Telegram Set to Release ‘Test Version’ of Blockchain Platform TON ‘This Autumn’ According to Investors

  • Report in Russian media platform Vedemosti states that Telegram will release TON platform this autumn.
  • Circular reportedly sent round to investors states that the product is “70 percent” completed

According to a report by Russian media outlet Vedomosti, encrypted instant messaging service Telegram is set release a test version of its blockchain-based TON platform this autumn. Investors have confirmed to Russia media confirmed that a circular containing this information that was sent to participants in TON’s Initial Coin Offering in September was indeed authentic.

The Long Road to TON Launch

According to Russian media, the circular stated that the platform’s blockchain component is under development at the moment, with “70 percent” of the product already finished.TON will use its in-house cryptocurrency, Gram, and will create a “new way of exchanging data” as soon as it starts operating

Telegram was able to raise nearly $1.8 billion earlier this year in investments for TON and its messenger app via two private ICO presale. The planned ICO was abruptly cancelled however in May, on the back of increased regulatory spotlighting on ICOs by the SEC - which might have potentially found Telegram in violation of its ‘Reg D’ reporting requirements for security sales.

Russian media had at the time decided the authorities tried to restrict the country's residents' access to Telegram because of the ICO and plans to launch Gram, contrary to the official reasons they gave, which says the service flouted data sharing laws.

Telegram CEO Pavel Durov has so far not provided any comment on a TON release timeframe.

CryptoGlobe will update the story as the it develops.

 

Crypto-Powered Social Media Platform Voice Announces Beta

  • EOS creator Block.One announced the beta launch for their blockchain-based social media platform Voice.
  • Voice will allow users to earn Voice Tokens to further promote their content. 

Block.one, the company behind the EOSIO software, announced the beta launch date for its new social media platform Voice. 

According to an official update published Dec. 5, the beta for Voice will launch on Feb. 14, 2020. First announced in June, Voice seeks to differentiate itself from the rest of social media platforms by relying upon EOS and blockchain. 

The official update reads, 

Voice: a blockchain-powered social network that rewires the formula in users’ favor—cutting out the opaque one-sided data auctioneering, eliminating the hidden algorithms, and cycling value back into users’ hands in the form of the Voice Token.

Users earn Voice Tokens by engaging on the platform, which the post refers to as “being you, and expressing your voice.” According to the update, users cash in on Voice Tokens in order to draw greater attention to their content, thereby creating a network where “what’s good for the platform is also good for you.”

Voice claims that “tens of thousands” of users have already registered for the beta and that the creators are working with “legislators and regulators” ahead of the launch. 

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