TONBTC: mean gravity come into playWhat Is Toncoin (TON)?
Toncoin (TON) is a decentralized layer-1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network".
Since 2020, the technology has been developing thanks to a non-commercial group of supporters and an independent community of enthusiasts who called themselves the TON Foundation. Toncoin, formerly known as Gram, is the native cryptocurrency of the TON network.
The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability. According to the project website, the platform provides its customers with fast, transparent and secure payment services, facilitating transactions with minimal fees and third-party applications.
The developers’ mission is to build a full-fledged ecosystem with decentralized storage, decentralized services, a domain name system (DNS equivalent), an anonymous network, an instant payment platform, and affordable/fast transaction processing.
The Open Network is a community-driven blockchain with a flexible architecture and focus on serving a typical consumer. TON stands out due to the fast processing/validation of transactions per second (TPS). In September 2021, the network processed a then-world record of 55,000 TPS during a contest, although the current TPS could be in the hundreds of thousands or even millions. This feature allows the project to grow rapidly while avoiding performance losses. At the same time, the project does not harm the environment.
Who Founded Toncoin?
Originally, the blockchain platform was created by brothers Nikolai and Pavel Durov, and developed by the Telegram team. Telegram planned to launch an on-chain token called Gram and establish a platform for decentralized applications (dApps).
Gram was getting a lot of attention, which started to cause trouble. Its development was prohibited by the US Securities and Exchange Commission (SEC). Gram was considered securities, and the SEC banned the release of Gram tokens.
The Telegram team brought TON to the state of an almost full-fledged product. However, in 2020, Telegram CEO, Pavel Durov, left the project, and the development was handed over to independent crypto enthusiasts.
From the very beginning, the project was created as an open-source code so anyone could continue the development. The current network was launched and developed by Anatoliy Makosov and Kirill Emelianenko, members of the community called NewTON (later the TON Foundation).
What Makes Toncoin Unique?
TON has a multi-level structure built on the principle of sharding or segmentation ("blockchain within a blockchain"). A sharding feature involves the use of multiple subnets (shards) on the same blockchain, where each shard has a specific purpose. It allows the net to avoid the accumulation of unverified blocks and speeds up tasks. The TON network consists of the master, work and shard chains.
The developers focus on scalability, efficiency and mass adoption. Due to the well-established interaction between segments, the network provides ultra-fast transactions, verifying and processing a massive amount of TPS.
The TON network offers the following services: TON Wallets, a built-in wallet function designed to transfer funds and interact with platform services and offers two categories of wallets: custodial and non-custodial; TON Services allows developers to create various dApps while users can access third-party apps through a user-friendly interface; TON Storage offers the benefits of private encryption using the private key of the owner's wallet; TON Proxy uses all platform components and allows clients to access the TON blockchain via decentralized VPNs; TON DNS (decentralized name system) makes it possible for traditional websites to work in the TON network, allowing users to set short, readable names.
How Many Toncoin (TON) Coins Are There in Circulation?
The TON network has its native token, Toncoin, with a circulating supply of 1.22B TON and a maximum supply of 5B TON.
Toncoin was designed to fuel the ecosystem. It can be used to build decentralized applications (dApps), act as a transaction processing fee, as a cross-chain transaction fee, and as a staking payment to secure the blockchain and services. The list of use cases also includes payment for decentralized data storage, TON DNS/TON Proxy, and other fees within decentralized services. Validator fees are also paid in TON. In addition, people can vote with TON for changes and development within TON's governance program.
How Is the Toncoin (TON) Network Secured?
The network utilizes the proof-of-stake (PoS) consensus mechanism to validate transactions. Moreover, Toncoin is used to reward validators. Nominators can also provide tokens to validators and receive rewards. Validators and nominators are managed with smart contracts, providing the network with extra protection. Smart contracts are executed using TON Virtual Machine (TVM).
source : cmc
Toncoin
TONUSD - Bullish Fibonacci Transition Transitions between a drawn Fibonacci circle can be seen to be full of bullish activity for TONUSD
The first pushing price way above a channel that can be drawn (price label 1.99)
The second being sharper but still within channel
And the next again breaking the channel pushing price up high (other label)
Interesting Chart
TONCOIN | Easy 40% to the deposit, that's not all!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
TON was able to rebound from the support zone of 0.8565 and is currently heading towards the resistance zone of $1.5140
Previously, I allocated an area of interest for buying $1.1-1.2 for myself, but due to the conflict between FTX and Binance, the asset failed a strong support zone and reached $0.85 and then received a strong takeaway by 40%
I think TONCOIN will continue to gain momentum and most likely we will again be able to see a trip to the $2-2.2 zone
Such moments are of course false to foresee, but if you work in advance with orders like me, then most likely you will remain in the black!
He said many times that you can buy for $ 1
Waiting for TON on Binance or Bybit?
