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Telegram Open Network (TON ), which will improve exceeded capabilities. The launch of Telegram’s cryptocurrency will be funded with a massive ICO, but will only involve private pre-sales ranging into the hundreds of millions. It’s great achievement for ico. Especially considering the fact that it comes from a fairly new startup.
Telegram is already the de facto communication channel for the global cryptocurrency community, making a natural home to its own coin and Blockchain.
Selling a TON of Cryptocurrency :
Telegram is understood to be considering raising as much as $500 million in the pre-ICO sale at a potential total token value in the range of $3 billion to $5 billion. Anyhow, those rate could change before the ico,which could come as soon as March. Those figures would make it possibly the biggest private crypto raise to date after Tezos, which raised over $230 million in July.
Understanding Telegram Open Network
Durov’s idea is to launch an entirely new blockchain, using the Telegram’s 180 million users as rocket fuel to power forward into mainstream adoption off cryptocurrency and making Telegram, effectively, a kingmaker of other cryptocurrencies, because of its existing scale.making Telegram, effectively, a kingmaker of other cryptocurrencies, because of its existing scale. According to Telegram’s white paper that TechCrunch has review portions of, its cryptocurrency will be called “Gram” and could potentially gain immediate mainstream adoption by being tied to Telegram’s chat app.
We Chat But With Crypto
With TON, Telegram aims to develop cryptocurrency-based utility akin to WeChat, which has blossomed into much more than a chat app and acts as default payment mechanism for many in China. While payments can be made very quickly in WeChat for a variety of services, the system remains very centralized. A decentralized platform such as TON could offer more security and resilience. Sources say that Telegram plans to allow users to hold both Telegram’s currency and fiat currency in a forthcoming wallet.
There’s also the existing developer ecosystem Telegram has built up around it, where bots and services are offered by third-party developers. Again, here TON could, in theory, underly everything a developer brings to Telegram.
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What do you think about Telegram moving to the blockchain network? Do you think its native cryptocurrency will get immediate mainstream attention? Is it a wise move? Let us know your thoughts.