PANews reported on June 1 that TON Status issued a document saying that the current on-chain block production has been restored, and a quick fix has also been released, only a few main chain validators need to be updated to resume block production, the event may be related to the main chain scheduling queue processing error, and the technical report of the event will be released soon.
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PANews
PANews reported on June 1 that TON posted on the X platform that the TON Core team found a problem with block creation and is expected to be fixed within an hour, and there will be no risk of loss in transactions made during network failures, and there will be no risk of loss of assets in user accounts.
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Poseidon
If you're looking to park your stables, @ethena_labs just launched some solid yields, 18% APY on stables.
Ethena is aiming to onboard millions of users with this move. Telegram is a strong starting point to bring new people into USDe. This is the clearest path to growing USDe supply.
Ethena Labs
Earn up to 18% APY on your crypto dollars starting today via the @ton_blockchain ecosystem and Ethena
Ethena-powered savings goes live in major TON Wallets, directly accessible by 1 billion users
USDe is live on TON Space by @wallet, @tonkeeper, @mytonwallet_io, & TONHub by @yourholders
Hold tsUSDe in Telegram & earn up to 18% APY
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PANews
PANews reported on June 1 that according to OKX market data, the top tokens in the day are: ORDI is now trading at $8.478, up 5.00% on the day; SATS is now at $0.0000000454, up 2.55% on the day; OP is now trading at $0.649, up 2.25% on the day; LDO is now trading at $0.835, up 2.24% on the day; TON is now trading at $3.154, up 2.10% on the day. In addition, the top intraday decliners were: CRO is now trading at $0.102, down 4.31% on the day; AAVE is now trading at $239.46, down 3.72% on the day; RPL is now trading at $4.604, down 2.58% on the day; CORE is now trading at $0.692, down 2.31% on the day; RAY is now trading at $2.464, down 2.07% on the day.
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TeleSwap reposted
TeleSwap
Big Bitcoin buys on TeleSwap 👀
USDT → BTC swaps across Ethereum, BNB, TON.
No CEX needed: 🧡
The current price of Toncoin is $3.1490. Over the last 24 hours, Toncoin has increased by +0.22%. It currently has a circulating supply of 2,465,475,747 TON and a maximum supply of 5,131,413,340 TON, giving it a fully diluted market cap of $7.76B. At present, the Toncoin coin holds the 13 position in market cap rankings. The Toncoin/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
The Open Network, also known as TON, is a scalable multi-blockchain network that can process millions of transactions per second. Toncoin (TON) is the name and ticker symbol of The Open Network’s native utility and governance token.
Existing blockchains sometimes lack scalability and user-friendly interfaces. Meanwhile, blockchains can’t communicate with each other directly. The Open Network aims to solve these problems using its multi-blockchain architecture.
The TON blockchain is a collection of blockchains that consists of a masterchain, up to 232 workchains, and up to 260 shardchains. TON’s masterchain is the principal blockchain with all the information about the protocol. On the other hand, workchains are blockchains that handle smart contract transactions. These workchains are further subdivided into shards.
Through these shards, TON transfers messages instantly between any two blockchains, regardless of the network size, achieving massive scalability at speed. What’s more, to combat security issues and maintain decentralization, TON uses Proof of Stake (PoS) consensus and allows validators to add new blocks while avoiding unnecessary forks.
The TON ecosystem consists of blockchain products such as decentralized storage, a blockchain naming system, a micropayment platform, and other decentralized services. TONCOIN has several use cases in this ecosystem, such as earning validator and liquidity farming rewards, voting for protocol proposals, and paying for TON products.
TON price and tokenomics
Toncoin (TON) has a total supply of 5 billion. Of the total supply, 1.45 percent was distributed between testers and developers. The remaining 98.55 percent was transferred to Proof of Work (PoW) Giver smart contracts.
New Toncoin tokens are generated during block validation. As a result, Toncoin is inflationary, impacting its price in the long run. The annual inflation rate is 0.6 percent, calculated according to payments made by the TON community to the validators.
TON reached an all-time high price of $8.28 on June 14, 2024, with a market cap of more than $16.5 million.
TON: how is it different from Toncoin?
It’s helpful to understand the difference between TON the token and the TON ecosystem, as each shares the same name.
Toncoin, with the ticker TON, is the cryptocurrency that powers the TON ecosystem, which is short for The Open Network. The Open Network — also abbreviated to TON, refers to the underlying blockchain infrastructure and network. Toncoin (TON) is the native currency for transactions, staking, and governance within the same ecosystem.
Toncoin’s recent developments
Year 2024 brought numerous milestones to Toncoin. In March, the project announced the launch of The Open League, a community rewards initiative that grants millions of TON tokens to projects and users in the TON ecosystem. The Open League and its token distribution program aims to support the community’s continued growth by “putting crypto in every pocket”, according to Toncoin.
Meanwhile, the TON token’s price spiked by 50% in the month to date during May 2024, partly fueled by anticipation for the launch of Notcoin, a play-to-earn game. Notcoin’s native token, NOT, is built on the TON blockchain.
Soon after, crypto commentators suggested TON prices could hit new highs as excitement grew towards a Token Generation Event for Hamster Kombat, a Telegram clicker game that’s also built on the Ton blockchain. Also contributing to the positive sentiment were suggestions that the Ton wallet would potentially be integrated with the game platform.
The continued growth of the Toncoin ecosystem has been reflected in noteworthy growth for the blockchain’s total value locked, which surpassed $300 million during May 2024.
About the founders
The Open Network (TON) was initially launched as Telegram Open Network by Telegram founders Pavel and Nikolai Durov in 2019. However, Telegram Open Network was closed during mid-2020 following a regulatory ruling in the U.S.
Independent developers Anatoliy Makosov and Kirill Emelyanenko created The Open Network after Telegram stepped away from the project.
The decentralized community now consists of over 40 independent developers who work on the project as a part of TON Foundation, a not-for-profit community funded by donations.
The project is currently independent of Telegram, and the Telegram team has transferred the ton.org domain and the Github repository to TON’s blockchain developers. Meanwhile, Telegram founder Pavel Durov previously endorsed The Open Network in an official Telegram post during December 2021.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 826 new posts about Toncoin, driven by 564 contributors, and total online engagement reached 105K social interactions. The sentiment score for Toncoin currently stands at 78%. Compared to all cryptocurrencies, post volume for Toncoin currently ranks at 3452. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Toncoin.
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78%
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Toncoin FAQ
How much is 1 Toncoin worth today?
Currently, one Toncoin is worth $3.1490. For answers and insight into Toncoin's price action, you're in the right place. Explore the latest Toncoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Toncoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Toncoin have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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