Aimed at Web3 users, TON on Telegram is increasingly asserting its position as one of the leading Layer 1 blockchains today. Let’s explore the outstanding features that make TON the choice of the crypto community.
TON on Telegram: The Blockchain of Social Network
Overview of TON on Telegram
While TON originally appeared as a part of the far-reaching blockchain project by Telegram, it has grown into an independent platform. Independence does not mean that TON lost its connections with the popular messaging service it shared a base and infrastructure with and, most importantly, a huge user.
TON is a special chance for developers to play, experiment, and innovate on the blockchain, driven by 900 million Telegram users from all over the world. This close relationship grants TON the unique capability to seamlessly integrate Web3 technologies into the lives of everyday users through a familiar and user-friendly interface.
TON indeed did reduce the complexity of the user’s interaction with blockchain applications by leveraging Telegram’s already existing platform. First, there are those Telegram mini-apps that seem to integrate right into the messaging application. These mini-apps provide users with an easy way to various blockchain services-for example, tap-to-earn games that gained popularity in the shortest time for their simplicity and entertainment.
Read more: The Open Network Review: The Most Potential Layer 1 Today
Achievement of TON on Telegram
In February, Telegram introduced an ad-revenue-sharing model in which it pays channel owners in Toncoin, the native cryptocurrency of the TON blockchain, alone. In the program, all public-channel owners can join in with more than 1,000 subscribers and get 50% of ad revenues shown on channels.
With over 1 trillion views hosted by Telegram Channels every month, this revenue-sharing system gave rise to new ways content creators could make their money. TON blockchain acts as the financial infrastructure for Telegram, enabling the seamless movement of money within the platform. Here are some notable achievements:
- When it comes to market performance, the market capitalization of the TON blockchain stood at about $14.02 billion, while the FDV was $28.16 billion.
- Toncoin ranked 13th, according to CoinMarketCap.
- Huge adoption has been seen on the blockchain, with over 100 million cumulative accounts doing an average of 4 to 8 million transactions a day.
- TON’s total value locked reached an all-time high of $1.145 billion, currently standing at about $330 million.
- The blockchain hosts over 1,300 dApps on the field, which are deployed across a set of categories, including DEX, wallet, staking, NFT, gaming, and so on.
Speaking of what is hot for the TON blockchain, there is no doubt about the popularity of mini-app game titles on Telegram, which have somehow become a part of its brand identity with millions of users.
Lately, GameFi and meme coins on TON have drawn a lot of attention. In the season of TON in May 2024, the quantity of deployed contracts reached the incredible figure of 11.7 million, a good witness to how fast this blockchain is growing in popularity.
Read more: Top 5 Telegram Trading Bots You Should Know
Highlights of TON Blockchain
Security
TON is dedicated to ecological sustainability and high levels of security. The combination of a sort of PoS consensus engine with BFT keeps the network secure from malicious attacks.
Integration with Telegram Seamlessly
Another great advantage of TON is that it is combined with the popular Telegram messenger. Such a merger allows clients to make payments directly from the application, and such ease increases the comfort level of one performing the transaction. It also leverages Telegram’s huge user base, offering smoother file-sharing capabilities, including cloud storage.
Low Cost, Low Inflation
With its annual inflation rate set at just 0.6%, TON is very unique in terms of economic sustainability. The network further allows for low-cost transactions, which are further extended with its bridging functionality that makes the exchange between TON and other cryptocurrencies easier.
Fast and Flexible Transactions
TON’s multi-chain structure in design enables the system to feature fast block validation and high throughput of transactions by splitting them into parallel processing across many chains. This flexibility allows developers and users to take advantage of unique features that different blockchains will provide.
Broad Developer Potential
TON’s multi-blockchain opens up all-new avenues with respect to dApps. The ease with which, due to the concept of multi-blockchain, developers can make innovative apps based on many blockchains. For example, Ethereum’s smart contracts, along with TON’s fast transaction speed- mean the scope of use cases increases.
Read more: Top 10 TON Ecosystem Coins by Market Cap
What is Toncoin?
Toncoin is the native cryptocurrency of the TON blockchain and has a central role in the TON ecosystem.
