DAILY CRYPTOS ESPRESSO – 03 Oct 2019

TON Labs, the organization which is developing the Telegram Open Network, confirmed that the TON network would be launched on October 13, or before.

At such a time, the management will be turned over to the network itself, and investors will receive their first GRAM tokens.

The software has already been published last month, after over one year of almost secret development. Investors have financed the project for a value of $1.7 B, valuing the experience of the development management & team.

Telegram is a major competitor to Facebook & WhatsApp and brings to the table 351 billion users worldwide and a very high level of competence.

The TON blockchain has been developed to be highly scalable, fast, and it allows us to develop smart contracts.

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