#TONRally
### **1. Overview of Toncoin (TON)**
- **Origin**: Initially developed by the Telegram team (2018), but later split into an independent open-source project due to legal disputes with the SEC (U.S. Securities and Exchange Commission).
- **Objective**: To build a high-speed blockchain with low fees, supporting DeFi applications, NFTs, and global payments.
- **Technical Features**:
- Consensus Mechanism: **Proof-of-Stake (PoS)**.
- Speed: Processes ~100,000 transactions/second (according to specifications).
- Transaction Fees: Extremely low (under $0.01).
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### **2. Current Situation (7/2024)**
- **Price and Market Capitalization**:
- Price: **~$2.1 USD** (fluctuates with the market).
- Market Capitalization: ~$7 billion USD, ranked **top 20** on CoinMarketCap.
- Circulating Supply: ~3.4 billion TON (maximum total supply: 5 billion TON).
- **Price Fluctuation**:
- Strong growth since late 2023 due to technology improvements and collaboration with Telegram.
- Under pressure for correction in Q2/2024 due to crypto market volatility.
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### **3. Significant Updates**
- **Collaboration with Telegram**:
- Telegram integrates the TON wallet into the app, allowing users to send/receive TON as a payment method.
- Launch of **Telegram Stars** (in-app payment system) supporting TON.
- **Ecosystem Expansion**:
- DeFi: Projects like **TON Swap**, **Ston.fi** (DEX) are thriving.
- NFT: Marketplace **Getgems** attracts the community.
- GameFi: Blockchain game project **TonPlay** receives investment.
- **Technology Upgrades**:
- Launch of **TON Storage** (decentralized storage) and **TON Proxy** (transaction anonymity).
- Improved interoperability with Ethereum through a bridge.
