<h2>What is TON (The Open Network)</h2><p>The Open Network or TON blockchain is a scalable and high-performance blockchain, originally created by the Telegram messenger team, and now developed by an independent team.&nbsp;</p><p>The brightest benefits of TON are scalability through sharding, real&nbsp;<a href="https://blog.ton.org/100000-transactions-per-second-ton-sets-the-world-record-on-its-first-performance-test">100,000+ transaction per second</a> throughput, and&nbsp;<a href="https://www.theblock.co/post/279566/telegram-introduces-ad-revenue-sharing-with-5050-split-using-only-toncoin-in-nearly-100-countries">deep integration</a> with Telegram messenger.&nbsp;</p><h2>What is Toncoin (TON)</h2><p>Toncoin (TON) is the native cryptocurrency of The Open Network. As with most native coins, the users buy them to pay transaction fees, use them as a medium of exchange in most decentralized applications built on TON, and stake them to improve the network security and earn staking rewards.</p><h2>Where to Buy TON</h2><p>TON is listed on several major centralized exchanges:</p><ul><li><a href="https://www.okx.com/trade-spot/ton-usdt?channelid=1902090">OKX</a></li><li><a href="https://www.bybit.com/trade/spot/TON/USDT/?affiliate_id=9763">BYBIT</a></li><li><a href="https://www.kucoin.com/trade/TON-USDT?rcode=e21sNJ">Kucoin</a></li></ul><p>Also, most TON wallets support buying TON via third-party fiat and crypto onramps, depending on the wallet.</p><h2>Which Wallets Support TON</h2><p>TON is compatible with many non-custodial wallets to safely store and use your TON.&nbsp;</p><ul><li><a href="https://tonkeeper.com/">Tonkeeper</a></li><li><a href="https://wallet.tg/ton">TON Space</a></li><li><a href="https://blog.ton.org/ton-is-coming-to-ledger-hardware-wallets">Ledger</a></li><li><a href="https://mytonwallet.io/">MyTonWallet</a></li><li><a href="https://tonhub.com/">Tonhub</a></li></ul><h2>How Staking Rewards for TON Network are Generated</h2><p>In short, validators receive rewards for producing blocks and validating transactions. More details are in the&nbsp;<a href="https://faq.tonstakers.com/">FAQ</a>.</p><p><a href="https://tonstakers.com/">Tonstakers</a> liquid staking utilizes auto-compounding, meaning all received TON coins are put to work on the next validation cycle, progressively increasing the number of rewards for each participant.&nbsp;</p><p>That’s why the reward rate is being displayed as APY (Annual Percentage Yield) instead of APR (Annual Percentage Rate). In short, Tonstakers automatically maximizes users’ rewards, and the only way to earn even more is to stake more.</p><h2>How to Stake TON</h2><p>To become a standalone validator, a user has to have at least 300,000 TON.</p><p>Using liquid staking services like Tonstakers is beneficial as they enable users to stake from 1 TON instead of thousands and enable instant withdrawals through staking pools.</p><p>To stake TON, follow these steps:</p><h3><strong>Step 1: </strong>Make sure you have a Ton-compatible wallet</h3><p>Stake your TON tokens using Ledger, Ton Wallet, Trust Wallet, amongst others. We will use the Ton wallet in this staking tutorial. As a popular wallet in the Ton Network ecosystem, Ton wallet offers users the ability to stake tokens, access blockchain apps, and manage multiple tokens in one wallet.</p><h3>Step 2: Go to the Ton Network staking portal and connect your wallet</h3><p>Open the&nbsp;<a href="https://app.tonstakers.com/">Staking page on Tonstakers</a>, then click the ‘Connect Wallet’ button in the top-right-hand page corner or ‘Connect wallet and Stake’ in the middle, then connect your TON wallet.</p><p><img src="https://tidy-ball-c49dc59f59.media.strapiapp.com/connect_ton_wallet_60a0aba0da.png" alt="connect-ton-wallet.png" width="1080" height="1080"></p><p>&nbsp;</p><h3>Step 3: Enter the amount of TON you want to stake</h3><p>Enter the amount of TON you want to stake, press ‘Stake’, and approve the transaction in your wallet.<br>&nbsp;</p><p><img src="https://tidy-ball-c49dc59f59.media.strapiapp.com/ton_stake_amount_0be4825166.png" alt="ton-stake-amount.png" width="1080" height="1080"></p><p>You have staked your TON tokens and will have received tsTON, an LP token of Tonstakers. You can exchange your tsTON for the original amount of TON plus accumulated rewards at any time, or use it in other DeFi protocols on TON Network.</p><p>&nbsp;</p><h3>Step 4: Track staking portfolio</h3><p>Go to the&nbsp;<a href="https://app.tonstakers.com/account">Account page on Tonstakers</a> to see your stats.</p><p><img src="https://tidy-ball-c49dc59f59.media.strapiapp.com/track_ton_portfolio_e1f8cad28b.png" alt="track-ton-portfolio.png" width="1080" height="1080"></p><p>Track the current and historical reward rates, validator count, number of unique TON Network staking wallets, and staking ratio of TON Network network by visiting the&nbsp;<a href="https://www.stakingrewards.com/asset/the-open-network">TON Network asset page</a>. To make better staking decisions, it's essential to understand these relevant data points. To learn how these data points could impact your staking rewards, please read more in the FAQ sections named “How do I choose TON Network validators” and “How are the rewards generated” on the TON Network asset page.<br>&nbsp;</p><p>&nbsp;</p><h3>How to Unstake TON</h3><p>To unstake your TON tokens, go to the&nbsp;<a href="https://app.tonstakers.com/unstake">Unstake page on Tonstakers</a>, enter the number of tokens you want to unstake, and then choose the unstake type:</p><ul><li>Default — Tonstakers will withdraw TON instantly or with a short delay for the slightly better rate, depending on the available liquidity;</li><li>Instant —&nbsp;your request will be fulfilled instantly or cancelled depending on the available liquidity;</li><li>Best Rate — your request will be fulfilled at the end of the validation cycle with the best tsTON to TON rate.&nbsp;</li></ul><p>After you select the right unstake type or leave it on Default, click the "Unstake" button and sign the transaction.&nbsp;</p><p><img src="https://tidy-ball-c49dc59f59.media.strapiapp.com/unstake_ton_afd8a4e269.png" alt="unstake-ton.png" width="819" height="696"></p><p>Make sure you are using the same wallet that has tsTON tokens in it.</p><h2>Conclusion</h2><p>Validators, who stake their tokens, receive rewards for ensuring blockchains’ cryptoeconomic security and processing transactions. To do this, they have to maintain infrastructure and stake at least 300,000 TON.</p><p>Liquid staking protocols like Tonstakers help to lower the staking entry barrier to attract more TON: participants can start with only 1 TON in wallet and without caring about nodes and protocol updates.&nbsp;</p><p>Lastly, don’t forget to check out the&nbsp;<a href="https://www.stakingrewards.com/asset/the-open-network">TON staking page</a> for more insights into staking TON, and drop us a message if you found this tutorial useful. Happy staking!</p><p>&nbsp;</p>

How to Stake Toncoin (TON)

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