I now say that Ton will explode in the future, and I guess there will be a lot of criticism! ! !
After three years, I brought this coin up for discussion for the first time today. The story of TON began in 2017, when the Durov brothers, the founders of Telegram, began to explore blockchain solutions for their business. But since they couldn't find any L1 blockchain that could support Telegram's 1 billion-level user base, they challenged the status quo and designed their own L1: Telegram Open Network, or TON (later renamed "The Open Network").
On December 3, 2017, the team released the TON white paper, and a few weeks later, they launched the largest closed ICO in history, raising $1.7 billion by selling TON tokens (called "Grams"). Now with all that money, there was only one thing left to do: build. They did just that, and in 2019, they released the first two testnets and open-sourced the code.
However, they ran into trouble with the SEC because they were accused of conducting an unregistered securities offering in their ICO. This delayed the launch of the TON token until the legal issues were resolved. Telegram was forced to return ICO funds to investors in 2020, pay an $18.5 million fine, and stop supporting TON. This is how TON was renamed "The Open Network".
But this did not kill the OG blockchain, and another entity - TON Labs - decided to continue the project independently.
2. The rebirth of TON
Although all these regulatory issues have brought a lot of obstacles to TON, the team has not stopped providing services, and the discussion around TON has only recently become lively when Telegram officially announced its cooperation with the blockchain again in September 2023. From that moment on, momentum began to pick up, and TON climbed to the ninth largest crypto project with a current FDV of about $25 billion.
The founders of TON coin are two brothers, Pavel Durov and Nikolai. Their parents served as senior professors, department heads, and secretaries at Moscow University during the Soviet era.
Telegram’s headquarters has moved four times. In the early days, it was in St. Petersburg, then moved to Berlin, Germany, London, England, Singapore, and now seems to have moved to Dubai. Just like the owner of Binance, it moved to the UAE.
The reason why I suddenly thought of the Ton coin crash today is actually because.
