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 for transaction fees, network security, voting on governance proposals, and to pay transaction costs.
Learn everything you need about the TON project-driven blockchain and learn where to purchase TON coin.
Let’s get started.
Ton Token: Where Can You Buy It?
The TON token isn’t available on major cryptocurrency exchanges such as Binance, Coinbase, FTX, Bybit, Kucoin, Huobi Global, etc. Investors can usually expect an 80 percent increase in value of crypto assets after being listed on major exchanges. You might now be able to buy TON tokens cheaper and get involved in the crypto market. These are the crypto exchanges that can buy the TON token:
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.
Bitmart: Buy Ton Token
BitMart has over 5 million users, and is the biggest crypto exchange worldwide. It’s also one of most sought-after. The exchange is only available to US users and does not offer advanced features like lending or earning. BitMart has some of the most affordable trading fees on the crypto market. The trading fees decrease with increasing trading volumes.
There are more than 1000 crypto assets supported on the exchange including the TON token. BitMart allows fiat currency to be used along with several payment methods such as PayPal, debit/credit cards and PayPal. It also supports payment gateways, MoonPay, Simplex and other payment systems like MoonPay. Here’s how you can buy the TON token from BitMart.
Get a BitmartAccount
First, create a BitMart account. This involves providing an email ID and phone number as well as setting up 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. You can verify your phone number and email address to buy or sell cryptocurrencies. Level 2 Advanced requires that you provide an ID issued by the government and facial recognition. Level 1 is for beginners. This process is fast, and you can benefit from the exchange’s full features once completed.
You can deposit funds
You will need to deposit funds in your account. To get the TON token, deposit USDT in your account. The USDT can be transferred directly from existing crypto wallets into your BitMart wallet, or you may buy USDT with your preferred payment method. Navigate to Buy & Sell in the top left corner, click the drop-down menu, and select USDT. Enter the USD amount you want to purchase USDT and click the button to complete the transaction.
Buy TON Token
You can purchase a TON token last by clicking Markets, and then searching for TON. Click TON/USDT, and you’ll be directed to the TON/USDT spot trading page. Click Buy TON and enter the USDT amount you want to purchase a TON token. Within seconds your order will be completed and you will receive the TON tokens in your cryptocurrency wallet.
Thank you for purchasing the TON token from BitMart.
OKX: How do I buy TON Token?
OKX is one of the world’s most popular and widely used crypto exchanges. The trading fees are extremely low and it is easy to buy crypto assets. OKX cannot be purchased in the US, but it is available elsewhere. Our step-by-step guide will show you how to buy OKX tokens.
Register for an account
You must create an OKX account to purchase TON tokens. This involves providing your phone number or email address and creating a strong password. 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.
Next, deposit money into your OKX account to purchase TON tokens. OKX only offers TON in the TON/USDT trading pairs. To be able to purchase TON, you will need USDT in your wallet. Your existing cryptocurrency wallets can be used to transfer USDT to OKX. USDT can be bought directly from OKX via debit/credit cards, peer-to–peer trading and third-party payment gateways, such as Banxa. To complete your transaction, click Buy Crypto in the top-left corner. USDT will appear in your account within a few minutes.
Buy TON Token
Select Discover and click Markets from the top menu. Search for TON and click the TON/USDT trading pair, and you’ll be redirected to the spot trade for TON/USDT. Click Buy and enter the USDT amount you want to purchase TON tokens for. The order is processed in seconds and your OKX wallet will display the TON tokens.
We are delighted to announce that you have successfully purchased TON tokens from OKX.
Save Your TON Coin
Whether your goal is to trade cryptocurrency assets or HODL over the long term, it’s important to decide where you will store them securely. Although your TON tokens may be kept in your broker exchange wallet, experts recommend keeping your valuable coins out of exchange wallets as they are more susceptible to theft and interference. Additionally, in times of crisis such as the Terra Luna crash, many centralized exchanges will stop trading in an asset.
