Toncoin

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<div class="cryptonews">
 <p class="is-style-lead">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.</p>
 <p>The Open Network community has locked up nearly 25% of the Toncoin (TON) <a rel="noopener noreferrer nofollow" title="supply" href="https://thebittimes.com/tag/supply.html">supply</a> for five years to “bring predictability to Toncoin <a rel="noopener noreferrer nofollow" title="tokenomics" href="https://thebittimes.com/tag/tokenomics.html">tokenomics</a>.”</p>
 <p>In a Telegram post on Oct. 23, TON Community said that 1.3 billion TONs (valued nearly $3 billion) have been put in the Locker smart contract.</p>
 <blockquote class="wp-block-quote">
  <p>“The result demonstrates the long-term commitment many contributors have to the Toncoin project.”</p> <cite>TON Community</cite>
 </blockquote>
 <h2 class="wp-block-heading" id="what-is-ton-believers-fund">What is TON Believers fund</h2>
 <p>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.</p>
 <p>The idea behind the fund is that early-stage large investors and inactive early miners voluntarily lock their TON coins for two years, with an additional three years remaining for vesting, a process of gradual release of tokens over a specific period.</p>
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   <img decoding="async" width="1024" height="323" src="https://cdn.thebittimes.com/images/2023/10/24/b52d76021ab8d968a2124d84e09c4079.webp" alt="TON locks up 25% of token supply to make tokenomics predictable - 1"> 
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  <figcaption class="wp-element-caption">
   Locker wallet address | TON Explorer
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 <p>With coins being locked up for five years, the TON ecosystem reduces the circulating <a rel="noopener noreferrer nofollow" title="supply" href="https://thebittimes.com/tag/supply.html">supply</a> 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.</p>
 <p>The TON Foundation wrote on a proposal page that the initiative might eventually bring certainty to Toncoin <a rel="noopener noreferrer nofollow" title="tokenomics" href="https://thebittimes.com/tag/tokenomics.html">tokenomics</a> 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 data from CoinMarketCap.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Blockchain.com and TON Foundation introduce Toncoin incentive program
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ton-locks-up-25-of-token-supply-to-make-tokenomics-predictable-tbt67542.html">https://thebittimes.com/ton-locks-up-25-of-token-supply-to-make-tokenomics-predictable-tbt67542.html</a></p>

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

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