What is Toncoin?
Toncoin (TON) is a cryptocurrency that operates on the Telegram Open Network (TON). TON was initially developed by the messaging app Telegram but is now an independent blockchain platform.
Current Price and Market Performance
Current price: $2.71
24-hour change: 1.56%
As of the latest update, Toncoin’s market capitalization stands at approximately $9.40B. Over the past year, it has experienced a notable price change of 18.41%.
Industry Classification
According to the CoinDesk Digital Asset Classification Standard (DACS), Toncoin is classified as a Currency. This means that it is primarily intended for use as a medium of exchange.
FAQs
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Q: What is a blockchain?
A: A blockchain is a decentralized, digital ledger that records transactions in a secure and transparent way.
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Q: What is the difference between a cryptocurrency and a digital asset?
A: A cryptocurrency is a type of digital asset that uses cryptography for security and operates independently of a central bank or authority.
Additional Facts
Toncoin is a relatively new cryptocurrency, having been launched in 2020. It has a total supply of 5 billion tokens and a maximum supply of 7 billion tokens.
Toncoin is available for trading on several major cryptocurrency exchanges, including Binance, Huobi, and Coinbase.
Disclaimer: The information provided in this article is for educational purposes only and should not be construed as financial advice. Investing in cryptocurrencies involves risk, and you should always do your own research before making any investment decisions.
Credit and rights belong to BITboosters.