TON Deep Search: In-Depth Analysis Of Open Network Token
2025-01-07
Category: None

👋 Welcome to TradeCity Pro!
In this analysis, I will perform a Deep Search on the TON token. In this category of analysis (Deep Search), projects are fully reviewed.

🔍 TON is an advanced, multi-purpose blockchain network designed to provide a fast, secure, and scalable system capable of processing millions of transactions per second. 

💵 The project includes various components such as a multi-layer blockchain, distributed storage, a proxy layer for anonymity, and a payment network. 

📝 TON functions as a multi-blockchain platform with features like Turing-complete smart contracts, dynamic sharding, and a "fast routing" mechanism for inter-blockchain messaging. 

📚 Additionally, the network supports decentralized DNS services and rapid payment channels.This project falls under the Blockchain and Distributed Technologies category, encompassing subcategories such as Smart Contracts, Decentralized Storage, and Payment Services.

✨ The Open Network (TON) distinguishes itself within the blockchain ecosystem through several unique features:

1️⃣ Integration with Telegram: 
Originally developed by Telegram, TON seamlessly integrates with the messaging platform, granting its vast user base direct access to blockchain services. 
FLAGSHIP

2️⃣Advanced Sharding and Scalability:
 TON employs dynamic sharding, allowing the blockchain to automatically split and merge to accommodate varying loads, ensuring efficient processing even during high demand. 
WIKIPEDIA

3️⃣ Comprehensive Ecosystem Services: Beyond standard blockchain functionalities, TON offers services like TON Storage for decentralized file storage, TON DNS for human-readable addresses, and TON Payments for swift off-chain value transfers, enhancing its versatility compared to other platforms. 
WIKIPEDIA

4️⃣High Transaction Throughput: 
With its multi-layered architecture and Proof-of-Stake consensus mechanism, TON can process millions of transactions per second, surpassing many existing blockchains in terms of speed and efficiency.

 💰Total Raised: $ 58.00M 

 🎯 TON's Roadmap: 

◾️2018:
▪️Telegram, led by Pavel Durov, decided to design a Layer 1 blockchain capable of supporting its vast user base.The project was launched under the name Telegram Open Network (TON).Telegram raised $1.7 billion in one of the largest ICOs in history.

◾️2019: 
▪️Testnets and Design DocumentsThe first testnet of TON was launched in Spring 2019.In November 2019, the second testnet, named testnet2, went live.Key project documentation, including the blockchain’s design and mechanisms, was published.

◾️2020-2021: 
▪️Transition and Community RevivalIn 2020, Telegram ceased the project due to SEC lawsuits and paid a $18.5 million fine.The NewTON team, an open-source developer group, took over the project and rebranded it as TON Foundation.In 2021, testnet2 was renamed mainnet and became a stable blockchain.

◾️2022: 
TON DNS: Introduced a decentralized domain name system.TON Payments: Launched a fast and scalable payment network.TON Proxy: Privacy tools for user transactions.

◾️2023: 
▪️Integration with Telegram: TON Wallet became directly accessible in Telegram Messenger.TON Space Wallet Pay: Enabled payments via wallets in Telegram.Transaction Record: TON achieved over 100,000 transactions per second in its first performance test.

◾️2024: 
▪️Consolidation and ExpansionDevelopment of decentralized staking and governance tools.Optimization of deflationary mechanisms to reduce token inflation.Introduction of lockup and vesting tools for developers.

◾️2025: " Current Phase "
▪️Stablecoin Toolkit: Adding support for stablecoins within the network.Jetton Bridge: Enabling token transfers between TON and other blockchains.Validator and Collator Separation: Enhancing network efficiency.Sharding Tools: For better chain management.Slashing Optimization: Improved penalty mechanisms for underperforming validators.

 👥 Team : 

▪️Pavel Durov: Founder of Telegram and the Russian social network VK.

▪️Nikolai Durov: Brother of Pavel Durov and a lead developer in both Telegram and TON projects.

▪️Steve Yun: President of the Foundation Council at TON Foundation.

▪️Barbara Schüpbach: Member of the Foundation Council at TON Foundation.

▪️Manuel Stotz: Member of the Foundation Council at TON Foundation and founder of Kingsway Capital.

▪️Bill Qian: Chairman of Cypher Capital and member of the TON Foundation board.

▪️Tal Kol: Co-founder of Orbs and Hexa, and recognized as a TON ambassador.

▪️Oleg Andreev: Co-founder of Tonkeeper and core developer of the TON blockchain, also serving as a TON ambassador.

