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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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In line with a November court ruling, Telegram CEO Pavel Durov gave a deposition regarding alleged violation of U.S. securities law by Gram token sale.

Telegram CEO’s 18-Hour Deposition Transcript Is Published Online

2020-01-17T19:10:00+00:00

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Despite recent action by the SEC, Telegram Open Network now has a fully-fledged blockchain explorer from Blockchair for its reportedly unstable testnet.

Amid Legal Controversy, Telegram Blockchain Explorers Are Already Available

Andrey Shevchenko

2020-01-17T16:30:00+00:00

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Telegram will still have to prove that its bank records comply with foreign data privacy laws despite a U.S. court denying a Jan. 2 application by the SEC.

Court Denies SEC Request to Make Telegram Reveal ICO Bank Records

2020-01-07T13:27:00+00:00

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In a new public notice, Telegram stresses that Gram tokens are not investment products, which would mean that they are not under the SEC’s sway.

‘Grams Are Not Investment’ Says Telegram, Subtly Denying SEC Jurisdiction

2020-01-06T16:53:00+00:00

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An inside look at the Telegram Open Network competition with an analysis of the contest’s task.

Behind the Scenes of TON: Lessons Learned on Deploying Smart Contracts, Part 1

2019-12-15T23:15:00+00:00

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According to new court filings, investors in Telegram’s $1.7 billion token sale included Kleiner Perkins, Lightspeed China and many others.

BNY Mellon and Credit Suisse Involved in Telegram’s $1.7B Sale: Report

2019-12-10T17:21:00+00:00

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Telegram has asked a U.S. court to dismiss the lawsuit against Gram cryptocurrency launch, latest court documents reveal.

Telegram Asks Court to Dismiss SEC Lawsuit Against Gram Cryptocurrency

2019-11-13T09:05:00+00:00

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Telegram’s cryptocurrency wallet Grams Wallet is now available for MacOS, Windows and Linux in test mode.

Telegram’s Grams Wallet Is Available on GitHub in Test Mode

2019-11-01T17:14:00+00:00

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