📖 Web3 Definition
What is a Jetton on the TON Blockchain? Complete Standard Guide
Discover what Jettons are: the official fungible token standard on the TON blockchain, equivalent to Ethereum's ERC-20, powering payments and rewards.
Definition:
A Jetton is the official fungible token smart contract standard (TEP-74) on the TON blockchain, comparable to Ethereum's ERC-20 standard. Jettons represent utility tokens, community currencies, and stablecoins (such as USDT on TON).
Jettons in Event Ticketing
In the ONTON ecosystem, Jettons allow event organizers to:
- Accept Ecosystem Currencies: Accept USDT, TON, or native protocol community tokens for conference registrations.
- Zero-Friction Settlement: Process payments with block times under 3 seconds and negligible network fees ($0.01).
- Incentive Distribution: Distribute sponsor rewards, bounties, and travel grants directly to attendees' non-custodial wallets.