What is Toncoin (TON)?
Telegram Open Network, or TON for short, was created by Nikolai and Pavel Durov in 2018 in order to attract Telegram users to blockchain. However, Telegram had to end their involvement in the project due to legal issues.
In May 2020, TON, now known as “The Open Network” was relaunched as an open-source project run by its community. It has since then evolved into a thriving ecosystem of blockchain applications, offering a wide range of crypto-related services.
Toncoin, TON’s native currency, is used for running transactions on the network, accessing TON-based applications, acquiring domain names and much more. It also serves as a governance that holders use to vote on the direction of the project.
Why buy Toncoin (TON)?
TON blockchain is built to rival the likes of Solana in terms of its performance. It offers some of the best transaction speeds and scalability on the market, which makes Toncoin transactions very fast while keeping the fees low.
TON also boasts a quickly evolving ecosystem, offering crypto storage, trading, staking and even gaming. With its active and enthusiastic community, many expect TON to keep growing in the years to come.
