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    TL;DR

    The first DEX on TON with concentrated liquidity

    Dossier

    ## Overview TONCO is a decentralized exchange (DEX) built on the TON blockchain, distinguishing itself as the first DEX on the network to implement concentrated liquidity mechanisms. The platform enables peer-to-peer token swaps, liquidity provision, and yield generation through automated market maker (AMM) mechanics adapted specifically for TON's execution model. Unlike traditional constant-product AMMs, concentrated liquidity allows liquidity providers to allocate capital across custom price ranges rather than spreading it uniformly across the entire price curve, potentially improving capita