TON

ToncoinTON

Rank #27
Coin
On 282,332 watchlists

Toncoin Price (TON)

$1.84
1.67%

0.00006796 BTC0.61%

0.0009874 ETH0.47%

Low:$1.84
High:$1.87
24h
TON  Toncoin TON
Price:
$1.8412
 1.67%
Market Cap
$2,248,832,926
1.67%
24h Volume / Market Cap
0.0047
Fully Diluted Market Cap
$9,205,955,264
1.67%
Volume
24h
$10,461,880
19.84%
CEX Vol
$10,294,855
DEX Vol
$167,024
Circulating Supply
1,221,401,181 TON
24%
Max Supply
5,000,000,000
Total Supply
5,047,558,528
Sponsored

Toncoin to USD Chart

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TON to USD Converter

TON

Toncoin

USD

United States Dollar

TON Price Statistics

Toncoin Price Today
Toncoin Price$1.8412
Price Change24h-$0.03128
1.67%
24h Low / 24h High
$1.8384 /
$1.8730
Trading Volume24h$10,461,880
19.84%
Volume / Market Cap0.004652
Market Dominance0.20%
Market Rank#27
Toncoin Market Cap
Market Cap$2,248,832,926
1.67%
Fully Diluted Market Cap$9,205,955,264
1.67%
Toncoin Price Yesterday
Yesterday's Low / High
$1.8422 /
$1.8826
Yesterday's Open / Close
$1.8608 /
$1.8675
Yesterday's Change

0.36%

Yesterday's Volume$12,750,971
Toncoin Price History
7d Low / 7d High
$1.8384 /
$1.9718
30d Low / 30d High
$1.7837 /
$2.1314
90d Low / 90d High
$1.7837 /
$2.4895
52 Week Low / 52 Week High
$0.7582 /
$2.8647
All Time High
Nov 12, 2021 (2 years ago)
$5.8373

68.46%

All Time Low
Sep 20, 2021 (2 years ago)
$0.3906

371.35%

Toncoin ROI
No Data
Toncoin Supply
Circulating Supply1,221,401,181 TON
Total Supply5,047,558,528 TON
Max Supply5,000,000,000 TON

TON to USD Converter

TON

Toncoin

USD

United States Dollar

TON Price Live Data

The live Toncoin price today is $1.84 USD with a 24-hour trading volume of $10,461,880 USD. We update our TON to USD price in real-time. Toncoin is down 1.67% in the last 24 hours. The current CoinMarketCap ranking is #27, with a live market cap of $2,248,832,926 USD. It has a circulating supply of 1,221,401,181 TON coins and a max. supply of 5,000,000,000 TON coins.

If you would like to know where to buy Toncoin at the current rate, the top cryptocurrency exchanges for trading in Toncoin stock are currently BTCEX, OKX, Bybit, Bitget, and LBank. You can find others listed on our crypto exchanges page.

What Is Toncoin (TON)?

Toncoin (TON) is a decentralized layer-1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network".

Since 2020, the technology has been developing thanks to a non-commercial group of supporters and an independent community of enthusiasts who called themselves the TON Foundation. Toncoin, formerly known as Gram, is the native cryptocurrency of the TON network.

The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability. According to the project website, the platform provides its customers with fast, transparent and secure payment services, facilitating transactions with minimal fees and third-party applications.

The developers’ mission is to build a full-fledged ecosystem with decentralized storage, decentralized services, a domain name system (DNS equivalent), an anonymous network, an instant payment platform, and affordable/fast transaction processing.

The Open Network is a community-driven blockchain with a flexible architecture and focus on serving a typical consumer. TON stands out due to the fast processing/validation of transactions per second (TPS). In September 2021, the network processed a then-world record of 55,000 TPS during a contest, although the current TPS could be in the hundreds of thousands or even millions. This feature allows the project to grow rapidly while avoiding performance losses. At the same time, the project does not harm the environment.

Who Founded Toncoin?

Originally, the blockchain platform was created by brothers Nikolai and Pavel Durov, and developed by the Telegram team. Telegram planned to launch an on-chain token called Gram and establish a platform for decentralized applications (dApps).

Gram was getting a lot of attention, which started to cause trouble. Its development was prohibited by the US Securities and Exchange Commission (SEC). Gram was considered securities, and the SEC banned the release of Gram tokens.

The Telegram team brought TON to the state of an almost full-fledged product. However, in 2020, Telegram CEO, Pavel Durov, left the project, and the development was handed over to independent crypto enthusiasts.

