Finding bemo: Your ultimate app for staking on the TON Blockchain

Table of Contents

• DeFi activity continues to grow on the TON blockchain 
• What bemo achieves for users 
• Staking on bemo
• The big picture 

The Decentralized Finance (DeFi) sector continues to unveil remarkable opportunities for participants. Staking is a remarkable tool that allows digital asset owners to pool/lend/lock their assets in a blockchain platform and earn yield in the process. bemo strives to optimize this possibility on the TON blockchain. 

The Open Network (TON) is a layer-1 blockchain committed to a decentralized and open internet. It was initially known as Telegram Open Network before the project was rebranded to its current form, but still benefits from the robust infrastructure of Telegram. This network has grown into a vibrant ecosystem for developers and crypto investors. 

DeFi activity continues to grow on the TON blockchain 

A decentralized finance blockchain has several metrics for analyzing its performance. That said, the Total Value Locked (TVL) is a pretty strong indicator of commerce on the blockchain. For the TON blockchain, the TVL exceeded the $200 million mark in May 2024. This mark represents growth of almost four times since the year started. The spike in TVL has also seen an increase in total active wallets, market capitalization, and general buzz around the ecosystem. 

DeFi blockchains thrive on usage. Ethereum retains its prominence, despite the scalability issues, because of how many tokens use the ERC-20 standard. Therefore, it is a great time for developers looking to build various products on the blockchain. The greater the overall utility, the more there is for all stakeholders in the ecosystem. 

What bemo achieves for users 

bemo is an innovative decentralized application on the TON blockchain that provides users the staking ease needed to participate in this ecosystem. This staking app gives users the ability to stake their TON tokens while retaining liquidity and participation in other DeFi activities. 

Standard staking involves locking up tokens with a DeFi platform with limited ability to utilize the tokens. bemo ensures that stakers have “liquid tokens,” meaning that you can benefit from staking rewards, even while participating in other DeFi activities.

Additionally, bemo has leveled the playing field, with no minimum staking requirements. bemo also boasts an incentive program for users to join the future BMO token airdrop. The robust infrastructure of its native blockchain ensures that users have a scalable and efficient ecosystem to thrive.

Staking on bemo

For users, staking on bemo is pretty straightforward. You stake TON tokens to bemo smart contracts and receive stTON tokens in return. This token is a representation of the TON holdings users have in the TON staked within the network pool. Stakers validate transactions on the network and earn staking rewards in the form of stTON.

The stTON users hold allows them to get passive income without extra actions. stTON pricing is automated to reflect the accurate value of digital assets in the staking pool. Therefore, users earn both the staking reward and potentially higher token value appreciation with an overall improvement in the pool-locked assets.

The beauty of this platform is that users can freely utilize their tokens while staking. Accordingly, token holders can use staked tokens to: 

The possibility of using your tokens on external affiliated platforms is a game-changer. Once a user has stTON in their wallet, the versatility ensures bemo is ahead of the curve. The broader applicability of the tokens ensures high potential returns. That said, users must appreciate the risk levels inherent in the digital finance sector before making any moves.

Additionally, bemo has an incentive program and imminent airdrop for loyal users. The program works by giving users stXP points as rewards for their staking. Accumulating stXP allows users to benefit from future airdrops of BMO tokens in 2024 Q4.

The big picture 

bemo is a remarkable app to expand your staking opportunities on the TON blockchain. It is a liberating experience for crypto token holders who typically only wait for staking rewards from their locked tokens. Instead, this is a chance to freely use your staked tokens to earn additional rewards from other platforms. The compounded benefit for a user makes this app significantly better than most staking platforms. 

All this is possible because of the robust infrastructure provided by the TON. The overall growth of the TON DeFi ecosystem is a possibility that users relish and look to benefit from immensely long term.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.