What is Toncoin ($TON)?

There are TONs of opportunities in the world of crypto.

But this one could be the golden opportunity of a lifetime and you may already have it on your mobile phone…

Join us as we enter the TON Blockchain, home to the Telegram Messenger.

What is Toncoin?

TON (The Open Network) Blockchain is a layer 1 network that was created in 2018 by founders Pavel and Nikolai Durov, the same legends that brought you the infamous Telegram Messenger app which has over 950M users! Together, TON and Telegram are here to revolutionise the internet as we now know it.

The mission behind TON is to provide a decentralized open internet to everyone, by providing an ecosystem powerful enough to eliminate the ruling centralized entities. TON’s network is made up of TON Storage, TON DNS, and TON Sites, but at the heart of it all is the blockchain where it is all perfectly interconnected.

Without a doubt, the TON Blockchain has become a leading network not only because of its super simple onboarding through the Telegram app but also because it is capable of processing up to 1M transactions per second, proving it to be one of the most scalable and efficient networks in existence.

TON Ecosystem

Boasting an extremely attractive and engaging ecosystem, TON is home to hundreds of dApps ranging from DeFi, GameFi, NFTs and anything you could imagine, all accessible through the palm of your hand and in the Telegram app. At the moment, the most popular dApps in the ecosystem are Notcoin, Major, DOGS, as well as many others.

2024 has been a successful year for the TON Blockchain. They have facilitated over 1.63B transactions, attracted over 108M unique users and broken many ATHs. With a thriving ecosystem. a loyal community and a bull run on the horizon, these statistics could be ready to rise once again…

TON Roadmap

Exciting times are coming for the TON community. According to the exciting TON roadmap, soon the TON blockchain will be able to achieve gasless transactions (FREE), we will see the introduction of a TON browser, huge updates and many other products joining the ecosystem.

Toncoin $TON

Powering the entire ecosystem of this powerhouse blockchain is the Toncoin ($TON), which has many functioning utilities. Primarily, $TON is used to pay for transactional fees. However, Toncoin is also used to access application services, DNS, storage, proxies and even fund advertisements.

Conclusion

According to CoinMarketCap, at the time of writing, $TON is trading at $5.21 with a market cap of $13.23B, ranking it the 10th largest cryptocurrency. In June 2024, $TON achieved its ATH of $8.24, despite the rough market conditions. Toncoin has yet to experience a proper bull run as it launched at the end of the last bull market and could very well blow its previous ATH out of the water…

Official TON Links

Disclaimer

The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.