The Telegram Blockchain, TON, And Its Tokens, "Grams" Are Real After All by dragosroua

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· @dragosroua · (edited)
$23.18
The Telegram Blockchain, TON, And Its Tokens, "Grams" Are Real After All
The instant messaging app Telegram is almost the _de facto_ communication channel when it comes to cryptocurrencies. Almost every crypto project (apart from the compulsory bitcointalk.com thread), must have a Telegram group.

Launched and maintained by two brothers, Pavel Durov and Nikolai Durov, who were also the founders of the "Russian Facebook", or Vkontakte, Telegram literally exploded during the last two years.

In December last year, some news emerged in the crypto land about a blockchain project created by the two on top of the messaging app, and of a token called "Gram" (from Tele-gram, most likely). Although the white paper was featured even in Tech Crunch, its validity was a hot topic and it wasn't yet confirmed (or rejected, for what it matters) by any of the two brothers. 

So the new "Telegram blockchain" was a bit of a foggy topic, with some of the commenters going as far as telling that this is a scam.

Well, based on this recent [SEC filling](https://www.sec.gov/Archives/edgar/data/1729650/000095017218000030/xslFormDX01/primary_doc.xml),  it seems the Telegram blockchain is alive and kicking and it has raised no less than $850 million in investments. The SEC filling was due in order to avoid treating the tokens as securities, which required US citizens willing to invest to be actually accredited investors ($1 million funds proven or at least $200,000 revenue during the last year).

So, in layman terms, the Telegram ICO wasn't really an ICO, but mostly a round A of VC investments (with names as popular as Abramovich among its participants) and is as real as the monitor on which you read this now.

## To be honest, I really believe that a messaging app is one of the best use cases for a blockchain project and, if this takes off, it will very soon become a serious contender for Facebook duopoly of Messenger and Whatsapp.
***
_I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._
<center>
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<h2>Wanna know when you're getting paid?</h2>
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I know the feeling. That's why I created <a href="http://steem.supply" target="_new">steem.supply</a>, an easy to use and accurate tool for calculating your Steemit rewards
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<center><h2>It's free to use, but if you think this is a useful addition, I'd appreciate your <a href="https://steemit.com/~witnesses" target="_new">witness vote</a>.</h2>
<h1>Thank you!</h1>
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# Psst: new to Steemit? [Start Here](https://steemit.com/@dragosroua/the-7-fundamental-questions-about-steemit)
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šŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 6 others
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vote details (70)
@jhonsnow2 ·
Your Posts are golden.

Yeah. I think writing down might have its advantages as well as disadvantages too.

When writing, you might not really get to pit down everything in the head.
But then in a video or an audio, u can get to say everything that comes to the mind.
But currently, I do more of writing cuz I'm not all that pretty to appear on a video. Lol.

Thanks for sharing
šŸ‘  
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@tolustx ·
$0.23
I have been waiting for this. This is going to be a real game changer!
šŸ‘  ,
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@cryptosharon ·
I want it, give it to me! :D
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@alexwik ·
Thanks for this! Finally!
šŸ‘  ,
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@samueloption ·
The witness has spoken and I believe him.
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@ugetfunded ·
$0.28
I will support any blockchain project...can't agree with you more:
> To be honest, I really believe that a messaging app is one of the best use cases for a blockchian project and, if this takes off, it will very soon become a serious contender for Facebook duopoly of Messenger and Whatsapp.

More power to decentralization!
šŸ‘  , ,
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vote details (3)
@steemit.lover2 ·
$0.22
Never heard of Telegram until I came across a print screen at Twitter where it was said about XVG coin that it will go up at a certain time. So, many groups have been active there to pump and dump different coins during this recent 'fud' period. Gram coin seems like something good.
šŸ‘  
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vote details (1)
@gniksivart ·
$0.23
I don't understand why this is such a big deal? How are they going to use the token and what's the point of putting a chat service on the block chain?
šŸ‘  , ,
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@dragosroua ·
Two words: user base.
šŸ‘  
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@mysearchisover ·
Are telegram users going to get paid like steemit users get paid?
šŸ‘  
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@cryptosharon · (edited)
Telegram has hundreds of millions of users, if not a billion or more. It's the most praised messaging service around, even if it doesn't surpass Whatsapp's userbase. This cryptocurrency would be the first to be launched and to be adopted in such a massive manner. It's not Bitcoin, which started growing progressively, or Iota, which was praised but slowly adopted into what it is today.

