Toncoin / Gram (The Open Network)

TON Launched 2020 source

What this page is: neutral, sourced facts about Toncoin / Gram (The Open Network). Every line links where it was checked. 12 facts, 4 from primary sources. Educational, not financial advice.

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Launch

The TON Foundation, which launched and developed The Open Network (TON), was established by Anatoliy Makosov and Kirill Emelianenko. secondary source source

Founders and creators

Original design by Telegram (Nikolai and Pavel Durov); continued by the TON community. primary source source

Origin story

Telegram agreed to return more than $1.2 billion to investors and pay a $18.5 million penalty after the SEC case over its Grams offering. primary source source
The TON whitepaper describes The Open Network as based on the work of Dr. Nikolai Durov. primary source source
Telegram dropped its blockchain plans in 2020; in early July 2020 testgiver contracts let users obtain pre-mined tokens using a proof-of-work algorithm, and The Open Network was previously named Newton. secondary source source

Stated purpose

TON (The Open Network) is a general-purpose blockchain that allows developers to build decentralized apps and tokens. secondary source source

Consensus mechanism

The TON blockchain utilizes the proof-of-stake (PoS) consensus model. secondary source source

Supply model

The TON whitepaper states the initial supply of TON coins will be limited to 5 Gigatons. primary source source

Main uses today

Wallet, a TON-based platform integrated into Telegram, enables P2P transactions and payments for merchants within Telegram. secondary source source

Key milestones

CoinGecko name: Gram (prev. Toncoin) (GRAM). secondary source source

Notable events and controversies

After a legal dispute with the U.S. Securities and Exchange Commission (SEC) caused Telegram to abandon the project in 2020, it has been developed by an independent, community-run body. secondary source source
In April 2024 Tether (USDT) issued a native TON version. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.