What is Toncoin and what is it used for?

[johnblockbuster]

Toncoin (TON) is the native cryptocurrency of the The Open Network (TON) blockchain, originally developed by the team behind Telegram. TON is designed for fast, scalable, and low-cost transactions, supporting payments, smart contracts, and decentralized apps (dApps) within its ecosystem. Toncoin powers transactions and network operations on TON.

[Nahid Hossen]

Toncoin powers the TON ecosystem — payments, dApps, and everything in between.

[Abdul Khan]

It’s a utility token designed for fast transactions and Web3 applications.