Telegram to Debut ‘Test Version’ of Blockchain Platform TON ‘This Autumn,’ Say Investors
messenger service will release a test version of its TON platform “this autumn,” media outlet reports Tuesday, Oct. 16.
Speaking to the publication, investors “confirmed” the authenticity of a circular sent to participants in TON’s Initial Coin Offering () at the start of September.
In the circular, the company said that the platform’s blockchain component was currently under development, with “70 percent” of the product already finished, the publication claims.
Once in operation, TON will also make use of its in-house, Gram, and will form a “new way of exchanging data.”
Telegram attractedearlier this year when it raised almost $1.8 billion in investments for TON and its current messenger app via .
Following the success of the fundraising, in May executivesthe planned public phase of the ICO.
At the time, Russian media alsothat authorities’ attempts to block access to Telegram altogether for the country’s residents was a result of the ICO and plans to release Gram, rather than the official explanation that the service flouted data sharing laws.
CEO Pavel Durov declined to comment when asked by Vedomosti to confirm the TON release timeframe.