Fundraising Fox

Toncoin

13 known investors

The Open Network (TON) is a blockchain ecosystem integrated into Telegram that connects payments, digital assets, and mini apps, with its native coin Gram used for fees, validation, and voting. It offers tools for developers and users including bots, Mini-Apps, tokenized gifts as NFTs, blockchain usernames, collectible numbers, and Telegram Stars/Premium purchases.

Also known as Gram · GRAM · Telegram Open Network · The Open Network · TON · Toncoin

Founders & leadership

PD
Pavel DurovFounder

Investors · 13

Company profile

researched Aug 2026

The Open Network (TON), also called TON Blockchain, is a public, decentralised layer-1 blockchain platform whose native cryptocurrency, Gram (ticker TON, later GRAM), is used to pay transaction fees, stake and participate in validation, vote in on-chain governance, pay for blockchain-based domain names, and settle payments in applications built on the network. The chain uses proof-of-stake consensus with a Byzantine-fault-tolerant design, a multi-level dynamic sharding model in which the mainnet splits into shardchains under load and merges back, a masterchain that couples integrated workchains, a fully asynchronous actor-model execution model, and a custom stack-based TON Virtual Machine supporting modern cryptography and zero-knowledge primitives. Consensus is run through Catchain 2.0, a variant of the Simplex protocol. Code is open source, audited by external security auditors, and supported by a permanent bug bounty program and periodic cracking contests.

The platform positions itself around Telegram integration, offering access to a stated 1B+ Telegram users. Telegram-facing surfaces include a Mini-Apps and bots platform connected to the chain via TON Connect, Telegram gifts convertible into TON-based NFTs that can be auctioned and traded, blockchain usernames, collectible phone-number-independent IDs, purchase of Telegram Stars and Telegram Premium, prepaid giveaways, and payout of Telegram advertising revenue in the native coin. Broader Web3 infrastructure includes TON DNS, TON Storage/TON Torrents, TON Sites, TON Proxy, the TON Payment Network, and Cocoon AI for decentralized private AI computing. Blockchain primitives include jettons and NFTs, mintless tokens distributable for about a $1 network fee, gasless and sponsored transactions, liquid staking from 1 coin with instant withdrawals, on-chain text messaging with optional end-to-end encryption, and a native USDt stablecoin with roughly 1.4B circulating supply on TON.

Developer tooling comprises the Tolk statically typed language for the TON Virtual Machine (compiling to gas-optimized bytecode with IDE support in JetBrains, VS Code, Cursor and Zed), the Acton all-in-one CLI covering scaffolding, native tests, debugging, deployment and verification, plus AppKit, WalletKit, TON Pay, AgentKit and agentic wallets aimed at autonomous agent transactions.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Toncoin do?
The Open Network (TON) is a proof-of-stake layer-1 blockchain integrated with Telegram, with native coin Gram (formerly Toncoin).
Who founded Toncoin?
Toncoin was founded by Pavel Durov.
Who are Toncoin's investors?
Toncoin's investors include Draper Associates, Hypersphere Ventures, Lvna Capital, MEXC Ventures, Mirana Ventures, TONCoin Fund, Wintermute, Yolo Investments and 5 more.