| General information | |
|---|---|
| Global rank: | 9 |
| Name: |
Toncoin |
| Symbol: | TON |
| Current coin price (XCD): | 15.55 $ |
| Last hour: | arrow_upward1 % |
| Last 24 hours: | arrow_downward-1.69 % |
| Last 7 days: | 2.99 %trending_up |
| Capitalisation (XCD): | 39 282 668 833.53 $ |
| Volume 24h (XCD): | 662 144 267.82 $ |
| Available supply: | 2 525 743 459.00 TON |
| Total coin supply: | -1 TON |
| Start date: | 2020-08-12 |
Toncoin/East Caribbean Dollar (TON/XCD) price chart
Toncoin/East Caribbean Dollar (TON/XCD) capitalisation and volume charts
The Tokamak Network is a platform designed to offer decentralization and security akin to the Ethereum Main chain, while also supporting enhanced scalability and extendability. This is achieved through the platform's ability to enable each decentralized application (Dapp) to operate on its own chain, connected to Ethereum's Main Chain via the Tokamak Protocol. This network aims to facilitate the development of Dapps for specific purposes with ease.
The TON token, native to the Tokamak Network, plays a crucial role in ensuring the correct decentralization of the Tokamak Plasma Chain. It acts as an incentive for service operators, who must deposit TON to open a Plasma Chain. The deposit will gradually increase if the chain operates correctly. However, if technical issues occur in the chain and a challenger raises an issue, the deposit serves as a reward for the challenger. TON is also used to charge Stamina, a transaction fee in the Plasma Chain, which is recharged after a certain period and does not disappear until it is withdrawn.
Tokamak Network is developed by Onther, a company that has been working on Plasma since 2017. In 2019, Onther was announced as a recipient of an Ethereum Foundation grant by Vitalik Buterin, the co-founder of Ethereum.