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The TON Believers fund will freeze depositors’ coins for two years, after which TON deposits will be vested monthly with rewards for a further three years. 
The Open Network community has locked up nearly 25% of the Toncoin (<a href="https://crypto.news/price/toncoin/" data-type="link" data-id="https://crypto.news/price/toncoin/">TON</a>) supply for five years to “bring predictability to Toncoin tokenomics.” 
In a <a href="https://t.me/toncoin/1035" target="_blank" rel="noreferrer noopener">Telegram post</a> on Oct. 23, TON Community said that 1.3 billion TONs (valued nearly $3 billion) <a href="https://tonscan.org/locker/EQDtFpEwcFAEcRe5mLVh2N6C0x-_hJEM7W61_JLnSF74p4q2" target="_blank" rel="noreferrer noopener">have been put</a> in the Locker smart contract. 
<blockquote class="wp-block-quote"> 
 “The result demonstrates the long-term commitment many contributors have to the Toncoin project.” <cite>TON Community</cite>
</blockquote> 
<h2 class="wp-block-heading" id="what-is-ton-believers-fund">What is TON Believers fund</h2> 
Supported by the TON Foundation, the TON Believers Fund is a non-profit initiative launched in July 2023 as a smart contract on the TON blockchain. 
The idea behind the fund is that early-stage large investors and inactive early miners <a href="https://blog.ton.cat/locker/" target="_blank" rel="noreferrer noopener">voluntarily lock their TON coins</a> for two years, with an additional three years remaining for vesting, a process of gradual release of tokens over a specific period. 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="323" src="https://crypto.news/app/uploads/2023/10/has9dhoaisjd-1024x323.png" alt="TON locks up 25% of token supply to make tokenomics predictable - 15" class="wp-image-14207578">
 <figcaption class="wp-element-caption">
 Locker wallet address | TON Explorer
 </figcaption>
</figure> 
With coins being locked up for five years, the TON ecosystem reduces the circulating supply to support TON’s price performance. To incentivize participants, the Locker contract will distribute a 7% reward similar in its mechanics to staking between depositors. 
The TON Foundation wrote on a <a href="https://ton.vote/EQCb8dxevgHhBnsTodJKXaCrafplHzAHf1V2Adj0GVlhA5xI/proposal/EQAiqphPtZ2jLyzqrcfVrhBZfarghWKpkt0fSfALsqRbofQ7" target="_blank" rel="noreferrer noopener">proposal page</a> that the initiative might eventually bring certainty to Toncoin tokenomics and demonstrate the commitment of large holders to the community. Amid the news, TON price jumped by almost 4%, surging up to $2.2, according to <a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="noreferrer noopener">data</a> from CoinMarketCap. 
 Read more: <a href="https://crypto.news/blockchain-com-and-ton-foundation-introduce-toncoin-incentive-program/"> Blockchain.com and TON Foundation introduce Toncoin incentive program </a>

TON locks up 25% of token supply to make tokenomics predictable

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