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Telegram CEO Says TON Project Is Alive Despite Telegram Terminating TON Last Year

Pavel Durov, the co-founder and CEO of Telegram, has said that the TON project is “alive and evolving” despite Telegram terminating TON last year.

Durov said in a Telegram post:

“I’m proud that the technology we created is alive and evolving. When it comes to scalability and speed, TON is still years ahead of everything else in the blockchain realm.”

It has been reported that he noted that the project rebranded from TON to Toncoin. Unlike the original TON, the new project is independent of Telegram.

He added:

“But I wish its team the same success. Coupled with the right go-to-market strategy, they have all they need to build something epic.”

However, Durov’s remarks came amid Donate, a Telegram-verified payments service, preparing to enable donations on Telegram using the Toncoin cryptocurrency. TON announced a partnership with Donate, saying that users will soon be able to make donations and pay for their subscriptions in Toncoin.

The report said that at the same time, channel administrators will be able to collect their income in the cryptocurrency. TON is a blockchain that was created by brothers Nikolai and Pavel Durov in 2017, but the two and Telegram stepped away from the project in 2020 after a lengthy battle with the United States Securities and Exchange Commission.

Likewise, the SEC specifically won a case where it accused Telegram of violating the US securities laws by conducting its $1.7billion initial coin offering in 2018. Despite Telegram officially terminating the project more than a year ago, the idea of TON has not been abandoned, with the original open-source project giving rise to a number of independent spinoffs.

Thus, as of December 23, the TON Russian community has almost 160,000 subscribers on its official Telegram channel, while the global Toncoin community counts about 50,000 followers.

Source: Cointelegraph



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