What are the main use cases for Toncoin
The main use cases for Toncoin (TON), the native cryptocurrency of The Open Network (TON), include:
## Transaction Fees
Toncoin is used to pay transaction fees for processing smart contracts and transactions on the TON network.
## Payments
Toncoin enables payments within decentralized apps (dApps) built on the TON platform, allowing users to pay for goods, unlock features, or trade directly with others.
## Staking
Users can stake their Toncoin to help secure the network and earn rewards. Staking involves locking up TON as a guarantee to verify transactions.
## Cross-Chain Transactions
When assets are moved between TON and other blockchains, Toncoin may be required to pay the transaction fees.
## Governance
Toncoin holders can participate in governance decisions about protocol upgrades and network settings through TON VOTE.
## Domain Names
Toncoin is used to purchase and maintain blockchain-based domain names on systems connected to the TON network.
## Validators
Validators who maintain the TON blockchain must stake Toncoin as a security deposit to ensure they follow the network rules.
## TON Proxy
Toncoin is used to pay for TON Proxy services, which allow private and secure connections to the TON blockchain through proxy nodes.
## Decentralized Storage
Toncoin enables payments for decentralized data storage within the TON ecosystem.
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