Telegram’s TON Blockchain to Be Launched in Late October

Libra Coin News
Thu, 10/03/2019 - 06:11
Alex Dovbnya
The obscure Blockchain project will be officially launched by Telegram at the end of October
Cover image via www.123rf.com
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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.

Related
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.

Related
Telegram Releases DLT Explorer for $1.7 Bln TON Platform and Node Software on Testnet

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.

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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