Imagine a world where you can seamlessly send and receive payments directly through your favourite messaging app. This is the ambitious goal of TON (The Open Network), a blockchain network designed to bring decentralised financial solutions to the masses. Originally developed by Telegram, a messaging giant with over 800 million users, TON has the potential to revolutionise the way we interact with money.
TON is a Layer 1 blockchain network built for fast, secure, and scalable transactions. Unlike traditional blockchains that can be slow and expensive to use, TON utilises a unique sharding technology to process transactions in parallel, significantly increasing its efficiency. This makes TON ideal for everyday financial applications, such as sending and receiving payments, or even trading cryptocurrencies.
Back in 2018, Telegram, the popular messaging app, planned a massive Initial Coin Offering (ICO) to fund its TON Blockchain project. This ICO’s pre-sale stage alone raked in an impressive $850 million, exceeding the initial target of $600 million. This surge was attributed to Telegram's strong position in the crypto community and the unique features envisioned for TON, which included decentralised storage, secure browsing, and micropayments.
With the plan to launch its own blockchain project called TON (Telegram Open Network) in 2018, Telegram secretly raised a whopping $1.7 billion from big-name investors to develop a new cryptocurrency called Gram.
However, disaster struck right before the launch. The US Securities and Exchange Commission (SEC) sued Telegram, accusing them of selling unregistered securities and struggling financially. This legal battle forced Telegram to shut down TON in 2020 and return funds to investors.
Despite SEC's accusations on the TON's initial token sale, which the commission deemed an unregistered securities offering, the story does not end there.
The TON community, recognising the potential of the technology, rallied behind the project. The codebase was forked, leading to the birth of The Open Network, a separate entity from Telegram. This relaunched TON adopted a new consensus mechanism (Proof of Stake) and a rebranded token (Toncoin). By distancing itself from the original SEC concerns, TON paved the way for its independent development.
Toncoin (TON), the cryptocurrency of the TON network, is experiencing a surge in popularity, defying the broader crypto market downturn. Over the past month, TON has skyrocketed 54%, reaching an all-time high above $7. This impressive growth is attributed to its integration within Telegram, a messaging app boasting over 800 million users.
This integration includes an advertising revenue-sharing system that exclusively pays out in TON and a program distributing TON to community members. With Telegram's massive user base and Web3-focused approach, TON is positioned for potential mass adoption, aiming to be the "crypto in every pocket."
South Korea's currency, the Won, has unexpectedly become the world's top dog for trading cryptocurrencies. This surge is being driven by a fierce competition among local exchanges offering zero-fee trading to attract users. Interestingly, South Korean investors also have a unique taste for risk, favouring smaller and more volatile altcoins over established players like Bitcoin.
This rise in Won-denominated trading highlights South Korea's complex relationship with crypto. While the country embraces innovation, it also enforces strict regulations to maintain order.
Coinone, South Korea's reputable and high-volume exchange, became the first in the country to list Toncoin (TON) back in October 2023. This significant listing allows Korean residents to trade TON directly for their national currency, the South Korean Won (KRW).
This development is a major catalyst for TON, fueling its potential within the Korean market. Coinone's established reputation and large user base present a unique opportunity for TON to gain wider adoption and recognition amongst South Korean investors. With the ease of trading TON directly for KRW, Coinone has ignited a spark of interest in the local market, propelling TON towards a potentially explosive future in South Korea.
While South Korea actively participates in the cryptocurrency market, with the Won becoming the leading fiat currency for trading, TON-KRW trading hasn't garnered significant hype. This could be due to several reasons. Firstly, TON is a relatively new player in the market compared to established cryptocurrencies like Bitcoin. Secondly, the legal battles surrounding TON's initial launch might have deterred some potential investors.
South Korea has seen major crypto scams in recent years. Do Kwon, of Terraform Labs, is accused of fraud in the collapse of Terra (LUNA), a stablecoin, which wiped out billions for investors. Similarly, executives from V Global, a crypto exchange, were convicted for stealing nearly $1.9 billion. These might have influenced potential investors’ decisions with the fear that the same situation may happen again.
However, if TON receives more attention from South Korean investors, it could lead to a surge in its popularity and adoption. South Korea boasts a large and active user base in the cryptocurrency space, known for their affinity for high-risk, volatile altcoins. TON's integration with a popular messaging app and its potential for mass adoption could resonate well with Korean investors. Additionally, listings of TON-KRW facilitate easier trading for Koreans, potentially unlocking a new wave of interest. Overall, increased focus from South Korean investors has the potential to significantly impact TON's growth and development.
Toncoin (TON) has been on a tear lately. Despite a general crypto market downturn, TON has surged over 112% in the past month, with better performance compared to giants like Bitcoin, Solana, and Ethereum. This impressive rise has propelled TON into the top 10 most valuable crypto assets.
