Toncoin [TON] Explained Simply For Beginners
Read summaryTelegram Open Network (TON) is a cryptocurrency project aiming to create a decentralized super app similar to Elon Musk's X, combining social media, payments, and shopping. Originally created by Telegram in 2018, TON raised $1.7 billion in private funding but faced regulatory issues and was abandoned. However, a new company called Newton took over in 2021 and rebranded TON as Simply the Open Network. With Telegram's stamp of approval and over 900 million monthly active users, TON has a strategic advantage to onboard users quickly. The blockchain boasts high-speed capabilities, setting a world record for transactions per second. TON token is used for transactions on the network, allowing users to buy, send, and store money easily. With growing partnerships and integration into the Telegram app, TON has the potential to become a major player in the cryptocurrency market. But remember, crypto investing is risky, and do your own research 💰📈.
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