Key Metrics
- Token Name: Toncoin
- Ticker: TON
- Blockchain: TON blockchain
- Contract:
- Ethereum: 0x582d872a1b094fc48f5de31d3b73f2d9be47def1
- BNB Chain: 0x76a797a59ba2c17726896976b7b3747bfd1d220f
- Token Type: Native Token
- Total Supply: 5,112,650,135 TON
- Circulating Supply: 2,535,311,157 TON
Token Allocation
Toncoin had a very different way of distribution in the early beginning, with no pre-defined share or even ratio. In the very beginning, 98.55% of the total supply was mined using a Proof of Work model and was available for early backers who participated in the testnet. The mining per day reached as high as 200,000 $TONs. Two years later, the project changed its distribution model into Proof of Stake.
Token Release Schedule
Most of the distribution of Toncoin to the community happened in the form of rewards for staking. The mining of the last TON coin using the PoW system was finished by February 28, 2022.
After that, the project fully switched to the PoS model. Nowadays, Toncoin works with an approximate annual inflation rate of 0.6%, providing a stable supply for all its stakeholders.
Use Cases
Toncoin is a vital part of the functioning and expansion of The Open Network and provides multiple applications in its ecosystem:
- Transactions Fees: Users of the TON ecosystem use Toncoin to pay for services, such as TON Services, TON Storage, TON DNS, and TON Proxy.
- Staking and Validator Rewards: Toncoin is a reward for validators who work for the security of the network.
- Governance: Owners of Toncoin have a right to participate in the self-government of the network by voting on important proposals or decisions put to a vote for changes within the network.
- Ecosystem Development: Developers are incentivized with Toncoin to create and maintain dApps in the TON network, fostering innovation and growth.
How to Buy and Store Toncoin
Currently, investors can buy Toncoin at:
- CEXs: Bybit, OKX, Bitget, Binance, Coinbase, etc.
- DEXes: Uniswap, PancakeSwap, Biswap, DeDust, etc.
Toincoin is a token with ERC-20 and BEP-20 standards, so investors can store it on wallets such as Metamask and Trust Wallet or wallets of the TON ecosystem, such as TON Wallet, Tonkeeper, and Tonhub. You can also store Toincoin on wallets of centralized exchanges where Toincoin is listed.
Read more: Overview of TON Ecosystem: Targeting Web3 Users with Huge Potential
The Connection Between Toincoin and Telegram
Telegram officially declared the TON blockchain its Web3 structure of choice in 2023, after which interest and trade in Toncoin exploded.
The messaging app also involved more crypto community engagement with the integration of the TON ecosystem after the release of the Telegram Wallet. Users can purchase $TON with credit cards directly. The new feature enables users to buy a number of digital goods, including anonymous accounts using Toncoin, and conduct advertisements within the app.
The Open Network team rolled out a number of funding and incentivization initiatives to lure decentralized application developers further ahead in spurring demand for the Toncoin. This includes an announcement of funding for community rewards of 30 million $TONs in March 2024, worth around $115 million at the time of writing.
More recently, Telegram unveiled a platform for ad sales on the service that accepts only Toncoin as payment. This novel monetization system allows channels to give out the coin as an incentive for advancing the presence of the TON ecosystem on Telegram.
Comparing TON Blockchain and Ethereum
| TON | Ethereum | |
| Transaction Speeds | TON is very well-positioned since it boasts faster transaction speeds. | Ethereum has low transaction speeds but rarely gets congested. |
| Growth Potential | TON has very serious growth potential in the near future due to its smaller market capitalization size and rapid development. Being younger, this blockchain may be positioned for more significant expansion. | Ethereum currently has a slow but steady growth rate. |
| Smart Contract Interaction | dApps on TON are just starting to develop and are not yet diverse. | Ethereum introduced the concept of smart contracts and allowed for much deeper dApps. |
| User Base and Developer Community | TON has a Telegram-based user base and is growing. | Ethereum has a sizeable and active user base plus an extensive network of developers. |
| Risk Considerations | TON is a new blockchain so there is a high level of risk. | Ethereum is proven to be more secure and less risky than TON. |
TON Roadmap
Currently, TON blockchain has been developing the following products to expand its network:
- Stablecoin Toolkit
- Jetton Bridge
- Collator and Validator Separation
- Sharding Guidelines and Tools
- Slashing Optimization
- Elector and Config Update
- Extra Currencies
- ETH, BNB, BTC Bridge
In addition, the following projects are also on the project roadmap:
- Fisherman
- Voting for Staking Pools
- Voting UI for Wallets
- Gasless Transactions
- Wallet 5.0
- Multisig 2.0
- TON Teleport
- TON Smart Contract Interfaces
- User-friendly TL-B
- TON Browser
Development Potential of TON on Telegram
Because the TON ecosystem is rapidly growing into an epicentre of innovation and user activity, it would be really close to Telegram’s extensive user base on Web 2.0. The project will bridge the gap between Web 2.0 and Web3 positions with a clear vision to let users have seamless entrance into the world of blockchain.
