​Jettons on TON

It’s not for the first time when we mention the word „jettons“ on our channel. Today we’d like to talk about what this technology is and what usecases it has.

More than two months ago, the TON developers reported the finalization of the token standard, which is called TON Jetton. In simple words, tokens are a cryptocurrency that can be built on any blockchain by every person or a company. For example, the famous USDT, USDC, and SHIBA are tokens on the Ethereum blockchain.

Jettons have a large number of different usecases. One of them is creating the ecosystem around some product. Another one is encouraging users by their contribution to the project. We should note that many tokens might be a good investment as their price can rise (for example, due to listing on the exchange).

Tokens on TON have already appeared for the common-use. Tonhub, a popular TON Wallet, started supporting some tokens like $SCALE, $BOLT, $WTON, $TGR and others. Recently some third party developers launched the first Jetton Deployer – a convenient tool to deploy tokens.

We strongly believe that coming DEXs will significantly promote jetton’s technology on TON, making it as popular as NFTs now.