Starhash Gains Strategic Investments from TON Ventures and DWF Labs, Pioneering New Standards in Decentralized Finance
Starhash’s innovative approach to token launches and decentralized distribution has gained significant attention following strategic investments from TON Ventures and DWF Labs. The platform, which operates as a mining-based mini-app on Telegram, is reshaping decentralized finance (DeFi) by prioritizing accessibility, fairness, and transparency.
Key Highlights:
- Partnership Announcements: Starhash announced strategic partnerships with TON Ventures and DWF Labs, marking a major milestone in its growth.
- Mining-Based Token Distribution: The platform enables users to mine tokens using personal devices or dedicated servers, emphasizing community-driven participation.
- User Growth: Since its launch in December 2023, Starhash has surpassed 1 million users, with over 10,000 active miners and 34 million Stars tokens mined (valued at approximately $500,000).
Revolutionizing Token Distribution
Starhash leverages a mining-based distribution model instead of traditional airdrops, ensuring transparency and equitable access. The platform operates on an adapted Ethash algorithm, distributing validator incentives among its users and enhancing its ecosystem’s trustworthiness.
TON Ventures’ strategic investment has strengthened Starhash’s mining power and enabled the creation of a dedicated node for further transparency. Additionally, DWF Labs has actively invested in mining infrastructure within the Starhash ecosystem, further promoting decentralization and reinforcing fairness.
Statements from Key Leaders
Tony Khom, CMO of Starhash:
“Starhash is introducing a new era of gaming mechanics within Telegram. By moving beyond airdrops and embracing a mining-based model, users can earn tokens through meaningful participation—whether by mining with personal devices or renting dedicated servers.”
Inal Kardan, Partner at TON Ventures:
“Telegram-based projects like Starhash have the potential to attract millions of users. We’re excited to support Starhash as a fair and innovative way to launch new tokens in 2025.”
Andrei Grachev, Managing Partner of DWF Labs:
“DWF Labs is proud to support Starhash, a project that embodies the potential of Web3 and decentralized ecosystems. Our investment and active participation in its mining infrastructure contribute to a more sustainable and transparent blockchain ecosystem.”
Strengthening Infrastructure and Expanding DeFi Capabilities
Through its partnership with TON Ventures and DWF Labs, Starhash is bolstering its infrastructure and developing new financial tools to lead the next wave of decentralized applications. The project’s capped token supply of 10 billion ensures long-term value, while its rapid user adoption positions it as a significant player in the decentralized finance space.
About TON Ventures and DWF Labs:
- TON Ventures: A leading venture capital firm dedicated to supporting projects that leverage Telegram’s ecosystem, including Mini Apps and wallets. It aims to foster mass adoption of decentralized technologies by backing Web3 startups.
- DWF Labs: A prominent Web3 investor and high-frequency trading firm that actively participates in the cryptocurrency market across over 60 major exchanges, focusing on sustainable blockchain projects.
By emphasizing fairness, community involvement, and technological innovation, Starhash is set to redefine decentralized finance and lead the way in Web3 adoption.
