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, it was rebranded from "Telegram Open Network" to "The Open Network" and taken over by the TON Foundation, a community-driven organization.
Key Features:
- Proof-of-Stake (PoS) consensus for scalability and energy efficiency
- 55,000+ TPS (Transactions Per Second) capability
- Designed for fast, low-cost payments and decentralized applications (dApps)
- Ecosystem includes: TON Wallet, TON Storage, TON DNS, and TON Proxy
👉 Discover how Toncoin compares to other top cryptocurrencies
Who Created Toncoin?
The blockchain platform was initially created by:
- Nikolai Durov and Pavel Durov (Telegram founders)
- Developed as an open-source project, allowing community continuation after Telegram's exit in 2020
- Currently maintained by TON Foundation (Anatoliy Makosov & Kirill Emelianenko)
What Makes Toncoin Unique?
TON stands out through its multi-blockchain architecture:
- Sharding Technology: Enables parallel processing across sub-chains
Three-Layer Structure:
- Masterchain (main blockchain)
- Workchains (specialized chains)
- Shardchains (segmented processing)
Ecosystem Components:
- TON Wallet (custodial & non-custodial options)
- TON Storage (decentralized file storage)
- TON DNS (domain name system)
- TON Proxy (decentralized VPN)
Toncoin Supply & Tokenomics
| Metric | Value |
|---|---|
| Circulating Supply | 2.47 Billion TON |
| Max Supply | 5 Billion TON |
| Current Price | $2.82 |
| All-Time High | $5.84 (Nov 2021) |
Toncoin Use Cases:
- Paying transaction fees
- Staking for network security
- Governance voting
- Accessing TON ecosystem services
👉 Learn where to buy Toncoin securely
Toncoin Network Security
Security Features:
- Proof-of-Stake Validation
- Dynamic Sharding prevents congestion
- Community Governance through decentralized voting
- Regular Audits by TON Foundation
Where to Buy Toncoin (TON)
TON is available on major exchanges including:
- OKX
- KuCoin
- Huobi Global
- Gate.io
- Uniswap (V3)
Toncoin Price History
| Price Milestone | Value | Date |
|---|---|---|
| All-Time High | $5.84 | Nov 12, 2021 |
| Current Price | $2.82 | July 2025 |
| All-Time Low | $0.39 | - |
Market Cap: $6.97 Billion (#27 Rank)
Is Toncoin a Good Investment?
Pros:
✅ High-speed blockchain technology
✅ Strong ecosystem development
✅ Backed by active community
Cons:
⚠️ Competitive smart contract platform space
⚠️ Regulatory history with SEC
Always conduct your own research (DYOR) before investing.
FAQ About Toncoin
What was Toncoin's original name?
Originally called "Gram" during Telegram's development phase.
How fast is TON blockchain?
Capable of processing 55,000+ TPS, with potential for millions.
Can I stake Toncoin?
Yes, TON uses PoS consensus allowing users to stake for rewards.
Where is Toncoin most popular?
Popular in Eastern Europe and Asia, with growing global adoption.
What's the future of TON?
Focus includes expanding DeFi ecosystem and developer tools.
How does TON compare to Ethereum?
TON offers faster speeds but smaller dApp ecosystem currently.