Validators process transactions and receive fees from users (supply-side fees).

The Open Network (TON) is a smart contract platform for decentralized applications (a blockchain). The Open Network was founded by Telegram and launched in 2019.

GRAM holders own and govern the protocol. They currently take (burn) a cut of the total transaction fees paid by users (revenue). The Open Network's investors include KuCoin Ventures, MEXC Ventures, DWF Labs, etc.

governance

github

twitter

etherscan

website

Blockchains (L1)

# TON Token incentives Methodology

## 1. Overview

The total daily asset rewards distributed to validators and miners on the TON (The Open Network) blockchain are measured by TON token incentives. Economic incentives paid out for block production and network security, including both masterchain and workchain block rewards, are captured by this metric. Rewards from all block types are aggregated, normalized by decimal precision, and presented as the total daily incentive value in both TON assets and USD.

## 2. Data sources

- **Blockchain events**: Block records including block timestamps, sequence numbers, workchain identifiers, shard information, and masterchain block references are extracted from the TON blockchain, covering TON
- **External data**: End-of-day price feeds are utilized for TON

## 3. Step-by-step calculation

### Component A: Masterchain block identification and rewards

- **Purpose**: Masterchain blocks are identified and fixed rewards are assigned.
- **Logic**: TON blockchain blocks are filtered for masterchain blocks (workchain ID = -1), and the `timestamp`, `seqno` (as block number), `workchain`, and `shard` fields are extracted. A fixed reward of 1.7 billion TON units (1,700,000,000 in the smallest denomination) is assigned to each masterchain block.
- **Key fields**: `block_timestamp`, `block_number`, `workchain`, `shard`, `amount`

### Component B: Workchain block identification and dynamic rewards
- **Purpose**: Workchain blocks are identified and variable shard-based rewards are calculated.
- **Logic**: TON blockchain blocks are filtered for workchain blocks (workchain ID = 0), and block information, including the reference to the corresponding `masterchain_block_seqno`, is extracted. Dynamic rewards are calculated by dividing 1 billion TON units by the count of distinct shards for each masterchain block, ensuring total workchain rewards per masterchain block are maintained at 1 billion units regardless of shard count.
- **Key fields**: `block_timestamp`, `masterchain_block_number`, `workchain`, `shard`, `block_number`, `amount`

### Component C: Reward aggregation and combination

- **Purpose**: Masterchain and workchain block rewards are combined into a unified dataset.
- **Logic**: Masterchain block rewards (fixed 1.7 billion per block) are unioned with workchain block rewards (variable based on shard count) to create a comprehensive view of all TON block rewards. Each record is represented as a single block with its associated reward amount.
- **Key fields**: `block_timestamp`, `masterchain_block_number`, `workchain`, `shard`, `block_number`, `amount`

### Component D: USD conversion and final aggregation

- **Purpose**: Raw reward amounts are normalized, converted to USD, and aggregated to daily intervals.
- **Logic**: Raw reward amounts in TON's smallest units are normalized by decimal precision to obtain full TON assets. Daily totals are calculated by summing all masterchain block rewards (1.7 billion units each) and workchain block rewards (1 billion total per masterchain block, distributed across shards) within each day. These daily totals are then multiplied by end-of-day TON prices to determine the USD value. Daily granularity is maintained with UTC day boundaries.
- **Key fields**: `timestamp`, `token_incentives`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

TONGRAM

Token incentives

Token incentives

Competitive landscape