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📱 After 8 years, Telegram is once again taking control of the development of TON, with the goal of turning it into an integrated crypto infrastructure for Telegram's massive user ecosystem.
🔥 Telegram is expected to replace the TON Foundation as the main leading entity in blockchain and become the largest validator.
😤 TON was first introduced in 2018 under the name Telegram Open Network, raising up to $1.7 billion in the token sale.
❌ However, the U.S. SEC intervened, viewing the TON token as a security, forcing Telegram to cancel the original plan, refund investors, and open-source all the code.
💡 Subsequently, the community continued to develop the project, forming the TON network as it exists today.
$TON