So, what's driving this meteoric rise? TON's growth can be attributed to a number of factors, including the launch of a massive $115 million incentive program and the growing popularity of Notcoin, a Play-2-Earn (P2E) game based on the TON Blockchain. Notcoin's unique tap-to-earn mining phase has captivated millions of users, igniting a flurry of activity within the TON Blockchain ecosystem. Telegram co-founder Pavel Durov's recent hints at an IPO have also fueled the fire, sending TON prices soaring by over 26%. TON even reached a new all-time high of $7.65 in April 2024.
While TON has dipped slightly in the last 24 hours, its weekly and monthly charts remain bullish. With its strong community backing and strategic initiatives, TON appears poised for continued growth.
Toncoin's journey has been dramatic, marked by a meteoric pre-sale, a regulatory shutdown, and a determined community relaunch. Despite its turbulent past, Toncoin is experiencing a resurgence, fueled by integration with Telegram, a massive incentive program, and a popular Play-to-Earn game. With a focus on scalability and mass adoption, Toncoin presents itself as a project with high potential. However, its long-term success hinges on its ability to overcome past controversies, establish a strong ecosystem, and deliver on its ambitious goals.
Could TON be the next big thing in crypto? Only time will tell, but one thing's for sure: TON is a name to watch.
Telegram's crypto reserves surged to $1.3 billion, driving profits and offsetting challenges like CEO Pavel Durov's legal issues. Despite growth in ads and subscriptions, concerns over content moderation and debt financing linger.
WeatherlyTelegram's top crypto games, Hamster Kombat (HMSTR) and Catizen (CATI), have seen their tokens drop over 50% from peak values, echoing declines in other gaming tokens like Notcoin (NOT) and Toncoin (TON). The question now is whether they can recover or face a continued decline and possible collapse.
KikyoThe first 4000 attendees will get a free ride. Subsequently, users will enjoy 50% off their rides.
XingChiAirdrop season on The Open Network is nearly here, and developers admit that demand could get the better of the Telegram-linked network.
WenJunTelegram 迷你应用程序 TADA 推出之后推出的。该应用程序允许用户直接在 Telegram 中使用 Toncoin 或 USDt-TON 预订乘车和付款，这标志着将 Web3 技术集成到日常服务中的重要一步。
WenJunX Empire is introducing pre-market trading using custom NFT vouchers for its upcoming token, allowing players to trade these vouchers on the Getgems marketplace before the official token launch. The game offers complex gameplay and minting options, with NFT vouchers costing around $36 and a 20% royalty supporting token liquidity.
AnaisThe Open Network (TON) has surpassed 1 billion transactions, driven by its integration with Telegram and a surge in activity from the DOGS airdrop token. Despite its rapid growth and high user engagement, TON faced technical issues and network disruptions due to the intense demand from DOGS transactions.
WeatherlyTelegram CEO Pavel Durov's arrest in France, on charges including money laundering, has triggered controversy and diplomatic tension, with concerns about Western bias and implications for cryptographic policy.
Xu LinMore than four hours have passed since the last block was generated on the TON blockchain, and it is currently in a stagnant state.
WenJunPavel Durov's arrest drops Toncoin by 27%; whale activity hints at a possible rebound amid market speculation and high network activity.
Xu LinToken issuance, TON, a detailed list of recent TON financing projects that have not yet issued tokens. Golden Finance, multiple potential opportunities for profiteering.
JinseFinanceWhat applications are there on the Ton network? Who are its users?
JinseFinanceIf you pay attention to TON, currently, the TON ecosystem is pushing a dog, its name is REDO.
JinseFinanceTON, Binance, How to find potential projects in the TON ecosystem after TON lands on Binance? Golden Finance, the entire open league is like a hero meeting of the TON ecosystem.
JinseFinanceThe TON ecosystem is still in its early stages. Although it has great potential, projects in the TON ecosystem may not have enough opportunities for larger funds.
JinseFinanceCurrently, there are some barriers to learning TON official documents, so I try to sort out a series of articles about the development of the TON Chain project based on my own learning trajectory, hoping to help everyone quickly get started with TON DApp.
JinseFinanceGolden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.
JinseFinanceNotcoin is a popular clicker game on Telegram based on the TON blockchain, whose appeal lies in simple game mechanics and the promise of actual cryptocurrency rewards.
JinseFinanceTelegram users can now buy and sell cryptocurrencies without leaving the app. The Open Network (TON) is a fully decentralized Layer 1 blockchain designed by Telegram to onboard billions of users
M6 LabsThe TON blockchain has always been proof-of-stake, while the mining of toncoin began “spontaneously and randomly” in 2020, according to the TON Foundation.
Cointelegraph