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Toncoin (TON) is a first-layer decentralized blockchain developed in 2018 by the messaging app Telegram. The project was abandoned in 2020, but it was continued by a non-profit group of supporters and an independent community of enthusiasts who named themselves the TON Foundation.
Toncoin is the native cryptocurrency of the TON network. The initial idea was to integrate TON into a user-friendly application allowing users to buy/send/hold funds. Clients pay transaction fees and use TON to settle payments or confirm transactions. To scale and ensure network reliability, a proof-of-stake (PoS) consensus model is employed.
According to the project's website, the platform provides its clients with fast, transparent, and secure payment services, facilitating transactions with minimal fees and third-party applications. The developers' mission is to build a complete ecosystem with decentralized storage, decentralized services, a domain name system (similar to DNS), an anonymous network, an instant payment platform, and accessible/fast transaction processing.
Apart from developing the TON network itself, developers are also working on creating various applications and services that will utilize this network. One such application is the game NotCoin, which allows users to earn TON tokens by simply clicking on the screen.
This game was introduced at the TON Conference in Dubai in January 2023. The game includes personal rankings, team leagues, and gamification elements. Currently, the project has transitioned into the main stage, and in the future, all accumulated points are likely to be converted into full-fledged tokens.
To expedite the token-earning process, users can invite friends or purchase different income accelerators. Some users employ auto-clickers for their phones, but we do not recommend abusing or violating the game rules.
At present (January 2024), it is not possible to withdraw coins from the NotCoin balance. However, most likely, after the completion of the testing period, the TON team will perform some form of recalibration or drop.
The Open Network is an ambitious project aiming to create a decentralized network with fast, secure, and accessible payment services. Despite facing challenges in its early stages, the project continues to evolve and has the potential to become a significant part of the blockchain ecosystem.