Native overly collateralized stable coin on TON chain

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Just over two years ago, my journey in the realm of blockchain led me to the creation of a successful decentralized application (DApp) on the Harmony blockchain. Those were good times filled with work and living on the edge of innovation. Along this journey, a seemingly alluring investment opportunity crossed my path—Luna's stablecoin. I put our faith and our funds into the venture. Unfortunately, Luna's stablecoin collapsed, and with it went our investments. This shock served as a harsh but necessary reminder that the stability of a stablecoin was not always guaranteed.
Several months later, my path crossed with the emerging blockchain, TON. It was an encounter that would change my direction, steering me towards an opportunity to right the wrongs of the past. A vision was formed - to build a stablecoin that was truly stable and safe. My co-founder and I, veterans of our previous project, rallied and dove headfirst into the new ecosystem.
Our journey was not an easy one. We plunged into hackathons, networking tirelessly while attempting to establish trust with the TON Foundation's members. We understood the significant role of politics in creating a stablecoin. It was not only about money; we needed the Ton’s leaders’ backing and trust.
With the foundations laid, we embarked on the creation process. Our Minimum Viable Product (MVP) was showcased to the TON team, and I initially felt a strong sense of belief from them. But time has a way of unmasking reality. It became clear that trust wasn't as high as we'd believed. Our lack of experience in building stablecoins was a concern for them, and they preferred someone with a track record.
We tried for a grant, hoping to complete the stablecoin and demonstrate our abilities, but it didn't pan out. The TON team accelerator program seemed to be our next best bet. Regrettably, we were not accepted. I still remember that 6 a.m. call, a conversation I entered sleepily and evidently unconvincingly.
In the face of these adversities, my co-founder found a new role. As much as it pained me to see our dream slipping away, I couldn't help but feel glad for him. In the meantime, I exhausted every possibility for funding. The sad truth, however, was becoming clearer—it was time to let go of Fortify.
Despite the painful goodbye, I remain grateful. My gratitude extends to Victor, Kirill, and other TON members who supported us throughout our journey. I firmly believe that our paths will cross again.
So, here's to new beginnings and more learning. Our journey with Fortify might have ended, but our story in the world of blockchain continues.
Just over two years ago, my journey in the realm of blockchain led me to the creation of a successful decentralized application (DApp) on the Harmony blockchain. Those were good times filled with work and living on the edge of innovation. Along this journey, a seemingly alluring investment opportunity crossed my path—Luna's stablecoin. I put our faith and our funds into the venture. Unfortunately, Luna's stablecoin collapsed, and with it went our investments. This shock served as a harsh but necessary reminder that the stability of a stablecoin was not always guaranteed.
Several months later, my path crossed with the emerging blockchain, TON. It was an encounter that would change my direction, steering me towards an opportunity to right the wrongs of the past. A vision was formed - to build a stablecoin that was truly stable and safe. My co-founder and I, veterans of our previous project, rallied and dove headfirst into the new ecosystem.
Our journey was not an easy one. We plunged into hackathons, networking tirelessly while attempting to establish trust with the TON Foundation's members. We understood the significant role of politics in creating a stablecoin. It was not only about money; we needed the Ton’s leaders’ backing and trust.
With the foundations laid, we embarked on the creation process. Our Minimum Viable Product (MVP) was showcased to the TON team, and I initially felt a strong sense of belief from them. But time has a way of unmasking reality. It became clear that trust wasn't as high as we'd believed. Our lack of experience in building stablecoins was a concern for them, and they preferred someone with a track record.
We tried for a grant, hoping to complete the stablecoin and demonstrate our abilities, but it didn't pan out. The TON team accelerator program seemed to be our next best bet. Regrettably, we were not accepted. I still remember that 6 a.m. call, a conversation I entered sleepily and evidently unconvincingly.
In the face of these adversities, my co-founder found a new role. As much as it pained me to see our dream slipping away, I couldn't help but feel glad for him. In the meantime, I exhausted every possibility for funding. The sad truth, however, was becoming clearer—it was time to let go of Fortify.
Despite the painful goodbye, I remain grateful. My gratitude extends to Victor, Kirill, and other TON members who supported us throughout our journey. I firmly believe that our paths will cross again.
So, here's to new beginnings and more learning. Our journey with Fortify might have ended, but our story in the world of blockchain continues.
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