Founder and CEO of Telegram : Pavel Durov
The team of Durov has told the investors that TON is 90% ready, according to a special report from the Russian business media outlet The Bell, but that delays are possible due to the "innovative character of development. "
As previously reported, details have suggested that TON will function like a "new way to exchange data "and will be powered by the native cryptocurrency of the platform, known as "Gram. "
As reported in May, 2018, the staggering success of Telegram’s pre-sales prompted the company to subsequently decide to cancel a public ICO that had been slated for later in 2018.
After the news that TON was "70% ready "last October, the Iranian Government increased its messaging app restrictions, stating that any cooperation with the app to launch its Gram Token would constitute an act against national security and would disturb the national economy. Since April 2018, Iran has imposed spate prohibitions on Telegram.
Since April 2018, the app has also been blocked noticeably in Russia, the home of Durov, because Durov refuses to share its encryption keys with local authorities, in compliance with local telecommunications law. The data show that about 10 million users of Telegram are based in Russia at the time of the Block.
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