Toncoin

The principal cryptocurrency of the TON Blockchain, and in particular of its masterchain and basic workchain, is the Toncoin

Ticker TONCOIN
...

while PoW givers are not dry

and earn coins

and get your revenues

Wait for TON Storage, TON Sites, TON DNS

to join them and earn coins

Use decentralized Bridge to transfer Toncoins between networks

  • Wrapped TONCOIN in Ethereum
    0x582d872a1b094fc48f5de31d3b73f2d9be47def1
  • Wrapped TONCOIN in Binance Smart Chain
    0x76A797A59Ba2C17726896976B7B3747BfD1d220f
1 TONCOIN Wrapped
=
1 Toncoin Native

Usecases for Toncoin

As the ecosystem expands, we see a huge potential of Toncoin and numerous ways for it to work in the new economy. We expect it to go beyond a means of payment.

  • Commission («gas») paid for processing transactions and smart contracts
  • Cross-chain transactions commission in The Open Network
  • Payment for services provided by apps built on the platform (TON Services)
  • Payment for storing data securely in a decentralized way (TON Storage)
  • Payment for registering blockchain-based domain names (TON DNS) and hosting TON-sites (TON WWW)
  • Payment for TON Proxy
  • Payment for creating extra currencies
  • Payment for creating new workchains
  • Stakes deposited by validators to be eligible to validate transactions and generate new blocks and coins
  • Capital lent out to validators in exchange for a share of their reward
  • Voting power required to support or oppose changes in the parameters of the protocol
1
When testnet2 later renamed as Mainnet was launched, 5bn coins were generated with a small fraction (1.45% of the total supply) distributed between testers and developers.
2
After the court ruling prohibiting Gram, the Telegram team gave up TON blockchain development with the most part of testnet2 coins (98.55% of the total supply) transferred to Proof-of-Work Giver smart contracts. So, mining coins is only possible through calling these smart contracts which takes a solid computation capacity.
3
At the point when testnet2 was renamed as Mainnet coins had already been organically distributed between a large number of various users. The price was determined by the cost of mining hardware.

Toncoin Factsheet

Distribution of Toncoins reminds the way coins were organically distributed in early days of the Bitcoin network. In other words, no ICOs or airdrops took place.

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Total coin supply
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Total account number
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Total validators' stake
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PoW Givers' holdings
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TON Foundation holdings

The annual inflation rate derived from the fundamental parameters of TON is 0.6%. This inflation represents a payment made by all members of the community to the validators for keeping the system functional.