Layer-1 network<\/a> developed by Telegram<\/strong> with the goal of attracting billions of users. It claims to offer incredibly quick transactions, low costs, user-friendly interfaces, and environmental friendliness.<\/p>\r\n<p>If you’re interested in the current Toncoin price, don't forget to take a look at the TON price chart that is featured above.<\/p>\r\n<p>The first version of TON was released in 2018 by <strong>the<\/strong> <strong>Dubrov brothers<\/strong> (the founders of Telegram). However, only in 2022, TON became a fully functional open network.<\/p>\r\n<p>The TON blockchain has its own <strong>TON wallet<\/strong> that allows users to store their assets and promises fast and secure crypto transactions without any middlemen.<\/p>\r\n<p>TON employs a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake/strong>/a> consensus mechanism. With this approach, TON holders can stake their coins, which gives them the authority to validate and add new blocks of transactions to the blockchain, as well as create their own validator nodes.<\/p>\r\n<p>Based on the core TON criteria, as of 2022, <strong>the current annual rate of inflation is 0.6%. <\/strong>This inflation represents the amount that the TON community is paying the validators to keep the system running.<\/p>\r\n<h2>The Purpose of Toncoins<\/h2>\r\n<p>Toncoin crypto assets can be used in various ways. Firstly, TON coins are used to <strong>pay transaction fees.<\/strong> Secondly, TON coins can be staked by their holders this way <strong>securing the network. <\/strong>Besides, by staking the tokens, users can get staking rewards and voting rights. This leads to another purpose of Toncoin – <strong>governance. <\/strong>The tokens grant access to the decision-making processes concerning the development of the whole TON network.<\/p>\r\n<p>However, apart from the main use cases, Toncoins can also be used:<\/p>\r\n<ul>\r\n<li>As a commission payment for processing on-chain transactions with <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a><\/li>\r\n<li>As a payment method for the services offered by dApps created on the platform<\/li>\r\n<li>As a \u200b\u200bpayment method for developing new networks and extra currencies<\/li>\r\n<\/ul>\r\n<p>Though since the TON blockchain is still developing, there are many more use cases planned for Toncoins in the future.<\/p>\r\n<p>Lastly, note that it is highly recommended to analyze the TON price chart above before purchasing any Toncoins. This step is crucial due to the Toncoin price's high level of volatility. Why is it volatile? Mainly because the Toncoin price, like the pricing of other crypto assets, is affected by shifts in the value of the whole crypto market, which results in the aforementioned volatility.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/toncoin-toncoin-price","crypto_currency_info":{"id":920,"crypto_currency_id":844,"description":"Toncoin (TON) is a cryptocurrency . Toncoin has a current supply of 5,047,558,528 with 1,221,401,181 in circulation. The last known price of Toncoin is 1.88242275 USD and is up 2.44 over the last 24 hours. It is currently trading on 35 active market(s) with $2,446,286.87 traded over the last 24 hours. More information can be found at https:\/\/ton.org\/.","tags":null,"platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/11419.png","original_links":"{\"website\":[\"https:\\\/\\\/ton.org\\\/\"],\"twitter\":[],\"message_board\":[],\"chat\":[\"https:\\\/\\\/t.me\\\/tonblockchain\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/ton.sh\\\/\",\"https:\\\/\\\/etherscan.io\\\/token\\\/0x582d872a1b094fc48f5de31d3b73f2d9be47def1\"],\"reddit\":[],\"technical_doc\":[\"https:\\\/\\\/ton.org\\\/whitepaper.pdf\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/newton-blockchain\"],\"announcement\":[]}","links":"{\"website\":{\"ton.org\":\"https:\\\/\\\/ton.org\\\/\"},\"community\":{\"reddit.com\":\"https:\\\/\\\/www.reddit.com\\\/r\\\/TONcoin\\\/\",\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/ton_blockchain?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/tonblockchain\"},\"explorer\":{\"ton.sh\":\"https:\\\/\\\/ton.sh\\\/\",\"etherscan.io\":\"https:\\\/\\\/etherscan.io\\\/token\\\/0x582d872a1b094fc48f5de31d3b73f2d9be47def1\"},\"technical_doc\":\"https:\\\/\\\/ton.org\\\/whitepaper.pdf\",\"source_code\":\"https:\\\/\\\/github.com\\\/newton-blockchain\"}","data":"{\"id\":11419,\"name\":\"Toncoin\",\"symbol\":\"TON\",\"category\":\"coin\",\"description\":\"Toncoin (TON) is a cryptocurrency . Toncoin has a current supply of 5,047,558,528 with 1,221,401,181 in circulation. The last known price of Toncoin is 1.88242275 USD and is up 2.44 over the last 24 hours. It is currently trading on 35 active market(s) with $2,446,286.87 traded over the last 24 hours. More information can be found at https:\\\/\\\/ton.org\\\/.