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What is TON (Gram)?
The Telegram Open Network (TON) and Gram were associated with a blockchain project initiated by the messaging app Telegram. However, there have been significant developments and changes, and it's essential to verify the latest information.
Telegram planned to create a blockchain platform, TON, that would support various decentralized applications and a native cryptocurrency called Gram. The project aimed to provide secure, fast, and scalable blockchain solutions, combining elements of cryptocurrency and decentralized applications.
Gram, the native cryptocurrency of TON, was intended to facilitate transactions and serve as a utility token within the network. Telegram raised a substantial amount of funds through an Initial Coin Offering (ICO) to develop and launch TON and Gram.
However, regulatory challenges emerged, leading to delays and legal issues. In May 2020, Telegram officially abandoned the TON project due to a legal battle with the U.S. Securities and Exchange Commission (SEC). Consequently, investors were offered the choice of a refund or an alternative investment.
Telegram planned to create a blockchain platform, TON, that would support various decentralized applications and a native cryptocurrency called Gram. The project aimed to provide secure, fast, and scalable blockchain solutions, combining elements of cryptocurrency and decentralized applications.
Gram, the native cryptocurrency of TON, was intended to facilitate transactions and serve as a utility token within the network. Telegram raised a substantial amount of funds through an Initial Coin Offering (ICO) to develop and launch TON and Gram.
However, regulatory challenges emerged, leading to delays and legal issues. In May 2020, Telegram officially abandoned the TON project due to a legal battle with the U.S. Securities and Exchange Commission (SEC). Consequently, investors were offered the choice of a refund or an alternative investment.
Jan 17, 2024 03:23