The native cryptocurrency of the decentralized layer-1 blockchain known as the TON network is called Toncoin, or simply Tonkeeper Wallet Extension . It was formerly the idea behind the well-known messaging app Telegram, but it changed its name to The Open Network as it developed.

This blockchain network is unique in the cryptocurrency space today because it can provide transaction speeds never seen before. Its stable programming environment is also ideal for creating cutting-edge smart contract applications. For its network, Toncoin serves as a fee for transaction processing and facilitates the creation of decentralized applications (dApps) within the TON ecosystem, among other tasks.