TON Token

The Telegram Open Network (TON) is a fast, secure and scalable blockchain

and network project, capable of handling millions of transactions per second

if necessary, and both user-friendly and service provider-friendly. We aim

for it to be able to host all reasonable applications currently proposed and

conceived. One might think about TON as a huge distributed supercomputer, or rather a huge “superserver”, intended to host and provide a variety

of services.

This text is not intended to be the ultimate reference with respect to

all implementation details. Some particulars are likely to change during the

development and testing phases.

TON Blockchain

We start with a description of the Telegram Open Network (TON) Blockchain,

the core component of the project. Our approach here is “top-down”: we give

a general description of the whole first, and then provide more detail on each

component.

For simplicity, we speak here about the TON Blockchain, even though

in principle several instances of this blockchain protocol may be running

independently (for example, as a result of hard forks). We consider only one

of them.

Whose blockchain it is

Because the Telegram Open Network was open source from the beginning, anyone could implement their own blockchain based on TON. Several groups of developers got involved after Durov abandoned the project. Two large communities formed: Free TON includes former investors in Durov's TON, The Open Network includes former participants in Telegram's cryptocurrencies. Subsequently, there was a conflict between them for the right to own the trademark TON.

How things developed: in June 2021, The Open Network asked Durov to give them the original repository with the code on Github and the TON domain address, writing a public appeal. In the letter, they stressed that they were developing exactly the original testnet2 network launched by Telegram before the SEC ban. They went on to release an app for their wallet on the Google Play platform. Meanwhile, Free TON (aka TON Labs) managed to get their trademark rights for TON registered with the European Commission and filed a complaint with Google about the use of the name TON in the name of the wallet.

At the same time, the trademark assignment was illegal, because back when they were working together on the blockchain, Durov signed an agreement with TON Labs that they could use the TON name in their products, but that they would not register the rights to it. Having violated the agreement, Free TON began to crack down on all competitors using the TON name (including complaints filed against our website). In response to attempts to cut the wallet from the stor, The Open Network again appealed to Durov, because under the law the TON trademark was still managed by Telegram.

Pavel threatened Free TON with legal action. They stopped their attacks and announced a little later that they had decided not to use TON in their naming convention. In August 2021, Durov handed over his entire legacy to the developers of The Open Network.

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The native cryptocurrency of the Free TON blockchain is called TON Crystal. The total issuance of tokens will be 5 billion, with all tokens initially to be distributed on non-financial terms, as conceived by the project community.

Tokens from the genesis block are distributed among several smart contracts, which will not participate in staking or voting. All TON Crystal tokens are planned to be distributed as follows:

85% will get a Referral Giver smart contract to distribute to first-time users, project promoters, and other network members whose contributions are related to the development of the community around the project.

5% will receive a Validator Giver smart contract to distribute among the validators of the network.

10% will get the Developer Giver smart contract to attract professional developers to work on the project, who will build applications on top of the Free TON blockchain, among other things.

After the distribution is complete, all TON Crystal tokens will be distributed freely.

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