Toncoin company info

What does Toncoin do?
Toncoin (CRYPTO:TON) is the native cryptocurrency of the TON decentralized ecosystem, which aims to enable fast payment settlement, easy-to-use dApps, and low fees. TON operates on its own layer-1 blockchain and is not reliant on other blockchains such as Ethereum. Toncoin was originally launched in 2018 as the Telegram Open Network, but was rebranded in 2020 after a legal dispute with the SEC. The rebranded TON network is now led by a group of software developers called NewTON. Toncoin is used for staking within the TON network's Proof-of-Stake (PoS) consensus mechanism, which protects the blockchain. It is also used to pay for transaction fees and to access various services on the TON network.
Toncoin company media
Company Snapshot

How many people does Toncoin employ?

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Employees
100-200

What is the market cap for Toncoin?

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Market Cap
$23.24B

Where is the head office for Toncoin?

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Head Office
Switzerland

What year was Toncoin founded?

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Year Founded
2018
What does Toncoin specialise in?
/DWF Labs Portfolio /FTX Bankruptcy Estate /Layer 1 /PoS

What are the products and/or services of Toncoin?

Overview of Toncoin offerings
Easy-to-use dApps: TON provides a developer-friendly environment for building and deploying dApps. There are a number of dApps already available on the TON network, covering a wide range of categories such as finance, gaming, and social media.
Fast payments: TON is capable of processing thousands of transactions per second, making it one of the fastest blockchain networks available.
Low fees: TON transaction fees are very low, making it a cost-effective platform for users.
Staking: TON holders can stake their tokens to help secure the network and earn rewards.
TON DNS: TON DNS is a decentralized domain name service that allows users to register and manage their own domain names on the TON network.
TON Proxy: TON Proxy is a decentralized proxy service that allows users to access the TON network without having to reveal their IP address.