TONCOIN (TON) Tokenomics
TONCOIN (TON) Tokenomics & Price Analysis
Explore key tokenomics and price data for TONCOIN (TON), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
TONCOIN (TON) Information
Apart from processing millions of transactions per second, TON blockchain-based ecosystem has all the chances to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments and various decentralized services.
In-Depth Token Structure of TONCOIN (TON)
Dive deeper into how TON tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
Overview
Toncoin (TON) is the native token of The Open Network (TON), a decentralized blockchain platform designed for scalability, high throughput, and secure application hosting. Below is a comprehensive breakdown of its token economics, including issuance, allocation, usage, incentives, locking, and unlocking mechanisms.
1. Issuance Mechanism
- Initial Supply: TON launched with an initial total supply of 5 billion tokens.
- Current Total Supply: As of October 2025, the total supply is approximately 5.144 billion TON, reflecting a modest annual inflation rate of 0.60%.
- Issuance: New TON tokens are minted as block rewards for validators. The network subsidizes block creation by adding TON to the reward pool, with 1.7 TON for each masterchain block and 1 TON for each basechain block.
- Deflationary Mechanism: Since June 2023, 50% of all network fees (transaction and storage) are burned, introducing a deflationary pressure that counteracts inflation from block rewards. Additionally, a "Black Hole" mechanism exists for manual burns.
2. Allocation Mechanism
Historical Allocation
| Allocation Type | Details |
|---|---|
| Pre-mined (2020) | 4.92 billion TON (~96.66% of initial supply) allocated to 20 "POW Givers" smart contracts |
| Mining (2020-2022) | Tokens distributed via Proof-of-Work mining from POW Givers; pools depleted by June 2022 |
| Validator Rewards | Ongoing issuance via block rewards and transaction fees |
| Top Wallets (2023) | Top 10 wallets hold ~62.8% of supply; top 3 each control >10% of circulating supply |
Current Supply
- Circulating Supply (Oct 2025): ~2.52 billion TON
- Staked Supply (Nov 2023): ~457 million TON staked across ~339 validators
3. Usage and Incentive Mechanism
| Use Case | Description |
|---|---|
| Transaction Fees | TON is used to pay gas fees for all network transactions |
| Staking (Validators) | Users can stake TON to run validators and secure the network, earning rewards from block rewards |
| Staking (Nominators) | Tokenholders can nominate at least 10,000 TON to validators and share in rewards |
| Governance | TON is used for on-chain governance, including voting on proposals and network upgrades |
| Medium of Exchange | Used for payments within the TON ecosystem |
- Staking APY: ~5.18% (as of Nov 2023)
- Validator Requirements: Minimum 300,000 TON (self-staked or nominated) to run a validator
4. Locking and Vesting Mechanisms
- Smart Contract Lockups: TON provides a smart contract called "The Locker" for users to lock up their coins for extended periods, with optional rewards for locking.
- Vesting Toolkit: A vesting wallet toolkit is available for teams and contributors, enabling structured token release schedules.
- No Standardized Team/Investor Vesting: Unlike some projects, there is no public evidence of a fixed, project-wide vesting schedule for team or investor allocations. Most tokens were distributed via mining and are now in circulation or held by large wallets.
5. Unlocking Time
- Historical Unlocks: The majority of tokens were unlocked and distributed between 2020 and 2022 via mining from POW Givers.
- Ongoing Unlocks: New tokens enter circulation through validator rewards, subject to the network’s inflation schedule.
- User Lockups: Users can voluntarily lock tokens for staking or via smart contracts, with unlocking determined by contract terms.
6. Governance and Penalties
- On-chain Governance: TON holders can vote on proposals, with voting power based on token holdings or a one-wallet-one-vote system.
- Slashing: Validators can be penalized (slashed) for malicious or idle behavior, with a standard penalty of 101 TON.
7. Token Supply Table
| Metric | Value (Oct 2025) |
|---|---|
| Total Supply | ~5.144 billion TON |
| Circulating Supply | ~2.52 billion TON |
| Annual Inflation | 0.60% |
| Staked Supply (2023) | ~457 million TON |
| Burn Rate | 50% of network fees |
8. Summary Table: Toncoin Tokenomics
| Mechanism | Details |
|---|---|
| Issuance | Block rewards (PoS), 0.60% annual inflation, 50% of fees burned |
| Allocation | Pre-mined, distributed via mining, validator rewards, top wallets hold majority |
| Usage | Gas fees, staking, governance, payments |
| Incentives | Staking rewards (validators/nominators), governance participation |
| Locking | Voluntary via smart contracts ("The Locker"), vesting toolkit for teams |
| Unlocking | Historical (mining), ongoing (block rewards), user-defined (lockups/vesting) |
9. Additional Notes
- No Claims on Profits: TON does not confer rights to capital, profits, or legal claims on the TON Foundation.
- Decentralization: Validator and governance mechanisms are designed to promote decentralization, though a significant portion of supply remains concentrated in top wallets.
This structure provides a comprehensive, up-to-date view of Toncoin’s token economics, including all requested mechanisms and their current status.
TONCOIN (TON) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of TONCOIN (TON) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of TON tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many TON tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand TON's tokenomics, explore TON token's live price!
How to Buy TON
Interested in adding TONCOIN (TON) to your portfolio? MEXC supports various methods to buy TON, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
TONCOIN (TON) Price History
Analyzing the price history of TON helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
TON Price Prediction
Want to know where TON might be heading? Our TON price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
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Amount
1 TON = 2.132 USD