The Creator of the messenger Telegram Pavel Durov launches its own ICO
As follows from the materials consulted by Bloomberg and Techcrunch, is in the nearest places of the messenger — create a payment platform based on the technology of the blockchain. Blockchain platform called Telegram Open Network (TON), and cryptocurrency — Gram.Unlike many cryptocurrencies, Gram will be carried out in just a second (low-speed transaction processing — one of the main disadvantages of bitcoin)
Now it's only the messenger, but the blockchain-TON platform should allow the telegram to become the normal environment for applications and services. Main aspects :
-decentralized VPN network based on the blockchain plus a trusted anonymiser;
-micropayments and transfers between users;
-application support internal telegrams;
-the creation of the domain name system, through which users within the network can work with familiar names, not with long lines of characters.
TON can use already existing social networks and other instant messengers. In internal documents of investors a ton is compared to the app stores Google Play and App Store, but only using the technology of the blockchain. It is supposed that thus it will become really popular and familiar to ordinary users. All this is scheduled to begin by mid 2019.
There is already a lot of hype going on about TON I assume that it is already overvalued. Don’t you believe?