Layer-1 blockchain TAC has officially launched its public mainnet alongside the debut of its native token, $TAC, now listed on major cryptocurrency exchanges including Binance Alpha, Bitget, Bybit, and Kraken.
According to a press release shared with crypto.news, the mainnet is now live and features the deployment of leading DeFi protocols such as Morpho, Curve, Bancor, Euler, ZeroLend, IPOR Fusion, and Market.win.
With the public mainnet now operational, TAC will begin distributing validator grants, activating liquidity incentives on partner decentralized exchanges, and releasing community growth proposals. In collaboration with liquidity distribution platform Turtle Club, the TAC mainnet launched with over $800 million in total value locked (TVL).
Built on Cosmos-EVM architecture, TAC is fully compatible with Ethereum’s Cancun upgrade. It also integrates with Babylon, a Bitcoin staking protocol, to enhance network security and strengthen consensus validation mechanisms.
The $TAC token, now available through the Telegram Wallet, plays a central role in the ecosystem. It serves three primary functions:
- Gas Fees: $TAC is the exclusive gas token for the protocol’s EVM, using a backend system that converts TON-denominated fees into TAC.
- Staking: The network operates on a delegated proof-of-stake (DPoS) model, requiring validators to bond $TAC in order to produce blocks. Token holders can earn staking rewards ranging from 8% to 10% APY.
- Governance: $TAC unlocks on-chain governance, empowering stakers to vote on protocol upgrades, incentive allocations, and community treasury initiatives.
Pavel Altukhov, co-founder of TAC, emphasized that the launch marks a major milestone not only for the TON ecosystem but for the broader integration of blockchain within Telegram.
“TAC enhances the TON ecosystem with a ready-to-use DeFi layer, battle-tested and live from day one,” Altukhov stated.
TAC is designed to bridge EVM-based decentralized applications with the TON and Telegram ecosystem, which boasts a user base of over one billion. By combining EVM functionality with the massive reach of Telegram, the project aims to accelerate the adoption of consumer-oriented blockchain use cases.
The launch follows TAC’s successful $11.5 million seed and strategic funding round, led by Hack VC, which concluded on June 18.
