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Toncoin

TON PoS Layer 1 FTX Bankruptcy Estate
$1.35
+1.86% (24h)

Market Stats

Price
$1.35
+1.86% (24h)
Market Cap
$3.3B
Volume (24h)
$103.59M
Supply
2.46B TON
FDV
$6.98B

Shariah Analysis

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Last Screening: Q1 2024

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Risk Analysis

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Technical Analysis

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Community Sentiment

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About Toncoin

The Open Network (TON) is a decentralized and open internet platform created by the community using technology designed by Telegram. It comprises several components, including TON Blockchain, TON DNS, TON Storage, and TON Sites. The TON Blockchain acts as the core protocol, providing a highly scalable and secure framework capable of processing millions of transactions per second (TPS). It aims to achieve widespread cross-chain interoperability and supports the decentralized vision of the internet with its native cryptocurrency, Toncoin (TON). Developed by an independent community and supported by the non-profit TON Foundation, TON offers a variety of services to enhance user privacy, security, and ease of use in the decentralized ecosystem.

Consensus Mechanism

Proof of Stake