Toncoin is an open network-wide cryptocurrency and a project aimed at facilitating payments directly through the Telegram platform. TON aims to provide a convenient way for everyone to interact with cryptocurrencies.
What is Toncoin?
Toncoin (TON) is an open source network that has received a lot of attention and speculative investment over the past five years. The innovative sharding system speeds up the network with a much faster transactions per second (TPS) rate than Ethereum (ETH). While Toncoin is a big name in crypto today, its origins are puzzling. The network operated under a different name in its first two years.
TON is a Layer 1 blockchain developed in 2018 by developers at encrypted messaging company Telegram. The blockchain was originally called Gram and has seen rapid growth in 2020. As more attention was drawn to Gram, eventually the U.S. Securities and Exchange Commission (SEC) caught wind of the network and decided that Gram was a security. In response to this decision, Telegram CEO Pavel Durov left the blockchain and handed it over to an independent group of crypto enthusiasts. The name of the network was changed to “Open Network”. Developed by the TON foundation today, TON is among the top 25 cryptocurrencies by market cap and has a number of different use cases.
Who is the Founder of Toncoin?
Toncoin was originally founded as Gram by brothers Nikolai and Pavel Durov. The Telegram team was responsible for the development of the Gram network until 2020. Gram’s goal was to be a network where decentralized applications (dApps) could be built. From the beginning the project was open source. The Telegram team did most of the heavy lifting in creating the original product.
While Telegram may seem like a strange company for developing a blockchain and cryptocurrency, it actually makes quite a lot of sense. Telegram uses similar technologies as cryptocurrencies to secure the messaging app. Telegram uses end-to-end encryption to protect users from hackers and provide a higher level of privacy. Even governments cannot read messages on Telegram. This ethos is exactly in line with crypto.
Where and How to Buy TON?
In order to buy TON, it is necessary to know the exchanges where this cryptocurrency is located. You must then create an account on one of these exchanges. After creating an account and logging in, you need to load balance into your wallet. You can top up your balance by credit, debit card or bank transfer. Then you can buy the desired amount of TON. You can store purchased coins in a cold or hot wallet.
The current price of TON is as follows:
Toncoin (TON)
Which Exchanges are TON on?
Cryptocurrency exchanges where Toncoin can be purchased are as follows:
- KuCoin
- Bitfinex
- Uniswap v3 (Ethereum)
- Huobi
- OKX
- Bybit
- Gate.io
- Poloniex
- MEXC
- CoinEx
- LBank
- DigiFinex
