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Toncoin (TON)

What is The Open Network?​

Here are 5 key points about The Open Network (TON):

  • Toncoin is TON's native cryptocurrency. It is used for network operations, transactions, games or collectibles built on TON.

  • The Open Network boasts high throughput, capable of handling thousands of transactions per second. It prioritizes security and reliability, utilizing a Byzantine Fault Tolerant (BFT) consensus mechanism to ensure the integrity of its blockchain.

  • TON implements various scalability solutions to enhance its network's scalability and performance. These solutions may include sharding, off-chain processing, and other optimization techniques aimed at improving transaction throughput and reducing latency.

  • TON supports the execution of smart contracts, enabling the creation and deployment of decentralized applications (dApps) on its blockchain.

  • Through cross-chain bridges and interoperability protocols, TON users can transfer assets and interact with decentralized applications across multiple blockchain networks, facilitating seamless asset exchange and cross-chain functionality.

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Learn more about The Open Network by reading the Gem Wallet Learn article:
What Is The Open Network Blockchain?

Toncoin on Gem Wallet​

Gem Wallet has the following features enabled for Toncoin:

  • Buy Toncoin (TON) with fiat using debit/credit cards.
  • Store Toncoin (TON) and Jettons securely.
  • Send and Receive TON and Jettons natively.

Toncoin on Gem Wallet Toncoin Chart on Gem Wallet

What are Jettons on The Open Network?​

  • Jettons are tokens on TON Blockchain which can be considered similar to ERC-20 tokens on Ethereum.
  • Jettons are implemented using a set of smart contracts, Jetton master smart contracts and Jetton wallet smart contracts.
  • When sending Jettons, a certain amount of TON is required for gas fees. The sender needs to have enough TON required to deploy a Jetton wallet to the receiver.

USDT-Jetton on Gem Wallet Jetton List on Gem Wallet

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Learn more about Jettons from this Gem Wallet Learn article:

What Is Jetton and What You Need to Know About Tokens on TON Blockchain

How to Get Toncoin?​

Here are some ways to acquire some Toncoin (TON):

  • Buy Toncoin (TON) directly on the Gem Wallet app.
  • Receive TON with the unique Toncoin address on the Gem Wallet app.

Buy TON on Gem Wallet Receive TON on Gem Wallet

Transaction Fees on The Open Network​

The fees on TON are summarized as follows:

  • Transaction fees on The Open Network are denominated in Toncoin (TON).
  • These fees can vary depending on factors such as transaction size, network congestion, and computational resources required for processing.
  • When sending Jettons, the sender should have enough TON which will be required to deploy a Jetton wallet on the receiver.

Send TON Fees on Gem Wallet Transfer TON on Gem Wallet

How to Check Toncoin (TON) Balance?​

Gem Wallet app connects to The Open Network to show the TON balance on your wallet. Tap on the 3 dots at the upper right corner, then tap on View address on Tonviewer.

View Tonviewer Link on Gem Wallet View TON Balance on Tonviwer

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Tonviewer is the default TON explorer of Gem Wallet. You can manually check balances and transactions by going to Tonviewer and search for your TON address.