Despite all the setbacks, TON remained true to the initial mission of the founding document as envisioned by Telegram’s founders. With the integrations of Telegram Wallet and Telegram Mini Apps have positioned these tools as essential parts of making Telegram a “Super App,” which has taken the project back to its original goals.
Although there were very early question marks over the legality of the project, TON is now set not only to make a strong mark in the Web3 space but also to pose some serious questions for many of the major social media platforms in the Web 2.0 environment. As it continues to develop and move forward, its roadmap proposes a seriously ambitious future with an IPO pencilled in for 2026.
Conclusion
The TON blockchain was created to overcome a number of the drawbacks of current blockchain networks, including usability, speed, and scalability. If the blockchain continues to receive support from the popular messaging app with a 900 million user base, TON on Telegram may continue to gain more and more acceptance from the community.
FAQs
Which blockchain is faster, TON or Ethereum?
TON faster. TON achieved a record of 104,715 tps during a live test. Ethereum struggles with a relatively slow block time of around between 15 and 45 tps.
Can I buy Bitcoin on Telegram?
Yes. You can buy $TON on Telgram integrated wallets like @Wallet, MyTonWallet, Tonkeeper.
How many dApps does the TON blockchain have?
At the time of writing there are over 1300 dApps running on TON.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
Knowledge, Highlights
TON on Telegram: Relationships and Growth
Aimed at Web3 users, TON on Telegram is increasingly asserting its position as one of the leading Layer 1 blockchains today. Let’s explore the outstanding features that make TON the choice of the crypto community.
TON on Telegram: The Blockchain of Social Network
Overview of TON on Telegram
While TON originally appeared as a part of the far-reaching blockchain project by Telegram, it has grown into an independent platform. Independence does not mean that TON lost its connections with the popular messaging service it shared a base and infrastructure with and, most importantly, a huge user.
TON is a special chance for developers to play, experiment, and innovate on the blockchain, driven by 900 million Telegram users from all over the world. This close relationship grants TON the unique capability to seamlessly integrate Web3 technologies into the lives of everyday users through a familiar and user-friendly interface.
TON indeed did reduce the complexity of the user’s interaction with blockchain applications by leveraging Telegram’s already existing platform. First, there are those Telegram mini-apps that seem to integrate right into the messaging application. These mini-apps provide users with an easy way to various blockchain services-for example, tap-to-earn games that gained popularity in the shortest time for their simplicity and entertainment.
Read more: The Open Network Review: The Most Potential Layer 1 Today
Achievement of TON on Telegram
In February, Telegram introduced an ad-revenue-sharing model in which it pays channel owners in Toncoin, the native cryptocurrency of the TON blockchain, alone. In the program, all public-channel owners can join in with more than 1,000 subscribers and get 50% of ad revenues shown on channels.
With over 1 trillion views hosted by Telegram Channels every month, this revenue-sharing system gave rise to new ways content creators could make their money. TON blockchain acts as the financial infrastructure for Telegram, enabling the seamless movement of money within the platform. Here are some notable achievements:
- When it comes to market performance, the market capitalization of the TON blockchain stood at about $14.02 billion, while the FDV was $28.16 billion.
- Toncoin ranked 13th, according to CoinMarketCap.
- Huge adoption has been seen on the blockchain, with over 100 million cumulative accounts doing an average of 4 to 8 million transactions a day.
- TON’s total value locked reached an all-time high of $1.145 billion, currently standing at about $330 million.
