The Open Network (TON) is a next-generation platform with a market cap already over $9 billion, and interest in the project keeps growing fast. Originally developed by the Telegram team, TON set a high standard for quality and scalability from the start. Although the network now operates independently, its close connection to Telegram remains a major advantage, providing access to its user base of over one billion people. At the heart of this advanced ecosystem is Toncoin (TON), its native token. It’s like the heartbeat of the system - powering its growth, operations, and long-term stability.
What Is Toncoin?
Toncoin (TON) is the native cryptocurrency of the TON blockchain. It is used to pay fees, run smart contracts, stake, and exchange assets within the network. TON is designed to be lightning-fast and incredibly affordable. This level of performance is made possible by the unique TON architecture, which includes dynamic sharding and workchains. These technologies enable the processing of millions of transactions per second while maintaining high levels of security and decentralization.
TON Tokenomics
Total Supply: 5,126,239,989 TON
Annual Inflation: ~0.6%
Total Accounts: 147,581,199
To manage TON, you will need a reliable wallet that supports all the network’s functionality.
Source: tonstat.com
What Is TON Wallet?
TON Wallet is your key to everything the TON ecosystem has to offer. It is a digital app or device that allows you to store, send, and receive Toncoin and other assets within the network. Unlike centralized wallets and exchanges, TON Wallet is a self-custodial wallet with open-source code, meaning you are the only one who controls your private keys and access to your assets, without any third parties involved.
What Is TON Wallet Used For?
TON Wallet allows you to do more than just store TON. Below are some key features that become available with the wallet.
Jettons: Tokens in the TON Ecosystem
Think of Jettons as the equivalent of ERC-20 tokens on Ethereum - but faster, cheaper, and more scalable. Jettons are user-created tokens in the TON blockchain. They are built on smart contracts and offer a wide range of possibilities, from stablecoins to meme coins and governance tokens in DAOs. Currently, there are over 26 million Jetton Wallets with active balances in the TON network, showing the rapid growth of this sector.
Note: When sending Jettons, there must be enough TON in the wallet to cover network fees.
Stablecoins Inside TON Wallet
In TON Wallet, you can easily use stablecoins - cryptocurrencies pegged 1:1 to the US dollar. The most popular of them is USDT, which is already used by over 2.8 million wallets in the TON network. It ensures stable transactions and instant transfers with minimal fees.
Also available is oUSDC - a version of the USDC stablecoin brought into TON through the Orbit Bridge. It offers the same advantages of stable value and is used just like regular USDC, but within the TON ecosystem.
Meme Coins on the TON Blockchain
Since the rise of Dogecoin, meme coins have become an essential part of crypto culture - fun, viral tokens created by the community for humor, memes, and experimentation. TON fully embraces this trend: with TON Wallet, you can easily buy, store, and send meme coins right from your wallet.
The total market cap of meme coins on TON currently stands at $327 million, and it keeps growing alongside community activity. TON’s deep integration with Telegram gives meme coin projects direct access to a massive audience of nearly 1 billion users, enabling seamless community building, giveaways, meme campaigns, and viral marketing through social features.
TON NFTs
With TON Wallet, you can easily store, transfer, and interact with NFTs - unique digital items such as collectible cards, artwork, music, and more. TON provides a reliable infrastructure for creating and managing NFTs, and the wallet gives you easy access to all of these features.
TON Staking
TON Wallet allows you to participate in TON staking. You can delegate your tokens and earn rewards for supporting the security and stability of the network. Everything can be done in a few clicks directly in the wallet: choose a validator, specify the amount, and confirm the transaction.
TON Swap
Want to quickly swap TON for Jettons, or other tokens in the TON network? TON Wallet supports instant swaps integrated with decentralized exchanges. There’s no need to move assets or connect to external platforms - everything happens directly within the wallet. Keep in mind that a small amount of TON will be needed in your balance to cover network fees.
TON Swap. Source: Gem Wallet
How to Create a TON Wallet
Creating a wallet for the TON network is a quick and simple process that will only take a few minutes. Here are the main steps:
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Create TON Wallet: Install the TON Wallet app for iOS or Android from the official website or app store.
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Set Up TON Wallet: Open the app and follow the step-by-step instructions on the screen. Pay special attention to the security steps.
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Save the Recovery Phrase: The wallet will generate a seed phrase - a set of words that gives full access to your wallet. Make sure to write it down and store it in a safe place. Losing the seed phrase means losing access to your assets.
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Set a Password: Choose a strong password to protect access to your wallet on the device.
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Generate a TON Address: After setting up your wallet, you’ll get a public TON address. You can safely use this to receive tokens from friends, exchanges, or decentralized apps.
Create TON Wallet, Manage TON, and Receive TON. Source: Gem Wallet
Now your TON Wallet is fully ready to use! You can add your balance with TON tokens by transferring them from an exchange or another wallet. You can also purchase TON directly in the wallet using a сredit card - this is convenient and especially helpful for beginners. With tokens in your balance, you’ll be able to use all of TON’s features: from staking and swapping Toncoin to NFTs and decentralized apps.
