TON - The open network seeks to be a secure, fast, and scalable blockchain project that can handle numerous transactions every second. The blockchain-based ecosystem of TON aims to produce genuine Web3 internet with the anonymous network, decentralized storage, instant payments, and numerous other decentralized services. 

According to the whitepaper, TON seeks to be a flexible multi-blockchain platform that can process millions of transactions every second with smart contracts, multi-cryptocurrency value allocation, upgradable blockchain specifications, and influencing micropayment mediums. The platform was formed with an intention to provide fast transactions, seeking to make it inexpensive, user-friendly, and exclusively operational. 

In addition, the TON aims to offer a versatile forum for third-party services. It seeks to allow user-friendly interfaces for smart contracts, decentralized apps (DApps), and decentralized browsing experiences. The platform also aims to present a browsable registry of decentralized applications and services. Another platform feature that the TON offers is TON payments, which seeks to provide a platform to the users for micropayments. Safeguards assembled within the system aim to guarantee secure transactions. Moreover, TON seeks to enable quick incorporation with third-party social networking applications and messaging, making the blockchain technologies accessible to common users. 

The platform also has a TON proxy feature that assists in creating decentralized VPN services and TON alternatives based on blockchain, aiming to obtain anonymity and protect online privacy. 

The token with the symbol TONCOIN is the native currency of the platform. The token can be employed for transaction fees, storage payments, and gas fees. Users can use TONCOIN tokens to pay for the services offered by apps created on the TON platform. Also, it is used to pay for creating an extra number of currencies and new work chains. The token also has the voting power needed to support amendments in the protocol’s parameters. 

TON was created by the Durov brothers, the Telegram Messenger founders, in 2018. It was thereafter handed over to the open TON community, which has continued to support and develop it since then.

The maximum total supply of TONCOIN tokens is five billion tokens.

We update our Toncoin to GBP currency in real-time. Get the live price of Toncoin on Coinbase.

The current market cap of Toncoin is £2.315B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Toncoin is £6.22. This all-time high is highest price paid for Toncoin since it was launched.

Over the last 24 hours, the trading volume of Toncoin is £60.469M.

Assets that have a similar market cap to Toncoin include World Liberty Financial, Cronos, MemeCore, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Toncoin is 2.5 billion.

Toncoin ranks 344 among tradable assets on Coinbase. Popularity is currently based on relative market cap.