Toncoin [TON] Explained Simply For Beginners

Toncoin [TON] Explained Simply For Beginners

ton coin a telegram open network cryptocurrency is taking over Telegram and giving Elon Musk a run for his money this video is going to get you up to speed with what is one of the hottest cryptocurrency projects out there right now what it’s all about whether it’s even worth the hype that it’s getting right now and if you’re new to the cryptocurrency market or just new to the ton coin token then this video is going to be for you because we’re going to explain it super simply for beginners and make sure you stick around until the end of the video to find what the longterm potential is for this token the risks the opportunities so you can decide if it fits into your Investment Portfolio but before we dive in I have to give you the quick disclaimers okay very important listen up no one has paid us to make this review this information in this video is provided to you for free for educational purposes this is not a recommendation for you to go out and to buy or to sell or to hold or to do anything else with the dawn cryptocurrency okay so please do keep that in mind furthermore investing in crypto is risky you can lose all of your money never forget about that okay if you want to see a risk statement or my portfolio disclosure that I don’t currently hold ton by the way if you want to see what coins I do hold on my Venture Investments you can find a link to that in the description or the pin comment onx okay so all that stuff out of the way let’s start at the beginning what is ton coin ton is the token for the layer one foundational blockchain Network originally created in 2018 by the messaging app telegram its goal was to create a super app similar to what Elon Musk is trying to do right now with X combining social media with payments and shopping but instead using a decentralized structure telegram raised $1.7 billion in private funding to build a competitor to ethereum now at the time it broke records for being the second largest token sale of all time after EOS but that attracted of course the attention of the protectors D the US Regulators came in and gave telegram pretty hard time before it could even get off the ground Telegram abandoned the project after being sued by the usse protecting everybody again bastards anyway then a new company completely unaffiliated with telegram took over in 2021 called Newton the ton in the ton coin is used to stand for telegram open network and has since been rebranded to Simply the open network now telegram has given ton its stamp of approval even announcing it as its preferred blockchain with over listen to this with over 900 million monthly active users on telegram this is a massive cheat code for ton to onboard all these users at a faster rate than other blockchains it has a wild strategic advantage to become one of the big chains and it continues to band with growing Partnerships all the time in telegram’s relationship keeps getting deeper and deeper the blockchain itself has been designed like a super server with some pretty Speedy capabilities a performance test managed to set a world record by achieving 104,0 715 transactions per second the Network’s special scaling sharding technology means that it can process multiple transactions at the same time allowing it to grow easily and quickly now that it’s officially integrated into an easyto use app like telegram users all over the world can easily and quickly buy send and store money now before we break down the ton token and what it’s used for let me just interrupt the flow real quick to let you know about the best damn newsletter in the cryptocurrency business it’s my newsletter surprise shock I know it’s called called wealth Mastery every week my team and I work very hard to bring you the latest and the greatest and the best opportunities and insights in the cryptocurrency market we spend 40 plus hours a week my team of 10 researchers and I airdrops altcoin news deep Dives nfts technical analysis and much much more you can join our 125,000 plus weekly readers and sign up for free using the link Down Below in the description or in the pinned comment on x so we understand what the ton blockchain is oh by the way the founder Pavo DAV is an absolute like OG of like Tech and stuff like that he launched the biggest social media platform in Russia before the Russian government kind of took it away from him then he went and made Telegram and his extension out into the blockchain world with the telegram open network I think is very noteworthy Because he believes in the future of technology decentralized Services as part of the vision anyway let’s let’s talk about the token man utility it’s supplies distribution all that kind of stuff so the ton coin is the token that powers the entire ton Network and it’s used across the following areas of the ecosystem transaction fees payment services offered by apps on the platform network security through staking Network governance transaction fees for cross chain payments payment for blockchainbased domain names payment for decentralized data storage and coming soon is using it as payment for ton proxy which is an extension that allows you to activate a proxy server a lot of use cases I like that ton is a proof of stake blockchain meaning that it uses Network validators to confirm each transaction while also still maintaining its security and stability so anyone can actually become a validator you have to pledge some tokens and then you receive Tong coin as a reward for doing that while contributing to making the network more secure now to become a ton validator you must have a minimum of 300,000 ton which is a lot of money okay okay ah so there’s that to keep in mind if you have the money sitting around B it’s worthwhile but it’s a lot of money anyway initial Supply 5.1 billion tokens with no upper limit the supply is growing at an annual inflation rate that typically ranges between 0.3 and 0.6% which is very very low by the way for perspective in October 2023 the ton Community locked up