The Open Network (TON) is a Layer-1 blockchain ecosystem deeply integrated with Telegram, empowering its Web 3.0 ecosystem. Starting in November 2023, Telegram users worldwide had access to TON Space (a new self-custody wallet), which gave users complete control of their digital assets without requiring wallet registration. With almost 950 m user-base of Telegram, it is 3x the number of Ethereum accounts. By 2028, TON’s foundation predicts 500 m active TON-based wallet In 2021, members of the TON community formed the TON Foundation to continue the project, started by Telegram. Today TON is a decentralized, multi-chain, and open internet platform with interoperability made up of several components, including: - Blockchain - the core protocol, a flexible multi-blockchain platform that connects TON’s components to form the greater TON Ecosystem - TON P2P Network - used for accessing the TON Blockchain, sending transaction candidates, etc. - TON Payments - a platform for micropayments  and a micropayment channel network - Storage - decentralized file depository, store archive copies of blocks and status data; torrent-like access - DNS - allows users to assign a human-readable name to crypto wallets, smart contracts, and websites TON has unique scalability and prioritization of sharding and asynchronous execution. There are already 551 apps in its ecosystem: Wallets, Staking, Exchanges CEX, Games, Dev Tools, etc. ​Toncoin is the native utility and payment token for TON, which is used for transaction fees, staking, governance, and payments ​The plan of the foundation is to drastically limit the circulating supply – this action will further support the currency price