1. TON Price Today
2. Turkey’s Largest Crypto Platform Lists TON
3. What is Toncoin (TON)?

Today, Toncoin (TON) has shown a price surge of over 13%, reaching $7.1. The main reason behind this spike is the listing on Turkey's largest cryptocurrency exchange - BtcTurk.

TON Price Today

Today, Toncoin (TON) surged by over 13%, reaching $7.1. The token’s market cap is close to $18 billion at the time of writing this article. Earlier today, TON reached prices over $7.2.

Turkey’s Largest Crypto Platform Lists TON

Earlier today, the team behind TON announced via their X account that Turkey’s largest crypto trading platform, BtcTurk, has listed the TON token. According to the official announcement, deposits and withdrawals of TON are now live, and trading against the Turkish lira and USDt is set to begin on August 15, at 12:00 PM UTC. BtcTurk is one of Turkey’s first centralized exchanges and has been promoting crypto operations since 2013.

What is Toncoin (TON)?

Toncoin (TON) is the native cryptocurrency of the decentralized L1 blockchain, The Open Network. The TON blockchain is open-sourced and supported by many network contributors, including the TON Foundation. The main objectives of the project include solving issues of scalability, speed, and usability of blockchains. The development of TON began in 2018 under the leadership of Telegram founder Pavel Durov and his brother Nikolai. Initially, the project aimed to integrate the Gram cryptocurrency into the Telegram ecosystem for transactions and access to Dapps. In 2020, the US SEC forced Telegram to cease its involvement in the project, which was later revived by the open-source community and rebranded as The Open Network. The Open Network features an interoperable architecture that allows for the creation of various services and Dapps. The project is community-driven and includes important use cases.

The listing of Toncoin (TON) on BtcTurk marks a significant milestone in the cryptocurrency's development, which contributed to the recent price surge. The TON platform continues to attract attention due to its scalability, speed, and usability, making it promising for further growth.