Telegram’s Crypto Project TON Is Almost Ready
Telegram Open Network TON may go down into crypto industry’s history as the most secretive, bit well financed project. Last year, the ICO of a popular messenger Telegram raised $1,7 billion, Gram tokens were sold to a limited list of investors. It was reported that time that such players as Benchmark, Sequoia Capital and Kleiner Perkins Caufield & Byers were among them.
According to the information that Ethereum World News received, Telegram Open Network TON is 90% ready. The data is taken from a new announcement for investors which tells about considerable progress. The test net will probably be launched this March, although it was planned to do it in January.
Listing On The Largest Exchanges
The report also tells about negotiations with popular Asian exchanges. It is possible that GRAM will be listed on many trading platforms right after the launch of the testnet. First of all, it refers to Huobi, Binance and OKEx. The team is also negotiating with e-commerce representatives, retailer trading networks and online suppliers from the service sector.
According to unofficial white paper published on the Internet, TON’s goal is to create a new crypto currency and a new ecosystem able to satisfy the needs of 200 million users of Telegram. The project is designed to implement blockchain into a popular messenger. An opportunity to make micro payments will become one of the main advantages of the network. TON will be scaled due to sharding and will work with smart contracts of dApps.
PoS algorithm will be used for network functionality, the consensus will be reached with the help of an option of Byzantine Fault Tolerant protocol. Maybe, some time later the projet will be able to surpass the giants like Visa and MasterCard.