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Information about Toncoin (TON)
Toncoin (TON) is a decentralized layer-1 blockchain developed in 2018 by messaging platform Telegram. The project was later abandoned, taken over by the TON Foundation, and renamed from “Telegram Open Network” to “The Open Network”.
Project developers want to build an ecosystem: decentralized hosting, decentralized services, domain name system (DNS equivalent), anonymous network, instant payment platform, and transaction processing Fast translation at a low price.
The Open Network (TON) is a fast, secure and scalable blockchain project capable of handling up to millions of transactions per second (TPS), at the same time, friendly to both users and service providers.
TON is a native token, designed to power the ecosystem. TON is used to:
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News
TON trading volume is $39.14m. Market capitalization reaches $8.99b.
TON Space now enables users to pay gas fees using Telegram Stars, eliminating the need for Toncoin and enhancing transaction ease within the Telegram ecosystem.
This expanded accessibility may significantly boost adoption of the TON blockchain as it seamlessly integrates with the massive Telegram user base.
The price of Toncoin surged over 6% to 3.47 USD following Pavel Durov’s exit from France. This gain is a relief after the cryptocurrency faced a severe decline after his arrest in August 2024, leading to a loss of over 35%.
In recent times, Toncoin has rallied by approximately 18% in just 24 hours and 13% over the past week. Users on Telegram perceive Durov’s release as a favorable outcome for the ongoing discourse on freedom of speech.
TON trading volume is $13.58m. Market capitalization reaches $7.28b.
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