TON stands for "The Open Network" and is a secure, fast, and scalable blockchain project that enables fast transactions and supports a wide range of decentralized applications (DApps).
TON Crystal (TON) is the project’s native token. TON is used to pay transaction fees, secure the network, and vote on governance proposals.
Read on to learn everything you need to know about the TON community-driven blockchain project and where, why, and how to buy TON coin.&
Let's get started.&
Where to Buy Ton Token
The TON token isn't available on major cryptocurrency exchanges such as Binance, Coinbase, FTX, Bybit, Kucoin, Huobi Global, etc. Usually, investors can expect an 80% increase in the valuation of crypto assets in the immediate aftermath of being listed on popular exchanges. So this might be the right time to get into the game and buy TON tokens for less. The crypto exchanges to buy the TON token include:
- OKX
- BitMart
- MEXC
- Exmo
In this article, we'll demonstrate how to buy TON tokens on OKX and Bitmart, a centralized and decentralized exchange, to help you choose the right platform suitable for your needs.
How to Buy Ton Token on Bitmart
BitMart is one of the largest and most popular crypto exchanges worldwide, with more than 5 million active users from more than 180 countries. However, the exchange is available for US users without advanced features such as lending and earning. BitMart charges some of the lowest trading fees in the crypto market, with trading fees reducing with the increase of your trading volume.&
The exchange supports more than 1000 different crypto assets, including the TON token. BitMart supports fiat currency and several payment methods, such as debit/credit cards, PayPal, and payment gateways like MoonPay, Simplex, etc. Follow our step-by-step guide on how to buy TON token on BitMart:&
Create a Bitmart Account
The first step is to create a BitMart user account by providing your email ID or phone number and setting a strong password. This process usually takes a few minutes; then, you must verify your account and undergo KYC verification to access the exchange's full features. There are two levels of identity verification: Level 1, Starter, only requires you to verify your email and phone number to start buying or selling cryptocurrencies, while Level 2, Advanced, requires you to provide a government-issued ID and undergo facial recognition. This process is fast, and you can benefit from the exchange's full features once completed.
Deposit Funds
The next step is to deposit funds into your account. Since the TON token is available only in the TON/USDT trading pair, you must deposit USDT into your account. You can either transfer USDT directly from your existing crypto wallets to your BitMart wallet or buy USDT directly using your preferred payment method. Navigate to Buy & Sell in the top left corner, click the drop-down menu, and select USDT. Now, enter the amount of USD you wish to buy USDT for and complete the transaction.
Buy TON Token
The last step is to buy a TON token by clicking on Markets and searching for TON. Click TON/USDT, and you'll be directed to the TON/USDT spot trading page. Enter the amount of USDT you wish to buy a TON token for and click Buy TON. The order will be fulfilled within seconds, and the TON tokens will be displayed in your crypto wallet.
Congratulations on your purchase of the TON token on BitMart.
How to Buy TON Token on OKX
OKX is one of the world's most popular and widely used crypto exchanges. It has astronomically low trading fees and a straightforward process of buying crypto assets. Remember, however, that OKX is not yet available in the US. Follow our step-by-guide to buy TON tokens on OKX:
Create an Account
To buy TON token on OKX, you must first create an account by providing your email ID or phone number and setting up a strong password to keep your account safe. After verifying your email or phone number, you must undergo KYC verification to access the exchange's full features by providing your government-issued ID and undergoing facial recognition.
Deposit Funds
The next step in buying TON tokens on OKX is to deposit funds into your account. TON is available on OKX in TON/USDT trading pair only, so you must have USDT in your wallet. You can transfer USDT directly from your existing crypto wallets to your OKX wallet. You can also buy USDT directly on OKX through debit or credit cards, peer-to-peer trading, or third-party payment gateways such as Banxa. Click on Buy Crypto at the top left corner, select USDT, enter the amount you wish to buy USDT for, and complete the transaction. USDT should appear in your account shortly.
Buy TON Token
Click Discover, and from the top-down menu, click Markets. Search for TON and click the TON/USDT trading pair, and you'll be redirected to the spot trade for TON/USDT. Enter the amount of USDT you wish to buy TON token for and press Buy. Your order will be fulfilled within seconds, and the TON tokens will be displayed in your OKX wallet.
Congratulations on your successful purchase of TON tokens on OKX.
Store Your TON Coin
Whether you want to trade crypto assets actively or HODL for the long run, you must decide where to store your assets securely. While your TON tokens can be stored in your brokerage exchange wallet, experts highly recommend storing your precious coins away from exchange wallets, as those might be susceptible to hacks and interference.& Moreover, centralized exchanges tend to halt trading in a particular asset during times of crisis, like the recent Terra Luna collapse.
