Buy Toncoin (TON), it’s easy!

Why buy Toncoin (TON)

You might want to buy Toncoin (TON) because it is a project conceived by the founders of Telegram and is increasingly integrated into the social network ecosystem. The crypto TON has, in recent times, attracted the attention of most industry enthusiasts, not least because it reached the top 10 in the ranking of the most capitalised cryptocurrencies. Its price, in the summer of 2023, was around $1.3, while it now orbits around $7.

Buying Toncoin, referred to by many as Telegram’s crypto, may be the right choice if you frequently use the messaging service and intend to access Web3 solutions within the application itself. This network is, to all intents and purposes, a Layer 1 blockchain, although the crypto component is, at least in part, masked by Telegram’s simple and intuitive user interface. 

In short, Toncoin (TON), which recently developed a crypto wallet integrated within the messaging app, has taken a clear path: to simplify its Web3 products as much as possible in order to reach more users.

How it was born

As already mentioned, Toncoin is a Layer 1 blockchain, according to the team capable of processing millions of transactions per second, created with the aim of bringing Telegram into Web3. This network is composed of three main sections: the Ownership Layer, on which the blockchain itself resides, the Infrastructure Layer, which houses users’ custodial wallets, and the User Layer, which is built on the social network and allows the use of Telegram Mini Apps. Going into more detail, The Open Network is composed of a main network, the Master-chain, which aims to control and manage several smaller networks, called Work-chain or Account-chain, thanks to sharding technology.

To decide whether to buy Toncoin you must, surely, know its particular history. The Telegram Open Network project was born in 2018, the brainchild of Pavel and Nikolai Durov, the two founders of the social network. Initially, the token of the messaging app was to be called Gram and the project was openly associated with the social network. This allowed the founders to raise a huge amount of capital, specifically $1.7 billion. The situation changed after the Security and Exchange Commission (SEC) intervened and won a Telegram lawsuit, calling GRAM’s ICO an unregistered security sale. The Telegram Network’s defeat forced the protocol to return the funds collected. The team and the community did not give up, however, and still managed to develop the project carry out the rebranding required by the SEC, and launch the TON mainnet (The Open Network) in 2021.