Introduction

On September 26, 2024, CoinEx hosted an insightful X (formerly Twitter) Spaces discussion titled “Exploring TON Ecosystem: Hamster Kombat and Catizen.” The conversation explored the dynamic TON ecosystem, focusing on the growth of popular projects like Hamster Kombat and Catizen, and their role in reshaping the gaming and meme token landscape.

The panel featured a diverse group of experts, including Jeff from CoinEx, Gus from Port3 Network, DeFi researcher Prudent Sammy, and technical analyst Nenyewa. Moderated by Jeff, the conversation navigated through key aspects of the TON ecosystem’s evolution, highlighting the impact of Tap-to-Earn models, airdrop-driven hype, and community engagement.

Panellists explored the unique features of Hamster Kombat and Catizen, discussing how their communities and gameplay are shaping their future within the ecosystem. The discussion covered the sustainability of Tap-to-Earn, the difference between meme tokens and GameFi, and the role innovation plays in keeping users engaged in the long run.

This X Space offered valuable insights into the current state of the TON ecosystem and sparked debate on whether projects like Hamster Kombat and Catizen will evolve beyond the initial hype or remain in the realm of meme tokens.

Key Highlights

The TON ecosystem has seen a surge in popularity with tap-to-earn projects like Notcoin, DOGS, CATIZEN, and Hamster Kombat, attracting millions of users through Telegram mini-apps.
While these projects have gained significant traction, there are concerns about the long-term sustainability of the tap-to-earn model, with experts suggesting that projects need to evolve and offer more utility to remain relevant.
CATIZEN emerged as a favourite among the panellists due to its higher gaming element and potential for further development beyond the initial tap-to-earn model.
The TON ecosystem is facing challenges with liquidity, but there's optimism about its growth potential given the large user base and community support.
CoinEx is positioning itself in the TON ecosystem by listing new tokens quickly, offering CoinEx Mining for trending coins, and preparing to launch CoinEx Dock, a launchpad product for early access to promising projects.

Key Discussion Points

The Rapid Rise of Tap-to-Earn Projects on TON: The TON ecosystem has experienced a surge in popularity, largely driven by tap-to-earn projects. Jeff from CoinEx noted, "Notcoin has clearly enlightened] the entire chapter and field because it brings a wealth creation effect and a lot of projects just followed the way." These projects have attracted millions of users, with Jeff mentioning that DOGS "got over 1 million users in less than 24 hours," demonstrating the potential of TON for rapid user acquisition.
Sustainability Concerns and the Need for Evolution: While tap-to-earn projects have successfully onboarded users, there are concerns about their long-term viability. Gus from Port3 Network stated, "Tap to earn has its course to run and it will fade because what is the incentive behind it?" He emphasized the need for innovation, saying projects need "something else that attracts users that's not solely based on a monetary value."
CATIZEN as a Potential Model for Future Development: CATIZEN stood out among the discussed projects. Jeff highlighted its unique position: "Catizen appears to be quite solid in terms of product because... it has the highest gaming element." Gus agreed, saying, "I fully enjoy the land that they created there," suggesting CATIZEN's potential as a model for evolving beyond simple tap-to-earn mechanics.
Liquidity Challenges and Growth Potential in the TON Ecosystem: Despite rapid growth, the TON ecosystem faces liquidity challenges. PrudentSammy observed, "TON ecosystem is actually a very solid ecosystem with a lot of users and they have a good community, but the only issue I'm also having with them is the liquidity inflow." However, he remained optimistic, noting strong community support: "A lot of people keep buying tons to show their support."
Exchange Strategies and New Products in the TON Ecosystem: Exchanges are adapting to capitalize on TON's growth. Jeff explained CoinEx's approach: "Our listing strategy has always been focusing on the speed and coverage of tokens while ensuring the quality and safety of projects." He also introduced new products like CoinEx Mining and the upcoming CoinEx Dock, demonstrating how exchanges are innovating to support the ecosystem's development.

Conclusion

In conclusion, this Twitter Space highlighted the rapid growth of tap-to-earn projects in the TON ecosystem, while also addressing concerns about their long-term sustainability. Panelists emphasized the need for evolution beyond simple mechanics, with CATIZEN cited as a potential model for future development. Despite liquidity challenges, the strong community support and large user base indicate significant growth potential for TON. Exchanges like CoinEx are adapting their strategies to support this emerging ecosystem. As TON matures, innovation and real utility will be crucial for maintaining user engagement and creating lasting value.

Key Takeaways

Tap-to-earn projects on TON have achieved rapid user growth, with some gaining millions of users within days.
Long-term sustainability of tap-to-earn models is questionable, necessitating evolution towards more utility-driven offerings.
CATIZEN stands out among TON projects for its advanced gaming elements and potential for further development.
Exchanges like CoinEx are adapting their strategies and introducing new products to capitalize on and support TON's growth.

Exploring TON Ecosystem: Hamster and Catizen’s Special Twitter Space