After acting coy about the development progress, the Telegram core team has finally confirmed that the much-awaited launch of the Telegram Open Network (TON) Blockchain will take place in late October.
Such a revelation was made in an e-mail that was sent by the messaging app giant to the project’s original investors.
Get your keys ready
The aforementioned e-mail states that the investors have been provided with the TON Key Generation Software, which allows creating public and private keys for TON accounts.
In order to obtain their GRAM tokens, all ICO participants are supposed to provide Telegram with their public keys no later than Oct. 16.
A historic ICO
Telegram has conducted the world’s largest initial coin offering back in early 2018, netting a whopping 1.7 bln from a batch of accredited investors. According to the Token Purchase Agreement, the TON Blockchain is supposed to be launch by Oct. 31. Otherwise, it will have to refund its investors.
Telegram and the TON Foundation will not act as the network’s validators. Instead, they will rely on users with significant amounts of tokens to confirm the blocks.