An In-Depth Look at the Native Cryptocurrency of The Open Network: Comprehensive Guide for Investors, Fans, Newbies.
What is TONCoin?
TONCoin (TON) is a decentralized layer-1 blockchain developed, encrypted by the famous and popular messaging platform Telegram in 2018, created by the Durov brothers, and developed by the Telegram team.
TON was highlighted due to the fast processing/ transactions per second (TPS) validation, fast, transparent, secure payment services, enabling transactions with minimal fees, third-party applications, cross-border payments, micropayments, and peer-to-peer transactions.
What services does it provide?
- TON Wallets: a built-in wallet function designed to transfer funds and interact with platform services and offers two categories of wallets:
- custodial
- non-custodial
- TON Services allows developers to create various dApps while users can access third-party apps through a user-friendly interface; TON Storage offers the benefits of private encryption using the private key of the owner’s wallet.
(For more info about wallets read this article.)
TONCoin is the native cryptocurrency of the TON network, with a circulating supply of over 3.4 billion TONCoins and a maximum supply of 5 billion TONCoins. As a utility token, it serves as a means of payment for transaction fees, validation rewards, and other activities within the TON ecosystem.
Due to the limited supply of TONCoins and their utility in the TON network, the value of TONCoin is subjected to the market demand and adoption of the TON network. With the network’s fast transaction processing, transparent and secure payment services, and focus on serving the typical consumer, TONCoin is positioned to be a valuable asset in the ever-growing digital economy.
[If you’re interested in investing in TONCoin or other profitable cryptocurrencies, make sure to check out our comprehensive guide on profitable cryptocurrency factors.]
How is TON secured?
The network utilizes the proof-of-stake (PoS) consensus mechanism to validate transactions. Moreover, TONCoin is used to reward validators. Validators and nominators are managed with smart contracts, providing the network with extra protection. Smart contracts are executed using TON Virtual Machine (TVM).
(For more info about Staking and Nominators read this article.)
The development was taken over by the TON Foundation, a non-commercial group of supporters, and an independent community of enthusiasts who have been working on the project’s development since then. The community has been actively involved in developing the project, including creating and maintaining the TON network infrastructure and designing new features and applications for the network. This community-driven approach has helped ensure the project’s ongoing development and growth, as well as providing a strong foundation for future innovation and expansion.
Where to buy?
Trading on a reputable exchange is crucial for anyone looking to invest in TONCoin, as it ensures liquidity, security, and fair pricing.
Each exchange has its unique features and benefits, such as advanced trading tools, low fees, margin trading, and staking options. TONCoin is also available for trading with various pairs, such as TON/USDT, TON/BTC, TON/ETH, and more, depending on the exchange.
The popularity of TONCoin has resulted in its listing on several reputable cryptocurrency exchanges, allowing investors to buy, sell, and trade the native token.
With such a strong presence on these exchanges, TONCoin has become more accessible and traded by investors globally.
- Kucoin
- Huobi exchange
- Bitfinex exchange
- OKX
- Uniswap
- Pancake swap
Where to store and keep? What wallets support TONCoin?
TONCoin investors have several options for storing their tokens, including several wallets that support the native cryptocurrency.
- One of the most popular wallets for TONCoin is TonKeeper, which is specifically designed for the Open Network and allows users to securely store, send, and receive TONCoins.
Investors should carefully consider their wallet options and choose a reputable wallet with strong security measures to ensure the safe storage of their TONCoins.
In summary, TONCoin’s innovative technology, strong community, and increasing adoption make it an attractive option for investors looking to enter the cryptocurrency market. Whether you’re a seasoned investor or new to the world of cryptocurrencies, TONCoin is certainly a project worth watching closely in the following years.
