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We are Listing Toncoin (TON)

September 18, 2024
1 min

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 TON 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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The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.