Telegram Open Network project from the Telegram team aims to create a new generation of block-ecosystems: (1) TON Blockchain, capable of carrying out millions of transactions per second, (2) TON Platform, which includes TON Storage, a decentralized data storage system , TON Proxy - anonymization system for users, TON Services - a system for accessing TON functions for users, TON DNS - a naming system similar to WWW, TON Payments - a platform for micropayments
Strengths:• 170 million active users Telegram (October 2017), is expected to grow to 200 million (1 quarter of 2018) and 675 million (by 2021) • Attracted $ 850 million from well-known venture capitalists • Experience and authority of the founder - entrepreneur Pavel Durov • Strong technical specialists with proven experience
• Potential for multiple growth of the project when achieving the stated goals
Risks:• Team work on two projects (TON and Telegram) • Closedness of the team, non-transparency of materials and conditions for participation in ICO • 52% of the tokens in the reserve to maintain the system under the control of the TON team • Increased agiotage (including reselling of tokens) and changing ICO conditions • Possibility of state intervention in the project due to the support of anonymous payments • The team declares that it will be able to solve most of the key problems of the blocking and crypto currency at the moment, which caused criticism from MIT experts due to the lack of a detailed description of technical solutions • Growth of competition due to announcements of market leaders messengers - Whatsapp / Facebook, Viber (RakutenCoin), etc.
13,500,000 GRAM Plan to sell.
Telegram Open Network.
Multi-blockchain Proof-of-Stake system.
About Telegram Open Network.
Instant Hypercube Routing TON blockchains use smart routing mechanisms to ensure that transactions between any two blockchains will always be processed swiftly, regardless of the size of the system. The time needed to pass information between TON blockchains grows logarithmically with their number, so scaling to even millions of chains will allow them all to communicate at top speed.
TON Services TON Services provides a platform for third-party services of any kind that enables smartphone-like friendly interfaces for decentralized apps and smart contracts, as well as a World Wide Web-like decentralized browsing experience.
TON DNS TON DNS is a service for assigning human-readable names to accounts, smart contracts, services, and network nodes. With TON DNS, accessing decentralized services can be similar to viewing a website on the World Wide Web.
TON Payments TON Payments is a platform for micropayments and a micropayment channel network. It can be used for instant off-chain value transfers between users, bots, and other services. Safeguards built into the system ensure that these transfers are as secure as on-chain transactions.
The Telegram Team will rely on its 10-year experience in building user-friendly interfaces for tens of millions to create light wallets, exchanges, and identification services that will allow users to get on board with cryptocurrencies in an intuitive way.
Please, pay your attention that Cointelegraph is not responsible for the information on this ICO as there was no official statement so far. There is no official site either.
Telegram recently announced it would launch an ICO for its blockchain platform.
TON aims to deliver a fast, scalable blockchain with support for decentralised applications, distributed file storage, and micropayments.