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Toncoin

TON PoS Layer 1 FTX Bankruptcy Estate
$1.76
-7.27% (24h)

Market Stats

Price
$1.76
-7.27% (24h)
Market Cap
$4.8B
Volume (24h)
$315.66M
Supply
2.70B TON
FDV
$9.13B

Shariah Analysis

Yes
Project
Token
Reward

As of now, the projects run by The Open Network (TON) appear to be in accordance with Shariah principles.

Last Screening: Q3 2024

Risk Analysis

Shariah

Compliance Score

--

--

Legitimacy

Project Score

--

--

People

Team Score

--

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In-Depth Analysis
Project/Products Use Case Status
TON Blockchain The core protocol connecting TON's infrastructure to form the greater TON Ecosystem, designed as a distributed supercomputer capable of processing millions of transactions per second (TPS). Passed
Toncoin (TON) The native cryptocurrency of the TON blockchain, used for transactions, staking, and securing the network through a proof-of-stake (PoS) consensus model. Passed
TON DNS A decentralized name system that allows traditional websites to work within the TON network, providing short, readable names and translating them into TON Smart Contract Addresses. Passed
TON Storage A service offering private encryption using the owner's wallet private key, facilitating secure storage and sharing of files. Passed
TON Proxy Allows clients to access the TON blockchain via decentralized VPNs, compatible with regular HTTP proxies and browser extensions. Passed
Fragment Marketplace A platform where users can buy and sell Telegram usernames or Anonymous Numbers backed by NFTs on the TON Blockchain. Passed
No-SIM Sign-Up Allows users to sign up for Telegram Messenger using a virtual phone number as an NFT, ensuring privacy secured by the TON Blockchain. Passed
Jetton A feature for launching custom tokens on the TON blockchain, facilitating in-game economies and other use cases. Passed
Storefront Bot Enables payments in TON, allowing users to purchase in-game items using either in-game currency or TON coin. Passed
TON Virtual Machine (TVM) Executes all TON Smart Contracts, built on the stack principle for efficiency and ease of implementation. Passed
Storage Daemon A program used to download and share files within the TON network, managed via the storage-daemon-cli console program. Passed
Storage Provider A service that stores files for a fee, contributing to the decentralized storage ecosystem of TON. Passed
Tonstarter TONstarter is a TON ecosystem launchpad that helps new cryptocurrency projects raise funds through token sales, connect with stakeholders, and provides marketing and advisory support for project success. Passed
TADA mini TADA Mini is a ride-hailing app integrated into Telegram, allowing users to easily book rides from around 300,000 drivers in Southeast Asia. Its launch coincided with the Token 2049 event, highlighting its user-friendly features and global potential. Passed
Stable swap The TON Foundation is collaborating with @CurveFinance to incubate a new stable swap project on #TON. This partnership aims to simplify stablecoin trading, boost liquidity, and enhance the DeFi experience within the TON ecosystem. Passed
Note: For stable swaps involving stablecoins backed by fiat, the transactions must adhere to the principles of Bay' al-Sarf. This ensures that any exchange of currencies, including stablecoins, is conducted in compliance with Islamic financial rules governing currency exchanges.

Technical Analysis

Support & Resistance
Support 2
1.343
Support 1
1.353
Last Price
1.8192
Resistance 1
2.7208
Pivot Points
Support 2
1.6906
Support 1
1.7549
Pivot Point
1.8096
Resistance 1
1.8739
Resistance 2
1.9286
Trading Signals
42 indicators
Trend
Moving Average (Mid Term) Strong
Ichimoku Cloud Neutral
Momentum
Relative Strength Index Weak
Moving Average Convergence/ Divergence Weak
Vol & Volatility
On-Balance Volume Strong
Average True Range Strong
Signal strength 45 / 100
Moving Average (Short Term) Weak
Moving Average (Mid Term) Strong
Moving Average (Long Term) Strong
Exponential Moving Average (Short Term) Weak
Exponential Moving Average (Mid Term) Strong
Exponential Moving Average (Long Term) Strong
Bollinger Band Weak
Williams %R Neutral
Relative Vigor Index Weak
Money Flow Index Neutral
Chaikin Oscillator Weak
Aroon Strong
Klinger Oscillator Strong
Chande Kroll Stop Weak
Moving Average Convergence/ Divergence Weak
Relative Strength Index Weak
Stochastic Weakest
Parabolic SAR Weak
Average Directional Index Weak
Ichimoku Cloud Neutral
Average True Range Strong
Commodity Channel Index Neutral
On-Balance Volume Strong
Volume Weighted Average Price Neutral
Keltner Channel Neutral
Dochian Channel Neutral
Choppiness Index Neutral
Ergodic Oscillator Strong
Ease of Movement Weak
Ultimate Oscillator Neutral
Elder Force Index Strong
Connors RSI Neutral
Rate of Change Weak
Chande Momentum Oscillator Strong
Triple Exponential Average Weak
Know Sure Thing Weak
Detrended Price Oscillator Strong
Moving Average Envelope Strong
Coppock Curve Weak
Vortex Indicator Weak
Schaff Trend Cycle Weak
Elder Impulse System Weak

AI Price Prediction

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AI-generated analysis only. Not financial advice.

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