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How the value of The Open Network evolves
On September 4, 2024, in the first phase of integration, TON solidified its position as the native token of The Open Network (TON), driving the development of the network's blockchain ecosystem. As the next phases progress, TON will take on a key role in expanding TON's infrastructure, improving both the security and functionality of the network. Thanks to its integration into numerous decentralized applications (dApps) and innovative protocols, TON is cementing itself as an essential asset within the ecosystem, contributing to the growth and adoption of The Open Network as a high-performance, decentralized blockchain.
What is The Open Network?
TON is the native token of The Open Network (TON), a high-performance blockchain designed to facilitate fast and secure transactions. With TON, users can interact with numerous decentralized applications (dApps) within the network's growing ecosystem, opening up a world of opportunities in the field of decentralized finance (DeFi), NFTs, and more. Additionally, TON ensures the security of the network through staking, allowing users to actively contribute to the maintenance and protection of the blockchain. This guarantees that the network operates efficiently and securely.
3 reasons to choose The Open Network
1
Gas Token
TON is the essential token of The Open Network (TON). Every time you make a transaction on its blockchain, you pay the usage fee, known as Gas, using TON. This mechanism incentivizes validators to verify and process transactions, reinforcing the network’s security and efficiency. By using TON as Gas, decentralized and secure operation within The Open Network ecosystem is guaranteed, maintaining system stability and offering an optimized user experience.
2
Network Security
The Open Network (TON) implements a proof-of-stake (PoS) mechanism that uses TON tokens to achieve consensus across the network. Users can delegate their TON tokens to validators, directly contributing to the security and protection of the TON blockchain. By delegating your TON, you help strengthen the stability of the network and, in return, can earn rewards for participating in this process. This approach ensures that the network remains decentralized, secure, and efficient, attracting more users and encouraging their active participation in the ecosystem.
3
Governance
Validators play a key role in the governance of The Open Network (TON). They are not only responsible for implementing the TON Improvement Proposals (TIPs) but also contribute to the network's decentralization. This approach ensures that TON's evolution is driven by community consensus, guaranteeing a transparent and ever-growing network. The active participation of validators is crucial to maintaining the integrity and development of The Open Network ecosystem.
