TRON to Acquire BitTorrent

BitTorrent will continue to operate from the new TRON office in San Francisco
24 July 2018   2051

The company-developer of the BitTorrent protocol officially confirmed its purchase by the TRON.

It's official. BitTorrent is now part of #TRON. We pioneered the world's largest decentralized p2p protocol, now we're joining forces with TRON to build the future of the decentralized internet.
 

BitTorrent Inc. Twitter

The company will continue to operate from the new TRON office in San Francisco, from where the platform is now expanding into global markets.

With this acquisition, BitTorrent will continue to provide high quality services for over 100M users around the world. We believe that joining the TRON network will further enhance BitTorrent and accelerate our mission of creating an Internet of options, not rules.
 

BitTorrent Inc. Blog

The first reports that BitTorrent is in the process of sale to the founder of TRON Justin San, appeared in May. Both sides, until recently, haven't provided any comments. 

It was reported that Justin San initiated negotiations with BitTorrent back in September 2017, signing an agreement on intentions to buy in January. The deal was suspended, due to the fact that BitTorrent, contrary to the agreement, began negotiations with other potential buyers

TON Launch to be Postponed to 30.04.2020

Investors, that are not happy with this fact, may receive 77% of their investments
17 October 2019   82

Telegram is ready to postpone the launch of the Telegram Open Network (TON) blockchain platform and suspend all operations with the Gram digital currency. At the same time, the company intends to challenge the lawsuit of the US Securities and Exchange Commission (SEC). The lawyers of Telegram notified the court of the Southern District of New York.

We had intended to launch the TON network in late October. However, the recent SEC lawsuit has made that timing unachievable. We disagree with the SEC’s legal position and intend to vigorously defend the lawsuit. We are proposing to extend the deadline date in order to provide additional time to resolve the SEC’s lawsuit and work with other governmental authorities in advance of the launch of the TON network.
 

TON Team

At the same time, CoinDesk reports that the project investors received a letter with information about the proposed transfer of the TON launch from late October to April 30 next year.

At the same time, the company must approve the decision on the transfer with investors. Each of the groups of investors who bought Gram tokens during two rounds of ICO will have to approve it separately.

Investors of the second round are invited to fill out the appropriate form before October 23. If the majority refuses to sign, they will be returned “about 77%” of the investment. It is reported that investors of the first round received a separate letter.

In the event that the majority still approves the launch transfer, Telegram plans to send another $ 80 million for the development of TON.