Overview

Ultra-Fast Blockchain technology from Telegram messenger.

Project stage

Only a whitepaper

Detailed description

Telegram is uniquely positioned to establish the first mass-market cryptocurrency by providing a platform that combines these properties. Telegram will use its expertise in encrypted distributed data storage to create TON, a fast and inherently scalable multi-blockchain architecture. TON can be regarded as a decentralized supercomputer and value transfer system. By combining minimum transaction time with maximum security, TON can become a VISA/Mastercard alternative for the new decentralized economy.

At the core of the platform is the TON Blockchain — a scalable and flexible blockchain architecture that consists of a master chain and up to 292 accompanying blockchains. Below are some notable design choices that allow the TON Blockchain to process millions of transactions per second.

Launching in 2018, this cryptocurrency will be based on multi-blockchain Proof-of-Stake system — TON (Telegram Open Network, after 2021 The Open Network) — designed to host a new generation of cryptocurrencies and decentralized applications.

Problem

Bitcoin has established itself as the «digital gold», and Ethereum has proved to be an efficient platform for token crowd sales. However, there is no current standard cryptocurrency used for the regular exchange of value in the daily lives of ordinary people. The blockchain ecosystem needs a decentralized counterpart to everyday money - a truly mass-market cryptocurrency.

Despite their revolutionary potential, existing cryptocurrencies lack the qualities required to attract the mass consumer. There are three main hurdles in today’s environments:

  • The established blockchain networks - Bitcoin and Ethereum - play important roles in the ecosystem, but don’t have the capacity to replace VISA or Mastercard. In their current architecture they are limited to a maximum of only 7 transactions per second for Bitcoin and 15 transactions per second for Ethereum, resulting in insufficient speeds and higher transaction costs.
  • Regular users starting to engage with Bitcoin and similar technologies often get confused when trying to buy, store, and send their coins. 
  • The market of goods and services that can be bought with cryptocurrencies is limited, and the demand for crypto-assets comes mainly from investors, not consumers.

Solution

Exchanging value should be as easy as exchanging information, and blockchain technology offers the ideal foundation to make this a reality. To reach mainstream adoption, a cryptocurrency - and its underlying blockchain design and ecosystem - requires:

  • 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 decentralized apps in a natural way.
  • An engaged user base that serves as the pre-existing critical mass necessary for the ecosystem to grow and eventually become adopted by hundreds of millions of users.

Telegram is uniquely positioned to establish the first mass-market cryptocurrency by providing a platform that combines these properties.

Features

Scalable
Can securely handle millions transactions per second, thanks to unique Multi-Blockchain Architecture

Fast
Hypercube Routing, TON Blockchains can quickly exchange data using a smart routing system.

Instant
Uses direct payment channels to transfer value in milliseconds

Efficient and Flexible
Processing nodes do only useful work maximizing efficiency and each block in a TON blockchain can become a blockchain of its own, making the structure immensely flexible.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : GRAM
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Own blockchain ()
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :5,000,000,000 GRAM
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :2,200,000,000 GRAM
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Without whitelist
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :FIAT,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Team: 4-year vesting period
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Private sale — Ended
      15 Feb 00:00 UTC
      15 Feb 00:00 UTC
      0.1 USD 5% - 45% 1 ETH - 40 ETH Uncapped 2,200,000,000 GRAM
      Private sale

      3+ ETH = +5% BONUS

      10+ ETH = 10% BONUS

      20+ ETH = 20% BONUS

      30+ ETH = 35% BONUS 

      Current discount: 45% from ICO base price

      Read more about vesting and bonus
      • Team

        • Nikolay Durov photo
          Nikolay Durov
          Co-founder, CTO
        • Pavel Durov photo
          Pavel Durov
          Co-founder, CEO
        • Aliaksei Levin photo
          Aliaksei Levin
          Engineer
        • Vitalik Valtman photo
          Vitalik Valtman
          Engineer
        • Arseny Smirnov photo
          Arseny Smirnov
          Engineer
      • Advisors

      Roadmap

      • Q3 2013

        Launch of Telegram Messenger and the Telegram API

      • Q2 2015

        Launch of the Bot API and Platform

      • Q2 2017
        • Launch of the Payments Platform
        • Start of the development of TON
      • Q1 2018

        Launch of Telegram External Secure ID

      • Q2 2018

        Launch of the Minimal Viable Test Network of TON

      • Q3 2018

        Testing and security audits of TON

      • Q4 2018
        • Deployment of the stable version of TON
        • Launch of Telegram Wallet
      • Q1 2019

        Creation of TON-based economy in Telegram

      • Q2 2019

        Launch of TON Services, TON Storage, and TON Proxy

      Activity

      Social