How do you feel about Toncoin today?

Today's TON price

The 24-hour trading volume is $446.98M. The latest TON price is $2.983, based on the most up-to-date USD market data. Toncoin is +1.15% in the last 24 hours with a circulating supply of 2.47B.

TON price history (USD)

What is Toncoin?

Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a decentralized, layer-1 blockchain. The TON blockchain is open-source and actively maintained by a wide network of contributors, including the Switzerland-based non-profit TON Foundation. The origins of TON trace back to 2017, when the Telegram team began developing a blockchain platform originally called Telegram Open Network, with a native token named Gram. However, in May 2020, Telegram's founder and CEO Pavel Durov announced the company's withdrawal from the project following a U.S. court order initiated by the SEC. As a result, the Gram token was never officially launched. Since then, an independent community of developers and blockchain enthusiasts has taken over the project. Leading the effort is the TON Foundation, which has rebranded the blockchain to The Open Network, with Toncoin now serving as its native cryptocurrency. The network’s whitepaper still includes portions of the original codebase written by Dr. Nikolai Durov, co-founder of Telegram and brother of Pavel Durov. TON uses a proof-of-stake (PoS) consensus mechanism to ensure scalability and network stability. Looking forward, the TON Foundation aims to empower 500 million users by 2028 to control their digital identity, data, and assets—by fostering a Web3 ecosystem within Telegram Messenger.

Toncoin resources