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Toncoin Price (TON)
ZAR

Toncoin Price (TON)

Currency:
TON to ZAR:
1 Toncoin equals R 113.43 ZAR-0.96%1D
Page last updated: 2024-12-14 06:42 (UTC+0)
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Note: This information is for reference only.

Price of TON today

The live price of Toncoin is R 113.43 per (TON / ZAR) with a current market cap of R 289.35B ZAR. 24-hour trading volume is R 4.45B ZAR. TON to ZAR price is updated in real-time. Toncoin is -0.96% in the last 24 hours with a circulating supply of 2.55B.
TON Price History ZAR
Date ComparisonAmount Change% Change
TodayR -1.095438-0.96%
30 DaysR 15.90+16.31%
60 DaysR 19.51+20.77%
90 DaysR 11.25+11.01%

TON Market Information

24h Low & High
Low: R 111.27
High: R 115.28
The highest and lowest price paid for this asset in 24 hours.
All Time High
R 147.16
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
+0.66%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
-0.96%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-7.53%
The percentage change in price for this asset compared to 7 days ago.

TON Market Information

Popularity
#14
Popularity is based on the relative market cap of assets.
Market Cap
R 289.35B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
R 4.45B
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
2.55B
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
R 580.44B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

What Can You Do With Toncoin (TON)?

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About Toncoin (TON)

Toncoin is the native network cryptocurrency of the TON decentralized ecosystem. TON aims to enable fast payment settlement, easy-to-use decentralized applications, small fees, and other positives offered by its layer-1 independent blockchain. TON's layer-1 operates on its blockchain and not atop another independent blockchain, such as the Ethereum Network.

Toncoin was launched in 2018 originally as a Telegram Open Network. It had its early utilities associated with the Telegram social network platform. After early issues with an SEC claim against TON that ultimately favored the SEC, TON rebranded in 2020. A group of new software developers who named themselves NewTON changed aspects of the coin and ecosystem, including the name. As rebranding commenced, Telegram Open Network was changed to 'The Open Network'.

Toncoin is the network currency for the TON network and is used in staking within the Proof-of-Stake (PoS) consensus mechanism, which protects the TON blockchain. Toncoin is known by its token ticker $TON. The current price of Toncoin is updated and available in real-time on Binance.

People Also Ask: Other Questions About Toncoin

  1. What Does Toncoin Stand For?

    TON stands for ‘The Open Network’ and is an open, decentralized network on which decentralized applications, digital cryptocurrencies, and other digital interactions are made possible.

  2. What is TON Used For?

    TON is used in staking on the TON decentralized network. TON can be staked in the network consensus mechanism protocol. The PoS staking model implemented within the TON ecosystem allows individuals to stake and be rewarded for participating in block validation efforts that secure and process transactions on TON.

  3. How Does Network Consensus And Validation Work On Ton?

    In TON's PoS consensus algorithm, validators are chosen based on their stake in the network. The more tokens a validator holds, the higher their chances of being selected as a validator. Validators are responsible for creating new blocks and verifying transactions on the network. The chosen validators must reach a consensus on which block to add to the blockchain, which is achieved through the BFT algorithm. TON's validation process includes several checks and balances to ensure the integrity of the network.

  4. Who is the Founder of Toncoin?

    Toncoin was a development of the Telegram social network platform in 2018. The coin was rebranded to The Open Network after losing a battle with the SEC, which filed a suit against the company for failing to register its prior sale of $1.7 billion worth of tokens.

  5. What Is the Total Token Supply of TON?

    The total supply of Toncoin is 5,047,558,528 and the circulating supply stands at 3,431,892,088 at the time of writing.

  6. Is Toncoin (TON) Available On Binance?

    Toncoin (TON) is not available for purchase or trade on Binance. While it is not listed currently, the live price of Toncoin is updated in real-time on Binance. Additionally, TON coin price and purchase information are available for users on the How to Buy Toncoin (TON) guide.

TON to Local Currency

FiatPriceOperation
1 TON to TRY$ 6.34728
1 TON to RUB$ 6.34728
1 TON to EUR$ 6.34728
1 TON to AED$ 6.34728
1 TON to AUD$ 6.34728
1 TON to BRL$ 6.34728
1 TON to VND$ 6.34728
1 TON to IDR$ 6.34728
Last updated 2024/12/14 06:42 (UTC)

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