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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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Telegram CEO Pavel Durov donates 10 BTC to a Russian charity project backed by a local political activist.

Telegram CEO Donates 10 BTC to Charity Project in Russia

2020-05-28T19:15:00+01:00

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Going forward, the abbreviation “TON” will stand for “The Open Network,” following the departure of the project’s original creator, Telegram.

TON Doesn't Stand for 'Telegram Open Network' Anymore

2020-05-27T17:05:00+01:00

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Telegram has dropped its appeal against a U.S. federal court’s injunction that forbade Gram distribution, putting a halt to the TON project.

Telegram Puts Final Nail in GRAM's Coffin After Withdrawing Appeal

2020-05-25T11:03:00+01:00

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Free TON launches first community contests, planning to distribute thousands of TON Crystals among winners and participants.

Free TON Launches First Contests to Distribute Tokens Among Contributors

2020-05-18T17:12:00+01:00

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Only few TON investors reportedly want to support Telegram and wait for a 110% refund until April 2021 after TON’s official termination, a new report says.

Majority of TON Investors Reportedly Choose to Quit for 72% Refund

2020-05-16T20:00:00+01:00

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Qiwi co-founder Sergey Solonin has confirmed that he is taking the option to reissue his $17 million investment in Telegram’s TON as a loan, repayable at 110% n...

Qiwi Co-Founder Reissues $17M TON Investment as Loan to Telegram

2020-05-16T13:03:00+01:00

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Telegram’s TON network and coin were destined to fail with regulators, experts say. So, what’s left of the project?

TON’s Journey Over Before It Began as Others Take Up Telegram’s Mantle

2020-05-15T17:18:00+01:00

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Telegram CEO announces the end of Telegram Open Network and Gram following regulatory battle.

Updated: Telegram Abandons Telegram Open Network and Gram Tokens

2020-05-12T18:04:00+01:00

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