Key Points
- Toncoin (TON) recorded a value surge at present of over 13%.
- Earlier the group behind TON introduced by way of X that BtcTurk crypto change listed TON token.
Today, Toncoin (TON)’s value surged by over 13%, reaching $7.1. The token’s market cap is near $18 billion in the meanwhile of writing this text.
Earlier at present, TON reached costs over $7.2.
Turkey’s Largest Crypto Platform Lists TON
The group behind the TON blockchain shared a publish by way of their X account earlier, saying that Turkey’s largest crypto buying and selling platform has listed TON.
According to their official announcement, BtcTurk notes that deposits and withdrawals of TON are actually reside and buying and selling towards the Turkish lira and USDt is ready to start on August 15, at 12:00 PM UTC.
The announcement additionally notes that BtcTurk is one in every of Turkey’s first centralized exchanges and it facilitated the primary Bitcoin buy in Turkish lira on July 1, 2013.
The platform reportedly serves over 5 million registered customers and affords 24.7 Turkish lira deposits and withdrawals by way of integration with seven Turkish banks, providing low change charges to customers.
🔈 @BtcTurkKripto, Turkey’s largest crypto buying and selling platform, has listed $TON!
Deposits and withdrawals for $TON are actually reside, with buying and selling towards the Turkish lira and $USDt set to start on August 15 at 12:00 PM UTC. 💎
As one in every of Turkey’s first centralized exchanges, BtcTurk… pic.twitter.com/VRTZ67ZkQD
— TON 💎 (@ton_blockchain) August 14, 2024
What is Toncoin (TON)?
Toncoin (TON) is the native crypto of the decentralized L1 blockchain, The Open Network. The TON blockchain is open-sourced and supported by a number of community contributors together with the TON Foundation.
The Open Network goals to handle frequent limitations which might be confronted by blockchains together with the next:
- Scalability
- Speed
- Usability
The growth of TON began in 2018 led by Telegram founder, Pavel Durov and his brother Nikolai Durov. At first, the mission aimed to combine a blockchain-based crypto Gram into the Telegram ecosystem that may permit customers to make transactions and entry Dapps from the messaging app.
The US SEC pressured Telegram to halt its involvement within the mission in 2020. The mission was later revived by the open-source neighborhood and rebranded to The Open Network.
The Open Network is constructed with an interoperable structure that enables customers to create numerous providers and dApps. The mission is community-driven and contains necessary use circumstances.
TON affords scalability, quick transactions, and a versatile multi-chain structure and the Telegram integration and robust design options provide the mission a robust basis.
On August 8, we reported that Binance additionally listed TON.
