Telegram-Backed Coin Toncoin (TON) Gains Massively to Earn Spot in Crypto Top 10
Last week’s rally may have been directly linked to a more recent announcement by the TON Foundation.
Last week’s rally may have been directly linked to a more recent announcement by the TON Foundation.
As Telegram is at loggerheads with the U.S. SEC, it has delayed the launch of its new network for the second time. Now it will pay U.S. investors 72% of their inputs, while non-U.S. investors may wait for a year and receive either Grams or 110%.
TON OS that is expected to launch in the nearest future will not serve as an alternative to the existing operating systems. Instead, it will be an add-in for devices to support apps based on blockchain.
At the beginning of 2018, Telegram had 200 million users, which means that the popularity of the messenger has incredibly increased.
Telegram has yet to publicly or formally acknowledge the project, but investors in last year’s $1.7 billion token offering, widely publicized in the press, are selling their gram allocations via OTC desks, exchanges and special-purpose vehicles.
Messaging app Telegram, that boasts over 200 million users, is planning to launch its Telegram Open Network (TON) in the third quarter of 2019.
Telegram launched private testing of its Telegram Open Network. The new blockchain is available to several development teams at the moment.
As experts have estimated, the total capitalization of Gram could be worth $29.5 billion by the end of 2019.
The Xena Exchange platform is prepared to create a derivative on Telegram’s GRAM token. Investors would be able to trade the GRAM tokens before they are issued on the Telegram TON project. Xena’s derivative would be available as of Feb. 27.
The blockchain platform of popular messenger Telegram is 70% ready, while the test-version of TON is said to see the public in the upcoming months.