Telegram CEO Pavel Durov is proud that the TON venture is “alive and evolving” regardless of Telegram terminating TON final 12 months.
Telegram co-founder and CEO Pavel Durov has expressed pleasure in regards to the Telegram Open Community (TON) know-how nonetheless growing after Telegram officially abandoned the project final 12 months.
“I’m proud that the know-how we created is alive and evolving. On the subject of scalability and pace, TON remains to be years forward of all the pieces else within the blockchain realm,” Durov said in a Telegram publish on Thursday.
He famous that the venture rebranded from TON to Toncoin. Not like the unique TON, the brand new venture is unbiased of Telegram. “However I want its staff the identical success. Coupled with the proper go-to-market technique, they’ve all they should construct one thing epic,” he famous.
Durov’s remarks got here amid Donate, a Telegram-verified funds service, making ready to allow donations on Telegram utilizing the Toncoin cryptocurrency.
TON on Thursday announced a partnership with Donate, saying that customers will quickly have the ability to make donations and pay for his or her subscriptions in Toncoin. On the similar time, channel directors will have the ability to acquire their revenue within the cryptocurrency. The Subscriptions service beforehand introduced the information on Monday.
TON is a blockchain that was created by brothers Nikolai and Pavel Durov in 2017, however the two and Telegram stepped away from the venture in 2020 after a prolonged battle with the USA Securities and Change Fee. The SEC particularly gained a case the place it accused Telegram of violating the U.S. securities laws by conducting its $1.7billion preliminary coin providing in 2018.
Regardless of Telegram formally terminating the venture greater than a 12 months in the past, the thought of TON has not been deserted, with the unique open-source venture giving rise to a number of independent spinoffs.
Amid the newest information, Toncoin’s value has seen notable progress, surging over 23% over the previous 24 hours and buying and selling at $2.93 on the time of writing, based on data from CoinGecko. The token’s all-time excessive was $4.5 recorded on Nov. 12. The token is listed on among the world’s largest crypto exchanges, together with OKEx, FTX and EXMO.