TON coin, also known as Toncoin, was initially developed by encrypted messaging platform Telegram in 2018. However, after the US Securities and Exchange Commission (SEC) filed a lawsuit against Telegram, the project was abandoned by the company and subsequently taken over by the TON Foundation, an independent community of enthusiasts ¹ ².

The TON Foundation is a non-commercial organization that has continued to develop the technology behind TON since 2020. The foundation's goal is to create a complete ecosystem with decentralized storage, decentralized services, a domain name system, and an instant payment platform ¹.

There is no single owner of the TON coin, as it is a decentralized cryptocurrency. Instead, the community of developers and enthusiasts that are part of the TON Foundation work together to maintain and improve the network.#Bitcoin

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