Toncoin entra en la lista de Binance y su valor se dispara
TON coin (TON), the native cryptocurrency of The Open Network, was listed on the Binance exchange on August 8, 2024.
The spot trading pairs already available on the platform are : TON/BTC (bitcoin), TON/USDT, TON/FDUSD (First Digital USD), and TON/TRY (Turkish lira).
Within this context, the digital asset’s price has experienced an increase, and in the last 24 hours, it has risen by 15%. At the time of publication, its price is $6.28.
Binance stated that this asset has a seed tag due to being an “innovative project” that “may exhibit higher volatility and risks compared to other listed tokens”.
However, it is important to note that this is a project that has been in development for years, it is in the top 10 of cryptocurrencies, has received billion-dollar investments, and has connections with the messaging app Telegram and the company Tether.
TON Network Growth
The inclusion of this token on Binance comes amidst significant growth of The Open Network (TON, the same initials as its cryptocurrency). As previously reported by CriptoNoticias, there have been developments, partnerships, and functionalities within this ecosystem that have benefited TON.
The network is known for its ability to execute smart contracts and operates on the proof of stake (PoS) consensus algorithm. It hosts hundreds of applications, wallets, DeFi protocols, and video games.
Most notably, it is widely used on Telegram as it offers the ability to run games like Notcoin and Hamster Kombat.
In April 2024, the issuer of the stablecoin USDT, Tether, expanded to the TON network.
The integration aimed to “facilitate seamless value transfers” between users of the TON ecosystem and other networks, providing a “fast, secure, and cost-effective process”, as reported back then.
Within two months of its launch on this network, over 500 million USDT were issued. This marked the fastest growth in Tether’s history. Additionally, they stated:
“Sending digital dollars to anyone, anywhere, as easily as sending a text message is a reality for people worldwide. What is more real than that?”.
The Open Network communications team.
According to DefiLlama data, the TON network currently holds over 600 million dollars in deposited funds, distributed across various protocols and dApps with cryptocurrencies and tokens.
