coin_name

Toncoin Price in India (TON)

₹0

arrow_icon

NaN%

1D

1W

1M

6M

1Y

ALL

1D

1W

1M

6M

1Y

ALL

TON to INR Converter

As per last price at 00:00:00, 01/01/70

INR

TON

TRADE TON NOW

chevron_right_black

TON Performance

24H Low

-

24H High

-

Price Change 24H

-%

Price Change 7D

-%

TON Market Information

Popularity

-

Market Cap

-

24H Volume

-

Circulation Supply

-

TON Price Today

The live price of Toncoin is ₹ 0 per (TON / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. TON to INR price is updated in real-time. Toncoin is +0% in the last 24 hours with a circulating supply of .

About Toncoin (TON)

What is Toncoin?

The Toncoin (TON) is the native token of the decentralized blockchain, The Open Network. The TON Network is a fast and secure blockchain infrastructure that offers an ideal environment for the development of dApps, DeFi,  gaming, and file storage. TON facilitates transactions and other network operations on the TON network.

Toncoin was originally developed by Telegram, the messaging app, in 2018. However, the project had to be abandoned due to regulatory issues with the US Securities and Exchange Commission (SEC). The project was later picked up by an independent developer community that formed the TON Foundation in 2021. The TON Network is based on the project’s original vision and uses the same open-source code.

Primary features of Toncoin

• The TON Network is decentralized and uses open-source code. 

• The network processes transactions fast without latency with the implementation of the sharding mechanism. 

• Toncoin offers low transaction costs, providing a good environment for interaction with dApps. 

• Toncoin’s native token TON is very versatile. Besides the transactional value it carries, users can stake TON and earn rewards.

Is Toncoin a promising cryptocurrency?

Toncoin has grown in price significantly since its launch in 2021. It has risen from under $1 to around $7 as of June 2024. TON is ranked number 9 among the top 10 cryptos by market capitalization, surpassing several market leaders. It has a lot of potential and many consider it a promising cryptocurrency.

How to use Toncoin?

Toncoin (TON) offers several utilities to users. Let’s look at some of them: 

• Toncoin is used for paying transaction fees for smart contracts and payments within dApps on its platform. 

• TON token holders contribute to network maintenance via staking which keeps the network safe and also rewards stakers for their contribution.

• Toncoin’s TON is used for cross-chain transactions within the TON Network and other blockchain networks.

• TON holders can participate in the on-chain governance and major decisions related to the network such as protocol upgrades and network settings.

• Toncoin can be used for decentralized data storage within the TON Network.

Pros & Cons of Toncoin

Pros

• Staking: Toncoin users can stake their TON tokens to validate transactions on the ecosystem to earn staking rewards. TON token staking can be done via the TON Network or through cryptocurrency exchange platforms like CoinSwitch. 

 

• Fast transactions and low costs: Toncoin facilitates fast transactions, both off-chain and on-chain, at a low transaction cost.

 

• Open-sourced and decentralized: The TON ecosystem is open-sourced which builds trust and security. The platform is also completely decentralized without a central authority at the helm. The network relies on a network of validators and their consensus to maintain the network.

 

Cons

• Messy history: Toncoin has a messy history with the original creators abandoning the project due to regulatory concerns. Some consider the network’s skirmish with the SEC a red flag that can lead to problems in the future. 

• Market volatility: Toncoin is susceptible to market fluctuations, regulatory risks, and high volatility like other cryptos.

Trade TON on CoinSwitch

• It only requires a small amount of Rs.100 to start investing in the Toncoin (TON).

• You can easily exchange digital currencies.

• It does not have any hidden processing fees involved in the currency exchange.

• You can easily withdraw the amount anytime as there is no maturity period.

• You get the best price for exchange available in the international trading market.

Toncoin ICO summary

Toncoin’s Initial Coin Offering (ICO) raised regulatory concerns from the US SEC, eventually leading to the original developers dropping out of the project. In 2018, Toncoin, then known as Telegram Open Network, raised $1.7 billion, attracting the attention of the market regulator. The SEC held that Telegram’s unregistered offering of digital tokens called “Grams” violated securities laws. The project agreed to return the funds to investors.

Bitcoin Resources

1. How do I buy Toncoin?

chevron_down

To buy Toncoin, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find Toncoin.

Step 3:

Once you find Toncoin and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of Toncoin?

chevron_down

The price of 1 Toncoin is ₹0.

Note: Toncoin prices are subject to change in the future based on market trends.

3. What is the price of Toncoin today?

chevron_down

The current price of 1 Toncoin is ₹0.

Note: Toncoin prices are subject to change in the future based on market trends.

4. Can I buy Toncoin for ₹100?

chevron_down
Yes! You can buy Toncoin for as low as ₹100 on the CoinSwitch app.

5. How much is 1 Toncoin in rupees?

chevron_down
The current value of 1 TON is ₹0.

6. What is the current trend in Toncoin?

chevron_down
TON has been NaN% in the last 24 hours.

Related Articles

article

Income Tax Slabs Rate FY 2023-2024 (AY 2024-25)

Simply put, income tax is levied by the central government on the income earned by individuals and businesses in a financial year.

article

10 Cheapest Cryptocurrencies To Invest in India

The crypto market is not just about Bitcoin and Ethereum. There are numerous crypto projects that have strong growth potential and have been known to give investors good returns.

article

Spot Trading vs. Futures Trading in Crypto: How Are They Different?

In crypto trading, traders use two popular methods—spot trading and futures trading. Both methods have their characteristics and benefits but they also come with risks.

article

Bitcoin Price Prediction & Forecast 2024-2050

Bitcoin, the first decentralized crypto, operates as a digital and decentralized form of currency. It enables peer-to-peer transactions without the need for intermediaries like banks or financial institutions.

TON to INR Converter

As per last price at 00:00:00, 01/01/70

INR

TON

TRADE TON NOW

chevron_right_black
price_banner