TON TRIANGLEThe TON coin suffered the least if we take the top 50 cryptocurrencies, the coin fell in price by 3%, unlike some coins that fell by 20+%. I expect this coin to be drained if the chart breaks the drawn triangle down to $1.45. The indicator VOL+ by DGT also shows the overbought of this coin.
TONCOIN + 50% Durov (telegram) announced the launch of auctions for the sale of nicknames based on TON.
On October 20, the official telegram usernames channel announced the imminent launch of the auction. The exact date is not named, but I believe it is the first half of November. The project is promising, with a professional development team. In a year, they have done more work than any other blockchain project.
I believe the price for the period of the auction will reach 1.95 and 2.30
TON will become TON dola?In 2018 TON raised $1.7 billion in initial coin offerings (ICOs) under the name Gram. At that time, this was a pretty popular fundraising, the price of GRAM token at that time was $ 1. And attracted a lot of participants, then there were quite a few people entangled in scam projects pretending to be GRAM. After that, TON went through development and was also caught in a lawsuit with the SEC. However, at that time, the SEC did not have enough legal evidence to convict TON (GRAM). Up to now, the project has quite completed products. TON touched the price area of $0.7x in July 2022 (according to the price of TONCOIN/USD on the FTX exchange). With a fairly large shadow from the two Telegram founders, working clearly and completely, TON is expected to create a breakthrough in the near future, when the market begins a new growth cycle.
The Open Network as closed type communityThe problem with TON currency is that it is a kind of private reserve bank with a limited issue where the ordinary outside user has no opportunity to invest their futuristic intentions. The network is run by a select community of speculators who have nothing better to offer except staking and because they already have all the coins in their hands and are forced to sell them step by step implementing standard functionality. Therefore, the price of the coin fluctuates in the range of $1-2 and is quite predictable, since when the maximum is reached, the entire crew is in a hurry to sell the accumulated coins to new adherents who will have the same fate in the future, and there is no hope that the situation will change in any way, and because the team is passionate marketing as most of altcoins and is not able to heed the key innovative ideas.
Flowing merge divergenceWithout going into a lot of speculative details of Ethereum clones merge, it is not difficult to guess that the pyramid built on forks rusting under marketing sauce needs to be strengthened. However, and even more so since it is technically obvious that this will not help the endlessly hollow authoritarian shell of the original bitcoin survive in the coming years. The staging chart shows the historical inertia of the artificially pegged price and the trend of "fidelity" falling below the last low, in contrast to the same indicators of a stable and truly unchanged protocol.
Telegram's Blockchain Supercomputer ✔Imagine the market going south yet some assets making us a huge return.
Toncoin is one of those spot selections we like. Personally I see 2.5$ and 4,9$ eventually and hold the last 1/3rd for Long term.
Introduction from Whitepaper :
'The Open Network (TON) is a fast, secure and scalable blockchain and
network project, capable of handling millions of transactions per second if
necessary, and both user-friendly and service provider-friendly. We aim for
it to be able to host all reasonable applications currently proposed and conceived. One might think about TON as a huge distributed supercomputer,
or rather a huge super server, intended to host and provide a variety of
services.''
In our eyes and to keep things simple what we find interesting is these news:
'Telegram users will soon be able to make payments in cryptocurrency Toncoin
This development comes amid Telegram CEO and co-founder Pavel Durov revealing that the Telegram Open Network (TON) blockchain technology is still in development after the company officially abandoned the project last year.'
Me, being a big fan of both Crypto and Telegram can simply not stay away from such a combination. I will remain engaged, despite the weird, unclear Tokenomics.
Connect the dots:
Crypto community is already on Telegram. Telegram will make it possible to make payments on Telegram. With TON. This sounds like a Winner to me.
One Love,
the FXPROFESSOR ✔️✔️✔️
TONUSDT Channel Up leading the way through Resistances.The Toncoin (TONUSDT) broke on August 23 above the 1.4230 (now former) Resistance, as we first explained on a June post:
As you see since the July 25 Low, a Channel Up pattern is guiding the price through the Resistance levels on a classic Higher Highs/ Higher Lows technical set-up. On top of that, the 1D MA50 (blue trend-line) has been supporting since August 05 while the 1D MA100 provided a rebound on August 22. The two crossed above each other on September 01 to form the 1D MA50/100 Bullish Cross pattern.
With the 1D RSI remaining on the upper bands of the bullish territory, we expect the price to hit each of the above Resistance levels as part of a Higher High formation and then pull-back to re-test the former Resistance as a Support. A break above Resistance 3 (2.4900) should officially put the token on Bull Cycle territory, while below the 1D MA100 (closing) should be a sell break-out signal towards July's low.
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TONCOIN | Continues to grow despite the correction!Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌TONCOIN Continues its growth despite the market correction, all because this project has its own ecosystem and there are many further plans for the future.
📌From the technical side, the asset has broken through the countertrend line and is moving towards $1.5
📌I bought an asset when it was trading at $0.9 +70% for a couple of weeks, so far it looks good!
