FreeTon Project Rebrands to Everscale as Locked-in Liquidity of Poly-Network, Layer-2 Bridge Exceeds $32 Million

HeadlinesNewsFreeTon Project Rebrands to Everscale as Locked-in Liquidity of Poly-Network, Layer-2 Bridge Exceeds $32 Million

Share

FreeTon Project Rebrands to Everscale as Locked-in Liquidity of Poly-Network, Layer-2 Bridge Exceeds $32 Million

Bitcoinist.com2 months ago
Published on December 06, 2021 08:53 GMT+00:00edited on December 06, 2021 20:29 GMT+00:00

Share

Everscale—a high throughput, scalable, and secure open-source blockchain built off Telegram’s TON concept—is the new brand name for the FreeTon Project.

Rebranding from FreeTON to Everscale

An announcement that FreeTON would be rebranding to Everscale was made after the change was successfully voted upon on November 9, declaring the name change to mirror the development milestones of the last few months.

During this time, there have been changes and enhancements to the network that have pushed it far beyond the original parameters of the Telegram TON blockchain.

In addition, the name change was deemed necessary due to the many “TON” projects that have popped up in DeFi and crypto that have caused confusion as to which project is which. Compounding the confusion, while most of these …