Since April 2024, the TON blockchain has become popular in the cryptocurrency market buzz. It now supports over 650 decentralized applications (dApps), NFT, games, and meme coins and has more than $160 million locked in decentralized finance (DeFi). This is the first successful consideration for opening a business model in TON blockchain ecosystem.

From TON blockchain network, Toncoin is made for scalability and strength, with around 3.47 billion of its 5 billion total coins currently in circulation. This is another successful consideration for opening a business model in TON blockchain ecosystem.

In this blog, we will look at what TON is for, how it can be used for various business models, and the important features of developing TON tokens. We will also discuss the benefits of developing TON tokens, the standards used in their development, and the key steps to make a TON token on the blockchain.

🔍 Understanding TON Ecosystem:

TON (The Open Network) is a blockchain platform made for fast and secure decentralized applications (dApps). It allows users to easily interact with different services. 

The Open Network (TON) offers several benefits that make it different from other blockchains. It is fast and scalable, able to process millions of transactions per second without losing security. This makes TON a great choice for applications like decentralized finance (DeFi), NFTs, and more.

💡 Main advantages of TON to build your new DeFi Apps:

Main Advantages of TON for Building Your DeFi Apps:

Read more -> Top Promising Successful TON dApps

🚀 Recommended Business Use Cases on TON:

The Open Network (TON) ecosystem shows its purpose and business models:

Start your DEX on TON

A decentralized exchange (DEX) where users can trade tokens directly on the TON blockchain. Revenue comes from transaction fees on trades and liquidity services.

Start your NFT marketplace on TON

A platform for creating, buying, and selling unique digital assets. It operates on a commission model, charging fees for every transaction and trade.

Start your Token Staking Platform on TON

A staking platform where users stake TON tokens for rewards. The platform earns through staking fees and token incentives.

Start your Wallet app on TON

A secure, non-custodial wallet for TON tokens and assets. It monetizes through premium features and transaction fees.

Start your DeFi Apps on TON

A set of decentralized finance services, offering lending, borrowing, and yield farming. Revenue comes from interest on loans, transaction fees, and staking rewards.

Start your Crypto Payment Gateway on TON

A decentralized payment gateway for peer-to-peer payments within the TON ecosystem. It earns through transaction fees.

Start your mobile wallet business on TON

A mobile wallet allowing users to manage TON tokens and DeFi assets. It follows a freemium model, with basic features free and premium services at a cost.

Start your DNS hosting business on TON

A decentralized naming system where users register human-readable domain names on the TON blockchain. Revenue comes from domain registration fees.

Start your Play-to-Earn Game App on TON

A decentralized gaming platform for hosting blockchain-based games and NFTs. It generates income through game token purchases, NFT sales, and in-game transactions.

Start your Bridge Service as a Business Model

A cross-chain bridge enabling asset transfers between TON and other blockchains, earning from transaction and bridge usage fees.

These dApps showcase TON’s diverse ecosystem, focusing on decentralized trading, finance, gaming, and digital assets, all powered by sustainable models like transaction fees, staking rewards, and premium features.

⚡ The Demand for TON Tokens:

The future for TON token development looks bright. As more people want decentralized applications, TON’s unique design and ability to grow make it a strong choice in the blockchain world. In the 2030 year, we can expect TON tokens to play an important role in areas like Web3, DeFi, gaming, and NFTs.

Also, with the growth of cross-chain solutions, TON tokens might work with other blockchains, making them even more useful and valuable in the market.

❓ Why should you consider TON tokens for your next DeFi project?

Making TON tokens has many benefits that make it a smart option for different projects. Some of these benefits are quick transactions, low costs, strong security, and easy-to-use tools. These features help developers build and manage their tokens in a growing blockchain world.

• Fast Transactions: Transactions are processed quickly, making it great for finance and gaming.
• User-Friendly for Developers: Easy tools help beginners create their tokens.
• Cost-Effective: Lower fees make it cheaper to develop than on Ethereum.
• Strong Security: Features like encryption and decentralized control help keep user data safe.
• Future-Ready: TON can grow and change to meet new needs in blockchain technology.

🔑 Core Features of TON Tokens:

TON Token development works to build a safe, easy, and efficient system. Here are some key features that show how it meets what users need and makes their experience better.

• TON Storage – Gives users and apps a safe and easy way to store data on the network.
• Multi-Blockchain Architecture – Uses a smart method to make the network faster and handle lots of transactions.
• Instant Hypercube Routing – Ensures transactions are checked quickly and accurately across the blockchain.
• User-Friendly Cryptocurrency ($TON) – Designed to be simple to use, helping everyone switch to decentralized finance.
• Proof-of-Stake Consensus – Allows users to join the network and confirm transactions in a way that saves energy.
• 2D Distributed Ledgers – This new ledger system improves security by using resources more efficiently across the network.
• Smart Contracts – Supports complex smart contracts and decentralized apps, creating a lively ecosystem.
• TON Services – Offers a platform for other services, increasing the number of user-friendly apps available.
• TON Proxy – Protects user privacy with decentralized VPN services, encouraging a culture of secrecy.
• Consensus Process – Let token holders participate in validating the network and governance through a low-energy method.
• Infinite Sharding Paradigm – Helps the network manage more transactions without slowing down or losing security.
• TON Wallet – A safe and easy wallet for managing TON tokens and using the TON ecosystem.

These features come together to make a strong DeFi platform that puts users first. They help more people use decentralized finance and improve the overall experience on the blockchain.

🎯 Standards Prefered for TON Token Development :

• TEP-62: Rules for making and handling non-fungible tokens (NFTs) on TON.
• TEP-64: A standard for saving and finding information about all tokens.
• TEP-74: Steps for moving native fungible Jettons and getting information.
• SBT Standard: Creating non-transferable tokens linked to specific identities.
• NFT Royalty Extension: Allows creators to earn money from secondary NFT sales.

Read more about -> Popular Blockchain Platform for Token Development

🛠 Steps to Develop TON Token Development

Step 1: Define the Purpose

Clearly explain why you are creating a token. Identify its specific uses and the people it will serve.

Step 2: Choose Token Standards

Learn about TON token standards, like FT3.1, to ensure your token is structured correctly and meets all requirements.

Step 3: Smart Contract Development 

Build secure and efficient smart contracts that match your token’s needs on the TON blockchain.

Step 4: Token Minting

Carry out the process of creating and distributing your tokens to users or stakeholders.

Step 5: Testing and Auditing

Thoroughly test and audit your token to ensure it works properly and meets security standards.

Step 6: Deployment and Launch

Complete the process of launching your token on the TON network so that it can be used by the public.

📌 Why consider Dappfort for your TON Token Development?

Selecting the right partner is crucial for your TON token development. Dappfort provides expertise, security, and ongoing support. Here’s what to consider:

• Experience with token minting in TON and other blockchain.
• Strong TON blockchain security practices
• Deep understanding about TON blockchain use cases
• Good knowledge about writing & auditing TON smart contracts 
• Complete support and maintenance after launch.
• Tailored solutions to meet your needs.
• Clear communication for effective teamwork.

By partnering with Dappfort, you can ensure your TON token development is set up for success and long-term growth in the evolving blockchain landscape.

Ready to develop a TON dApp ? Dappfort offers customized dApp development services tailored to your unique needs

🌟 Conclusion

Developing TON tokens brings many chances in the expanding blockchain space. By understanding what Toncoin is, its key features, and the advantages of making TON tokens, anyone can explore this exciting field more easily. 

Using the right tools and collaborating with skilled developers like Dappfort can result in innovative and valuable blockchain solutions.