The Open Network or simply TON blockchain has gone far beyond the Telegram app and has become the new highly discussed topic in the crypto community as a network with the unique ability to bridge social media and DeFi, creating new opportunities for users and businesses. Now TON is rapidly gaining momentum as one of the most promising blockchain ecosystems in 2025. 

But what about the Toncoin? Is it just a native cryptocurrency within the blockchain? Well, here the answer is no – TON serves as both a medium of exchange and a utility token within the TON ecosystem, enabling decentralized applications, powering smart contracts, and facilitating fast and scalable transactions. In this article, we’ll explore what the TON network is, the role of Toncoin, and why integrating TON into your white-label wallet could give you a competitive edge.

The TON Blockchain: From Telegram to Thriving Decentralized Ecosystem

The Open Network (TON) is a decentralized open internet platform with layer-1 blockchain originally developed by the team behind Telegram. Now the TON Blockchain serves as the fundamental protocol and foundation, linking the underlying infrastructure of TON to create the broader TON Ecosystem. Its goal is to offer a wide range of products and services that support the development of a decentralized vision for the future Internet.

The timeline behind the TON network

Originally, the TON was developed by the Durov brothers and was designed as a high-performance platform seamlessly integrated with the messaging app. In early 2018, the project attracted significant attention, raising around $1.7 billion through its initial coin offering (ICO). 

Later, as Telegram faced some challenges from the U.S. Securities and Exchange Commission at the end of 2019, the platform agreed to delay the launch of TON.

The next big move was made by late 2020, when the project was taken over by a decentralized community of developers and enthusiasts known as NewTON, committed to continuing the original vision of creating a scalable and efficient blockchain platform. In 2021, the project officially rebranded as the TON Foundation.

It’s important to note that The Open Network is no longer directly connected to Telegram. Despite this, TON remains closely associated with this app due to its origins and the continued integration of TON’s wallet into the Telegram app and connections with Telegram mini-apps.

Toncoin (TON): What Is It?

As we’ve already mentioned, Toncoin (TON) is the native cryptocurrency of the TON Blockchain. Basically, it powers the network, paying for transactions, staking, validator rewards, and smart contract operations. TON (the abbreviation is the same as for the network) is also used across TON’s growing Ecosystem. In the 2024 annual report, it stands that Toncoin powers all network operations – staking, transaction fees, payments, gaming, and DeFi protocols – solidifying its role as the main utility and medium of exchange within the growing ecosystem.

Don’t think that ecosystems are only for big projects! EvercodeLab is here to help your product grow and expand through different solutions – from white-label wallets to crypto exchanges. Book a meeting with our team and get more info on how we can develop your ecosystem together.

With The Open Network, Toncoin has quickly gained attention as one of the most promising utility tokens for real-world use.

Why Integrate TON into Your White-Label Wallet? 

  • Scalability and versatility: the blockchain itself is designed to handle millions of transactions per second through its unique dynamic sharding technology, making it highly scalable, so the overall swaps of the coin are fast and efficient
  • Decentralization: blockchain utilizes a decentralized consensus mechanism based on Proof-of-Stake, which enhances the safety and integrity of the network, and allows the staking of coins at a high-security level with the additional revenue stream for wallet provider
  • Effectiveness: Toncoin is also designed for everyday use and small transactions, thanks to its low transaction fees and fast confirmation times, so your wallet can receive solid cashback from transactions
  • Access the growing TON community: so your crypto wallet will drive more traffic and new active users

Final Thought

To wrap it up, The Open Network is quickly becoming one of the most powerful blockchains, combining social reach with financial innovation. The news about the TON Foundation successfully raising more than $400 million from major investors only proves the idea of future big steps into development. With Toncoin at its core, this ecosystem is poised for rapid growth, offering exciting opportunities for developers, investors, and crypto enthusiasts alike. 

Don’t miss the chance to use all cons of the network – integrating TON could be the next big win for your white-label crypto wallet! EvercodeLab’s team can list any token you need for your platform, just contact us and we will make your dreams come true.