Interesting facts about $TON
the SEC Litigation
In 2019, the TON project came into conflict with the US Securities and Exchange Commission (SEC), which accused Telegram of illegal token distribution (GRAM). Due to court decisions, Telegram was forced to abandon the development of TON.
Further development of $TON
After the lawsuits, the project was handed over to the community of open source enthusiasts. Today, TON is actively developed by independent developers called The Open Network.
Integration in Telegram
Recently, Telegram officially supported TON through the TON Space wallet, which allows users to store and use cryptocurrency right in the messenger.
Own token – Toncoin
TON is powered by the Toncoin token, which is used for transactions, smart contracts and payment of fees on the network.
Decentralized services
TON supports the creation of decentralized services (DApps), including gaming platforms, payment systems and NFTs.
$TON DNS
One of the innovative features is TON DNS, which allows you to create easy-to-read wallet addresses (for example, you can use something like name.ton instead of a long address).
Eco-system support
The TON ecosystem includes numerous services, such as TON Wallet, TON Proxy (analogue of VPN) and TON Storage (decentralized data storage).