The Open Network (TON) is a scalable and secure decentralized infrastructure. TON's multi-layered architecture, consisting of a root chain, shard chains, and workchains, enables it to handle high transaction volumes and scale efficiently.

One of TON's key features is its ability to support smart contracts, allowing developers to build decentralized applications (dApps) like trading platforms and P2E games. 

TON was originally developed by Telegram in 2018 but veered off in 2020. Now, the project is known as the TON Foundation and is community-led. 

What is the TON token?

Toncoin (TON) is the native cryptocurrency of the Open Network (TON) platform. It serves as the primary fuel for transactions and fees within the TON ecosystem. 

Additionally, TON holders can participate in governance decisions related to the TON network, such as protocol upgrades and fee structures.

TON’s tokenomics are designed to create a sustainable and equitable ecosystem for its users and stakeholders. 

A significant portion of the tokens was allocated to the community, and some portion was reserved for the TON Foundation to fund its operations and support the ecosystem.

TON also employs a token burning mechanism, which involves removing tokens from circulation. This can help reduce the total supply and increase the value of the remaining tokens.

Here are some key aspects of TON's tokenomics:

• Trading Volume (24h): The trading volume of TON in the past 24 hours is $223.49 million.
• Self-Reported Circulating Supply: The self-reported circulating supply of TON is 2.532 billion tokens.
• Total Supply: The total supply of SYNT is 5,111,991,722 tokens.

Trade TON 

Join TON’s mission of making Web3 scalable and transparent. To do so, head over to our trading page and secure your first TON tokens.

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