📌 Guys, this is not financial advice, here you already make a decision yourself whether to buy this asset or not.
TONCOIN | continues to gain momentumHello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️ While the whole market is red, this rocket continues to gain momentum. They broke through the global countertrend and nearest targets of $1.5 I think it will be very soon.
▫️You can also read my post on tradingview on this coin, I think you will learn a lot of new things for yourself.
▫️Guys, this is not financial advice, here you already make a decision yourself whether to buy this asset or not.
TON COIN📊 | Promising long-term coin🚀Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌 In the long term, I think it's a great investment!
📌 Not much information on this token.
📌Today TON is a decentralized community of developers, designers, marketers and business developers. Active members of the TON community, “based on their own capabilities and resources”, work on the project at their own discretion, developing the technological component and promoting the blockchain.
📌The Open Network is an independent unique blockchain developed by Telegram and maintained by the open-source community
📌Transactions in TON are among the fastest and cheapest among all blockchains.
Pros towards buying Toncoin:
📌Fame of the coin (Durov had a hand in the creation, he also openly promoted it for the first time before the new year, a huge advertising company, the media is on top)
📌Number of users (Only one ru community is already more than 200,000 people and is constantly growing, there are users, there is an increase in price and demand for the token)
▫️Listings on exchanges (there have already been listings on several large exchanges, if Binance lists a couple of X's, it should arrive)
📌Popularization of mining (5 billion TON coin tokens are placed in PoW Givers smart contracts. Givers distribute coins at 100 TON coin for each successful calculation. Mining is now used to receive TON coin from smart contracts. PoW Givers have a limited balance, which gradually dries up , users will mine all available tokens.Limited quantity = gradual increase in price).
📌 There is a global idea and this is not a meme coin, which pleases. has its own approach to the user, a development plan, NFT goodies, airdrops and other amenities.
Ton 1h shortSetup: Ton has recently broken out of its range, and is now on a strong downward trend, constantly below its 9 EMA. For further confluence, all the spikes in the buying volume only leads to small green candles, suggesting that sellers are very much in control now. Therefore, we should jump on to the winning team.
Entry: 0.9663
Trailing SL: 1 ATR above the 20EMA
TP: 0.72
TONUSDT Lower Highs break-out but Resistance come to playToncoin (TONUSDT) made a convincing bullish break-out yesterday above the Lower Highs trend-line that has been keeping the price action below since the April 21 dump. Today it is attempting a 1D candle closing above the 1D MA50 (blue trend-line).
After the break-out that turned the trend bullish at least on the short-term, the Resistance levels formed of the previous Lower Highs are now coming to play. Our strategy is to buy every 1D candle close break-out and target just below the next Resistance.
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🚀 TON Coin;The Open Network(TONCOIN/USD Analysis)📊Hello Crypto community Welcome again to this analysis ,today I'm gonna introduce another high potential crypto gem .🚀💰
🔹Rank #207,/ kind :Coin \\ Market Cap:$ 2,204,582,069 \\ Fully Diluted Market Cap: $9,024,807,342>> ✅
Max Supply: 5,000,000,000 / Total Supply: 5,047,558,528 /// Circulating Supply : 1.22B TON ( 24%) >> RISKY 📛
Holders Statistics : Top 10 Holders --> 72.21% , Top 20 Holders --> 78.48%, Top 50 Holders -->87.08% >> 📛
🆗 What Is TON Coin?
TON is a fully decentralized layer-1 blockchain designed by Telegram to onboard billions of users. It boasts ultra-fast transactions, tiny fees, easy-to-use apps, and is environmentally friendly.
Apart from processing millions of transactions per second, TON blockchain-based ecosystem has all the chances to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments and various decentralized services.
As the ecosystem expands, we see a huge potential of TON coin and numerous ways for it to work in the new economy. We expect it to go beyond a means of payment.
ton.org-Coinarketcap
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📊 Technical
As you can see on the DAILY timeframe for TONCOIN/USD , It is trading under a strong volume zone which I call it pivot zone and also we can imagine a big triangle pattern for Toncoin . so in order to have an uptrend rally it should be able to breakout both pivot zone and descending trendline of triangle with enough volume as confirmation and thus in this case then it can attack to higher resistance zone , but otherwise as you can see it can fluctuate in this current triangle pattern for a while and have more decline , and it can even fall upon the lower support levels .
🛑resistance level: $2.69-$2.87 ///3.43-3.67
🆚PIVOT :$1.88-2
❇️support levels: $1.60- ///1.44//1.30
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯
TONCOIN + 50 %The coin was in accumulation, there was a tightening of the resistance level of $2, the level was broken and there is no rollback. It is important to note that the instrument does not react to the fall of Bitcoin and continues to grow, above the level of $ 2, there are no levels and no sellers - let's go to 2, 90 in the near future