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TON News

TON is the abbreviation for a blockchain project called The Open Network. TON originally stood for Telegram Open Network, but Telegram exited the endeavor in 2020.

Originally headed up by Telegram, the company behind the Telegram messaging app, TON started as a blockchain for decentralized applications and speedy transactions. The Telegram TON initial coin offering, or the TON ICO, ran in 2018, garnering approximately $1.7 billion through its GRAM token sale. TON subsequently saw significant backlash from the United States Securities and Exchange Commission, or SEC. Various developments surfaced regarding investor refunds.

Run by the community, a subsequent and separate project known as Free TON came to life in 2020. Free TON operates without Telegram as a blockchain formed from the original project’s code. Other TON solutions have also arisen based on available open-source data.

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“We are not selling Telegram – neither in part, nor in full,” Telegram CEO Pavel Durov promises.

Pavel Durov Denies He’s Selling Telegram Following TON Failure

2020-08-05T16:42:00+01:00

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As the official Telegram Open Network is being prepared to shut down on Aug. 1, global TON technology projects continue progressing.

China’s TON Spin-Off Launches Testnet and Token Airdrop

2020-07-28T13:48:00+01:00

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Telegram ceases its support of the test network for TON, but that will seemingly not deter the community from keeping the open-source project going.

Telegram Drops TON Testnet, but Independent Projects Carry New Hope

2020-07-14T19:05:00+01:00

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Users will need to install their own testnet validators to continue using the network.

Telegram Will Shut Down the TON Testnet by August 2020

2020-07-07T00:38:00+01:00

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Russian prosecutors are reportedly investigating a British firm that allegedly sold fraudulent Gram tokens.

Russia to Reportedly Investigate an Allegedly Fraudulent TON Offering in UK

2020-07-03T16:17:00+01:00

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Documents shared with Cointelegraph confirm that Telegram refunded some American TON investors 72% of their investments about a month ago.

US Investor Backs up Telegram’s Claim of Completing $1.2B Refund

2020-07-01T15:29:00+01:00

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Despite the original TON project being officially terminated, the U.S. SEC asks Telegram to return $1.2 billion.

SEC Asks Court to Order Telegram to Pay $1.2B Back for $1.7B ICO

2020-06-25T16:16:00+01:00

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As the official TON team transfers the TON development to “free source community,” the Chinese TON Community launches their own TON network.

China’s TON Community to Launch Their Own Blockchain Network

2020-05-29T13:22:00+01:00

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