Quotes of the Toncoin (TON) token approached the $2 level, but could not overcome the psychological barrier. Over the past day, the asset has risen in price by 11%, according to CoinGecko.
TON/USDT hourly chart of OKX exchange. Data: TradingView.
At the time of writing, Toncoin is trading at $1.9 and is ranked #12 on CoinGecko’s digital asset rankings with a capitalization of $6.6 billion.
In August, the number of registered addresses in the project network exceeded 3.2 million. In the same month, the official bridge between TON and Ethereum supported the transfer of all ERC-20 tokens.
In July, developers integrated message encryption into the TON network. This ensures that only the sender and recipient can see the encrypted information.
Earlier, the TON Foundation proposed to burn 50% of the rewards of the validators. The proposal is similar to Ethereum’s EIP-1559 strategy, which resulted in lower network inflation.
Recall that in July, Telegram CEO Pavel Durov admitted that he was holding a certain amount of bitcoins and “a little” Toncoin.
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2023-09-02 07:40:46
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