It is highly recommended that you store your crypto assets inside a secure wallet using your personal keys. It depends on what your investment preferences are, so you may choose to use a software wallet or a hardware wallet.
Software wallets, also called hot wallets, are always accessible via 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 offer some of the most popular options on the market.
Cold wallets are hardware wallets that securely keep your cryptocurrency offline. They also reduce the possibility of hacking. You can lock them with a pin, and they will wipe out all data after multiple failed attempts to prevent physical theft. You can also sign and verify transactions using a hardware wallet, which gives you extra protection from cyberattacks. For users with a large number of tokens, these wallets are better suited for them.
The most secure and reliable hardware wallets, Ledger Hardware wallets allow you to securely manage all your digital assets.
Trezor T, Ledger Nano X and CoolWallet Pro are some examples of cold wallets.
Track TON Tokens
If you have multiple assets, managing your portfolio can become difficult because the market is unpredictable. A portfolio tracker can help you track your TON tokens as well as all of your crypto investments. CoinStatsIt is one of the most popular crypto portfolio trackers on the market. You can read more about it here Here.
You can also monitor TON’s profit, loss, and liquidity across several exchanges on CoinStats.
CoinStats is compatible with over 250 cryptocurrency exchanges as well as over 7,000 different cryptocurrencies. The site offers advanced search capabilities, charting and analytical tools as well as up-to-date information. You can connect unlimited portfolios (wallets or exchanges) here.
- Trust your wallet
- Bitstamp, 500 other.
Go to the CoinStats portfolio tracker page.
- Click on Add Portfolio to Connect Your Wallet.
- To connect to an Ethereum Wallet wallet, click the button.
- Click on Submit to enter the wallet address.
What’s the Difference Between TON and TONE?
TON is a cryptocurrency-based ecosystem that aims to deliver Web3 internet using decentralized storage, cheap payments and secure instant transactions, as well as other decentralized services.
The following is an extract from the WhitepaperTON was designed as a multi-blockchain platform that can process millions of transactions per seconds with smart contracts and multi-currency values allocation. It also has the ability to up-grade blockchain specifications.
TON provides a user-friendly interface for decentralized apps, smart contracts and browsing. It also aims to offer a browsable list of DApps, services and TON Payments as 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 can also be used to pay for DApp services and create new work chains. Token holders have voting power to make changes in the protocol’s features.
TON token is the Tokamak Network’s native token. TON was first created in 2018 by the Durov brothers (founders of Telegram Messenger). In 2018, the Durov brothers, Telegram Messenger founders, created TON. Later, it was handed to open TON and a separate project called Free TON was born in 2020. Free TON operates without Telegram as a blockchain formed from the original project’s code. Based on open-source data, other TON solutions are also possible.
Tokamak Network is Layer 2 built on Ethereum Blockchain. It was founded in 2020. This allows for both the security and scalability of the Ethereum blockchain while processing transaction transactions. TON was designed to be a protocol platform that can build and connect Layer 2 networks. Layer 2 solutions use Ethereum’s smart contracts to provide usability and scalability.
Tokamak is decentralized, and governed by TON parties. Because governance is decentralized, the network can go through updates, ecosystem expansions, and protocol improvements autonomously. The Ethereum Foundation grants grants, MakerDAO grants, Polygon grants and Chainlink grants have been granted to the network.
June Sim and Kevin Jeong are co-CEOs of Tokamak Network.
In August 2020, the TON token went live. There is currently a 44,417 7,783 token in circulation, and the market cap for the token stands at USD 72.4million. 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. Since then, it has dropped dramatically from its record high of USD 28.53 in April 2021. 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. Check out TON price to see the current price of TON tokens.
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.
The best time to buy assets such as stocks, bonds or crypto is when bear markets are at their peak. The right time to buy TON, and other crypto assets is the best investment you can make. It will change your life dramatically and help you achieve financial freedom.
Disclaimer: This article does not contain any financial advice. You should take your own decisions before you invest in unregulated assets like cryptocurrencies.