Advertisement
AD

Main navigation

Telegram-friendly TON up After Decision Made to Freeze 1 Billion Coins

Advertisement
Wed, 22/02/2023 - 14:48
Telegram-friendly TON up After Decision Made to Freeze 1 Billion Coins
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The price of Toncoin (TON) is showing positive action, adding 3% amid a falling crypto market. The trigger for the counter-trend formed on the token from The Open Network was a groundbreaking vote by the validators to optimize TON's tokenomics.

Advertisement
TON to USD by CoinMarketCap

Related
Toncoin (TON) Had Relative Positive Growth in 2022, Will This Year Be Better?

The essence of the vote was to temporarily restrict the activation of dormant early mining wallets. There are 171 such wallets in all, with a balance of 1.08 billion TON, which is literally 20% of the total supply and the equivalent of more than $2.4 billion at current prices.

These wallets have never been activated and will not be activated for another four years, after the decision was supported by validators and the TON community. In particular, 1,290 votes were collected for the wallet freeze, with a voting power of 1.67 million TONs. By comparison, the largest inactive wallet holds 112.4 million tokens.

Related
Toncoin (TON) up 54% in December on This Telegram Innovation

Toncoin (TON) presents new roadmap

In assessing the impact of this decision on the price of Toncoin (TON), already one of the top 30 largest cryptocurrencies according to CoinMarketCap, one cannot ignore the updated roadmap presented by The Open Network earlier this month. Its key points are a bridge between the TON, BSC and Ethereum networks, and a fee-burning mechanism.

Of particular interest is the chapter on decentralized messaging, which involves the ability to send encrypted messages between addresses directly from the wallet.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD