October Launch Confirmation for Telegram Open Network (TON)

The agreement between investors and Telegram was to launch the network by October 31, 2019 or else refunding policy will kick in

October Launch Confirmation for Telegram Open Network (TON)
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October Launch Confirmation for Telegram Open Network (TON)
October Launch Confirmation for Telegram Open Network (TON)

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Details regarding the launch promised it would take place before October 31, 2019, were revealed in the Ton Board Telegram group revealing parts of an email to the investors of the network from the team. 

Key items:

  1. Following a successful initial testing period, TON is planned to be launched in late October.
  2. Investors are provided with the TON Key Generation Software.
  3. Investors will have to provide Telegram with the public key to receive their Grams by October 16th. This key will be confirmed using credentials provided in the Token Purchase Agreement.
  4. The entire source code of TON is available at Github.
  5. Investors have to select validators. Neither Telegram nor the TON Foundation will serve as validators post-launch.

Validators of the network will be the users holding the largest amount of tokens.

A TON checklist was also revealed which covers the major points every crypto holder should check when making his or her choice, how to store or trade digital assets.

The checklist focuses on:

  • Risks of using native TON technology without sufficient experience
  • Items to check when generating the keys of the wallet
  • Dangers of using a mobile hot wallet to store meaningful volumes of Grams
  • Conversion of Grams into fiat and banking questions.

Telegram Open Network (TON) — Explained

 

The checklist can be downloaded here

 

October Launch Confirmation for Telegram Open Network (TON)

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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October Launch Confirmation for Telegram Open Network (TON)

October Launch Confirmation for Telegram Open Network (TON)
October Launch Confirmation for Telegram Open Network (TON)
October Launch Confirmation for Telegram Open Network (TON)
October Launch Confirmation for Telegram Open Network (TON)
October Launch Confirmation for Telegram Open Network (TON)