Toncoin

Toncoin has 5 primary token utilities:

• Network Security: Validators must stake a minimum of 300,000 TON (effectively ~700,000 TON) to participate in BFT PoS consensus, securing the masterchain and shardchains. Nominators can also delegate stake through pools.
• Staking Rewards: Validators and nominators earn staking rewards from both newly minted block rewards (1.7 TON per masterchain block, 1.0 TON per basechain block) and 50% of transaction fees, with estimated APY of 4.02%–5.85%.
• Gas Token: Toncoin is the native gas token for the TON L1, paying for all transaction fees including storage fees, compute fees, forward fees, and action fees, with an average transaction cost of ~0.003 TON.
• Ecosystem Currency: Toncoin functions as the primary medium of exchange across the TON ecosystem, used for DEX swaps, NFT marketplace purchases (e.g., Fragment with $350M+ in sales), lending, liquidity provision, and Telegram-integrated services.
• Delegated: Nominators delegate TON to validators through nominator pools, and validators vote on configuration proposals with weight proportional to their total delegated stake. Protocol parameter changes require approval from validators representing at least 2/3 of total weighted stake.

Toncoin token distribution allocates 5,158,083,338 TON across 1 primary stakeholder groups:

• Community: 100.00% (Pre Mined 44.21%, Believers Fund 25.59%, Inactive Miners 21.00%)

TON uses variable cliffs and vesting schedules that change depending on the allocation:

• Pre Mined: 57.6% at TGE , 10 Month Linear Vesting
• Believers Fund: 51 Month Cliff, 36 Month Linear Vesting
• Inactive Miners: No information
• Vested Wallets: 14 Month Cliff, 36 Month Linear Vesting
• Inflation: 10 Month Cliff, 60 Month Linear Vesting