{
  "url": "https://blockindex.ai/coin/ton",
  "name": "Toncoin",
  "links": {
    "github": "https://github.com/catchain/tonscan",
    "website": "https://ton.org/",
    "whitepaper": "https://ton.org/whitepaper.pdf"
  },
  "dScore": 59,
  "market": {
    "priceUsd": 22.413366654100503,
    "marketCapUsd": 4860.427017103467,
    "volume24hUsd": 930.38109647,
    "priceChange7dPct": -4.13272037,
    "priceChange24hPct": -1.62580235
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 216.85394667,
    "circulatingPct": null
  },
  "ticker": "TON",
  "founder": "Anatoliy Makosov, Kirill Emelianenko",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:27.62991+00:00",
  "fairLaunch": true,
  "launchYear": 2018,
  "description": "Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a community-driven, open-source layer-1 blockchain that traces its technical roots to the original Telegram Open Network codebase. After Telegram ceased active involvement in 2020 following regulatory action, development and stewardship continued under community leadership and the Switzerland-based TON Foundation. The network is designed as a highly scalable sharded architecture — often described as a \"blockchain of blockchains\" — and couples the TON Virtual Machine (TVM) and an actor-model for smart contracts with integrated services such as TON Storage, TON Proxy, and TON DNS. Toncoin’s strategic positioning emphasizes deep integration with Telegram’s messaging ecosystem, aiming for mainstream payment use cases, low-fee microtransactions, and broad developer uptake for DeFi, NFTs, and dApp use.\n\nFrom a technical perspective, TON implements a proof-of-stake consensus with a multi-level sharding topology to enable high throughput and low-cost transactions. The TVM provides an execution environment for smart contracts and wallet-as-contract primitives, which facilitates flexible account models and programmability. TON’s fee model includes a real-time mechanism that burns roughly 50% of transaction fees, introducing an on-chain deflationary lever that interacts with validator issuance; publications and node-tracker snapshots in the supplied sources indicate a post-mining issuance rate on the order of ~0.6% annually. The architecture is intended to support very large-scale usage patterns — examples in the source material cite millions of daily transactions and tens of millions of activated wallets — and the combination of sharding and lightweight transaction fees aims to make micropayments and embedded messenger payments economically viable.\n\nEcosystem and adoption have been driven by explicit product integrations and listings across major analytics platforms and exchanges. The TON Foundation and community-focused teams have pursued wallet integration with Telegram (native in-app wallet features and bots), merchant payment tooling (including USDT integration announcements), and a growing DeFi surface with protocols such as liquid staking and DEX primitives. Market presence is strong: Toncoin is tracked on major platforms (CoinMarketCap, CoinGecko) and listed on many Tier-1 centralized exchanges, which supports broad access and liquidity. The token economics provided in the combined summaries indicate a max supply frequently quoted at 5,000,000,000 TON and a total-supply snapshot from node-tracking tools near ~5.14B TON, with circulating supply reported roughly in the 2.45B range — implying about half the supply is circulating depending on the data source used.\n\nGovernance and organizational stewardship are anchored by the TON Foundation, a Switzerland-based non-profit that coordinates grants, developer outreach, and ecosystem-level initiatives. The provided summaries do not document an on-chain DAO or token-voting mechanism; instead, governance is primarily foundation-and-community coordinated, with validators and nominators participating in security through smart-contract-managed staking. The project narrative after 2020 emphasizes community continuity and incremental feature rollouts rather than a single corporate roadmap: important milestones include the origin of the Telegram-linked codebase (2018), Telegram’s withdrawal in May 2020, the end of initial mining/distribution phases circa June 2022, and market milestones such as the all-time high recorded in mid-2024.\n\nIn short, Toncoin represents a mature, Telegram-originated L1 project that blends sharding-based scalability, the TVM smart-contract environment, and deep messaging-platform integration to pursue mass-market payments and Web3 experiences embedded in messaging apps. The primary strengths reflected in the combined summaries are low transaction costs, a strong exchange and analytics footprint, active wallet integrations (including Telegram-native wallet features), and an ecosystem oriented toward DeFi and consumer-facing payments. Remaining open areas in the supplied material include precise historical dates for mainnet launch events, detailed premine/PIP allocations (not disclosed in the provided extracts), and some granular technical metrics such as official TPS benchmarks and total blockchain size.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoS",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 21,
    "nodeDistribution": 20,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Moderately Decentralized"
}