With the recent surge in popularity, learning how to profit from TON memecoins might be one of the smartest things to do. The emergence of the TON (The Open Network) memecoin is probably one of the most successful uncomplicated crypto functioning. One of its major projects are Toncoin and other TON tokens which are growing quite fast. New development comes in the evolution of the crypto market, as memecoins have become an attractive segment to traders and investors who want to make fast profits.
What is TON?
The Open Network (TON) is a distributed computer network composed of layer-1 blockchain and other elements. The TON Network’s History is closely integrated with Telegram, owing to its launch in 2017 as Telegram Open Network. Ironically, Telegram planned on using TON to launch its own currency, Gramme. This changed in 2020 thanks to the SEC. When a major social networking site makes the decision to have a currency, they generally go around scaring the government into submission. The same thing happened when Facebook wanted to issue their own currency.
Now, that’s a no-no and was banned by the regulators. In any case, Telegram and TOR severed their relationship in the summer of 2020. Yet, the Toncoin – the native currency of The Open Network, is rather embedded into the Telegram messaging application which is used for payments to creators and developers, ads, giveaways, Telegram Premium and others.
Steps on how to make the most of TON memecoins
- You should make sure that you have thoroughly researched and investigated the memecoin project, community, and potential for growth.
- Look for it at a very reasonable price, either by buying it on reputable exchanges like Bitget or Binance if it’s already listed.
- Following that, you should monitor market trends and social media to evaluate hype and price fluctuations, so you may sell when the price rises or reaches your goal profit.
Top 5 TON memecoin to make the most Profit
- TONFish: On the TON blockchain, TONFish is a community-driven meme coin that seeks to blend humour with practicality. In order to distinguish itself from other “fish in the ocean,” the project offers a variety of staking rewards and liquidity pools in addition to its primary goal of providing its holders with an enjoyable and welcoming atmosphere.
- TON Inu: TON Inu aims to encapsulate meme culture within the TON ecosystem, drawing inspiration from the success of other cryptocurrencies with the Inu name. It is intended to reward long-term holders with a portion of transaction fees and offers distinctive tokenomics.
- BABYTON: As a newbie, BabyTonCoin presents itself, promising to infuse the TON blockchain with new life. With an emphasis on building a long-lasting meme coin ecosystem, BabyTon seeks to take advantage of the current TON infrastructure to enable quicker and less expensive transactions.
- Kingi.io: Kingi is unique in the sense that it uses a meme coin to incorporate elements of decentralised finance (DeFi). In addition to being a meme coin, Kingi.io provides its users with automated market-making features and yield farming, making it a potential DeFi powerhouse.
- Duck-Coin.com: Duck-Coin.com, one of the newest projects on the TON blockchain, claims to combine meme culture with real crypto economics. With NFTs and other digital artefacts, the initiative hopes to create an environment around ducks that will appeal all meme fans.
Conclusion
Due to its remarkable success, TON has attracted the interest of both investors and developers. TON’s quick scaling solution can be leveraged by developers to create DApps that have a high transaction volume capacity. Even though the network is still in its early phases, it provides excellent chances to learn about cryptocurrency, Defi, NFTs, Gamefi, and airdrops via its ecosystem.
How do you feel about TON? Do you believe the current rate of growth can be sustained? What do you feel to be a big challenge for the TON blockchain?
Share your thoughts by leaving a comment below!