What is Toncoin (TON)?
Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized layer-1 blockchain originally developed by Telegram in 2018. After Telegram abandoned the project, the TON Foundation took over its development, rebranding it from "Telegram Open Network" to "The Open Network."
Key Features:
- Community-Driven Development: Maintained by independent enthusiasts since 2020
- Proof-of-Stake (PoS) Consensus: Ensures scalability and eco-friendly operations
- High-Speed Transactions: Holds a record of 55,000 TPS with potential for millions
- Versatile Ecosystem: Includes decentralized storage, DNS, VPN services, and dApp support
👉 Discover how Toncoin compares to other top cryptocurrencies
Who Created Toncoin?
Toncoin was initially developed by:
- Nikolai Durov and Pavel Durov (Telegram founders)
- Later adopted by TON Foundation (Anatoliy Makosov & Kirill Emelianenko)
Historical Context:
- Originally planned as "Gram" token
- SEC halted development in 2020 due to securities classification
- Evolved into community-owned open-source project
What Makes Toncoin Unique?
Technical Advantages:
- Sharding Architecture: Enables parallel processing across subnetworks
Multi-Chain Structure:
- Mainchain
- Workchains
- Shardchains
Comprehensive Services:
- TON Wallet (custodial/non-custodial options)
- TON Storage (encrypted decentralized storage)
- TON Proxy (decentralized VPN)
- TON DNS (user-friendly website addressing)
Toncoin Supply Metrics
| Metric | Value |
|---|---|
| Circulating Supply | 12.2B TON |
| Max Supply | 50B TON |
| Current Market Cap | $6.90B |
| Rank | #27 (CMC) |
Toncoin Security
- PoS Consensus: Energy-efficient validation
- Decentralized Governance: Community-driven upgrades
- Multi-Layer Protection: Combines cryptographic security with shard isolation
Where to Buy Toncoin (TON)?
TON is available on major exchanges including:
- OKX
- KuCoin
- Huobi Global
- Gate.io
- Uniswap V3
👉 Learn the best strategies for trading Toncoin
Toncoin Price History
| Milestone | Price | Date |
|---|---|---|
| All-Time High | $5.84 | 2021-11-12 |
| Current Price | $2.79 | 2025-07-04 |
| All-Time Low | $0.39 | 2020-07-26 |
Is Toncoin a Good Investment?
Pros:
- Established ecosystem with real-world utilities
- Strong community backing
- High transaction throughput
Cons:
- Regulatory history with SEC
- Competition from established layer-1 blockchains
Always conduct your own research (DYOR) before investing.
FAQ Section
Q: How does Toncoin achieve high transaction speeds?
A: Through its unique sharding architecture that processes transactions in parallel across multiple subnetworks.
Q: What's the difference between TON and Gram?
A: Gram was Telegram's original token concept, while TON is the community-developed evolution after regulatory challenges.
Q: Can I stake Toncoin?
A: Yes, TON uses PoS consensus allowing users to stake tokens and earn rewards.
Q: What wallets support TON?
A: Official TON Wallet, Trust Wallet, and Ledger (via third-party apps).
Q: How is TON's supply distributed?
A: Through community governance, with gradual release schedules to prevent inflation.
Q: What makes TON environmentally friendly?
A: Its PoS system consumes significantly less energy than proof-of-work blockchains.