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'. #TON $TON #Write2Earn!