Toncoin Price (TON)

TON stands for "The Open Network." It's a decentralized platform that makes it possible to build decentralized apps, use digital currencies, and do all kinds of cool digital stuff. Basically, it's all about creating a more open and accessible space for everything crypto-related!

TON is mainly used for staking in the TON network. You can stake TON to help validate blocks and secure transactions. It's all about supporting the network and earning rewards for your participation in keeping the system running smoothly.

So, in TON, validators are picked based on how much TON they’ve staked. The more tokens you’ve got, the better your chances of getting picked to create new blocks and verify transactions. It’s all about those with the most skin in the game keeping things legit. They use the BFT algorithm to agree on the next block to add to the chain, and there are checks in place to make sure everything stays solid and secure.

Toncoin originally came from Telegram back in 2018. But after they hit a snag with the SEC over a $1.7 billion token sale that didn’t get registered, they had to rebrand it to "The Open Network."

Toncoin (TON) has a total supply of 5.11 billion tokens, with around 2.55 billion currently in circulation.

You can buy $TON directly on EXMON using your credit or debit card. If you already have some crypto, just trade it for TON on the EXMON Exchange. For a step-by-step guide, check out how to buy TON on EXMON.

Wanna know where $TON is heading? Hit up our TON Price prediction page and set your own price targets. Just a heads-up, the data you see is from the community, not EXMON’s official view.