Toncoin is Telegrams ecosystem token for the The Open Network (TON), an open source layer 1 blockchain, with an additional sharding layer for fast scaling. Personally I’m not a fan of Telegram since they rose to success on the promise of being a encrypted privacy messenger, but then turned out to not only not be properly encrypted (you need to create a secret chat which noone does), and that they’ve handed user data over to authorities. Trust is everything in blockchain, and given their past history, warning lights immediately go on here, as this in my opinion is a shady player. On the flipside they are a massive company, with the means to push their offering far, so they cannot be discounted entirely. Their goal with the project is to create a vast ecosystem, with decentralized storage, a domain name system (sort of like DNS), an anonymous network and payment services. Show Less