TON validators set to vote on tokenomics proposal to adjust Toncoin circulating supply

Today, TON validators will vote on a proposal to adjust the circulating supply of the Toncoin. If approved, the Toncoin circulating supply will be reduced by 20%— freezing it for the next 48 months and then unfreezing it.

Timeline of Toncoin

TON validators are set to vote on a proposal that could adjust the supply of Toncoin by freezing 1 billion tokens for the next 48 months before eventually unfreezing it.  The proposal aims for greater decentralization and, if executed, could see the supply of Toncoin drop by around 20%.

Margex users can now deposit TON and use it as collateral to trade all available pairs on the platform MOSCOW , Jan. 27, 2023 /PRNewswire/ -- Margex, a leading cryptocurrency exchange platform, is proud to announce that it is among the first exchanges to offer Telegram's TON coin to its users. The addition of TON coin to the platform's list of available options will provide users with more opportunities to diversify their portfolios and take advantage of different market trends, settling all trading outcomes in TON.

Fans of the TON cryptocurrency now have a new way to trade their favorite altcoin following its addition to the options trading markets on the popular exchange platforms BIT and Paradigm.  BIT said that TON options trading is available on its platform now, while Paradigm is planning to go live with the token in the coming weeks, thanks to a close collaboration with technology partners Darley Technologies and DWF Labs, which are providing market making services.

The decision to introduce the options suggests growing investor interest in derivatives tied to alternative cryptocurrencies. TON is the native cryptocurrency of the decentralized layer 1 blockchain The Open Network.

The TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has announced a global hackathon in collaboration with DoraHacks, a global hacker organization that “acts as a bridge, connecting hackers to enterprise challenges and entrepreneurial ideas.

Toncoin (CRYPTO:TON) has rallied over 34% in the past seven days, trading at $2.69, recorded on Monday at 12 a.m. EST. What Happened: Apex cryptocurrency Bitcoin (CRYPTO: BTC) lost 1.20% over the past seven days, falling below the $17,000 mark, while Ethereum (CRYPTO: ETH) shed 5.02% and Dogecoin (CRYPTO: DOGE)  declined by 11.60% during this period.

One altcoin project based on Ethereum (ETH) has quietly outperformed most of the crypto market this month, embarking on a rally after tech entrepreneur Pavel Durov made an announcement.

After breaking out from the $2.30 horizontal resistance area, the Toncoin (TON) price only faces Fib resistance until a new all-time high. The post What's Behind The 40% Toncoin Price Increase?

Telegram has sold $50 million usernames on The Open Network as the messaging app giant says it aims to capitalize on blockchain tools. The post Telegram sells usernames worth $50 million on the Open Network blockchain appeared first on The Block.

The Open Network has enjoyed massive media recognition in the last few weeks, resulting in impressive gains. The blockchain's native token, TON, is currently among the top cryptos leading the market in weekly gains.