All about TON: type of blockchain, where to buy and exchange, how to store, and TON price prediction

TON (Telegram Open Network) was launched by a popular Telegram messenger in 2018 with the aim of onboarding more users and enabling them to perform rapid and cheap transactions.

Along with such benefits as very low fees and a speedy transaction processing, the network is know for its incredibly flexible architecture. Until 2020, the blockchain was in active development, and after that, the hype around it calmed.

Problems That TON Had to Handle

Telegram was attempting to conduct an ICO in the USA and thus, attracted unwished attention of the SEC. After a long fight in the court, Pavel Durov, the Telegram founder, lost the case, and had to abandon the token and the blockchain by ending the Telegram participation in it, and started issuing refunds to the investors.

A Strong TON Community

By then though the project had a strong community of followers. The worldwide community of developers also saw a huge potential of the new blockchain. And, as TON was developed as an open-source blockchain, and was available on GitHub, it could be easily picked up. It was eventually done, and a decentralized community of developers created a new functionality of the blockchain by giving the TON a new life.

As speed of transaction processing is the major problem that the majority of blockchains face, the new blockchain was improved with the aim to enable the processing of millions of transactions per second.

Where to Buy and Exchange TON

TON is a popular coin and as such, is available on major centralized and the majority of decentralized exchanges. LetsExchange supports TON and allows you to buy the token in unlimited numbers, without account verification and a mandatory registration.

To buy TON with one of the supported coins and tokens, perform the following actions:

In the exchange widget, pick the coin you want to swap for TON in the You Send field.
Provide the sum of the coins to sell.
In the You Get field, pick TON. The sum to receive will be calculated automatically.
Provide the wallet address where you want to get TON.
Send the deposit to the wallet address provided by LetsExchange.
Wait till the swap is completed, and the TON tokens are sent to your wallet. After that, you can download the receipt with the transaction details.

How to Store TON

The TON token runs not only on its own blockchain but also on the Ethereum and Binance networks. Thus, any wallet that supports ERC20 and BEP20 standards can be used to store your TON tokens.

LetsExchange has a list of recommended wallets, and we suggest you choose one of them:

Exodus
Edge
Trezor
Trustee
HASHWallet
BC Vault

TON Price Prediciton

TON has perspectives to grow, and we are already observing how positive price predictions start coming true.

It was expected that by the end of 2023, TON would reach the value of $2. At the moment of writing, on the 4th of October, this value is almost reached (TON is traded at $1.96), and the token continues growing.

By the end of the year, it is expected to increase in price to approx. $2.25.

In 2024, TON is forecasted to trade within the range between $1.7 and $3.44.

By the end of 2025, TON is expected to grow at a more rapid rate and reach the mark of $9.96 which will make a 394% growth.

2030 will be marked by TON taking a new milestone of $10.

Conclusion

TOn is a promising token that runs on an efficient blockchain with a lot of use cases and development opportunities. The fact that after Telegram abandoned the blockchain, it was still picked up, and its development continues, tells a lot about it potential.