Toncoin is the native #cryptocurrency of [[The Open Network (TON)]], a #blockchain platform designed for speed and scalability. It's used to pay for transactions on the network, participate in governance, and access various decentralized applications built on TON. Think of it as the fuel that powers the TON ecosystem. Toncoin was initially associated with Telegram, the messaging app, but is now developed independently by the [[TON Foundation]]. It aims to be a user-friendly and accessible cryptocurrency for a wide range of applications.