Hello! You are asking about the cryptocurrency Toncoin (TON). Here is a summary of what you need to know:
What is Toncoin?
Toncoin is the native cryptocurrency of The Open Network (TON), a decentralized layer 1 blockchain.
It was originally developed by the Telegram team (as Telegram Open Network), but later became an open-source project and is now managed by the TON Foundation.
Its goal is to create a complete ecosystem with services such as decentralized storage, DNS, and a payment infrastructure for anyone to build and launch decentralized applications (dApps).
What is Toncoin (TON) used for?
Payments: It is used for transactions within the TON ecosystem, including peer-to-peer payments.
Network fees: It is needed to pay the fees for processing transactions and executing smart contracts on the TON network.
Staking: Users can lock their TON tokens to help secure the network and earn rewards.
Governance: TON holders can participate in decision-making about the future of the network by voting on proposals.
Execution of smart contracts: It facilitates the operation of dApps built on the TON blockchain.
Incentives: It is used to reward developers and users for their contributions to the ecosystem.
Services: It is used as payment for services and applications within the TON network, including blockchain-based domain names (DNS).
Current status (approximately):
Price: Around $3.12 - $3.20 USD (varies by source and exact timing).
Market capitalization: Around $7.9 billion USD.
Circulating supply: Approximately 2.51 billion TON.
Key points:
Speed and low fees: The TON network is designed to be fast and have transaction fees significantly lower than other blockchains.
