TON Cash

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Revision as of 13:16, 12 June 2020 by wiki_crypto>Zeb.dyor (Adding categories)
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 Basics

  • Started in: 5-2020
  • Based in: Russia
  • Aka Free Ton

History

"Telegram recently delayed their open network, TON, and their cryptocurrency, GRAM, once again. There is one related project that has not experienced these setbacks, however. TON OS, an operating system for the TON blockchain, will soon get an open source release.

The project’s core infrastructure developers, TON Labs, are planning to open source the main components of the TON OS on GitHub tomorrow. Mitja Goroshevsky, CTO at TON Labs, confirmed the news to Cointelegraph on May 6."

TON Labs to issue a token known as TON Cash within a month

As reported by industry publication, ForkLog, the release includes TON Node in the Rust programming language, command line interface, TON Multi signature Wallet smart contract, as well as tools for launching TON validators. The report notes that within a month, TON Labs also plans to issue its decentralized browser, Surf, its staking pool, DePool, and the token known as TON Cash.

In conjunction with the TON OS open source release, TON Labs is joining the Free Software Foundation (FSF), a major free software movement. As such, all the components of the TON OS are being launched as a free software. According to the developers, the idea of a permissionless blockchain in a closed source is absurd. TON Labs reportedly felt that joining the FSF will help them maintain free use of the application as well as the TON blockchain."

"TON Labs, a startup that helped Telegram run the test network for the Telegram Open Network (TON), launched its own version of the blockchain Thursday, with the support of professional validators. Called Free TON, the fork comes after the group decided not to wait until Telegram is able clear the regulatory hurdles it faces before it can officially send TON live.

The initiative is supported by 13 validators and used code maintained by TON Labs. To distinguish itself from the original TON project, this forked version is named Free TON, and its tokens are called "ton crystals," not "grams," as Telegram’s were dubbed."

Token

ICO

Token allocation

Utility

Token Details

Stablecoin

Tech

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].
  • Programming language used:

Transaction Details

Consensus Algorithm

Staking

Privacy Method being used

Oracle Method being used

Their Other Projects

DEX

Governance

DAO

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

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Usage

Projects that use or built on it

Pros and Cons

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Coin Distribution

Team, investors, Partnerships, etc.

Team

  • Full team can be found [here].
  • Mitya Goroshevsky; CTO of TON Labs

Investors

Partners