Telegram ICO (TON)

Ultra-Fast Blockchain technology from Telegram messenger.

Telegram ICO (TON)

Core Team Members Core Team Title Core Team Profile Link
Nikolai Durov Founder, CTO Link
Pavel Durov Founder, CEO Link
Aliaksei Levin Engineer Link
Vitalik Valtman Engineer Link
Arseny Smirnov Engineer Link
John Client C++ Engineer
Igor Lead Backend Engineer
DrKlo Android Engineer
Peter iOS/Swift Engineer
Grisha Cross Platform Developer
Kolar Backend/Frontend Engineer
Ilya iOS/Swift Engineer
Igor Infrastructure Architect

Company Intro

  • 2013

  • Blockchain

  • Telegram Open Network (TON) - based on multi-blockchain proof-of-stake system designed to host a new generation of cryptocurrencies and decentralized applications. In particular, the mission is to enable:

    Speed and scalability that allows for processing millions of transactions per second and accommodating hundreds of millions of active users and millions of applications.

    Intuitive user interfaces that enable an average user to easily buy, store, and transfer value, as well as use decentrilized apps in a natural way.

    An engaged user base that serves as pre-existing critical mass necessary for the ecosystem to grow and eventually become adopted by undreds of millions of users.

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  • Technologies:

    Infinite Sharding Paradigm: TON blockchains can automatically split and merge to accommodate changed in load.

    Instang Hypercube Routing: smart routing mechanisms to ensure swift transactions, regardless of the size of the system.

    Proof-of-Stake Approach: using PoS approach allows to focus computing power of its nodes on hnadling transaction and smart contracts, further increasing speed and efficiency.

    2-D Distributed Ledgers: "growing" new valid blocks opn top of any blocks that were proven to be incorrect to avoid unncessary forks.

    Main offering:

    TON Storage: distributed file-storage technology

    TON Proxy: a network proxy / anonymizer layer used to hide the identity and IP addresses of TON nodes.

    TON Services: 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 decentrlized browsing experience.

    TON DNS: a service for assigning human-readiable names to accounts, smart contracts, services, and network nodes.

    TON Payments: a platform for micoropayments, for instant off-chain transfers between users, bots, and other services.

    Telegram Messenger - TON Integration:

    Light Wallet: a light client that can run on mobile devices without consuming significant resources and can be built into Telegram applications.

    External Secure IDs: after passing KYC-AML on Telegram once, users will get a virtual possoport to log into services that require user verification.

    Telegrams Existing Ecosystem: bot platform, groups and channels, digital content and physical goods, a gate way to Decentralized Services

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  • Not known

  • By definition the token is closer to utility token. However, the closed nature of this ICO makes it more like a security than the usual utility token.

  • USD 1.7 billion

  • 5 billion

  • TON Reserve 52%
    Sold to investors 44%
    Team 4% (4-year vesting)

    850 million tokens were sold on pre-sale to 81 selected investors

  • Equipment, bandwidth, colocation, and user verification costs - 80%
    Wages, offices, and legal
    and consulting services - 20%

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  • 850 million tokens were sold on pre-sale to 81 selected investors raising USD 1.7 billion.

  • The current progress is not known.

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