TON
TON

Toncoin price

$4.8750
-$0.00400
(-0.09%)
Price change from 00:00 UTC until now
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Toncoin market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$12.39B
Circulating supply
2,544,087,052 TON
Market cap ranking
9
24h high
$4.9600
24h low
$4.8430
All-time high
$8.2880

Toncoin price performance in USD

The current price of Toncoin is $4.8680. Since 00:00 UTC, Toncoin has decreased by -0.08%. It currently has a circulating supply of 2,544,087,052 TON and a maximum supply of 5,114,399,876 TON, giving it a fully diluted market cap of $12.39B. At present, Toncoin holds the 9 position in market cap rankings. The Toncoin/USD price is updated in real-time.
Today
-$0.00400
-0.09%
7 days
-$0.04700
-0.96%
30 days
-$0.44200
-8.33%
3 months
-$0.40200
-7.63%

About Toncoin (TON)

4.4/5
CyberScope
4.4
11/02/2024
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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The Open Network, also known as TON, is a scalable multi-blockchain network that can process millions of transactions per second. Toncoin (TON) is the name and ticker symbol of The Open Network’s native utility and governance token.

Existing blockchains sometimes lack scalability and user-friendly interfaces. Meanwhile, blockchains can’t communicate with each other directly. The Open Network aims to solve these problems using its multi-blockchain architecture.

The TON blockchain is a collection of blockchains that consists of a masterchain, up to 232 workchains, and up to 260 shardchains. TON’s masterchain is the principal blockchain with all the information about the protocol. On the other hand, workchains are blockchains that handle smart contract transactions. These workchains are further subdivided into shards.

Through these shards, TON transfers messages instantly between any two blockchains, regardless of the network size, achieving massive scalability at speed. What’s more, to combat security issues and maintain decentralization, TON uses Proof of Stake (PoS) consensus and allows validators to add new blocks while avoiding unnecessary forks.

The TON ecosystem consists of blockchain products such as decentralized storage, a blockchain naming system, a micropayment platform, and other decentralized services. TONCOIN has several use cases in this ecosystem, such as earning validator and liquidity farming rewards, voting for protocol proposals, and paying for TON products.

TON price and tokenomics

Toncoin (TON) has a total supply of 5 billion. Of the total supply, 1.45 percent was distributed between testers and developers. The remaining 98.55 percent was transferred to Proof of Work (PoW) Giver smart contracts.

New Toncoin tokens are generated during block validation. As a result, Toncoin is inflationary, impacting its price in the long run. The annual inflation rate is 0.6 percent, calculated according to payments made by the TON community to the validators.

TON reached an all-time high price of $8.28 on June 14, 2024, with a market cap of more than $16.5 million.

TON: how is it different from Toncoin?

It’s helpful to understand the difference between TON the token and the TON ecosystem, as each shares the same name.

Toncoin, with the ticker TON, is the cryptocurrency that powers the TON ecosystem, which is short for The Open Network. The Open Network — also abbreviated to TON, refers to the underlying blockchain infrastructure and network. Toncoin (TON) is the native currency for transactions, staking, and governance within the same ecosystem.

Toncoin’s recent developments

Year 2024 brought numerous milestones to Toncoin. In March, the project announced the launch of The Open League, a community rewards initiative that grants millions of TON tokens to projects and users in the TON ecosystem. The Open League and its token distribution program aims to support the community’s continued growth by “putting crypto in every pocket”, according to Toncoin.

Meanwhile, the TON token’s price spiked by 50% in the month to date during May 2024, partly fueled by anticipation for the launch of Notcoin, a play-to-earn game. Notcoin’s native token, NOT, is built on the TON blockchain.

Soon after, crypto commentators suggested TON prices could hit new highs as excitement grew towards a Token Generation Event for Hamster Kombat, a Telegram clicker game that’s also built on the Ton blockchain. Also contributing to the positive sentiment were suggestions that the Ton wallet would potentially be integrated with the game platform.

The continued growth of the Toncoin ecosystem has been reflected in noteworthy growth for the blockchain’s total value locked, which surpassed $300 million during May 2024.

About the founders

The Open Network (TON) was initially launched as Telegram Open Network by Telegram founders Pavel and Nikolai Durov in 2019. However, Telegram Open Network was closed during mid-2020 following a regulatory ruling in the U.S.

Independent developers Anatoliy Makosov and Kirill Emelyanenko created The Open Network after Telegram stepped away from the project.

The decentralized community now consists of over 40 independent developers who work on the project as a part of TON Foundation, a not-for-profit community funded by donations.

The project is currently independent of Telegram, and the Telegram team has transferred the ton.org domain and the Github repository to TON’s blockchain developers. Meanwhile, Telegram founder Pavel Durov previously endorsed The Open Network in an official Telegram post during December 2021.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 92K new posts about Toncoin, driven by 4.2K contributors, and total online engagement reached 8.4M social interactions. The sentiment score for Toncoin currently stands at 87%. Compared to all cryptocurrencies, post volume for Toncoin currently ranks at 623. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Toncoin.
Powered by LunarCrush
Posts
91,519
Contributors
4,214
Interactions
8,380,954
Sentiment
87%
Volume rank
#623

X

Posts
89,759
Interactions
8,055,157
Sentiment
88%

TON FAQ

What is The Open Network?

The Open Network (TON) is a multi-blockchain network that can process millions of transactions per second. TON has a range of blockchain services, including decentralized storage, a blockchain naming system, a network anonymizer, and a micropayment platform. Toncoin (TON) is the name and ticker symbol of The Open Network's native utility and governance token.

How does The Open Network work?

The Open Network (TON) has a multi-blockchain architecture consisting of a masterchain and up to 232 workchains. These workchains are further subdivided into up to 260 shards. The TON blockchain uses Proof of Stake consensus for generating new blocks. On the other hand, Toncoin tokens are generated using Proof of Work mining.

Where can I buy TON?

Easily buy TON tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include TON/USDT and TON/USDC.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for TON with zero fees and no price slippage by using OKX TR Convert.

How much is Toncoin worth today?
Currently, one Toncoin is worth $4.8680. For answers and insight into Toncoin's price action, you're in the right place. Explore the latest Toncoin charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Toncoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Toncoin have been created as well.
Disclaimer
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