- The blockchain hosts over 1,300 dApps on the field, which are deployed across a set of categories, including DEX, wallet, staking, NFT, gaming, and so on.
Speaking of what is hot for the TON blockchain, there is no doubt about the popularity of mini-app game titles on Telegram, which have somehow become a part of its brand identity with millions of users.
Lately, GameFi and meme coins on TON have drawn a lot of attention. In the season of TON in May 2024, the quantity of deployed contracts reached the incredible figure of 11.7 million, a good witness to how fast this blockchain is growing in popularity.
Read more: Top 5 Telegram Trading Bots You Should Know
Highlights of TON Blockchain
Security
TON is dedicated to ecological sustainability and high levels of security. The combination of a sort of PoS consensus engine with BFT keeps the network secure from malicious attacks.
Integration with Telegram Seamlessly
Another great advantage of TON is that it is combined with the popular Telegram messenger. Such a merger allows clients to make payments directly from the application, and such ease increases the comfort level of one performing the transaction. It also leverages Telegram’s huge user base, offering smoother file-sharing capabilities, including cloud storage.
Low Cost, Low Inflation
With its annual inflation rate set at just 0.6%, TON is very unique in terms of economic sustainability. The network further allows for low-cost transactions, which are further extended with its bridging functionality that makes the exchange between TON and other cryptocurrencies easier.
Fast and Flexible Transactions
TON’s multi-chain structure in design enables the system to feature fast block validation and high throughput of transactions by splitting them into parallel processing across many chains. This flexibility allows developers and users to take advantage of unique features that different blockchains will provide.
Broad Developer Potential
TON’s multi-blockchain opens up all-new avenues with respect to dApps. The ease with which, due to the concept of multi-blockchain, developers can make innovative apps based on many blockchains. For example, Ethereum’s smart contracts, along with TON’s fast transaction speed- mean the scope of use cases increases.
Read more: Top 10 TON Ecosystem Coins by Market Cap
What is Toncoin?
Toncoin is the native cryptocurrency of the TON blockchain and has a central role in the TON ecosystem.
Key Metrics
- Token Name: Toncoin
- Ticker: TON
- Blockchain: TON blockchain
- Contract:
- Ethereum: 0x582d872a1b094fc48f5de31d3b73f2d9be47def1
- BNB Chain: 0x76a797a59ba2c17726896976b7b3747bfd1d220f
- Token Type: Native Token
- Total Supply: 5,112,650,135 TON
- Circulating Supply: 2,535,311,157 TON
Token Allocation
Toncoin had a very different way of distribution in the early beginning, with no pre-defined share or even ratio. In the very beginning, 98.55% of the total supply was mined using a Proof of Work model and was available for early backers who participated in the testnet. The mining per day reached as high as 200,000 $TONs. Two years later, the project changed its distribution model into Proof of Stake.
Token Release Schedule
Most of the distribution of Toncoin to the community happened in the form of rewards for staking. The mining of the last TON coin using the PoW system was finished by February 28, 2022.
After that, the project fully switched to the PoS model. Nowadays, Toncoin works with an approximate annual inflation rate of 0.6%, providing a stable supply for all its stakeholders.
Use Cases
Toncoin is a vital part of the functioning and expansion of The Open Network and provides multiple applications in its ecosystem:
- Transactions Fees: Users of the TON ecosystem use Toncoin to pay for services, such as TON Services, TON Storage, TON DNS, and TON Proxy.
- Staking and Validator Rewards: Toncoin is a reward for validators who work for the security of the network.
- Governance: Owners of Toncoin have a right to participate in the self-government of the network by voting on important proposals or decisions put to a vote for changes within the network.
- Ecosystem Development: Developers are incentivized with Toncoin to create and maintain dApps in the TON network, fostering innovation and growth.
How to Buy and Store Toncoin
Currently, investors can buy Toncoin at:
- CEXs: Bybit, OKX, Bitget, Binance, Coinbase, etc.
- DEXes: Uniswap, PancakeSwap, Biswap, DeDust, etc.
Toincoin is a token with ERC-20 and BEP-20 standards, so investors can store it on wallets such as Metamask and Trust Wallet or wallets of the TON ecosystem, such as TON Wallet, Tonkeeper, and Tonhub. You can also store Toincoin on wallets of centralized exchanges where Toincoin is listed.
