Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Faraldanne on June 15, 2020, 09:46:30 AM



Title: Free TON - An alternative to Durov's TON?
Post by: Faraldanne on June 15, 2020, 09:46:30 AM
Free TON (The Open Network) is a new blockchain platform created by the developers of the Telegram Open Network (also abbreviated TON). FREE TON positions itself as a community project which uses the telegram developed open source “TON OS” as virtual Operating System to run smart contracts and decentralized applications. Despite the name, Free TON is not officially affiliated with Telegram Inc nor are there any claims that it will be incorporated in the Telegram App. The project also doesn’t include Telegram CEO Pavel Durov, which is very likely an intentional move to distance themselves from the Telegram Open Network.

Built on Open-Sourced Components

Free TON is built on components that were open sourced this week. These components were originally part of the Telegram Open Network project developed by TON labs and other parties. By making these components Open Source, everyone around the can view and copy fragments of the code.

Distribution of TONs

Free TON will be distributed via “Giver Contracts” who are responsible for distributing TONs to 3 major groups:

  • Users
  • Validators
  • Developers

Referral Giver be responsible for airdropping coins to initial users via a referral program. This will be the largest group, and Referral Givers will give away 85% of all TONs.

Free TON Roadmap

Stage I ”Raging Bull” — Incentivized Beta Network with a Decentralized Time Bomb (DTB)
Stage II ”Rumble Fish” — Incentivized Beta Network with validator voting for Network Configuration
Stage III “Fight Club” — Decentralized Main Network, at the point where decentralization is sufficiently achieved
TON Crystal exchange listing
The TON crystal is the official currency of Free TON. This currency will be used to power transactions on the network (similar to Ethereum Gas) and also used native currency on the network. Currently it’s unknown if there will be any regulatory issues with listing Free TON. Whilst we know developed by a similar developer pool as the TON project, it’s unknown if it will carry over any of the legal issues.

Community is not accepting US members

The Free TON community has a strong “No US resident” policy, where US residents cannot participate in the community nor receive any free tokens. This is likely related to the on-going legal issues between Telegram Open Network and the US SEC – where a pending lawsuit and investigation is preventing the coin from being launched. Very likely the developers behind Free TON has learnt from the previous mistakes and decided not to include US residents in any form.

Conclusion

Free TON is everything Telegram Open Network would be – but without Telegram. The community project aims at creating a decentralized network using all the research and development which went into the original TON (a project that was canceled due to regulatory issues).

How do I get Free TON

Users will get distributed Free TON via the Referral Giver method. 85% of all TON will be given away by this method

How do I mine TON


You cannot mine TON as it’s not using the Proof of Work consensus. Instead, there are 300 public validators that will be able to earn TON


Title: Re: Free TON - An alternative to Durov's TON?
Post by: casperBGD on June 15, 2020, 10:01:56 AM
Free TON will be distributed via “Giver Contracts” who are responsible for distributing TONs to 3 major groups:

  • Users
  • Validators
  • Developers

How do I get Free TON

Users will get distributed Free TON via the Referral Giver method. 85% of all TON will be given away by this method


interesting plan for distribution, could not say that i do not believe in the project, but there is not many information provided to validate plans


Title: Re: Free TON - An alternative to Durov's TON?
Post by: alexforneus on June 15, 2020, 10:30:26 AM
Without telegram and Durov TON has no future. Actually, its just another one blockchain, nothing intresting. Telegram platform was the main feature


Title: Re: Free TON - An alternative to Durov's TON?
Post by: batang_bitcoin on June 15, 2020, 10:48:44 AM
Is there really going to be a progress for this project? With the most news that I've read and heard about them, it's likely that this project will discontinue. Here are the news that I've seen about their stop.
1. Telegram shuts down its cryptocurrency operation (https://www.theverge.com/2020/5/12/21256407/telegram-cryptocurrency-shutdown-sec-gram)
2. Telegram abandons $1.7 billion crypto project (https://decrypt.co/28597/telegram-open-network-project-abandoned)
3. Updated: Telegram Abandons Telegram Open Network and Gram Tokens (https://cointelegraph.com/news/breaking-telegram-abandons-telegram-open-network-and-gram-tokens)


Title: Re: Free TON - An alternative to Durov's TON?
Post by: Petryakov on June 15, 2020, 12:27:10 PM
What's the point? The architecture described in the original whitepaper is a complete mess that simply cannot work, even if we assume that it is embedded into Telegram. This may be an actual reason why Durov completely abandoned the idea: he simply realized that he cannot build a system that can perform as he promised. I don't see any point in launching this abomination as a standalone project.


Title: Re: Free TON - An alternative to Durov's TON?
Post by: torrantz on June 15, 2020, 12:52:19 PM
What's the point? The architecture described in the original whitepaper is a complete mess that simply cannot work, even if we assume that it is embedded into Telegram. This may be an actual reason why Durov completely abandoned the idea: he simply realized that he cannot build a system that can perform as he promised. I don't see any point in launching this abomination as a standalone project.
that's the main point why he was abandoning his old TON and SEC could be the next reason too why he was running away from the old TON.

He thought that rather than try to rush the SEC too and it's better for him to abandon the project and he has no responsibility with the legal action that has already taken by SEC but the big problem was so many investors have bought old TON (IOU) which issued by 3rd parties.


Title: Re: Free TON - An alternative to Durov's TON?
Post by: milandres0207 on June 15, 2020, 01:38:44 PM
This was absolutely not a giveaways programs, instead, it is a referral program. Where no refer no Free TON.
In short, this is not a free opportunity for everyone here in cryptocurrency. I doubt that this one will run for the long term.
Because you can only get to earn big if you also have a lot of friends who will participate here just as simple as that.