BTSE is pleased to bring Toncoin (TON) onto its platform on December 20, 2022, adding to the selection of quality digital assets available to its users. Additionally, TON will be listed on BTSE’s wider ecosystem of 10+ white-label crypto exchanges, enabling better liquidity and pricing. Post-listing, more users around the world will be able to buy and trade TON tokens. Toncoin has a market cap of over US$2.9 billion, ranking it #22 on CoinMarketCap.
About Toncoin (TON)
The TON token is a digital asset that is used on The Open Network (TON), a decentralized platform for hosting a range of services, from messaging and file storage to payments and decentralized apps. The TON network was initially designed by Telegram, the popular messaging app, as a way to provide users with a more secure and decentralized alternative to existing services. A vibrant open-source community known as the TON Foundation continued with the development of TON when Telegram was forced to cease active development in this project in 2020.
One of the key features of TON is its high speed and scalability. The network is designed to be able to handle millions of transactions per second, making it one of the fastest blockchain networks in the world. This speed and scalability are made possible by TON’s unique architecture, which uses a combination of sharding and off-chain computation to achieve near-instant transaction speeds.
What can TON do?
Its native token, TON, is used to facilitate transactions and access services on the network. The token can be used for various purposes, including paying for transactions, staking to help secure the network, and participating in decentralized finance (DeFi) applications.
In April 2022, it was revealed that Telegram planned to offer peer-to-peer crypto payments on its messaging app, using Toncoin. With over 700 million monthly active users worldwide, Telegram has the potential to facilitate trillions of dollars in transactions every year.
Later on December 6, 2022, Telegram announced that users can purchase an anonymous phone number (without a SIM card) on its founder’s Fragment blockchain using TON tokens. The price of TON has rallied more than 30% since the release of the official announcement.
Overall, the TON token and the TON network offer a number of exciting features and benefits to users. With its high speed and scalability, energy efficiency, and support for a range of services, TON is positioning itself as a leading player in the world of decentralized technology.
TON currently has a circulating supply of around 1.4 billion tokens out of 5 billion and is trading at $2.43 as of December 20, 2022.
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