Read more: Overview of TON Ecosystem: Targeting Web3 Users with Huge Potential
The Connection Between Toincoin and Telegram
Telegram officially declared the TON blockchain its Web3 structure of choice in 2023, after which interest and trade in Toncoin exploded.
The messaging app also involved more crypto community engagement with the integration of the TON ecosystem after the release of the Telegram Wallet. Users can purchase $TON with credit cards directly. The new feature enables users to buy a number of digital goods, including anonymous accounts using Toncoin, and conduct advertisements within the app.
The Open Network team rolled out a number of funding and incentivization initiatives to lure decentralized application developers further ahead in spurring demand for the Toncoin. This includes an announcement of funding for community rewards of 30 million $TONs in March 2024, worth around $115 million at the time of writing.
More recently, Telegram unveiled a platform for ad sales on the service that accepts only Toncoin as payment. This novel monetization system allows channels to give out the coin as an incentive for advancing the presence of the TON ecosystem on Telegram.
Comparing TON Blockchain and Ethereum
| TON | Ethereum | |
| Transaction Speeds | TON is very well-positioned since it boasts faster transaction speeds. | Ethereum has low transaction speeds but rarely gets congested. |
| Growth Potential | TON has very serious growth potential in the near future due to its smaller market capitalization size and rapid development. Being younger, this blockchain may be positioned for more significant expansion. | Ethereum currently has a slow but steady growth rate. |
| Smart Contract Interaction | dApps on TON are just starting to develop and are not yet diverse. | Ethereum introduced the concept of smart contracts and allowed for much deeper dApps. |
| User Base and Developer Community | TON has a Telegram-based user base and is growing. | Ethereum has a sizeable and active user base plus an extensive network of developers. |
| Risk Considerations | TON is a new blockchain so there is a high level of risk. | Ethereum is proven to be more secure and less risky than TON. |
TON Roadmap
Currently, TON blockchain has been developing the following products to expand its network:
- Stablecoin Toolkit
- Jetton Bridge
- Collator and Validator Separation
- Sharding Guidelines and Tools
- Slashing Optimization
- Elector and Config Update
- Extra Currencies
- ETH, BNB, BTC Bridge
In addition, the following projects are also on the project roadmap:
- Fisherman
- Voting for Staking Pools
- Voting UI for Wallets
- Gasless Transactions
- Wallet 5.0
- Multisig 2.0
- TON Teleport
- TON Smart Contract Interfaces
- User-friendly TL-B
- TON Browser
Development Potential of TON on Telegram
Because the TON ecosystem is rapidly growing into an epicentre of innovation and user activity, it would be really close to Telegram’s extensive user base on Web 2.0. The project will bridge the gap between Web 2.0 and Web3 positions with a clear vision to let users have seamless entrance into the world of blockchain.
Despite all the setbacks, TON remained true to the initial mission of the founding document as envisioned by Telegram’s founders. With the integrations of Telegram Wallet and Telegram Mini Apps have positioned these tools as essential parts of making Telegram a “Super App,” which has taken the project back to its original goals.
Although there were very early question marks over the legality of the project, TON is now set not only to make a strong mark in the Web3 space but also to pose some serious questions for many of the major social media platforms in the Web 2.0 environment. As it continues to develop and move forward, its roadmap proposes a seriously ambitious future with an IPO pencilled in for 2026.
Conclusion
The TON blockchain was created to overcome a number of the drawbacks of current blockchain networks, including usability, speed, and scalability. If the blockchain continues to receive support from the popular messaging app with a 900 million user base, TON on Telegram may continue to gain more and more acceptance from the community.
FAQs
Which blockchain is faster, TON or Ethereum?
TON faster. TON achieved a record of 104,715 tps during a live test. Ethereum struggles with a relatively slow block time of around between 15 and 45 tps.
Can I buy Bitcoin on Telegram?
Yes. You can buy $TON on Telgram integrated wallets like @Wallet, MyTonWallet, Tonkeeper.
How many dApps does the TON blockchain have?
At the time of writing there are over 1300 dApps running on TON.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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