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.
Even though Facebook announced, what we could say, pretty big news of releasing their own coin – the Facebook stock price didn’t seem to bother. It still stands pretty steady at $161.45 on Nasdaq.
According to the New York Times report, Facebook plans to use its crypto token for in-app payments across its suite of applications. The Facebook Coin will be a stablecoin pegged to three different fiat currencies.
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.
While that the cryptocurrency industry is going through a very rough phase, here are the five events expected to set the growth trajectory of the crypto market in 2019.
According to the developers, TON will be released to investors in January. The mainnet launch of Gram is set to commence as early as March this year, with its debut in Japan.
Some sources report that Telegram creator is likely to present his TON project at World Economic Forum in Davos. Meanwhile, platform’s test version is reportedly available for some investors, with the official launch planned for the second half of this year.
An investor update from September pegged completion of the Telegram Open Network — the social media giant’s long-anticipated cryptocurrency project — at 70 percent.