Since the creation of the most convenient and secure messenger Telegram, its developers have had the idea of launching their own cryptocurrency. Four years later, the project was launched. It was named TON - Telegram Open Network. The purpose of blockchain development is the emission and sale of the Gram cryptocurrency.

The launch of the working version of TON is scheduled for late October. The test version is already available to customers. A nice bonus of the new network is the release of a light version and a new language Fift.

Platform advantages and disadvantages

The creators of Gram Telegram claim that their blockchain project has a number of critical advantages over competitors:

High speed of work. The developers claim that TON is capable of processing several million transactions per second. In comparison with the main competitors Bitcoin and Ethereum, the efficiency of issuing tokens is many times higher.
Safety. The system is confidential, like Telegram itself, it has advanced protection against hacker attacks. Complete confidentiality of the client base and the presence of a special chat with the possibility of self-destruction exclude any outside interference.
The platform will operate using Proof-of-Work (PoS) technology. It is also compatible with the Ethereum cryptocurrency via the Solidity compiler. Any decentralized application created in the "Chinese Ether" can be moved to the Telegram Open Network

Experts see the main disadvantage of Gram TON in the lack of decentralization of management. The control over the emission of coins is completely in the hands of the blockchain developers. This can lead to distrust of token holders and, as a result, a drop in the value of coins. In addition, the process of attracting investors was also distinguished by its closeness and selectivity. The project managers did this personally and at their own discretion. The selection criteria remained encrypted, which caused discontent among potential investors. Government authorities also dislike this, fearing the possibility of using cryptocurrency in criminal scams.

Nevertheless, following the results of two rounds of ICOs, it was possible to attract $ 1.7 billion from 175 investors. The funds were used to create Gram coins.

How to become a client

It is quite easy and convenient to buy Telegram cryptocurrency. At the end of last year, an electronic messenger wallet was launched. Clients of the blockchain platform must use the service by October 16. After creating a crypto wallet, you need to download a special generator.ton.org application and use it to generate two types of keys - public and private. The complete source code for TON is hosted at github.com/ton-blockchain/ton. Potential token holders must send the public key to the blockchain developers. The private key belongs to the owner and guarantees the security of his transactions and assets. By this time, the management of the system, represented by Pavel Durov, promises to fulfill its obligations under the agreement for the purchase of coins.

Cost and quantity

The creators of the Gram cryptocurrency are preparing the emission of about 5 billion coins. This amount is planned to be distributed as follows:

200 million, or 4% of the total, the developers plan to distribute among themselves with a "freeze" of tokens for 4 years.
44% will be sold to token holders.
The rest of the coins will be held in reserve to protect against speculation and used when needed. More than half of the produced currency will be used for this.
At the same time, the cost of the TON cryptocurrency is still not known. Experts say the reason for this is the closed crowdsale process when creating a cryptocurrency. According to preliminary estimates, the price of the Gram token can range from two to three US dollars at the start of the emission. Some investment companies predict an initial cost of up to $ 8 per coin.

System features

The blockchain platform is unique. The belonging of some signs is characteristic only of her:

The sale and exchange of Gram coins will be implemented in a large number of directions using the bankcomat exchanger. The service is convenient in transactions and keeps pace with the times.
The project leaders said that Telegram and the TON Foundation will refuse to manage the system and will not take the role of validators after the launch of the network. Investors who participated in the token placement can participate in this. They have the right to confirm transactions and earn commissions from it.
To understand the principles of the blockchain, the developers have released and distributed the White Paper TON. This is a block of information about the new system. Contains both a large amount of useful data about the product, as well as the arguments in favor of its choice.
The system will provide users with access to any sites thanks to the newest TON Proxy resource blocking bypass service.
The procedure for exchanging coins will be completely legal. You dont need any additional permits to buy Gram.
The authors of the project of the TON platform and the Gram cryptocurrency are the Durov brothers, the creators of the popular Telegram messenger. The first details about the new blockchain appeared on the Tech Crunch website in early 2018.

White Paper TON - what and why

Any project needs advertising and investment attractiveness. For the Telegram Open Network, the developers have released a kind of informational publication White Paper TON. It also plays the role of the companys advertising brochure. The structure of the document contains the following points:

statistical data on the number of users, channels and Telegram information;
listing and explanatory information about TON services;
the main vectors for the development of the new crypto platform and the Gram token.
interesting information about the blockchain and helpful tips when using it.
The authors of the project announce that the services promised in White Paper TON will be launched somewhat later. Specific dates have not yet been set.