\",\"slug\":\"toncoin\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/11419.png\",\"subreddit\":\"\",\"notice\":\"\",\"tags\":null,\"tag-names\":null,\"tag-groups\":null,\"urls\":{\"website\":[\"https:\\\/\\\/ton.org\\\/\"],\"twitter\":[],\"message_board\":[],\"chat\":[\"https:\\\/\\\/t.me\\\/tonblockchain\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/ton.sh\\\/\",\"https:\\\/\\\/etherscan.io\\\/token\\\/0x582d872a1b094fc48f5de31d3b73f2d9be47def1\"],\"reddit\":[],\"technical_doc\":[\"https:\\\/\\\/ton.org\\\/whitepaper.pdf\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/newton-blockchain\"],\"announcement\":[]},\"platform\":null,\"date_added\":\"2021-08-26T13:40:22.000Z\",\"twitter_username\":\"\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0x582d872a1b094fc48f5de31d3b73f2d9be47def1\",\"platform\":{\"name\":\"Ethereum\",\"coin\":{\"id\":\"1027\",\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\"}}},{\"contract_address\":\"0x76a797a59ba2c17726896976b7b3747bfd1d220f\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":4983944249.497838,\"self_reported_tags\":null,\"self_reported_market_cap\":9390302501.403778}","launched_at":null,"created_at":"2022-03-25T14:20:26.000000Z","updated_at":"2023-05-18T14:34:13.000000Z"},"crypto_currency_social":{"id":826,"crypto_currency_id":844,"twitter":"{\"name\":\"TON \\ud83d\\udc8e\",\"username\":\"@ton_blockchain\",\"follower_count\":184882,\"following_count\":505,\"tweet_count\":1602,\"created_at\":\"2021-09-27 00:00:00\"}","reddit":"{\"subscribers\":1465,\"description\":\"The news about TON (The Open Network) blockchain. \\n(Former Telegram Open Network created by Durov's brothers and shut down by SEC)\",\"created_at\":\"2018-01-09 00:00:00\",\"subreddit_type\":\"restricted\",\"subreddit_name\":\"r\\\/TONcoin\",\"moderators\":2,\"hot\":[{\"title\":\"TON community Telegram channel\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/ukhtho\\\/ton_community_telegram_channel\\\/\",\"created_at\":\"2022-05-07 17:13:12\",\"icons\":[]},{\"title\":\"The Open Network: A Blockchain's Past and Future\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/zyev52\\\/the_open_network_a_blockchains_past_and_future\\\/\",\"created_at\":\"2022-12-29 20:02:35\",\"icons\":[]},{\"title\":\"Just how fast is TON compared to other blockchains? We prepared a chart and threw in some trad-fi players as well\",\"author\":\"hemiw1\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/10efz3u\\\/just_how_fast_is_ton_compared_to_other\\\/\",\"created_at\":\"2023-01-17 16:09:22\",\"icons\":[]},{\"title\":\"\\ud83d\\udea8 Scam alert \\ud83d\\udea8: https:\\\/\\\/ton.management is yet another airdrop scam. Do not share your 24 secret words with this site (or anyone).\",\"author\":\"zmxv\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/zkzd3w\\\/scam_alert_httpstonmanagement_is_yet_another\\\/\",\"created_at\":\"2022-12-13 16:10:47\",\"icons\":[]},{\"title\":\"Beware of scam transactions\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/zkbznb\\\/beware_of_scam_transactions\\\/\",\"created_at\":\"2022-12-12 21:24:46\",\"icons\":[]},{\"title\":\"The start of the anonymous virtual numbers sale on the Fragment platform\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/zedr4s\\\/the_start_of_the_anonymous_virtual_numbers_sale\\\/\",\"created_at\":\"2022-12-06 18:16:23\",\"icons\":[]},{\"title\":\"First bridge into TON launched today\",\"author\":\"hemiw1\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/z9n1we\\\/first_bridge_into_ton_launched_today\\\/\",\"created_at\":\"2022-12-01 12:50:13\",\"icons\":[]},{\"title\":\"The TON Foundation along with a group of independent investment partners have announced a soft commitment of a $126 million fund to rescue crypto industry projects.\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/z8x01l\\\/the_ton_foundation_along_with_a_group_of\\\/\",\"created_at\":\"2022-11-30 17:13:26\",\"icons\":[]},{\"title\":\"Telegram Premium can now be paid for with TON coins\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/z29st3\\\/telegram_premium_can_now_be_paid_for_with_ton\\\/\",\"created_at\":\"2022-11-23 00:12:02\",\"icons\":[]},{\"title\":\"$TON showing CRAZY action right now!\",\"author\":\"guardarian_com\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/ywsvmx\\\/ton_showing_crazy_action_right_now\\\/\",\"created_at\":\"2022-11-16 13:08:35\",\"icons\":[]},{\"title\":\"Who\\u2019s buying the telegram user names? Add your telegram handle below and what you have bought so far.