Toncoin: The future of currency
It's used for transaction fees, securing the blockchain through staking, deciding how the network develops, and settling payments.
Where to buy Toncoin
You can buy Toncoin on exchanges or directly within wallets. Choose the option most convenient for you.
Buy Toncoin
The history of Toncoin
November 2019
Telegram Open Network testnet2 is launched. 5b coins are minted, with a small fraction (1.45%) distributed to developers and testers.
May 2020
After the SEC prohibited Telegram from issuing Grams to investors, Telegram ceased its work on the TON ecosystem. testnet2 tokens are placed into 20 Proof of Work Giver smart contracts.
May 2021
By majority vote of network participants, testnet2 was promoted to mainnet. Coins continue to be distributed by Proof of Work Giver contracts.
Use cases for Toncoin
As the TON ecosystem expands, Toncoin’s impact on the new economy and Web3 will become more prominent.
Commission payment for processing on-chain transactions with smart contracts
Payment for services provided by apps built on the platform
Toncoin is integral to TON's on-chain governance program
Payment for creating new workchains and extra currencies
Validators’ stakes required to maintain the blockchain
Capital lent out to nominators in exchange for a share of their rewards
Cross-chain transaction fees
Payment for blockchain-based domain names (DNS)
soon
Payment for TON Proxy
soon
Payment for decentralized data storage
soon
Toncoin factsheet
TON uses a Proof of Stake consensus algorithm. The current annual rate of inflation 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 to keep the system functional.
5.06B
Total supply
0.6% annual inflation rate
632K
Wallets on TON
4x over the last year
123M
Validator’s stake
To maintain the blockchain