Telegram’s Toncoin (TON) launches exclusively on Altify. Invest in TON with ZAR, USDT and more.

Every blockchain is trying to bridge the gap between the technology’s limitations and its ability to handle real-world scale – The Open Network is at the forefront of this innovation.

Initially launched in 2018 and developed by the Telegram founders, Nikolai and Pavel Durov, to be a blockchain scalable enough to support Telegram’s +900 million users, the TON blockchain is one of the fastest growing blockchains in the world, with over 12 million active wallets added since the beginning of 2024.

• Click here to learn more about Toncoin

To give South Africans increased access to the latest in crypto innovation, Altify, a regulated investing app, with FSP No. 53289, has recently become the first and only platform in South Africa to list Toncoin (TON) — the native cryptocurrency powering the TON blockchain.

Discover more about TON and how you can invest fee free* with Altify.

What is The Open Network?

The Open Network is a network that works on blockchain technology. It’s often called the “blockchain of blockchains” because it connects and manages multiple blockchains together.

The Open Network is building a new version of the internet, capable of handling millions of transactions per second while supporting a range of applications and services, including decentralised websites, file storage, and financial applications.

The network is powered by Toncoin (TON), its native cryptocurrency, which is used for transactions, staking, and governance within the ecosystem.

What Makes The Open Network Unique?

The Open Network sets itself apart with several innovative features that enhance its scalability, efficiency, and security:

1. Independent Mini-Blockchains: Its “Blockchain of Blockchains” design allows smart contracts to run as its own blockchain, reducing complexity and improving scalability.
2. Asynchronous Transactions: It uses asynchronous communication, allowing smart contracts to work without slowing down the whole network, which reduces delays and improves efficiency.
3. Flexible Smart Contracts: Unlike traditional blockchains, it allows developers to modify smart contract code post-deployment, offering greater flexibility and adaptability.

Why Toncoin (TON) Could Outperform in 2024?

Toncoin (TON) is one of the fastest growing cryptocurrencies in the world and it derives its value from several areas:

Telegram Integration

One of TON’s most compelling value drivers is its integration with Telegram and its unique ability to instantly leverage Telegram’s 900+ million users to drive growth.

Telegram integrations include:

• Telegram Ads: Telegram ads lets users (channel owners) earn 50% of the ad revenue through allowing advertisement and monetising of their channels views — with all payments processed via The Open Network.
• Telegram Mini Apps: Telegram Mini Apps are lightweight web apps built within the Telegram application and integrated with The Open Network. Mini Apps are one of the biggest drivers of Web3 and TON adoption, attracting millions of users through viral games.
• In-App Payments: TON and stablecoins can be sent and received directly within the Telegram app. This integration simplifies transactions for in-app purchases, subscription payments, e-commerce, content monetisation, advertising and NFT transfers.

Since you need TON to pay for all transaction fees on the network, as network usage grows, so does the demand for TON.

Adoption in the UAE

Arguably one of the largest user bases of cryptocurrency, the United Arab Emirates (UAE), has officially recognised TON alongside major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). This allows financial institutions in Dubai to use TON for transactions, reflecting the growing acceptance and trust in TON within significant financial markets.

Rapid Growth

• Total Value Locked (TVL) Growth: TON has added over $900 million in TVL over the last year making it the fastest growing blockchain in TVL.
• User Base Growth: TON has added over 300,000 daily active wallets over the last year making it the second fastest growing blockchain in the world.

How Has TON Performed?

Since the beginning of 2024, TON (+187.97%) has outperformed the largest 5 cryptocurrencies by market capitalisation.

Want to learn more about how TON works? See more details here.

Where Can I Buy Toncoin (TON) in South Africa?

Locally regulated investment app Altify – backed by JSE-listed Sabvest, is the only platform in South Africa where you can seamlessly buy and sell Toncoin (TON).

To celebrate its launch, Altify is offering no buy fees* on TON from the 26th of August to the 2nd of September 2024.

*You can find Altify’s fee-free promotional terms here.

Altify’s mobile app is user-friendly, with no signup or monthly fees, and allows you to start investing with as little as R150.

Altify also offers over 30 other cryptocurrencies and 13 ETF-style Crypto Bundles, providing diversified exposure to the broader crypto market or specific niche sectors through a single investment. These Crypto Bundles are automatically updated every month, keeping your holdings current with the rapidly evolving crypto market.

Disclaimer

This article is provided solely for informational purposes. The opinions expressed herein do not constitute investment advice or recommendations, nor should they be regarded as such. This document does not represent an offer to buy or sell, or a solicitation of an offer to buy or sell, any of the crypto assets mentioned.

Altify operates as a brokerage service facilitating the reception and transmission of crypto asset orders, without providing investment advice or personalised recommendations. While Altify advocates for the broader accessibility of cryptocurrencies, they may not be suitable for every investor. It is important to consider your investment goals, experience level, and seek independent financial advice where necessary. Altify strongly recommends conducting comprehensive research before investing in cryptocurrencies.

Investors are solely responsible for their investment decisions. Considering the high volatility associated with cryptocurrencies, please evaluate your financial circumstances carefully before engaging in transactions. Cryptocurrencies carry a high risk, with potential for both significant gains and losses. Investing in cryptocurrencies may lead to a total loss of capital.

Past performance is not indicative of future results, and returns cannot be guaranteed as cryptocurrency values fluctuate based on market supply and demand. Do not invest more than you can afford to lose and seek professional guidance if you are unsure about the suitability of a cryptocurrency investment for your specific situation.

Please refer to the General Risk Disclosures and Crypto Risk Disclosures on Altify’s website for more information. Investments should only be undertaken by individuals who fully understand these risks.

For additional details, please visit www.altify.app