Toncoin (TON) now listed on Tier-1 exchange KuCoin
Earlier this year, KuCoin Ventures, the VC arm of KuCoin, backed The Open Network alongside Huobi Ventures. Both heavyweights took part in a $250 million Toncoin Ecosystem Fund focused on bringing new-gen dApps to The Open Network .
Starting from Oct. 27, 2022, TON will be available on KuCoin in spot pair with U.S. Dollar Tether , the largest stablecoin by market capitalization. To celebrate this massive adoption milestone, the TON team launches an array of community initiatives, including airdrops, tournaments and more.TON price rallies by 50% in one week
It is also worth noting that the TON token was also listed on another Tier-1 cryptocurrency exchange, Huobi. As such, in Q4, 2022, The Open Network’s cryptocurrency sees its liquidity ecosystem boosted by a huge inflow of money. On these announcements, TON’s price outperformed all major altcoins: the token jumped into the top 30 of cryptocurrencies by market capitalization.
In the last seven days, the TON price rocketed from $1.2 to $1.9 on major spot exchanges. Telegram recently announced its intention to build a marketplace on the TON blockchain. Its price spike, therefore, may also have been catalyzed by the outage of WhatsApp, a major Telegram rival