Telegram Open Network Platform to be 70% Done

This became known from the documents published by Button co-founder Mike Dudas
22 November 2018   869

Pavel Durov's blockchain project Telegram Open Network (TON) is 70% complete. This became known from the documents published in the network, dated the fifth of September. They were announced by Button co-founder Mike Dudas.

They confirm previously published information that the TON Virtual Machine (TVM) smart contract mechanism is “fully implemented and tested.” Its readiness is estimated at 95%.

It is also noted that at the completion stage there is a component for executing transaction requests in the TON network. At the same time, the software for block validation is only 10% ready.

TVM is fully implemented and internalyl tested. Minor modifications are likely to be necessary during the process of binding TVM with TON blockchain generation and validation software.
 

"TON Development Status" document

In 2018, Telegram in the course of two rounds of the closed ICO raised $ 1.7 billion to develop the project.

LINIX IEO to Last 5 Seconds

In just few seconds after the start of IEO at ProBit, investors bought out all LINIX project tokens (2,625,000 LNX) at a price of $ 0.02
18 March 2019   62

The ProBit exchange a lightning-fast initial exchange offer (IEO) of the LINIX project.

In just five seconds after the start of IEO, investors bought out all LINIX project tokens (2,625,000 LNX) at a price of $ 0.02. After that, the South Korean stock exchange announced the second stage of a tokensail, during which the organizers planned to sell 5,500,000 LNX at the same price. Cryptocurrencies Bitcoin, Ethereum, XRP, Steablcoin USDT and ProBit (PROB) exchange token are accepted.

It is noteworthy that the ICOs have been banned in South Korea since 2017. Thus, local exchanges view IEO as a kind of alternative to familiar tokensales, allowing to bypass regulatory restrictions.

Note that the most popular IEO platform today is the Binance Launchpad. Next IEO at Binance Launchpad will be Celer Network.