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Telegram cryptocurrency launch to take place before the end of October

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Cryptocurrency Gram from Telegram messenger will be launched within the next two months. This is reported by The New York Times with reference to the project’s investors.

According to three investors who received the relevant notification from Telegram, the first tokens will be received in the accounts by October 31. Otherwise, the company will have to return the money to investors.

Given this circumstance, Telegram is going to release cryptocurrency before the mentioned date.

The sources of the publication wished to remain anonymous, as they signed the non-disclosure document, there are no comments from Telegram.

According to the NYT, the work on the creation of Gram messenger is conducted in a secrecy environment, which can cause additional questions from regulators. In particular, the latter is concerned about the possibility of using cryptocurrencies for money laundering and drug trafficking.

It should be noted that the NYT did not give fundamental new information. Other publications have previously reported that the launch of Telegram Open Network (TON) will take place in the third quarter of 2019. As it was then claimed, the testing of the platform was successfully completed and its results confirmed the compliance of the blockchain and consensus algorithm to the stated goals in the white paper.

The closed TESTING of TON began in April. The possibilities of the blockchain platform were tested by several professional teams consisting of developers from around the world, including Russia.

Earlier in August, it was reported that a number of investors in the ICO Telegram Open Network are dissatisfied with the delay in the launch of the project and in violation of the agreement began to sell Gram tokens on the secondary market.

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