Telegram is launching its own cryptocurrency

Telegram запустит собственную криптовалюту

E-wallet could be launched in the fourth quarter of 2018.

The messenger Telegram plans to create their own blockchain-based platform and cryptocurrency. This is with reference to its sources according to the portal TechCrunch. According to media reports, the platform will be called Open Network Telegram (TON) and cryptocurrency will be called Gram.

For the release of cryptanalytic the company will hold ICO. Telegram intends to attract $ 500 million at the box office tokens, that is, within the ICO, the company can attract 3 billion to $ 5 billion. What the ICO is planned to be held in March this year.

It is expected that the blockchain-TON platform will protect all payments between users Telegram. It is reported that, in addition to virtual currency, users can also through your e-wallet in the Telegram to transfer conventional money.

E-wallet could be launched in the fourth quarter of 2018. It is also planned that the platform will be able to operate services from third-party developers and bots – to do this, in the second quarter of 2019 running a TON of Services.

In documents describing details of the project (the so-called white paper) States that for sale to investors will be available to 44% of the currency Gram. Another 4% will remain in the possession of the command Telegram for four years. It is noted that at least 52% of all mined cryptocurrencies will remain with the company to avoid speculation.

Recall, 27 December there was another hardwork, the result of which broke new cryptocurrency Bitcoin God.