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Toncoin (TON)

What is The Open Network (TON)?​

Here are five key points about TON:

Toncoin (TON) is the native cryptocurrency of The Open Network, used for transactions, staking, and interacting with applications built on TON.

The network is designed for high throughput, capable of processing thousands of transactions per second.

TON relies on a Byzantine Fault Tolerant (BFT) consensus mechanism to secure the network and maintain reliability.

It supports smart contracts and decentralised applications (dApps), opening opportunities for DeFi, NFTs, and gaming.

TON is built with scalability in mind, using sharding and cross-chain bridges to support seamless transfers and interoperability with other blockchains.

Tip: Learn more by reading our guide: What is The Open Network blockchain?

Toncoin on Wraith Wallet​

Wraith Wallet fully supports TON and allows you to:

Buy Toncoin (TON) with debit or credit cards.

Store Toncoin and Jettons securely.

Send and receive TON and Jettons directly.

What are Jettons on TON?​

Jettons are tokens built on The Open Network, similar to ERC20 tokens on Ethereum.

They are managed using smart contracts called Jetton masters and Jetton wallets.

When sending Jettons, you need some TON to cover gas fees and to deploy a Jetton wallet for the recipient if they do not already have one.

Receiving Toncoin and Jettons​

Tap Receive in Wraith Wallet and select Toncoin.

Copy your TON address and share it with the sender.

The same address is used for both TON and Jettons.

Sending Toncoin and Jettons​

Tap Send in Wraith Wallet.

Enter the recipient’s TON address or scan their QR code.

Input the amount of TON or Jettons to send.

Ensure you hold enough TON to cover fees, then confirm the transaction.

Transaction fees on TON​

Fees are paid in Toncoin.

Fees vary based on transaction type, network activity, and whether Jettons are being sent.

Sending Jettons requires TON to deploy a Jetton wallet for the recipient if needed.

Checking balances​

Wraith Wallet connects directly to The Open Network to show your TON balance.

Tap the three dots in your wallet and select View address on Tonviewer.

Tonviewer is the default blockchain explorer for TON integrated into Wraith Wallet.

Why use Wraith Wallet for Toncoin?​

Full ecosystem support: Manage Toncoin and Jettons in one wallet.

Fast and scalable: Take advantage of TON’s high throughput for quick transactions.

Self-custodial security: Private keys remain encrypted on your device, ensuring you stay in control.

Conclusion Toncoin (TON) powers The Open Network, a fast and scalable blockchain built for dApps, smart contracts, and token ecosystems. With Wraith Wallet, you can buy, send, receive, and store TON and Jettons securely, making it the perfect gateway to the TON ecosystem.

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