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