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Telegram’s TON Blockchain to Be Launched in Late October

  • 📰 News

    The obscure Blockchain project will be officially launched by Telegram at the end of October

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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.

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Telegram’s TON Blockchain Will Support Ethereum dApps

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.

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Telegram’s TON Blockchain Will Support Ethereum dApps

Telegram’s TON Blockchain Will Support Ethereum dApps

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.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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