In this article, we will cover the main questions that may arise for users who are going to start investing in the TON token or learn more information about this blockchain!

1. In how many countries are TON validators located?

According to the latest report for 2024, TON blockchain validators are scattered across 30 countries.

2. How many activated wallets are there in the TON network?

As of July 2024, there were 9.570 million wallets activated on the TON blockchain and connected to the network.

3. Does TON charge any transaction fees?

Each transaction on the network costs about 0.005 tonnes.

4. What are the benefits of owning TONCOIN (TON) tokens?

  • First, TOINCOIN (TON) is needed to pay network transaction fees.

  • Secondly, by staking TONCOIN, users can participate in the proof-of-stake consensus mechanism.

  • Thirdly, TONCOIN holders receive governance rights within the network.

The TON amounts of users determined whether they could participate in any voting on the network. And finally, many applications built on the TON blockchain can charge TONCOIN as an access fee.

5. How can I purchase TONCOIN (TON)?

There are several ways in which users can purchase TONCOIN:

  1. Cryptocurrency exchanges – anyone can buy TONCOIN on cryptocurrency exchanges and trading platforms.

  2. P2P transactions - in this case, you can directly buy TONCOIN from individuals or organizations that own TON.

  3. Airdrops and rewards – You can also get TON during these airdrops (a marketing act where the currency is given away for free) or through rewards. You get rewards by participating in events that happen in the TON ecosystem.

6. How much is 1 tonkin worth in US dollars?

Today, 1 Tonkyon (TON) is worth approximately $4.88 USD. This value is updated in real time to reflect current market conditions.

7. Is TONcoin proof of work?

No, Toncoin (TON) is not a Proof of Work (PoW) cryptocurrency. Instead, it uses a Proof of Stake (PoS) consensus mechanism. In a PoS system, validators are selected to create new blocks and verify transactions based on the amount of tokens they own and are willing to “stake” as collateral.

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