Toncoin (TON) crypto asset is now listed on INDODAX on the BEP-20 network.
Interested in Toncoin (TON) and how to buy it? Learn more before investing by reading below!
About Toncoin (TON)
Toncoin (TON) is the native crypto asset of the decentralized layer-1 blockchain, The Open Network (TON), supported by various network contributors including the TON Foundation, a Swiss-based nonprofit organization.
The technology has been developed by the Telegram team since 2017, with the majority of the underlying code written by Dr. Nikolai Durov, one of Telegram’s co-founders.
Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability, enabling users to pay transaction fees and settle payments or validate transactions quickly, securely, and transparently with minimal costs.
Challenges, Opportunities, and Utilities
Toncoin was created to address several common issues faced by conventional cryptocurrencies, namely transaction delays that are often experienced, scalability limitations where the number of transactions that can be handled becomes limited as the number of users increases, and security risks such as single points of failure and high energy requirements in some cryptocurrencies.
By providing near-instant transaction speeds, a multi-chain network architecture and dynamic sharding capable of handling millions of transactions per second, as well as prioritizing security through a more environmentally friendly Proof-of-Stake consensus mechanism, Toncoin is designed to solve these problems and redefine the space of crypto asset development.
In its development, TON’s advantages include:
- It implements sharding or blockchain segmentation to achieve high scalability and transaction speeds.
- The focus is on scalability, efficiency, and mass adoption with the ability to process transactions massively and ultra-fast.
- It provides various services such as TON wallets, services for dApp developers, encrypted storage, access via decentralized proxies, and a decentralized naming system (TON DNS).
- It uses proof-of-stake (PoS) consensus to secure the network.
The roadmap of TON can be accessed at https://ton.org/en/roadmap
The utilization of TON includes:
- $TON is used as the transaction fee on the Toncoin blockchain and across networks.
- $TON is required for data storage fees on the Toncoin blockchain and for blockchain-based domain names.
- $TON is used as the governance token for the Toncoin blockchain. $TON owners can participate in voting on proposals for the network’s future.
- Toncoin investors can stake their $TON tokens to validate transactions on the network. They will receive additional rewards in the form of $TON.
Founder and Investor of Toncoin (TON)
TON was originally developed by Nikolai Durov and the messaging platform, Telegram and now embraced by a global community of independent contributors. is a Russian programmer and mathematician. He is the elder brother of Pavel Durov, with whom he founded the social networking site VK and later Telegram Messenger.
With fundraising of $24,000,000, TON is backed by investors and venture capitals such as KuCoin Ventures, MEXC, Marina Ventures, DWF Labs, Runa Capital, etc.
Crypto Asset Ranking Information
As of April 22, 2024, the CoinMarketCap ranking of Toncoin (TON) is #9, with a market cap of USD 21,542,517,752. It has a circulating supply of 3,471,240,790 TON and a maximum supply of 5,105,560,260 TON.
How to Buy Toncoin (TON) on INDODAX
Now that you’ve discovered more about Toncoin (TON), you can start investing in Toncoin (TON) easily and securely on INDODAX.
You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.
To buy Toncoin (TON) crypto asset on INDODAX, follow the steps below:
- Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
- Then, deposit by reading how to make a deposit below
- After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
- Search for TON in the IDR market, and click to visit the crypto asset page
- On the crypto asset page, enter the balance and desired TON purchase price, or buy instantly at the current price
- Next, you should wait for the price to increase for some time
- Once the price increases, your assets can be sold at a higher price with the Instant method
- If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number
INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.
Let’s invest in Toncoin (TON) on INDODAX now!
