Telegram Likely to Launch TON Network by Q3 2019

Messaging app Telegram, which floated the biggest ICO of 2018, may launch its Telegram Open Network (TON) by Q3 2019. According to The Block, an internal memo sent to investors revealed that TON is expected to launch later this year.

The TON network is expected to host decentralised apps (dapps), similar to to the Ethereum network. Telegram has already raised close to $1.7 billion in two private sales of its Gram tokens last year.

The company was founded by Nikolai and Pavel Durov in 2013. The platform, which has over 200 million users, is extremely popular among crypto projects which use it for community engagement purposes.

(Image Credit: Wikimedia)

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