From the very beginning, the project was created as an open-source code so anyone could continue the development. The current network was launched and developed by Anatoliy Makosov and Kirill Emelianenko, members of the community called NewTON (later the TON Foundation).

What Makes Toncoin Unique?

TON has a multi-level structure built on the principle of sharding or segmentation ("blockchain within a blockchain"). A sharding feature involves the use of multiple subnets (shards) on the same blockchain, where each shard has a specific purpose. It allows the net to avoid the accumulation of unverified blocks and speeds up tasks. The TON network consists of the master, work and shard chains.

The developers focus on scalability, efficiency and mass adoption. Due to the well-established interaction between segments, the network provides ultra-fast transactions, verifying and processing a massive amount of TPS.

The TON network offers the following services: TON Wallets, a built-in wallet function designed to transfer funds and interact with platform services and offers two categories of wallets: custodial and non-custodial; TON Services allows developers to create various dApps while users can access third-party apps through a user-friendly interface; TON Storage offers the benefits of private encryption using the private key of the owner's wallet; TON Proxy uses all platform components and allows clients to access the TON blockchain via decentralized VPNs; TON DNS (decentralized name system) makes it possible for traditional websites to work in the TON network, allowing users to set short, readable names.

Read about Zilliqa (ZIL) and Harmony (ONE).

Follow Toncoin on CMC Community for the latest updates.

What is proof-of-stake (PoS)? Learn more with the CMC glossary.

What is Web 3.0? Find out more with CMC Alexandria.

How Many Toncoin (TON) Coins Are There in Circulation?

The TON network has its native token, Toncoin, with a circulating supply of 1.22B TON and a maximum supply of 5B TON.

Toncoin was designed to fuel the ecosystem. It can be used to build decentralized applications (dApps), act as a transaction processing fee, as a cross-chain transaction fee, and as a staking payment to secure the blockchain and services. The list of use cases also includes payment for decentralized data storage, TON DNS/TON Proxy, and other fees within decentralized services. Validator fees are also paid in TON. In addition, people can vote with TON for changes and development within TON's governance program.

How Is the Toncoin (TON) Network Secured?

The network utilizes the proof-of-stake (PoS) consensus mechanism to validate transactions. Moreover, Toncoin is used to reward validators. Nominators can also provide tokens to validators and receive rewards. Validators and nominators are managed with smart contracts, providing the network with extra protection. Smart contracts are executed using TON Virtual Machine (TVM).

Where Can You Buy Toncoin (TON)?

As of November 2022, Toncoin (TON) is listed on multiple crypto exchanges like Huobi Global, FTX, KuCoin, Uniswap (V3), Gate.io, OKX, LBank, MEXC, EXMO, CoinEx, Biswap, BitMart, Nomiswap, BitoPro, ACE, DigiFinex, Tidex, Unocoin, Bit.com, BingX, and HitBTC.

Read CoinMarketCap's in-depth guide on tokenomics.

Our most recent articles about Toncoin:

TON to USD Converter

TON

Toncoin

USD

United States Dollar

TON Price Statistics

Toncoin Price Today
Toncoin Price$1.8412
Price Change24h-$0.03128
1.67%
24h Low / 24h High
$1.8384 /
$1.8730
Trading Volume24h$10,461,880
19.84%
Volume / Market Cap0.004652
Market Dominance0.20%
Market Rank#27
Toncoin Market Cap
Market Cap$2,248,832,926
1.67%
Fully Diluted Market Cap$9,205,955,264
1.67%
Toncoin Price Yesterday
Yesterday's Low / High
$1.8422 /
$1.8826
Yesterday's Open / Close
$1.8608 /
$1.8675
Yesterday's Change

0.36%

Yesterday's Volume$12,750,971
Toncoin Price History
7d Low / 7d High
$1.8384 /
$1.9718
30d Low / 30d High
$1.7837 /
$2.1314
90d Low / 90d High
$1.7837 /
$2.4895
52 Week Low / 52 Week High
$0.7582 /
$2.8647
All Time High
Nov 12, 2021 (2 years ago)
$5.8373

68.46%

All Time Low
Sep 20, 2021 (2 years ago)
$0.3906

371.35%

Toncoin ROI
No Data
Toncoin Supply
Circulating Supply1,221,401,181 TON
Total Supply5,047,558,528 TON
Max Supply5,000,000,000 TON