Toncoin (TON) Tokenomics, Unlock Schedule and Vesting Chart

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Toncoin (TON) Token Unlock & Vesting Schedule

As of October 17, 2026, 2.82 billion TON have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 1.7 billion TON (617.54 million of them estimated) mostly from Temporarily suspended early-miner wallets and TON Believers Fund participant deposits, worth about $2.3 billion at today's price (60.13% of the market cap). Today's release is an estimated 37.16 million TON from Proof-of-stake validator issuance, TON Believers Fund donated reward pool and TON Believers Fund participant deposits.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

Supply, rewards, and fees

TON began with an initial supply of five billion native coins. Much of that supply was placed in proof-of-work “giver” contracts during the community-led period, allowing participants to receive coins through mining. The network itself now runs on proof of stake: newly issued validator rewards add to supply, while its fee-burn mechanism removes some coins from circulation. The balance between issuance and burning depends on network activity and protocol settings. (ton.org)

Gram’s most basic job is paying for activity on TON. Fees cover tasks such as processing a smart contract, forwarding messages, and storing contract data over time. Validators use the native asset as a stake to help secure the chain. People can also use it for transfers or take part in staking arrangements offered within the ecosystem. These roles connect demand for the currency to use of the network, rather than to one particular app. (docs-next.ton.org)

Upcoming TON Releases

Period	Allocation	Type	Amount	Value
Oct 17 – 31, 2026	TON Believers Fund participant deposits	Vesting, estimated	13.9M	$18.8M
	Proof-of-stake validator issuance	Issuance, estimated	8.5M	$11.5M
	TON Believers Fund donated reward pool	Vesting, estimated	3.8M	$5.2M
Nov 2026	TON Believers Fund participant deposits	Vesting, estimated	28.7M	$38.8M
	Proof-of-stake validator issuance	Issuance, estimated	17M	$22.9M
	TON Believers Fund donated reward pool	Vesting, estimated	7.9M	$10.7M
Total, next 12 months			1.7B	$2.3B

1–6 of 37 releases

of 7 pages

Values at $1.35 per TON (October 17, 2026), today's price, not a forecast. Releases continue after September 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.

Assumptions

Five billion TON were minted at launch, most were distributed through proof-of-work Giver contracts, and validators continue to create new TON. The chart includes the genesis mint, a dated future lifting of early-miner wallet restrictions, estimated Believers Fund installments and separately documented incentive payments. Foundation programs have published budgets, but most of their individual payments remain undated and some funding relationships are unresolved. Supply changes after December 2023 are estimated between supplied total-supply observations; missing earlier measurements, unknown cumulative burns and a difference between the live statistic and the supplied September 2026 reference prevent a full reconciliation.

Initial proof-of-work Giver distribution: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
Original testers and developers: The sources give the amount but no release dates.
Proof-of-stake validator issuance: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
TON Foundation donated reserve: Releases depend on future governance or treasury decisions.
The Open League pilot incentives: The sources give the amount but no release dates.
The Open League initial three-season incentives: Releases depend on recipients claiming tokens or on grants being awarded.
Foundation USDt adoption rewards program: The sources give the amount but no release dates.
Foundation five-million-TON DeFi incentives: Releases depend on recipients claiming tokens or on grants being awarded.
USDt deposits to Wallet Earn rewards: The sources give the amount but no release dates.
Foundation 25-million-TON airdrop initiative: Releases depend on future governance or treasury decisions.

Sources (18)

Initial Supply 5.00B

Unlocked Supply 2.82B

Unlock Progress — No maximum supply

Genesis Date Nov 15, 2019

Fully Unlocked Ongoing

Allocations 18

Marketcap Rank (#) 31

Price ($) 1.35 -7.15% (7d)

24h Volume ($) 5.8M -9.24% (7d)

Marketcap ($) 3.8B

Fully Diluted Value ($) N/A

Circulating Supply N/A

Perpetuals: 4 markets on Binance, OKX, Lighter and Hyperliquid · $66M open interest

Spot

Perp


TON/USDT	5.7M	351K/439K
TON/USDT	3.6M	236K/270K
TON/USDT	2M	349K/315K
TON/USDT	1.9M	347K/256K
TON/USDT	673K	403K/460K
TON/USD	552K	221K/297K
TON/USD	484K	206K/464K
TON/USDC	476K	101K/109K
TON/USDT	347K	304K/316K
TON/EUR	308K	7.2K/9.1K
TON/TRY	178K	59K/48K
TON/USDC	148K	45K/44K
TON/EUR	143K	19K/7.6K
TON/EUR	62K	38K/42K
TON/EUR	61K	18K/15K
TON/USD1	55K	18K/14K
TON/USDC	51K	337K/371K
TON/USDC	29K	8.9K/8.8K
TON/USDC	14K	98K/199K
TON/USDT	8.6K	90K/2.3K
TON/WETH	7.7K	15K/15K
TON/USDC	7.3K	68K/69K
TON/USDT	3.8K	1.1K/1.1K
TON/FDUSD	2.5K	1.9K/2.3K

Allocations

Original supply minted at testnet2 launch TBD

5,000,000,000 tokens · 3 parts

Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.

Not yet scheduled: 397,719,827.955 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.

Cliff: Nov 15, 2019 — 100.00% of allocation · 5,000,000,000 tokens

Sources: Toncoin FactsheetTON Blockchain Test Network — files and resources

Proof-of-stake validator issuance

Ongoing issuance

Timing not yet established (Nov 15, 2019 - Dec 24, 2023): amount unknown

Observed release: 157,215,019 tokens

Estimated from the last observation onward: about 565,332 per day (17,207,305 per month), the rate between the observations of 16 May 2026 and 29 September 2026.

Sources: The Open NetworkBecome a ValidatorTON Stat: network and supply statistics

TON Foundation donated reserve

527,000,000 tokens

Timing not yet established (April 2022 - open): amount unknown

Sources: TON Foundation reserve fundraising announcement

The Open League pilot and initial three-season incentive budgets

31,000,000 tokens · 2 parts

Foundation USDt adoption rewards program

11,000,000 tokens · 2 parts

Timing not yet established (April 2024 - open): amount unknown

Sources: TON Ecosystem: 2024 Year-End Report

Foundation 25-million-TON airdrop initiative

25,000,000 tokens

Timing not yet established: amount unknown

Sources: Chief Airdrop Officer: proposed 25 million TON distribution

Last Updated: 2026-09-29 02:49:30 UTC

Description

#31

Toncoin is a cryptocurrency that powers the TON network, a decentralized layer-1 blockchain that was originally developed by Telegram. It allows users to buy, send and store funds using a user-friendly application and pay fees or validate transactions with TON.

Sector:	Payments
Blockchain:	Other L1

2021

POS