[Expected to soar in 2024] What is Toncoin (TON)? A comprehensive explanation of its future prospects, price forecast, and how to purchase it!
Toncoin (TON) is a cryptocurrency that will be listed in Japan in October 2023 and is attracting attention from Telegram users. We will thoroughly explain its future prospects, price forecasts, and new possibilities that will arise from its collaboration with Telegram!
table of contents
1. What is Toncoin (TON)?
TON Coin (TON) is a virtual currency used on the blockchain platform "The Open Network" developed by the team that developed the globally used messaging app "Telegram."Huge user baseとRobust security technologyIts unique feature is that it enables safe and high-speed transactions by utilizing the
An innovative cryptocurrency created by Telegram
Telegram is known as a messaging app that focuses on privacy protection and has more than 5 million users worldwide. Toncoin will build on this huge community toBuilding Distributed ServicesIt was developed with the aim of:
Background of the birth of Toncoin
Telegram initially aimed to raise a large amount of funds through its own ICO (Initial Coin Offering), but this was thwarted due to legal issues with the U.S. Securities and Exchange Commission (SEC). The community then took over development, and Toncoin was officially launched in May 2020.
2. Toncoin price trends and future prospects
Toncoin has been steadily increasing in price since it was listed on the domestic exchange BITPOINT in October 2023. In 10, with the strengthening of cooperation with Telegram and the progress of development of The Open Network,Further price increasesis expected.
What are the price forecasts for 2024?
Experts predict that by the end of 2024, the price of Toncoin will$1 per TONThe expansion of Telegram's user base and the popularity of dApps developed on The Open Network are said to be the main factors behind the price increase.
Expert opinion
Many cryptocurrency analysts have high expectations for Toncoin's future. Telegram's brand power, technological advantages, and large community presence are the driving forces behind Toncoin's growth.Long-term growthWe believe this will support the
You have not selected any currency to display3. Technical Features of Toncoin
Toncoin ishigh speed,Safety,ScalabilityIt uses innovative blockchain technology that combines
- Proof-of-Stake (PoS) consensus algorithm: Adopts PoS, which has low environmental impact and is highly scalable.
- Sharding: High-speed transaction processing is achieved by dividing the network into multiple shards and processing in parallel.
- Instant Hypercube Routing: A technology that instantly finds the optimal route within a network and minimizes communication delays.
- 2-D Distributed Ledger: Expanding on the traditional concept of blockchain, it enables more flexible and efficient data management.
Differences from other cryptocurrencies
These technologies make Toncoin more cost-effective than existing virtual currencies such as Bitcoin and Ethereum.Fast and low costThe ability to trade at is a major advantage.
4. Advantages and disadvantages of Toncoin
Benefit
- Telegram integration: Telegram users will be able to send and receive Toncoin seamlessly.
- Future Prospects: If a variety of dApps are developed on The Open Network, the use cases for Toncoin will expand and its value may increase.
- Environmental performance: Because it uses PoS, it has a lower environmental impact than virtual currencies that use PoW.
Demerit
- The Open Network development status: The Open Network is still in the development stage and technical challenges and risks remain.
- Conflict Presence: Competition with other blockchain platforms is fierce, and it is unclear how widespread The Open Network will become.
- Regulatory risks: Regulation in the virtual currency market is fluid, and any future tightening of regulations may affect the price and use of Toncoin.
5. How to buy Toncoin
Currently, in Japan, you can only purchase TONCOINS with BITPOINTS.
- Open an account with BITPOINT
- Submit your identity document
- Deposit Japanese Yen
- Buy Toncoin
6. Summary
Toncoin has a huge community on Telegram.innovative technologyとHigh future potentialIt is a cryptocurrency that has potential. Its price is expected to rise further in 2024, so if you are interested in cryptocurrency investment, be sure to check out Toncoin.
免責事項: Cryptocurrency investment involves the risk of price fluctuation. Please make your own investment decisions and take responsibility for them.
Useful links:
- The Open Network: https://ton.org/