Curious about the potential of Toncoin? Read this post and don’t miss your chance to invest in one of the strongest narratives this year
#Tonlaunchpool #BINANCELAUNCHPOOL
I. What is TON?
The Open Network (TON) is a decentralized platform built on a high-performance blockchain. Created by the Telegram team, TON aims to revolutionize the blockchain industry by offering unparalleled scalability, speed, and user-friendliness.
1/ How does TON work?
Consensus mechanism
TON uses a Proof of Stake consensus, where validators are chosen based on their TON token holdings. These validators verify transactions and earn rewards.
Multi-chain architecture
TON's architecture is multi-chain, with a main masterchain managing overall network operations and smaller, customizable workchains for specific purposes. This design enables scalability and flexibility.
2/ TON’s Key features
Scalability: TON handles millions of transactions per second through sharding, dividing the network into smaller, parallel blockchains.
Interoperability: Designed to seamlessly connect with other blockchains, enabling asset and data transfer.
Speed: Fast transaction processing due to Proof of Stake consensus, making it suitable for everyday use.
Decentralization: No single entity controls the network, ensuring openness and resistance to attacks.
3/ TON's Uses Cases
TON's versatile architecture supports a growing ecosystem of services and decentralized applications (DApps), including crypto wallets, payments, blockchain bridges, and decentralized exchanges.
Payments: Fast and secure transactions for individuals and businesses.
DeFi: Supports lending, exchanges, and other financial services.
Content: Enables decentralized content distribution platforms.
Gaming: Powers decentralized games and in-game economies.
Social: Integrates with Telegram for decentralized social platforms.
II. Launchpool & Token Informations
Token Name: Toncoin (TON)
Current Total Token Supply: 5,110,422,426 TON
Launchpool Token Rewards: 7,650,000 TON
Hourly Hard Cap per User:
1,354.68 TON in BNB pool
239.06 TON in FDUSD pool
Supported Pools:
Stake BNB: 6,502,500 TON in rewards (85%)
Stake FDUSD: 1,147,500 TON in rewards (15%)
Farming Period: 2024-08-15 00:00 (UTC) to 2024-09-03 23:59 (UTC). (20 Days)
$TON Utilities: Toncoin is the digital currency powering the TON network. It's used for transactions, network security (staking), community governance, games or collectibles built on TON.
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III. Toncoin Price Prediction & Our POV
1/ Price Prediction
Circulating Supply: 2.518B
Total Supply: $5.11B (0.6% annual inflation rate)
Token locking:
1.081 billion TON frozen for 48 months (February 2023 - February 2027)
1.317 billion TON locked in TON Believers Fund for 2 years (Locked from October 2023 - October 2025)
⇒ Circulating supply reduced by ~2.4 billion TON for a defined period.
As of August 14th, 2024, Toncoin is ranked 8th on CoinMarketCap with a market cap of $16,848 billion USD and a fully diluted market cap of $34.19 billion USD.
Since the start of 2024, Toncoin’s price surged by about 190% and reached a peak of 8.28$, equivalent to a 256% increase. Over the past 30 days, the trading volume reached $11.72 billion with more than 40 million holders.
TON's ecosystem has experienced rapid growth, with account numbers surging 758% in the past six months to surpass 48 million, coupled with the asset's substantial price appreciation compared to other top cryptocurrencies and favorable token locking schedule, positions $TON for potential continued growth and a potential new all-time high in the upcoming months.
2/ Our POV
Pros:
Strong tokenomics: Healthy token circulation, locked inactive tokens, low team allocation (1.45%)
High performance: Record-breaking TPS (exceeding 100,000), rapid block finality, scalable architecture.
Ambitious roadmap: Focus on dApp development, backed by substantial funds and VCs (Binance, OKX, Pantera Capital,...)
Telegram integration: Telegram's 900M users and potential IPO could drive mass TON adoption through existing dApps.
Improved infrastructure: User-friendly native wallet, USDT integration.
Cons:
Centralized: Low validator count compared to competitors.(340 validators to Solanas 2,000 and Ethereum's 1M+)
Technical issues: Network instability during peak load (December 2023)
Telegram reliance: Dependence on Telegram's growth, and competition from other apps.
Legal risks: TON has faced legal troubles and may face future SEC scrutiny. Its rebranding under Ton Labs might not shield it from regulatory challenges.
