Toncoin (TON), the native cryptocurrency of The Open Community, was listed within the change Binance this August 8, 2024.
The spot buying and selling pairs which might be already accessible on the platform are: TON/BTC (bitcoin), TON/USDT, TON/FDUSD (First Digital USD) y TON/TRY (lira turca).
On this context, the value of the digital asset rose and Within the final 24 hours it has registered an increase of 15%On the time of publication of this observe, its value is $6.28.
Binance stated that this asset has the seed label as a result of it’s an “revolutionary mission” that “could exhibit better volatility and dangers in comparison with different listed tokens.”
Nevertheless, it ought to be famous that this can be a years-old mission, which is within the prime 10 cryptocurrencies, has multi-million greenback investments and ties to the messaging app Telegram and the corporate Tether.
TON Community Development
The inclusion of this token in Binance happens within the midst of serious progress of The Open Community (TON, the identical acronym as its cryptocurrency). As CriptoNoticias reported, there have been current developments, alliances and functionalities inside this ecosystem which have favored TON.
The community is characterised by its capacity to execute good contracts and operates on the proof-of-stake (PoS) consensus algorithm. It hosts lots of of functions, walletsprotocols DeFi and video video games.
Above all, it’s broadly utilized in Telegram because it affords the flexibility to run video games like Notcoin y Hamster Kombat.
In April 2024, the USDT stablecoin issuer Tether expanded to the TON community.
The combination was supposed to “facilitate a seamless switch of worth” between customers of the TON ecosystem and different networks, offering a “quick, safe and cost-effective course of,” it was reported on the time.
Inside two months of its launch on this community, greater than 500 million USDT have been issued. That is the quickest progress in Tether’s historical past. In addition they indicated:
“Sending digital {dollars} to anybody, anyplace, as simply as sending a textual content message is a actuality for folks all around the world. What’s extra actual than that?”
The Open Community Communications Crew.
Based on knowledge from DefiLlama, the TON community hosts greater than $600 million in deposited cash, distributed throughout totally different protocols and dApps with cryptocurrencies and tokens.