At the end of December we echoed the intention on the part of Telegram launching a platform blockchain and own cryptocurrency. TON (Telegram Open Network), the blockchain Telegram would have certain advantages over bitcoin, although the project was canceled after having raised 1.7 billion dollars.
However, according to The New York Times, Telegram has reactivated the project In order not to lose the initial investment, everything is ready for launch on October 31.
Everything ready for the launch of TON and Gram
According to a document to which The New York Times claims to have had access, the condition for not losing the investment in the project was launch the cryptocurrency and the blockchain before October 31. Although the project seemed abandoned, the clause would be primarily responsible for finally seeing Telegram's work come to light.
The main objective with the Telegram cryptocurrency would be to achieve faster transfers, whatever the two points of the world in which the users are
The launch of the Telegram cryptocurrency and blockchain would be accessible to its more than 200 million users, that would have access to a new digital wallet for the Gram, name that receives the cryptodisc protagonist in this matter. The main objective with Gram, according to anonymous investors, is to be a currency focused on fast transfers.
As we read in Xataka, the Telegram cryptocurrency is similar to Libra, the cryptocurrency of Facebook, as for its mechanics, which revolves around an application and a social network. On the opposite side, Gram will have a volatile valuation just like bitcoin, something that will make it difficult for it to become a store of value.
In its release scheduled for before October 31, 2.89 grams will be put into circulation, the equivalent of the 1,700 dollars of investment that Telegram has.
Telegram share will launch its cryptocurrency and blockchain before October 31, according to The New York Times