 📊On-chain Data: 

▪️From an on-chain resistance and support perspective, the price range of $5.6 to $5.74 contains a significant volume of coins at a loss, making it a potential major resistance zone. Conversely, the range of $5.42 to $5.25 holds approximately 100 million TON tokens in profit, which could serve as solid support. However, the higher volume of coins at a loss suggests a relatively moderate risk.

▪️Regarding large transactions, there has been a noticeable spike coinciding with the price drop, likely reflecting whale activity. Despite reduced network activity, partly due to the Christmas holidays, there have been substantial inflows into the wallets of major holders. Additionally, the balances of large addresses have increased, which could have a positive mid-term impact. Notably, approximately 66% of TON tokens are held by whales, further emphasizing their influence on the network.





 📌 TVL: 

▪️In terms of TVL (Total Value Locked), the long-term downward trend continues, with this decline intensifying particularly in December. However, from late December, specifically on the 26th, there was a notable increase of approximately 4 million TON

 👝Some wallets that support TON : 

▪️Tonkeeper
▪️Tonhub
▪️TON Wallet (Telegram Integrated)
▪️Trust Wallet
▪️Ledger (via Tonkeeper)
▪️MyTonWallet
▪️Atomic Wallet
▪️SafePal



 💵 DEX: 

▪️STON.fi v2
▪️DeDust
▪️Uniswap v3 (Ethereum)
▪️PancakeSwap v3 (BSC)
▪️PancakeSwap v2 (BSC)
▪️THENA FUSION
▪️ Biswap v2
▪️Nomiswap
▪️SqaudAwap v2
 
You can use platforms like STON.fi & DeDust to provide liquidity and hipofinance & tonstakers to stake your toncoin token

 🔔 The blockchains supported by TON for interoperability and integration include: 

▪️Ethereum
▪️BNB Smart Chain
▪️Bitcoin
▪️Solana
▪️Polygon
▪️Avalanche

 ⛏️ How to Set Up a Full Node on the TON Network: 

▪️Setting up a node on the TON network requires familiarity with Linux systems and software configurations. Below is a simplified guide to help you get started.

 👁‍🗨Prerequisites: 

📌Hardware Requirements:
▪️CPU: Minimum 16 cores.
▪️RAM: Minimum 128 GB.
▪️Storage: 1 TB NVMe SSD (preferably with 64K+ IOPS).
▪️Internet: 1 Gbit/s bandwidth with a fixed IP and 16 TB monthly traffic.

🖥 Recommended Operating Systems:
▪️Ubuntu 20.04 or 22.04
▪️Debian 11

💻Necessary Software:
▪️Required libraries and compilers for TON.
▪️MyTonCtrl tool for node management.

💡Simpler Alternative
▪️Using NOWNodes: If you prefer a hassle-free setup, you can use the NOWNodes service.

1️⃣ Sign up and get an API key.
2️⃣ Use this key to connect to the node via API.
🔔No need for manual node management.


▪️This chart indicates that trading volume has significantly declined since the beginning of December 2024, dropping from approximately $49.8 million to $14.06 million. This represents a substantial decrease in trading activity.

▪️With the start of 2025, there are signs of recovery, and trading volume has rebounded to $13.5 million, showing relative improvement compared to the end of December. These changes could indicate shifts in user confidence or market conditions.

 🔑Key Points: 

1️⃣ Sharp Decline in December: 
This drop might have occurred due to holiday effects or decreased market confidence.

2️⃣ Recovery in Early 2025: 
The increase in trading volume may be attributed to traders returning to the market at the start of the new year.

3️⃣Overall Pattern: 
Significant fluctuations in trading volume during the final months of 2024 highlight notable changes in user behavior and market dynamics.



 💵 TON presale: 

▪️Token Price: 1 TON = $0.5
▪️Minimum Purchase: 0.02 TON
▪️Maximum Purchase: 5,000,000 TON
▪️Platform: Ethereum (ETH)

🗓 Presale Dates: Started on August 7, 2018, and ended on March 3, 2019
●    Presale    15.00%
●    Token mainsale    30.00%
●    User acquisition    15.00%
●    Exchange listings    15.00%
●    Team    10.00%
●    ACT Foundation contributors    5.00%
●    dExperts

 🖇Popular Tokens on the TON Blockchain 

1️⃣ Toncoin (TON)
▪️Price: $5.73
▪️24h Trading Volume: $197,810,118
▪️Weekly Growth: 3.9%
▪️Market Cap: $14,525,127,671

