What is TONCOIN (TON)

1. Project Introduction
TONCOIN (TON) is a Layer 1 blockchain deeply integrated with Telegram and built on a proof-of-stake (PoS) consensus algorithm. Its core components include:
TON Payments: A lightning network that allows any two parties to open payment channels. Transactions are recorded off-chain until the channel is closed, enhancing payment speed.
TON Staking Service: Enables Toncoin holders to lend their assets to validator nodes, ensuring that rewards earned by the validators are distributed to those who staked their assets through smart contracts.
TON DNS: Allows accounts, smart contracts, service nodes, and network nodes to purchase human-readable domain names.
TON Storage: Provides a solution for users to store files on the TON blockchain.
Summary: TON aims to provide a fast, low-cost, and secure blockchain solution. Backed by Telegram, it has rapidly grown since its launch and currently ranks 9th in the cryptocurrency market. As of now, TON has 1,220 dApps covering various sectors, including wallets, exchanges, games, and launchpads. The introduction of Telegram Bots in 2023 and a "click-to-earn" model in 2024 has further driven innovation and traffic to its ecosystem.
2. Team & Investment Info
Team:
Initially developed by Telegram's founders, the project was abandoned due to legal disputes with the SEC. It has since been developed by the TON community, which established the TON Foundation.
Funding:
In April 2022, the TON Foundation launched its ecosystem fund, securing $250 million in investments from several institutions. In July 2022, they established a new $90 million ecological fund, TON Alpha-Vista, with investors including VistaLabs, Alphanonce, Miner’s Fund, and Kilo Fund. In March 2024, Mirana Ventures announced a long-term partnership with TON, intending to invest $8 million in TON tokens.
3. Social Media URLs
X: https://x.com/VitaInuCoin
Telegram: https://www.t.me/VitaInu
Discord: https://discord.com/invite/vinu
Medium: https://medium.com/vitainu
YouTube: https://www.youtube.com/@VitaInuCoin
4. Token Info
Token Symbol: TON
Total Supply: 5,111,879,724
Token Type: ERC-20, TON
Contract Address: https://etherscan.io/token/0x582d872a1b094fc48f5de31d3b73f2d9be47def1
https://tonviewer.com/EQAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAM9c
5. Related Links
Official Website: https://ton.org/
White Paper: https://ton.org/whitepaper.pdf
Other Info: https://www.rootdata.com/Projects/detail/The%20Open%20Network?k=OTkz