# What is TONCO

**TONCO** is a decentralized exchange (DEX) on TON Blockchain that introduces **concentrated liquidity**, enabling liquidity providers (LPs) to maximize capital efficiency and offer traders better swaps with lower slippage.

### Key highlights:

* First CLAMM DEX on TON. Capital is used efficiently: higher yields for LPs, lower slippage for traders.
* Accessible to All Levels. Advanced strategies for experienced users and an intuitive interface for beginners.
* Developed by Algebra Team. Built by seasoned infrastructure experts with a strong reputation across EVM chains.