The story of The TON (The Open Network) cryptocurrency is a dramatic saga full of ups, downs and an undaunted struggle. Inspired by the power of the Telegram messenger, this coin claimed to be one of the most ambitious blockchain projects.
However, her path was overshadowed by tough regulatory battles and difficult decisions, which we will discuss together in this article.
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The beginning: great ambitions
The history of the TON blockchain creation
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The idea of TON originated in the depths of the Telegram company created by Pavel and Nikolai Durov. The goal was simple but ambitious.:
- Create a decentralized blockchain platform with instant transactions, low fees and a high level of security.
- The basis of the ecosystem was the Gram cryptocurrency, which was supposed to integrate with Telegram, providing millions of users with convenient access to blockchain technologies.
The ICO of the project in 2018 became one of the largest in history, attracting about $1.7 billion from investors around the world. This has strengthened TON's reputation as one of the most promising blockchain projects.
The fight against the USA
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However, the success attracted the attention of the U.S. Securities and Exchange Commission (SEC). The regulator stated that the sale of Gram tokens violates US securities laws.
- The main claim was that the tokens, according to the SEC, were investment contracts and had to be registered.
Telegram disagreed with this statement and entered into a legal battle, arguing that Gram is a currency, not securities.
The legal proceedings lasted more than a year, but in the end, Telegram lost the case in 2020. The company has pledged to return $1.2 billion to investors and pay a fine of $18.5 million. This was a huge blow to the project.
Telegram is out of development
Under pressure from regulators, Telegram announced the termination of work on TON.
- Pavel Durov explained this decision in his post, acknowledging that the fight against the American judicial system proved to be an impossible task.
- However, as a true decentralized project, TON has not disappeared. Its development was continued by independent enthusiasts and programmers called The Open Network.
Today, TON is living its life, attracting attention thanks to technological innovations, powerful infrastructure and a community that believes in the potential of the platform.
How is the TON coin related to Fragment?
Belonging of the TON coin to the Fragment
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TON is a decentralized blockchain network, originally created by Telegram, but later became independent and managed by the community. The main cryptocurrency of the network is TONcoin, which is used for conducting transactions, paying commissions and using decentralized applications.
Fragment is a platform designed to work with digital assets, including Telegram's unique user names and other tokenized resources.
- Fragment actively uses TONcoin as a means of payment in its services, which strengthens the link between the platform and the TON ecosystem.
- However, it is important to understand that TONcoin does not belong to Fragment. TON remains an independent cryptocurrency, and Fragment is one of the many platforms built on TON.
Thus, the TON coin is part of the ecosystem, and not the property of Fragment. This collaboration highlights TON's potential for integration into the real world, encouraging its use in innovative projects.
Advantages of TON: low fees and high potential
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Some of the key characteristics of TON are:
- Incredibly low transaction fees. This makes the platform ideal for micropayments, which is important in the context of the growing popularity of cryptocurrencies in e-commerce.
- TON has huge potential due to its connection with Telegram.
A messenger with billions of users can be a powerful driver for mass adoption of the technology. The integration of cryptocurrencies with Telegram opens up opportunities for the creation of new financial instruments such as payment systems and smart contracts.
Conclusion
Risks and challenges
Despite all the advantages, investors and users should consider the risks associated with TON:
- Competition with other blockchain platforms, possible regulatory challenges in the future, and the need to build trust after litigation.
In addition, despite the independent development, the lack of direct support from Telegram may slow down the implementation of ambitious plans.
The TON Way is a story about a dream that collided with reality, but was not broken by it.
Despite the difficulties, the project continues to evolve, offering unique solutions and maintaining the potential to become one of the key platforms in the blockchain world.:
- Active development of the TON ecosystem
- The stability of the coin during the crisis in the cryptocurrency market
- Low fees
- Technical innovations and integration with Telegram make TON attractive to both investors and users.
While some see risks in this project, others see opportunities. Only time will tell what the future path of TON will be, but even now it remains a shining example of resilience and innovation in the world of cryptocurrencies.