\",\"author\":\"That_Upstairs_9288\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/ywk19r\\\/whos_buying_the_telegram_user_names_add_your\\\/\",\"created_at\":\"2022-11-16 04:45:48\",\"icons\":[]},{\"title\":\"TON blockchain on TOKEN 2049 London conference\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yv89he\\\/ton_blockchain_on_token_2049_london_conference\\\/\",\"created_at\":\"2022-11-14 18:32:59\",\"icons\":[]},{\"title\":\"I've built a website and a Telegram bot to keep track of .ton domain auctions\",\"author\":\"zmxv\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yu6q90\\\/ive_built_a_website_and_a_telegram_bot_to_keep\\\/\",\"created_at\":\"2022-11-13 16:37:29\",\"icons\":[]},{\"title\":\"Movin' On Up\",\"author\":\"hemiw1\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yty05w\\\/movin_on_up\\\/\",\"created_at\":\"2022-11-13 10:37:29\",\"icons\":[]},{\"title\":\"I just created an NFT collection on getgems. I have some questions\",\"author\":\"Ayrat555\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yskc5d\\\/i_just_created_an_nft_collection_on_getgems_i\\\/\",\"created_at\":\"2022-11-11 19:26:39\",\"icons\":[]},{\"title\":\"You can convert your Telegram username\\\/channel name to an NFT on TON blockchain now\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yqw2pc\\\/you_can_convert_your_telegram_usernamechannel\\\/\",\"created_at\":\"2022-11-09 21:26:43\",\"icons\":[]},{\"title\":\"TOKEN2049 conference in London today\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yqgh83\\\/token2049_conference_in_london_today\\\/\",\"created_at\":\"2022-11-09 11:39:39\",\"icons\":[]},{\"title\":\"What is TON? \\\/\\\/ In-depth Review For Beginners\",\"author\":\"Simple_hold_wallet\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yomxiz\\\/what_is_ton_indepth_review_for_beginners\\\/\",\"created_at\":\"2022-11-07 13:29:51\",\"icons\":[]},{\"title\":\"Why do I need to include a Tag \\\/ Memo \\\/ Comment when transferring Toncoin? An Explanation\",\"author\":\"hemiw1\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/ynk30m\\\/why_do_i_need_to_include_a_tag_memo_comment_when\\\/\",\"created_at\":\"2022-11-06 07:52:45\",\"icons\":[]},{\"title\":\"TON is available at ChangeNOW\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/ym6nr4\\\/ton_is_available_at_changenow\\\/\",\"created_at\":\"2022-11-04 18:35:58\",\"icons\":[]},{\"title\":\"a gentle reminder - the best way to make money in crypto is to invest $50, $100 or $200 a week into a coin\",\"author\":\"uttftytfuyt\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/ymg4gw\\\/a_gentle_reminder_the_best_way_to_make_money_in\\\/\",\"created_at\":\"2022-11-05 01:11:15\",\"icons\":[]},{\"title\":\"What the hellis a MEMO when transferring TON to my Tonkeeper wallet?\",\"author\":\"mrpotatoeman\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yksvho\\\/what_the_hellis_a_memo_when_transferring_ton_to\\\/\",\"created_at\":\"2022-11-03 05:05:32\",\"icons\":[]},{\"title\":\"Pls tell Coingecko to stop confusing innocent investors\",\"author\":\"hemiw1\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/ygl118\\\/pls_tell_coingecko_to_stop_confusing_innocent\\\/\",\"created_at\":\"2022-10-29 14:26:27\",\"icons\":[]},{\"title\":\"TON fixed staking promotion in kucoin up to 12% apr\",\"author\":\"OlympicDude\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yfblpe\\\/ton_fixed_staking_promotion_in_kucoin_up_to_12_apr\\\/\",\"created_at\":\"2022-10-28 02:44:56\",\"icons\":[]},{\"title\":\"Pavel Durov has confirmed the legitimacy of Fragment platform for Telegram usernames\",\"author\":\"thebetter0ne\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yex30u\\\/pavel_durov_has_confirmed_the_legitimacy_of\\\/\",\"created_at\":\"2022-10-27 16:53:19\",\"icons\":[]},{\"title\":\"A watershed moment for Telegram + TON: a real world use case for Toncoin\",\"author\":\"hemiw1\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TONcoin\\\/comments\\\/yex35t\\\/a_watershed_moment_for_telegram_ton_a_real_world\\\/\",\"created_at\":\"2022-10-27 16:53:27\",\"icons\":[]}]}","github":"{\"public_repos\":13,\"bio\":\"Former The Open Network home. Please use https:\\\/\\\/github.com\\\/ton-blockchain\",\"type\":\"Organization\",\"username\":\"newton-blockchain\",\"user_link\":\"https:\\\/\\\/github.com\\\/newton-blockchain\",\"created_at\":\"2020-05-14 00:00:00\"}","telegram":"{\"title\":\"The Open Network\",\"description\":\"The next gen network to unite all blockchains and the existing Internet\",\"chat_id\":\"@tonblockchain\",\"member_count\":49918}","domain":"{\"domain_rating\":71,\"ahrefs_top\":93306,\"traffic\":9581.561701159813,\"website\":\"https:\\\/\\\/ton.org\"}"},"buy_page":null,"halving_page":null}"
:fiat-currency="{"name":"United States Dollar","logo":"\/crypto-prices\/fiat-logos\/USD.svg","symbol":"USD","sign":"$","price":1}"
>