icon - Toncoin
TON Toncoin
-4.93%
$ 2.17742416
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 19
    Toncoin
    $ 2.17742416
    $ 7,549,531,032
    $ 45,777,721
    3,467,184,384 TON
    -4.93%

Toncoin. Price of cryptocurrency: $ 2.17742416

What is the name of the coin?
The messaging platform Telegram developed the ton coin.
The technology has been developed thanks to a non-commercial group of supporters and an independent community of enthusiasts.
The idea was to make it easy to use an application that allows users to buy/send/store funds. Transaction fees are paid by clients and TON is used to settle payments. The PoS consensus model is used for network reliability.
The mission of the developers is to build an all-in-one platform with a full range of services, including an anonymous network, an instant payment platform, and affordable/fast transaction processing.
The Open Network is focused on serving a typical consumer. The fast processing of transactions per second is what makes ton stand out. In September of 2021, the network processed a then-world record of over 50,000 TPS during a contest, although the current TPS could be in the hundreds of thousands or even millions. The feature allows the project to grow quickly.

Who is the founder of Toncoin?
The Telegram team developed the platform that was originally created by the Durov brothers.
Gram was causing trouble because he was getting a lot of attention. The US Securities and Exchange Commission banned its development.
The product was brought to the state by the Telegram team.
The project was created as an open-source code so anyone could continue development.

What makes a coin unique?
There is a multi-level structure built on the principle of sharding. A feature of sharding is the use of multiple subnets, where each shard has a specific purpose. It helps the net to avoid the build up of blocks.
Scaling, efficiency and mass adoption are what the developers focus on.
TON Wallets is a built-in wallet function designed to transfer funds and interact with platform services, while TON Services allows developers to create various dAPPS while users can access third-party services.

There are pages related to this.
You can read about Zilliqa and Harmony.
The latest updates can be found on the CMC Community.
What is proof-of-stake?
What is Web 3.0?

How many ton coins are in circulation?
The TON network has a native token, Toncoin, which has a circulating supply of 1.22B TON and a maximum supply of 5B TON.
The coin was designed to fuel the economy. It can be used as a transaction processing fee, as a cross-chain transaction fee, and as a staking payment to secure the network. The list of use cases includes payment for data storage and other fees. The Validator fees are paid in TON.

How is the network secured?
The network uses a PoS consensus mechanism to verify transactions. validators are rewarded with Toncoin. validators can receive rewards fromminators.

Where can you buy ton coin?
Huobi Global, FTX, KuCoin, Uniswap (V3), Gate.io, OKX, LBank, MEXC, Exmo, CoinEx, Biswap, No are all listed on Toncoin.
There is an in-depth guide on tokenomics.