaign runs from May 1, 2024, to August 31, 2024.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.