almost 25% of the ton supply for five years in the ton Believers fund to bring predictability to the ton coin toomics the minimum lockup threshold was set to 50 ton to attract a wide range of investors at the time of course Tom wasw worth a lot less than it is today the ton Foundation the nonprofit organization in charge of the ton network has also been very busy partnering up with all kinds of bigname Brands firstly let’s expand on Ton’s integration with of course telegram obviously super super close relationship ton already has a crypto Alt with telegram itself with over six million monthly users which is massive and now ton is powering telegram’s advertising platform allowing for in platform payments and for purchases with hon coin this means content creators of public channels across the world will now receive 50% of telegram’s AD Revenue in ton coin that’s massive massive deal for adoption but the Partnerships don’t start and end there there’s 10cent Cloud one of the world’s leading Cloud companies not only supports the telegram open network or the open network call the open network now T’s validators but it’s also helping the network by supporting applications and Bots built on telegram thus directly benefiting telegram games then there’s chain base which is an all-in-one data infrastructure provider that will offer the First Data indexing product on ton this will bring more data reliability and more efficiency allowing the network to achieve more with less effort effort along with that to increase adoption ton has integrated tether’s US dollar backed stablecoin usdt into the network this is a big damn deal because you can actually send it for free across telegram now te’s goldback stablecoin xut will also be coming to the Tom blockchain in 2024 which is pretty damn awesome too great then there’s of course a ton of EC companies investing in the Tom blockchain such as uh the VC arm of crypto exchange MEC who has been invested eight figure sum of money in huge so at least $10 million right there’s Morana Ventures also has invested 8 million into the network for product developments involving buybit exchange and the ethereum blockchain we see the web 3 VC company Anoka brands has also invested a ton of money and resources Inon and has become the blockchain’s largest validator Anoka Brands is also supporting Ton’s game infrastructure project called ton play and if you know anything about Anoka Anoka is like so deep in the gaming space it’s ridiculous and hot off the press we have panta Capital with over billion dollar in assets they’re also betting on ton and they invested an undisclosed amount into the network so very interesting then let’s not forget about the traditional stock market investors we got to get them on boarded of course into the world of web 3 too got to get that Trad money so to make T more accessible to these folks European ETP issuer 21 shares has launched a fund that’s 100% physically backed by ton staking cool awesome the fund tracks performance of ton while reinvesting staking yields for better returns and it currently has $45 million in assets under management of course Americans not eligible you’re being protected you’re being protected by the SEC enjoy your protection anyway with all these Partnerships on the go ton coin has a ton of potential ton a ton of potential excuse the but anyway with telegram being the fourth largest messaging app behind WhatsApp WeChat and Facebook’s messenger plus it’s one of the best ones with all the um ideas of pavle durov and the censorship resistance and their push to have a really open telegram uh messaging app anyway really big and important to note that there’s even talk of a potential stock market IPO which would of course be a major Catalyst for telegram but particularly for the growth of ton think about that this gives ton coin a pretty unique opportunity that most other cryptocurrency projects just simply don’t have then there’s the upcoming airdrop of not coin a free telegram game built on the ton blockchain that’s already blasted through 35 million players since it launched that’s crazy that’s just from the start of 2024 it’s bigger than a lot of other crypto games and yet no one is talking about it think about that that’s crazy it’s just one example of how the ton ecosystem is flying under the radar right now despite the bullish fundamentals it’s all still being built out too a lot of potential here the can leverage telegram to expand its ecosystem and it’s 900 million users and the more users of course will come and with that more liquidity more daps more games all this kind of stuff but as the telegram partnership deepens and more ton coin ends up in the telegram ecosystem then investors have become concerned of course about too much centralization and too much Reliance on telegram obviously to address this issue telegram is going to limit its stake in ton to just 10% and will sell its spare Holdings the Surplus tokens will be sold to long-term investors under a 1 to foure lockup which is to be honest pretty bullish in the short term but if you’re investing for long term you will need to note down the unlock schedule so that you will know when all that extra liquidity is going to be hitting the market now by investing in ton coin you’re essentially betting as well on the future success of the telegram app because again they’re inextricably linked inseparably linked let me know what you think in the comments below of course and I will see you in the next video thanks for watching

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00:00 Intro
01:34 What is Toncoin?
05:26 TON Token
07:24 Key Partnerships and Integrations
11:00 Risks and Opportunities

#bitcoin #crypto #investing
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Disclaimer
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark and affiliated brand Wealth Mastery) is not providing you individually tailored investment advice. Nor is Lark Davis registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Lark Davis is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.