Cryptocurrency Exchange FTX Lists the Cryptocurrency Developed by Telegram

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The third largest in terms of transaction volume crypto currency who has the exchange FTX, With a post shared on its Twitter account, announced that Telegram will list TONCOIN, its cryptocurrency project.

What is TONCOIN (The Open Network)?

TONCOIN, the crypto currency of the TON blockchain, was implemented by the encrypted messaging application Telegram. Telegram, which has reached the number of hundreds of millions of active users, has developed and launched the TONCOIN project due to the fact that it believes that the structure of existing blockchain networks and cryptocurrencies lacks some qualities.

According to Telegram, in order for a blockchain network to be adopted by a wide range of users, it must have a number of specific features: high transaction speed and scalability, which allows it to process millions of transactions per second. It is precisely at this point that Telegram claims that its existing blockchain networks cannot meet the growing demand, experiencing a number of problems with issues such as scalability and transaction speed.

FTX Listing Is Quite Important on Behalf of the Project

FTX, which has a wide range of users, ranks as the third largest crypto currency exchange on the market in terms of trading volume, according to CoinMarketCap data. For this reason, FTX listing is very important for TONCOIN in order to get on the radar of more investors. At the time of writing, TON Coin, CoinMarketCap according to its data, the 4,29 dollar is traded at price levels.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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