Crypto

Telegram Pushes Back the TON Blockchain Launch Once Again

Telegram is one of the many technology companies venturing into the world of blockchain technology. It now appears that this launch will be postponed for another year.

Venturing into the blockchain industry is never an easy feat.

Telegram Struggles With its Blockchain

Building the technology is one thing, but ensuring it works is something else entirely.

When that project is funded by investors from all over the world, time is of the essence.

In the case of Telegram, the blockchain launch is not going according to plan.

In fact, the launch has been delayed once again.

Bringing the TON blockchain to the masses has been an ongoing struggle for obvious reasons.

Related Post

Investors will be given the option

to receive up to 72% of their contributions back if they do not want to wait any longer. 

Moreover, the company provides an option for investors to receive 110% of their investment by April 2021 through a loan option.

Both options will cause some financial backlash either way, however.

For Telegram, it will be interesting to see which of the two options has the most success.

Even so, the delay of the TON blockchain shows that this venture may have been more than the company could handle.

The future of this project still remains in question. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

BlockDAG’s $70.5M Surge, Tron Rises, Notcoin Falls

Is BlockDAG's TG Tap Miner the Newest Sensation in Crypto? SunPump Ignites Tron, Notcoin Tumbles…

4 hours ago

Toncoin and Tron Hit New Milestones as New Presale Raises $230K

Multi-Chain Trading Platform Attracts Attention, Crosses $230K As Toncoin and Tron Reaches New Milestones Despite…

1 day ago

RCO Finance (RCOF) and Avalanche (AVAX) Intensify Rivalry with Ethereum (ETH) Over Best ROI For 2024

The competition among top DeFi projects is intensifying daily as the new entrant RCOF, alongside…

1 day ago

Elon Musk Hints At Making Dogecoin A Payment Method For Tesla

Elon Musk has implied the possibility of Dogecoin (DOGE) returning as a payment method for…

3 days ago

3 Ethereum DeFi Tokens Flashing Buy Signals for September 2024

September 2024 is pivotal for Ethereum's DeFi ecosystem, with several tokens poised for significant growth.…

3 days ago

Quantum-Proofed IntelMarkets Partners with Ethereum to Grow Bigger While Toncoin Price Enters Choppy Market

With the cryptocurrency market entering the final quarter of the year, analysts are expecting altcoins…

3 days ago