1. What is TON Coin?
TON Coin is a decentralized digital currency of the Telegram Open Network (TON). Its main goal is to provide secure and fast transactions inside the blockchain.
2. How can I buy TON Coin?
You can purchase TON Coin through Binance, Coinbase, and Kraken crypto exchanges. Also you can buy TON via user-friendly itez on-ramp service, where you can pay for crypto with a bank card or SEPA.
3. Is TON Coin a good investment?
As with any coin, it’s important to do your own research and consider all the risks, as the cryptocurrency market can be volatile. One of the remarkable events that could add more trust to TON is its recent collaboration with the Telegram messenger.
4. What is the total supply of TON Coin?
The TON Coin's maximum total supply is limited by 5 billion coins.
5. How does TON Coin differ from other cryptocurrencies?
Well, TON Coin aims to differentiate itself by offering fast and secure transactions on the TON blockchain. The TON Foundation touts being the fastest among other blockchains, with a maximum speed of 104,715 TPS.
6. Can I mine TON Coin?
No, TON Coin runs on a Proof-of-Stake (PoS) consensus mechanism. Thus, it can't be mined.
7. What is the Telegram Open Network (TON)?
TON is a blockchain platform that was initially created by Telegram. Now, it's developed by the TON Foundation. TON takes a unique approach to scalability as it distributes the workload between different chains that collaborate with the master chain. This way helps the blockchain be very light and fast.
8. Who created TON Coin?
TON Coin was originally created by Nikolai and Pavel Durov, the founders of the messenger Telegram. Now it's fully managed by the TON Foundation.
9. What are some popular wallets for storing TON Coin?
Some popular wallets for storing TON Coins are MetaMusk, Trust Wallet, and Ledger.
10. Can I use TON Coin for online purchases?
Well, it depends on whether the chosen merchant even accepts TON Coin as a means of payment. Some places do have such option, but some don't.