Token Economics

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This entry was imported from DeFiLlama Unlocks. Allocation percentages are usually accurate; vesting schedules, total supply, and ticker may be approximate. Click source to verify against canonical references before relying on details.

Reference protocol
?L1 / L2Aug 2020design 0xbc8c…a7ed

THE OPEN NETWORK $TON

L1 born from Telegram's abandoned blockchain project. 5B initial supply, distributed primarily via mining (PoW giveaway by Telegram), no traditional VC allocation. Telegram integration drove 2024 user-growth boom.

Total supply

5.07B TON

fixed at launch

TGE circulating

0.0%

100.0% locked

Allocations

4

distinct line items

Launch

Aug 2020

Other

Distribution
PREMINE52.6%INFLATION0.1%TON BELIEVERS FUND26%INACTIVE MINERS21.3%
Schedule of allocations
  • 1
    Locked at TGEPREMINE
    52.60%
    12 MO CLIFF · 36 MO LIN
  • 2
    Locked at TGEINFLATION
    0.10%
    12 MO CLIFF · 36 MO LIN
  • 3
    Locked at TGETON BELIEVERS FUND
    26.00%
    12 MO CLIFF · 36 MO LIN
  • 4
    Locked at TGEINACTIVE MINERS
    21.30%
    12 MO CLIFF · 36 MO LIN
Key takeaway

Distributed via mining giveaway when Telegram couldn't sell tokens (SEC ruling) — the rare L1 launched with no VC overhang. Telegram's 950M+ users became the 2024 retail funnel.

Design notes
  • TELEGRAM INTEGRATION = 950M+ USERS WALK PAST TON DAILY.
  • NO VC ROUND — TOKENS DISTRIBUTED VIA EARLY MINING GIVEAWAY.mining-distributed L1
  • BORN FROM ABANDONED 2020 TELEGRAM PROJECT (POST-SEC RULING).
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