Digging Deeper into the NumbersAccording to TON’s Whitepaper, the total supply of Gram tokens issued during several ICO rounds will amount to five billion tokens with the ICO price set to increase progressively at each round. Investors will get 44 percent of the issuance, 4 percent will go to developers, while 52 oercent of tokens will be held in reserve. According to the HASH CIB report, the project sold 2.89 billion Grams and raised $1.7 billion — so one token cost about $0.38 during the first round and $1.38 during the second round. Extrapolating the results to the total issuance, the experts calculated that the total capitalization of the project amounts to about $2.94 billion. The target price of $5.9 means a tenfold increase by the end of the year.
The Final StagePavel Durov’s Blockchain-Platform Telegram Open Network (TON) is nearing completion. Telegram investors received a notification that the platform’s testnet launch is scheduled for the end of March. Initially, the testnet was supposed to go live in autumn 2018 but the release date shifted to January. However, the developers apparently encountered some unforeseen difficulties that forced them to delay the launch once again. Currently, Telegram is actively negotiating listing possibilities with large Asian cryptocurrency exchanges, including Huobi, Binance, and OKEx. Additionally, the project is considering partnership deals with various e-commerce and retail businesses.
What is TON?TON is envisaged as a multi-blockchain Proof-of-Stake system built on smart contracts technology and designed to host a new generation of decentralized applications and digital assets. Based on the TON Blockchain, a scalable and flexible architecture, it will include a master chain and up to 292 accompanying blockchains that will provide multiple services from micropayments to data storage. The developers claim they had to build the vast majority of protocols from scratch to create an innovative and decentralized data communication method. According to Alexey Blagirev, the head of the R3 and Codra development project in CIS countries, TON has the potential to become a platform with its own Internet. Do you believe that TON’s developer team will launch the testnet in March? Would you like to participate in it? Let us know what you think in the comments below!
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