What Is Toncoin (TON)?
Toncoin (TON) is a decentralized Layer 1 blockchain originally developed in 2018 by Telegram, the encrypted messaging platform. After the project was discontinued, the TON Foundation took over, rebranding from "Telegram Open Network" to "The Open Network."
Powered by a community of independent enthusiasts, Toncoin (formerly known as Gram) serves as the native cryptocurrency of the TON network. The vision was to integrate TON into user-friendly applications, enabling seamless fund transfers, payments, and storage. Key features include:
- Proof-of-Stake (PoS) consensus for scalability and reliability.
- High-speed transactions (up to 55,000 TPS during stress tests).
- Eco-friendly operations with minimal fees.
- Decentralized storage, DNS-like services, and instant payments.
👉 Discover how Toncoin compares to other Layer 1 blockchains
Who Founded Toncoin?
Toncoin emerged from Telegram’s initial development but is now maintained by the TON Foundation, a decentralized community of developers and supporters.
What Makes Toncoin Unique?
- Speed & Scalability: Processes transactions faster than most blockchains.
- User-Centric Design: Focuses on everyday usability with low fees.
- Community Governance: Decisions are driven by decentralized consensus.
Circulating Supply of Toncoin (TON)
As of 2025, the circulating supply is dynamically updated. Check CoinMarketCap for real-time data.
How Is the Toncoin Network Secured?
TON uses PoS validation, where stakeholders secure the network by locking coins, reducing energy consumption compared to Proof-of-Work systems.
👉 Learn more about PoS benefits
Where Can You Buy Toncoin (TON)?
TON is available on major exchanges like:
- OKX
- Binance
- Bybit
FAQ Section
Q: Is Toncoin related to Telegram?
A: While initially developed by Telegram, Toncoin is now fully independent.
Q: What’s Toncoin’s transaction speed?
A: Capable of up to 55,000 TPS during peak tests.
Q: How eco-friendly is TON?
A: Its PoS model ensures minimal carbon footprint.