2️⃣ Notcoin (NOT)
▪️Price: $0.006768
▪️24h Trading Volume: $80,489,304
▪️Weekly Growth: 10.0%
▪️Market Cap: $692,498,083

3️⃣ Dogs (DOGS)
▪️Price: $0.0005621
▪️24h Trading Volume: $29,306,279
▪️Weekly Growth: 10.3%
▪️Market Cap: $290,189,623

4️⃣ Hamster Kombat (HMSTR)
▪️Price: $0.003342
▪️24h Trading Volume: $19,115,054
▪️Weekly Growth: 14.0%
▪️Market Cap: $214,964,346

5️⃣ GoMining Token (GOMINING)
▪️Price: $0.4956
▪️24h Trading Volume: $11,901,223
▪️Weekly Growth: 3.1%
▪️Market Cap: $204,983,516

6️⃣ WATCoin (WATC)
▪️Price: $0.001587
▪️24h Trading Volume: $23,901.32
▪️Weekly Growth: 6.3%
▪️Market Cap: $79,466,205

7️⃣ Catizen (CATI)
▪️Price: $0.3839
▪️24h Trading Volume: $22,506,372
▪️Weekly Growth: 6.4%
▪️Market Cap: $78,969,044

8️⃣ Bitget Wallet Token (BWB)
▪️Price: $0.5168
▪️24h Trading Volume: $4,467.86
▪️Weekly Growth: 9.0%
▪️Market Cap: $73,821,308



 🪙 Tokenomics and Unlock overview: 

▪️Total Supply: 5 billion TON.
▪️Initial Allocation: Team: 72.5 million TON (1.45%).
▪️Pre-mined: 4.9275 billion TON (98.55%).
Locked Tokens:
▪️Believers Fund: About 1.317 billion TON locked for five years (two-year cliff, three-year linear release). 

🔓Unlocking:
▪️begins in October 2025, with 37 million TON added monthly over 36 months. Approximately 2.4 billion TON temporarily removed from circulating supply through locking mechanisms.

 📣 Conclusion 

▪️Overall, in terms of on-chain data, fundamentals, and rankings on various platforms such as CertiK, TON has received good scores. Recently, Telegram announced achieving profitability for the first time, with its revenue surpassing $1 billion in 2024. This success was driven by innovative strategies like in-app advertising, premium subscriptions, and new features, along with premium subscribers exceeding 12 million. This milestone could be an indicator of potential growth for TON. Therefore, in the medium term, if macroeconomic conditions remain favorable, TON could experience significant growth

 ✨ Now,lets dive into technical analysis 

📅 Weekly Timeframe: Reaccumulation Box?
In the weekly timeframe, we observe an upward trend that is currently in correction mode. Additionally, the price has formed a curved upward trendline, and it is currently near this level.

🔍 The price correction started from the $7.98 resistance and has continued to $4.778, which overlaps with the 0.382 Fibonacci level. If this support zone, which has reacted twice so far, is broken, the next supports will be at the 0.5 and 0.618 Fibonacci levels. If the market sees more correction and declines, the next support will be at $2.491.

🧩 If the RSI falls below 41.89, the likelihood of a corrective scenario increases significantly. Volume plays a significant role in this move, and the selling volume in the market must exceed the buying volume.

🛒 For spot buying, the best trigger is breaking the $7.98 resistance. Additionally, a reaction to the curved trendline or $4.778 could provide a good buy trigger depending on your strategy. Breaking 62.42 on RSI is also very important and could bring significant momentum into the market.

🚀 To determine new targets, I drew a Fibonacci extension for you. According to this, potential targets are at $18 and $42. However, from a market cap perspective, I believe the logical target lies in the $18-$20 range if $7.98 is broken.

📅 Daily Timeframe: More Details
In this timeframe, we see more details of the price move. Recently, volume has decreased significantly over a few candles, and the price is fluctuating between the weekly curved trendline and the $5.918 short-term resistance. Breaking either of these zones will likely determine the next LWC or even MWC.

📈 For long positions, the triggers are breaking $5.918 and $6.955, and the ATH resistance ($8.191) will also be a suitable trigger.

🔽 For short positions, the best trigger is breaking $4.616. However, this support is a very strong demand zone, and breaking it is unlikely. If it does break, the next supports will be at the 0.5 and 0.618 Fibonacci levels, approximately between $3.5 and $4.



 📝 Final Thoughts

This analysis reflects our opinions and is not financial advice. 

Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️