Telegram has been maintained for years from Durov's pocket. Even though they haven't been for-profit for all these years, it has stood and grown to the solid platform it is today. Putting a cryptocurrency under its foundation would make it more like Steemit. They would be able to fund the project with this cryptocurrency and would not be eternally wasting resources.

And even more, as I said, this cryptocurrency would be automatically usable by hundreds of millions of users in one go. It's just fucking awesome. Everything about it.

Also, Telegram's servers are closed-source and centralized. If they manage to put them on the blockchain, people would trust Telegram more, since the apps are Open Source (all mobile, browser and desktop clients). It would be way more maintainable, transparent and expansible.
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@mysearchisover ·
I'm confused as well. I assume the white paper explains things but I'm scared to even look at it. lol I'm pretty new to the crypto world. Just the other day I learned we are Proof of Stake and not Proof of Work like bitcoin.
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@daily.readings ·
$0.23
You have a typo at Last paragraph
# blockchian
šŸ‘  ,
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@cryptosharon ·
It's a blockchain-based dog. (Dog in French is chien, pronounced chian)
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@josemartinpiano ·
What a great post man!!! I really enjoy reading you. Iā€™m thinking about invest in this project. Keep in touch
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@bankthecrypto ·
I think it's will be a great success as Telegram have a lot of active users that mean many users which will try to get a hold if it 
So i'm 100% the price will get higher and higher and we will see many use for this coin
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@themobilewriter ·
$0.20
I am in for anything that gives competition to whats app. I know many exists but having a competitor in the shape of blockchain might attract a lot of people.

What's app is easy and comfortable and convenient and is used by everyone. If this upcoming idea can achieve atleast half that then there will be no monopoly of facebook. Whatsapp is owned by facebook.
šŸ‘  
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vote details (1)
@rojibblack · (edited)
I had no idea about the blockchain. I have benefited a lot after your post. Thank you.
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vote details (1)
@tanzim ·
Can anyone make me clear about one thing. How can it will benefit us by putting a chat service on the block chain? Facebook and Whatsapp are already ruling the world. Will it provide any benefit to us?  (Actually I don't have enough knowledge about that) @dragosroua
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@blazing ·
i thought it was dead on the way of hype but its alive
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@geniusnabiy ·
You are so right, i see that coming to, app like telegram and even whatsapp pages were being taken over by blockchains
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@cryptosharon ·
Duuuude! I've been following this topic around since its launch but I hadn't hit upon news afterward. I kinda left it go after a little while and didn't touch it much because of the lack of information. Thank you for the update! It really excites me to know that the project is still going forward.

I believe that if everything goes well, this project will not only launch Telegram to the front of the software market, but that it will also launch cryptocurrencies into more solid ground in the eyes of economists.

Telegram has proven itself after hosting more than 100m users in October 2016. I don't know what the current number is but it must be approaching the billion if it hasn't already surpassed it. It still hasn't overcome Whatsapp in the market, but it's going there.

Many economists, as you mentioned in your previous post, still doubt that cryptocurrencies are solid and not the 21st-century tulip market. If joined with such a solid project as Telegram, just imagine the consequences. Gram would stand for as long as Telegram stands and would prove that, at least as shares tied to products, cryptocurrencies are viable long-term investments.

I wonder what use-cases it will have, since, for example, Telegram's servers are centralized and closed-source. If a messaging app can be hosted on the blockchain it would be wonderful, but speed and bandwidth are not really the strong points of blockchain.
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