**Binance** has added **Toncoin (TON)** for spot trading as of August 8, 2024⁴. This move is expected to enhance liquidity and attract traders looking for less risky investments compared to futures contracts. The announcement led to a 10% increase in Toncoin's value, reflecting heightened market interest⁴.

Toncoin (TON) is a cryptocurrency operating on The Open Network blockchain, originally designed by the Telegram team. This network aims to provide a fast and secure infrastructure for transactions and decentralized applications.

The TON network was officially launched in 2020 after Telegram ceased its development due to legal issues with regulatory bodies. The development was continued by an independent community of developers. Toncoin is used for various purposes within the network, including paying fees, participating in network governance, and incentivizing participants.

can build a variety of applications on the TON network, including smart contracts and decentralized applications (DApps).