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Telegram co-founder and CEO Pavel Durov has expressed pleasure in regards to the Telegram Open Community (TON) know-how nonetheless growing after Telegram officially abandoned the project final yr.
“I’m proud that the know-how we created is alive and evolving. With regards to scalability and pace, TON continues to be years forward of every part else within the blockchain realm,” Durov said in a Telegram put up on Thursday.
He famous that the mission rebranded from TON to Toncoin. In contrast to the unique TON, the brand new mission is unbiased of Telegram. “However I want its workforce the identical success. Coupled with the proper go-to-market technique, they’ve all they should construct one thing epic,” he famous.
Durov’s remarks got here amid Donate, a Telegram-verified funds service, getting ready to allow donations on Telegram utilizing the Toncoin cryptocurrency.
TON on Thursday announced a partnership with Donate, saying that customers will quickly have the ability to make donations and pay for his or her subscriptions in Toncoin. On the identical time, channel directors will have the ability to gather their revenue within the cryptocurrency. The Subscriptions service beforehand introduced the information on Monday.
TON is a blockchain that was created by brothers Nikolai and Pavel Durov in 2017, however the two and Telegram stepped away from the mission in 2020 after a prolonged battle with the US Securities and Alternate Fee. The SEC particularly gained a case the place it accused Telegram of violating the U.S. securities laws by conducting its $1.7billion preliminary coin providing in 2018.
Regardless of Telegram formally terminating the mission greater than a yr in the past, the concept of TON has not been deserted, with the unique open-source mission giving rise to a number of independent spinoffs.
On the time of writing, the TON Russian group has virtually 160,000 subscribers on its official Telegram channel, whereas the worldwide Toncoin group counts about 50,000 followers.
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Amid the most recent information, Toncoin’s worth has seen notable progress, surging over 23% over the previous 24 hours and buying and selling at $2.93 on the time of writing, based on data from CoinGecko. The token’s all-time excessive was $4.5 recorded on Nov. 12. The token is listed on a number of the world’s largest crypto exchanges, together with OKEx, FTX and EXMO.
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