Tonswap FAQ

Tonswap is a decentralized exchange (like Uniswap or PancakeSwap) on The Open Network (TON) blockchain, combined with a launchpad for new tokens. It allows you to trade Toncoin and other TON-based tokens instantly with low fees, and also facilitates the launch of new projects’ tokens. Think of it as an all-in-one DeFi platform for the TON ecosystem, accessible directly via your Telegram app or web browser. In short, it’s where you can swap, earn, and discover new projects – all within the Telegram app.

Getting started is easy. All you need is a TON wallet. You have two options:

1. You can use a Telegram-integrated wallet (for example, the TON Wallet bot or TON Space within Telegram); or
2. A browser-based TON wallet extension.

Once your wallet is set up and funded with a small amount of Toncoin (TON) for gas, simply visit the Tonswap web app or open the Tonswap mini-app in Telegram and connect your wallet. There are no sign-ups or KYC checks – it’s open to anyone. From there, you can immediately swap tokens or provide liquidity. If you’re on Telegram, you’ll find the experience very familiar, as if you’re still just chatting on the app!

CLMM stands for Concentrated Liquidity Market Maker. It’s an advanced type of automated market maker that allows liquidity providers to concentrate their liquidity into specific price ranges (rather than spreading it across all prices as in traditional AMMs). This matters because it makes liquidity far more capital-efficient – trades occur where liquidity is dense, resulting in significantly lower slippage and better prices for traders. For liquidity providers, it means their funds are working harder, earning more fees with less capital by focusing on the active trading range. In short, CLMM lets Tonswap offer a more efficient and profitable DEX for both traders and liquidity providers compared to older designs.

Tonswap stands out in a few significant ways. First, it’s the first DEX on TON to use concentrated liquidity, which gives it a huge edge in efficiency – liquidity in Tonswap is utilized much more effectively than in existing TON DEXes, meaning less slippage and higher yields. Second, Tonswap is built for Telegram integration, allowing you to use it natively through a Telegram mini-app —a feature most DEXs cannot offer. This mobile-first approach lowers the barrier for users. Additionally, Tonswap features a launchpad for new projects, whereas other exchanges are primarily focused on trading. Finally, we prioritize an easy user experience (no complicated interfaces or extra fees) while maintaining complete decentralization. It’s designed to feel familiar and straightforward, yet it is powerful under the hood.

Yes – security is a top priority. Tonswap is a non-custodial platform, meaning you never hand over your funds to us or any middleman. Your tokens remain in your own TON wallet until you execute a swap or add liquidity, and even then, the smart contract (audited for security) directly handles the trade while you retain control. This decentralized setup provides enhanced protection for your assets versus centralized exchanges. We are conducting thorough security audits of the Tonswap smart contracts before launch. Additionally, the TON blockchain itself provides robust security and finality so that you can trade with peace of mind. As always in DeFi, you should keep your wallet credentials safe – but you can trust that Tonswap’s code and the TON network are designed to safeguard your transactions.

Our development is well underway. The public testnet is targeted for Q3 2025, which will enable users to test Tonswap in a trial environment. The full mainnet launch is expected in Q4 2025, at which point the DEX will be live for all users on the TON blockchain (with the Telegram integrated app available around the same time). The launchpad functionality will be rolled out shortly after the DEX launch – we aim for early 2026 for the first project launches. Stay tuned for our official updates for precise dates. We’re just as excited as you are to go live and will keep the community updated every step of the way!