The rise of TON (The Open Network) last year was remarkable. Since April, the TON Foundation has announced many exciting developments, including high-level negotiations on stablecoin adoption in Cameroon, Republic of Congo and Democratic Republic of the Congo. Other news included the creation of large ecosystem funds such as the Toncoin Fund created in April this year and his $90 million TON Alpha-Vista Fund in July. I’m here.
Recently, the TON Foundation announced Telegram’s intention to launch a marketplace for tokenized Telegram handles built on TON. A partnership with Huobi Global was also announced by him in September. This included listing TONCoin, TON’s native token on the Huobi exchange. Following this announcement, it seems more exchanges are following suit. KuCoin, the world’s fifth-largest exchange by trading volume, according to CoinMarketCap, today announced that Toncoin will be available for trading on its platform from the 27th.th October.
Toncoin is the native token of TON, a third-generation proof-of-stake blockchain originally designed in 2018 by the Durov brothers, founders of Telegram Messenger. It was then handed over to the open TON community, where it has been supported and developed ever since.
TON is designed for lightning-fast transactions, is cheap to use, user-friendly, and fully scalable. The TON Foundation is a non-profit group of supporters and contributors to help further the growth of the TON blockchain.
KuCoin Ventures, the venture arm of KuCoin, previously worked with the TON ecosystem and led the creation of the $250 million Toncoin Ecosystem Fund together with the Huobi Incubator. This latest announcement continues TON’s longstanding collaboration with his KuCoin.
Toncoin will be available for trading on the TON/USDT spot pair. The list is marked by a number of activities to further this pivotal moment in TON’s story. These activities include airdrops, contests, etc. Staking incentives will also be implemented with generous APRs for a limited promotional period.