Toncoin /TON

What is TONCOIN (TON)?

TONCOIN (TON) is a native cryptocurrency of the layer-1 decentralized blockchain network, The Open Network (TON), is open source and supported by many other networks.

In 2017, the Telegram team developed a codebase for the blockchain network “Telegram Open Network”, with the native currency “Gram”.Telegram founder and CEO Pavel Durov announced that the company ceased its involvement with the TON Blockchain after a court ruling by the SEC. As a result, the Gram token was never launched.

Since 2020, a group of independent developers and blockchain enthusiasts has continued to work on the technology behind TON. The most notable supporter is the non-profit TON Foundation. The project was rebranded from "Telegram Open Network" to "The Open Network," with Toncoin becoming its native cryptocurrency. The whitepaper includes some original code created by Dr. Nikolai Durov, who is co-founder Pavel Durov's brother. 

TON is a multichain network (TON network, Ethereum, and Binance Smart Chain) designed to support the creation of dApps and smart contracts using a proof-of-stake (PoS) mechanism, allowing validators to vote on network configuration changes and software upgrades. Its design incorporates sharding, where each shard has a separate database server to distribute the load, ensuring scalability. The blockchain is engineered to automatically split and merge, allowing transaction volume to remain independent of block speed.

Applications of TONCOIN:

• TON proxy: A network proxy designed for the TON crypto network, it allows users to connect to the network keeping their identity hidden, similar to how I2P and Tor work. This helps in creating decentralized VPNs and other services, making it difficult to track transactions. As of September 30, 2022, TON Proxy is compatible with HTTP Proxy.
• TON DNS: Domain name “.ton” similar to other cryptocurrency domain names was launched on June 30, 2022, this program enables smart contracts, services, and network nodes. It helps to simplify the process of accessing decentralized applications by using short domain names instead of long strings of alphanumeric characters.
• TON Storage: On December 31, 2022, a decentralized file storage system was introduced to store and exchange large amounts of data on the TON blockchain eliminating centralized web service accessible through the TON P2P Network.
• TON Payments: Launched On June 30, 2022, for making instant off-chain value transfers between users, bots, and other services using a secured embedded system of secure on-chain transactions.

How Does TONCOIN(TON) Work?

Toncoin uses a proof-of-stake (PoS) consensus model to ensure the network is both scalable and reliable. It uses a multiple-blockchain network consisting of multiple work chains and master chains to achieve scalability, security, and flexibility. The validator elections, protocol changes, and configuration of work chains are controlled by the master chain. 

Workchains in the TON network are separate blockchains that can operate independently, each handling its transactions. They can be tailored for various applications and specific use cases, allowing for greater flexibility and efficiency within the TON ecosystem. This customization enables developers to create solutions that meet the unique needs of their projects.

A key aspect of TON’s architecture is its "dynamic sharding," which involves dividing the blockchain into smaller segments. This allows different groups of nodes to store and validate only a portion of the data. TON claims this enables the network to potentially handle millions of transactions per second, effectively making it a network of interconnected blockchains rather than just a single blockchain.

TONCOIN (TON) Price History:

• Toncoin was originally launched on the test network part of the Telegram Open Network in November 2019, the launch price of Toncoin is $0.10, and is further listed on Bitfinex in July 2022 for a price of $0.50.

• TON recorded an all-time high price of $8.24 on Jan 15, 2024, and since then the asset has never neared the ATH value.

• TON/ Toncoin price's all-time low was $ 0.28 on Sep 3, 2024.

• The total supply of TON coins was approximately 5.1 billion as of 2024.

TONCOIN (TON) Price Prediction: 

• According to Coinpedia, TON price prediction in 2025 is expected to vary between a potential low of $7.26 and a high of $16.65, an average value of $12.95.

• In 2026, the TON coin price ranges between $13.59 to $22.08, and the average cost is projected to be $17.83.

• In 2027, the Toncoin price could span from $17.55 to $28.84, with an average of $23.19.

• By 2028, the TON or Toncoin price would fall between $24.69 and $34.19, the average cost is expected to be about $29.44.

• The average TON price is estimated at around $35.42, with a potential low of $30.21 and a high of $40.63 by 2029.

• TON's price prediction in 2030 indicates an average price of $41.38. The asset may vary between a potential low of $35.99 and a high of $46.77. 

Where Can I Buy TON coins?

• Centralized Exchanges: About 40+ exchanges swap TON cryptocurrencies on top popular exchanges like Binance, Bybit, OKX, HTX, Bitfinex, KuCoin, Bitget, and MEXC.
• Decentralized Exchanges: Among 21+ decentralized exchanges, STON.Fi, DeDust, Pancakeswap, and Uniswap are top Dexs supporting Toncoin for facilitating high-frequency trades, low transaction fees, and seamless integration with other blockchains.

How Do I Store TON coins?

Toncoins can be stored in the top most popular TON coin wallets including Tonkeeper, Tonhub, Open mask, Binance chain wallet, TON wallet, Trust wallet, and Metamask.