TON Live Price Converter

Toncoin serves as the innate cryptocurrency within the TON decentralized ecosystem — a network designed to deliver rapid payment processing, user-friendly decentralized applications, minimal fees, and other benefits, courtesy of its independent, layer-1 blockchain. Unlike some networks, TON's layer-1 operates on its own blockchain instead of running on top of another independent blockchain, such as Ethereum.

Originally launched in 2018 under the moniker "Telegram Open Network," Toncoin's early functionalities were intimately linked to the Telegram social networking platform. However, following initial challenges with an SEC lawsuit that resulted in favor of the SEC, TON underwent a significant rebrand in 2020. A team of fresh software developers, calling themselves NewTON, altered various facets of the coin and its ecosystem, including a name change. Thus, the "Telegram Open Network" was transformed into "The Open Network".

Toncoin, identified by its token ticker $TON, is the principal currency for the TON network and plays a vital role in staking within the network's Proof-of-Stake (PoS) consensus mechanism, which safeguards the TON blockchain.

You can keep track of the current price of Toncoin as it's routinely updated and readily accessible in real-time on Bitsgap's crypto converter.