We highly recommend storing your crypto assets in a private wallet with your own set of keys. Depending on your investing preferences, you might choose between software and hardware wallets:&
Software Wallets
A software wallet, also known as a hot wallet, is always connected to the internet. When setting up a software wallet, you must save your private key and seed phrase safely and securely because you won't be able to access your assets if you lose your password. Metamask, Trust Wallet, and CoinStats Wallet are some of the best options available in the market.
Hardware Wallets
Hardware wallets, also known as cold wallets, securely store your crypto offline, thereby significantly reducing the risks of a hack. They are secured by a pin and will erase all information after many failed attempts, preventing physical theft. Hardware wallets also let you sign and confirm transactions on the blockchain, giving you an extra layer of protection against cyber attacks. These are more suitable for experienced users who own large amounts of tokens.
Ledger hardware wallets are arguably the most secure hardware wallets letting you securely manage your digital assets.
Examples of cold wallets are Trezor Model T, Ledger Nano X, CoolWallet Pro, KeepKey, Ellipal Titan, and SafePal S1, amongst others.&
Track TON Tokens
The crypto market is volatile, and managing your portfolio could get tricky if you hold multiple assets. Utilizing a portfolio tracker will help you keep track of your TON tokens and all your crypto investments from one platform at all times. CoinStats offers one of the best crypto portfolio trackers in the market; you can find more information here.&
You can also monitor TON's profit, loss, and liquidity across several exchanges on CoinStats.
CoinStats supports over 250 cryptocurrency exchanges and over 7,000 cryptocurrencies. It offers charting tools, analytical data, advanced search features, and up-to-date news. Here you have the opportunity to connect an unlimited number of portfolios (wallets and exchanges), including:
- Binance
- MetaMask
- Trust Wallet
- Coinbase
- Kraken
- Kucoin
- Bitstamp and 500 others.&
To connect, go to the CoinStats Portfolio Tracker page and:
- Click Add Portfolio and Connect Wallet.
- Click the wallet you want to connect to (e.g., Ethereum Wallet).
- Input the wallet address and press Submit.
What Is TON
TON is a blockchain-based ecosystem aiming to provide Web3 internet with decentralized storage, instant, secure, inexpensive payments, and other decentralized services.&
According to the whitepaper, TON is designed to be a flexible multi-blockchain platform capable of processing millions of transactions per second with smart contracts, multi-currency value allocation, upgradable blockchain specifications, etc.
TON also enables user-friendly interfaces for smart contracts, decentralized apps (DApps), and decentralized browsing experiences. It also seeks to provide a browsable registry of DApps and services and TON payments, a platform for micropayments.
To ensure anonymity and online privacy, the& platform offers the TON proxy feature that enables the creation of decentralized VPN services and TON alternatives based on blockchain,
TONCOIN is the platform's native currency used for transaction and gas fees and storage payments. TONCOIN tokens are also used as a payment method for the DApp services on the TON platform and for creating new work chains. Token holders have voting power to make changes in the protocol's features.
TON History
TON token is the Tokamak Network's native token. TON was created by the Durov brothers, the Telegram Messenger founders, in 2018. It was later handed over to the open TON community, and a subsequent and separate project known as Free TON came to life in 2020. Free TON operates without Telegram as a blockchain formed from the original project’s code. Other TON solutions have also arisen based on available open-source data.
The Tokamak Network was established in 2020 and is a Layer 2 solution built on the Ethereum blockchain. As a result, it provides the safety and security of the Ethereum network while simultaneously providing scalability solutions for processing transactions. TON is designed as a protocol platform for building and interconnecting Layer 2 networks. Layer 2 solutions use Ethereum's smart contracts to provide usability and scalability.
The Tokamak network is decentralized and governed by TON stakeholders. The decentralized nature of governance allows the network to go through upgrades, ecosystem expansion, and protocol improvement autonomously. The network has received partnerships and grants like the Ethereum Foundation grants, MakerDAO, Polygon, and Chainlink, among other big names in the crypto world.
Kevin Jeong and June Sim are the CEO and co-CEO of the Tokamak Network.
TON Tokenomics
The TON token was launched in August 2020. The token has a circulating supply of 44,417,783, with a market cap of USD 72.4 million. The token's total supply is capped at 50,000,000 tokens, and the fully diluted valuation or market cap is USD 187.5 million. The token reached an all-time high price of USD 28.53 on April 3rd, 2021, and has decreased drastically since then. The token's price and market cap are bound to rise when the next bull run starts, so it might be the right time to invest in some TON tokens. To check the TON token current price, go to TON price.
Conclusion
As use cases for Ethereum and the smart contracts-enabled crypto solutions grow, the future is bright for the TON token, and the token's price and market cap will only increase in the long run.
Bear markets are considered the best time to invest in assets like stocks, bonds, or crypto. So, buying TON and other crypto assets right now can be the investment that changes your life for the better and brings you financial freedom shortly.
Disclaimer: Nothing in this article is a piece of financial advice, and you should make your own decision before investing in assets as risky and unregulated as cryptocurrencies.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments