CoinMarketCap, the leading authority on real-time cryptocurrency prices and data, has just updated and verified its TON Crystal (TON) listing. Now TON, the native token of the FreeTON blockchain, ranks among the top 5% of cryptocurrencies by market cap.
This has been a year of remarkable development for the FreeTON project. The project started when Telegram was forced to halt the plans it had for launching its own TON blockchain network and associated token. Instead of letting the network go to the wayside, a community of people that believed in the value of the technology decided to try and launch it themselves by taking a grassroots approach to funding and a decentralized approach to governance.
The result is FreeTON, a network capable of processing millions of transactions per second, with cheap transaction fees, formidable security, a meritocratic token distribution protocol and a decentralized governance structure.
Around the original, open-source technology a robust ecosystem has flourished, drawing in developers and enthusiasts who believe in the merits of the project. Broxus, one of the development teams working on the FreeTON network, has built a wallet for TON Crystal and a TON Swap DEX powered by TON, where it can be exchanged for a variety of other currencies.
In addition, at the end of October the team started the rollout of the DAO protocol for the FreeTON Bridge. The FreeTON Bridge is a multi-network, second-layer solution that links the FreeTON blockchain with that of Ethereum, Polygon, Fantom, Binance Smart Chain and more. The Bridge has given users the opportunity of transferring their assets from the first-layer chain, where transactions are slow and costly, to a newer chain with better scaling capabilities and close to zero fees on transactions.
The greater autonomy that the FreeTON Bridge gives users makes it akin in function to a DeFi bank, where users have much more control over their assets and are offered a greater variety of options. As it is a decentralized platform, the community is democratically governed by a DAO comprised of token holders.
As the ecosystem continues to expand its capabilities, community members are trying to raise awareness among crypto enthusiasts and the general public about the unique capabilities of the FreeTON platform. Now, with the verified CMC listing, there is an easily accessible hub for general information about FreeTON, including the real-time price of TON Crystal, all the places where you can trade TON and continuously updated metrics on trading volume and market cap.
As it is generally the first place users and investors go to monitor the prices of the digital assets they own and the assets they are interested in, TON Crystal’s listing on CoinMarketCap is a significant development for both FreeTON users and the crypto community at large.
To remain in the loop on all the latest TON Crystal developments, register with CoinMarketCap and add TON to your watchlist.
FreeTON is a fast, secure and scalable network with near-zero fees, which can process up to a million transactions per second thanks to its unique dynamic sharding technology. As a development built off of the Durov brothers’ original TON concept, the FreeTON blockchain is designed to facilitate the widespread adoption of decentralized solutions by millions of users through an unprecedented combination of reliable security, industry-leading scalability and decentralization. The ecosystem features a number of products, including a DEX and bridges with other blockchains.
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