FTX has officially announced the listing of TON Coin (TONCOIN), the native token of The Open Network (TON), along with the launch of its perpetual futures trading. TON is a scalable blockchain capable of processing millions of transactions per second.
Understanding The Open Network (TON)
Originally initiated by Telegram, TON underwent significant changes after regulatory challenges. Independent developers took over the testnet, rebranding it as The Open Network (TON), now maintained by the TON Foundation. Key details:
- Rebranding: TON no longer stands for "Telegram Open Network" but represents the community-driven The Open Network.
- Development: The project continues under decentralized governance, focusing on scalability and efficiency.
According to CoinGecko, TON’s current price is $3.92.
👉 Explore TON’s latest developments
Why TON Matters
- High Throughput: Processes transactions faster than many Layer-1 blockchains.
- Community-Led: Decentralized development ensures resilience and innovation.
FAQs About TON Coin
1. Is TON affiliated with Telegram?
No. While Telegram initially developed the blockchain, TON is now an independent project managed by the TON Foundation.
2. Where can I trade TON Coin?
FTX offers TONCOIN spot and perpetual futures trading. Other exchanges may list it soon.
3. What’s TON’s use case?
TON aims to support decentralized applications (dApps) and fast, low-cost transactions.
👉 Learn how to trade TON on FTX
Key Takeaways
- TON Coin represents a shift from Telegram’s original vision to a community-powered blockchain.
- FTX’s listing signals growing institutional interest in scalable blockchains.
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