Toncoin Price Live Data
Toncoin (TON) is a widely discussed cryptocurrency known for its decentralized approach and scalability features. Its live price data reflects active market demand and trading activity on various platforms. You can monitor Toncoin's price on major crypto exchanges, both centralized (CEXs) and decentralized (DEXs), as well as on specialized data aggregators like CoinMarketCap, CoinGecko, or Dexscreener.
About Toncoin
What Is Toncoin (TON)?
Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a blockchain originally developed by Telegram. Designed for fast transactions, low fees, and robust scalability, it powers a decentralized ecosystem that includes smart contracts, decentralized storage, and more.
Who Founded Toncoin?
Toncoin was initially developed by the Telegram team, led by Pavel Durov and his brother, Nikolai Durov. However, regulatory challenges prompted Telegram to transfer the project to the TON Foundation, a community-driven organization dedicated to its development.
What Makes Toncoin Unique?
Toncoin stands out due to its high-speed blockchain architecture, low transaction fees, and versatility. The network’s multi-chain structure allows it to handle millions of transactions per second, making it suitable for mass adoption and useful DeFi products.
How Many Toncoin (TON) Coins Are There in Circulation?
Toncoin has a circulating supply of approximately 2.48 billion coins, with portions distributed through initial mining and reserved for ecosystem development. The circulating supply changes as new coins are mined or released.
How Is the Toncoin (TON) Network Secured?
The TON network operates on a proof-of-stake (PoS) consensus mechanism, ensuring network security and efficiency. Validators stake their TON coins to confirm transactions and earn rewards, reducing the likelihood of malicious activities.
What Is Toncoin Used For?
Toncoin serves multiple purposes within The Open Network, including paying for transactions, smart contract execution, and staking. It’s also used as a medium of exchange in decentralized applications (dApps) built on TON.
Where Can You Buy Toncoin (TON)?
You can purchase Toncoin as on centralised exchanges like ByBit, as on decentralised exchanges such as STON.fi or DeDust.io, or directly within Telegram using the Telegram-native Wallet. It’s advisable to use reputable platforms and ensure the secure storage of your assets.
What Is the Total Supply of Toncoin?
The total supply of Toncoin is capped at 5.12 billion coins, ensuring scarcity and supporting its market value.
What Is Toncoin Price Performance Over Time?
Since its inception, Toncoin’s price has experienced significant fluctuations influenced by market trends, technological advancements, and adoption rates. Historical data reveals both bullish peaks and bearish dips, typical of cryptocurrency markets.
For a long time, the price of 1 Toncoin fluctuated between $1 and $2. However, in 2024, TON gained significant attention, causing its price to rise above $5.
How Does the TON Network Work?
The TON network operates on a multi-chain structure, enabling seamless integration of shard chains. This architecture enhances scalability, allowing each shard to process its transactions while remaining interconnected with the main chain.
History of The Open Network and Toncoin (TON) Coin
Initially conceived in 2020 as the Telegram Open Network, the project faced regulatory challenges that led Telegram to withdraw. The TON Foundation subsequently took over and rebranded it as The Open Network. Since then, it has evolved into a fully decentralized platform supported by a global community.
What Is Toncoin Tokenomics?
Toncoin’s tokenomics are designed to incentivize validators, support ecosystem growth, and ensure fair distribution. Staking rewards, transaction fees, and governance rights form the core of its economic model.
People Also Ask: Other Questions About Toncoin
How Much Is 1 Ton (TON) Worth?
The value of 1 Toncoin fluctuates based on market conditions. For the latest price, check cryptocurrency tracking websites or exchanges. At the time of writing, the price of 1 TON is $5.57.
Is Toncoin (TON) a Good Investment?
Toncoin offers strong utility within the DeFi ecosystem. With TON, you can purchase Telegram Premium, Telegram usernames and domains, Telegram Stars, and pay for ads on Telegram’s advertising platform.
This extensive utility gives TON an advantage over many other cryptocurrencies, making it a promising long-term investment. However, like all cryptocurrencies, TON is highly volatile, and investment decisions should align with your financial goals and risk tolerance.
What Is Toncoin Price Prediction?
Market analysts and crypto enthusiasts offer diverse predictions for Toncoin’s future price. Factors such as network upgrades, partnerships, and broader market trends influence its valuation.
It's important to remember that cryptocurrency prices are highly volatile. For instance, if Pavel Durov lands in Paris and detained by french government — toncoin price drops on 10% down.
How to Stake Toncoin on The Open Network (TON)?
Staking Toncoin involves locking your tokens in a validator node to help secure the network and earn rewards. You can stake through TON-compatible wallets or staking platforms.
However, staking on TON requires a minimum of 10,000 TON, which can be restrictive for users with smaller balances. In such cases, liquid-staking protocols allow you to stake smaller amounts.
Bemo.fi is an example of a liquid-staking solution.
How to Cash Out Toncoin?
To cash out Toncoin, sell your tokens on a cryptocurrency exchange that supports TON trading pairs. You can then withdraw the proceeds to your bank account or a fiat-compatible wallet.
How to Add Toncoin to MetaMask?
Currently, MetaMask doesn't support the TON blockchain natively. However, you can use TON-compatible wallets to store and manage your Toncoin.
What Is the All-Time High Price of Ton (TON)?
The all-time high price of 1 Toncoin was $8.25 on June 15, 2024. For up-to-date historical data, refer to cryptocurrency tracking platforms or exchanges.
What Is the All-Time Low Price of Ton (TON)?
The all-time low price of Toncoin was $0.39 on September 20, 2021. You can check historical price charts on cryptocurrency tracking platforms for more details.
What Is the TON Coin Market Cap?
Toncoin’s market capitalization (market cap) is calculated by multiplying its current price by the circulating supply. It represents the total market value of the cryptocurrency.
Note: Market cap and Fully Diluted Valuation (FDV) are different metrics. While market cap considers only the circulating supply, FDV accounts for the total potential supply of the asset.
Currently, around 50% of the total Toncoin supply is in circulation, bringing the market cap to $7.54 billion, while the FDV stands at approximately $15.61 billion.
How Do I Store Ton (TON)?
Toncoin can be stored in secure wallets, including TON-compatible mobile wallets and hardware wallets. To minimize security risks, avoid keeping large amounts of TON on exchanges.
A list of trusted wallets is available on the official TON website: https://ton.org/en/wallets.
You can store TON in centralized exchange (CEX) wallets, such as Binance or OKX.
Alternatively, you can use non-custodial wallets, with Tonkeeper and MyTonWallet being the most user-friendly options.
Telegram also offers its own native wallet (@wallet), which is deeply integrated into the messenger. This allows you to store TON and other ecosystem tokens, as well as send crypto as easily as sending messages.
How Do I Convert Ton (TON) to Cash?
To convert Toncoin into cash, you can:
Trade it for a fiat currency (e.g., USD, EUR) on a cryptocurrency exchange that supports TON.
Use peer-to-peer (P2P) exchanges to find buyers and sell TON directly.
Withdraw the funds to your bank account or a fiat-supporting wallet after completing the transaction.
