Rumors circulate about Telegram launching its own cryptocurrency

Unconfirmed info about Telegram's Blockchain platform surfaced today on Facebook
22 December 2017   1705

The popular messenger Telegram will release their own cryptocurrency, according to unconfirmed sources from Facebook. Anton Rozenberg, former employee of Telegram's publishing division Telegraph, posted a video on his Facebook page detailing the upcoming “Telegram Open Network” (TON). He hasn't disclosed the source, but the video itself is quite interesting. According to it, Telegram will utilize the blockchain network to create a cryptocurrency of their own.

Besides, Pavel Durov himself, the creator of Telegram, said in his earlier interview to Bloomberg, that his messenger is a charity for people who live under oppressive governments and that he plans to monetize it only in 2018, and even then just enough to finance the expansion, no selling out. The important bit being about plans for 2018. So, it's quite possible, in hindsight, that he was referring to TON.

The described technology will allow for fast transactions because of multi-blockchain implementation and dynamic scaling by splitting the chains in real time. Also the clients wouldn't have to download and run heavy blockchain apps, only a light wallet, which will probably be embedded into the messenger itself.

That is, actually, a big bonus for TON, because right now Telegram boasts more than 180 million users, so their virtual currency wouldn't have to go through a lengthy adoption stage – just signing up all current users will get a wider coverage, than any other emerging crypto.

Telegram's rising popularity among crypto enthusiasts can be contributed to its end-to-end “hack-proof” encryption, servers location being a secret and, on top of that, multiple refusals by Pavel Durov to release users' personal information to any government agency in the world, regardless of lawsuits and even being declared a terrorist by Iran court in absentia.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   91

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.