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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.

Analysis
As TON investors reject refund opportunity, experts weigh in on how damaging the latest developments are for the future of the project.
TON Gets Vote of Confidence: Investors Reject Refund Amid SEC Hearing Delay
Joseph Birch
2019-10-24T22:20:00+01:00
3208
Hodler’s Digest
Cointelegraph has been blocked in Russia, and Telegram’s legal showdown with the SEC has been delayed until February.
Libra Surprise, Telegram Drama, Cointelegraph Blocked: Hodler’s Digest, Oct 14–20
Thomas Simms
2019-10-20T18:25:00+01:00
2985
Analysis
TON investors could be left in the cold due to a reimbursement clause in the contract. Legal experts weigh in.
TON’s ‘Force Majeure’ Clause — Is Telegram About to Refund Investors?
Joseph Birch
2019-10-18T14:52:00+01:00
2895
News
Following Telegram’s counterclaim, the SEC insisted that the firm has violated securities laws, asking the court to grant a preliminary injunction.
SEC Insists Grams Are Securities — TON Launch Won’t Change This
Helen Partz
2019-10-18T11:41:00+01:00
3123
News
Telegram responds to the SEC in a filing with the U.S. District Court for the Southern District of New York, calling the SEC’s injunction “an ‘emergency’ of its...
Telegram Asks Court to Deny SEC’s Action, Says Gram Is Not a Security
Helen Partz
2019-10-17T19:45:00+01:00
4082
Analysis
TON was hurtling toward public release until the SEC stopped it dead in its tracks. Here is everything known about the project so far.
Telegram’s TON Launch and Token Distribution — All the Details to Date
Joseph Birch
2019-10-16T16:07:00+01:00
7484
News
Telegram’s pledge to return money to investors in the event of a delay to the launch of its blockchain network may be superseded by a “force majeure” clause in ...
Report: Telegram’s ‘Force Majeure’ Clause Curbs Investor Compensation
Marie Huillet
2019-10-14T11:53:00+01:00
4600
Hodler’s Digest
The SEC halts Telegram’s $1.7 billion token offering in a massive setback for TON, and Mark Zuckerberg is going to testify in front of Congress.
Telegram Bombshell, Zuckerberg to Testify, Ripple Row: Hodler’s Digest, Oct 7–13
Thomas Simms
2019-10-13T23:52:00+01:00
6121

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