After the launch of Telegram 4 years ago, we are proud to introduce Telegram Open Network a project based on the blockchain is trying to revolutionize our vision of blockchain and cryptocurrency.
We have started this project a little over 8 months ago now. The idea came to us during the democratization of the blockchain which radically revolutionized the world, because of that security and are libertarianism.
Telegram had the same concept at the beginning, but the technology was quickly advanced and we want to follow this.
We have therefore created a FAQ allows you to have a clear answer to your question. Don't hesitate to send us any more, we will be happy to answer them.
If you wish to have the full FAQ, please access the website :
Pre-ICO - Start date 15 January 2018 / End date 31 January 2018
Frequently Asked Question :1) What is brief history of Telegram ?Telegram was founded in 2013 by libertarians to preserve freedom through encryption. The project has declared not-for-profit goals and remains independent and self-funded. Like Wikipedia, which for years has been a role model for the Telegram founders1 , Telegram has chosen a .org domain to emphasize its non-commercial status.
The resulting combination of speed, encryption, and independence attracted millions of users within a few months after the project’s launch2 in 2013. Telegram kept evolving with an average of 12 major updates a year. By February 2016, it had 100 million monthly active users and was delivering 15 billion messages daily.
In October 2017, Telegram reached 170 million monthly users, delivering 70 billion messages every day.3 At least 500 000 new users join Telegram daily. At this rate, the service is expected to hit 200 million monthly users in Q1 2018. These users can provide the required critical mass to push cryptocurrencies towards widespread adoption.
2) What problem is Telegram Open Network solving ?Bitcoin has established itself as the «digital gold», and Ethereum has proved to be an efficient platform for token crowd sales. However, there is no current standard cryptocurrency used for the regular exchange of value in the daily lives of ordinary people. The blockchain ecosystem needs a decentralized counterpart to everyday money a truly mass-market cryptocurrency.
The established blockchain networks Bitcoin and Ethereum play important roles in the ecosystem, but don’t have the capacity to replace VISA or Mastercard. In their current architecture they are limited to a maximum of only 7 transactions per second for Bitcoin and 15 transactions per second for Ethereum, resulting in insufficient speeds and higher transaction costs.
Regular users starting to engage with Bitcoin and similar technologies often get confused when trying to buy, store, and send their coins.
The market of goods and services that can be bought with cryptocurrencies is limited, and the demand for crypto-assets comes mainly from investors, not consumers.
3) What is vision of Telegram Open Network ?Exchanging value should be as easy as exchanging information, and blockchain technology offers the ideal foundation to make this a reality. To reach mainstream adoption, a cryptocurrency — and its underlying blockchain design and ecosystem requires:
- Speed and scalability that allows for processing millions of transactions per second and accommodating hundreds of millions of active users and millions of applications.
- Intuitive user interfaces that enable an average user to easily buy, store, and transfer value, as well as use decentralized apps in a natural way.
- An engaged user base that serves as the pre-existing critical mass necessary for the ecosystem to grow and eventually become adopted by hundreds of millions of users.
4) What is Telegram Open Network ?Telegram Open network is separated into two big family that of the Blockchain system and the platform.
The blockchain is the main core of the project and works in agreement with the platform side both are totally linked and form Telegram Open network.
5) What process for Token distribution ? How much token is distributed ?The total supply of native TON tokens (Grams) will equal 5 billion.
After the TON Blockchain is fully deployed, the annual inflation rate derived from the fundamental parameters of TON is projected at two percent. This inflation represents a payment made by all members of the community to the validators for keeping the system functional.
Four percent of the supply (200 million Grams) will be reserved for the development team with a 4-year vesting period. During the initial stage of active TON development, at least 52 percent of the entire supply will be retained by the TON Reserve to protect the nascent cryptocurrency from speculative trading and to maintain flexibility at the early stages of the evolution of the system. The remaining 44 percent (2.2 billion Grams) can be sold in accordance with the formula below:
The price of the first token to be sold will be approximately 0.1 USD, with and each successive token will be priced one billionth higher than the previous one. As a result, the additional supply coming from the TON Reserve will always be more expensive than the price paid by any of the existing buyers. This structure should allow the market to define the fair price and volume for the token sale.
A bulk pre-sale of TON tokens to a group of institutional investors for a fiat currency is possible under the average price per token or higher, depending on the vesting period and the volume of the transaction.
6) What is roadmap for next year ?For the coming years we have planned a rapid deployment of applications. In the course of the year 2018 to 2019 the main applications will be available, we warn that all the applications will be available in 2021.
