Telegram to launch its own cryptocurrency

11 January 2018
Surely, many people have heard that Telegram may launch its own cryptocurrency. Thanks to a leak, the source of which was the Cryptovest resource, these rumors have finally been confirmed.A leaked document, which was then published by The Next Web, confirms that Pavel Durov, the creator of the Telegram messenger, intends to launch his own cryptocurrency. The project, called TON, or Telegram Open Network, will reportedly be a third-generation blockchain. This will provide greater efficiency and feature set than its predecessors. In addition, since the cryptocurrency will be built into the messenger, its use will help greatly simplify payments between Telegram users. In addition, it is reported that Telegram plans to conduct an initial public offering of tokens, or ICO, as early as this spring. According to the expectations of the messenger team, this will help attract between $3 billion and $5 billion. The company plans to launch Telegram Wallet closer to the end of 2018, and the final launch of all TON services is scheduled for the second quarter of 2019.