Back in 2018, the popular messaging app, Telegram, sought to create it’s own blockchain platform, the Telegram Open Network, or TON. With plans to launch a billion dollar token raise with an ICO, and already acquiring over $1.7 billion in funding from private investors, it was going to be one of the biggest ICOs of all time.
And then things got… well, complicated. Long story short, the ICO never happened. Instead, the founders gave the blockchain project to the community. And today, Telegram is approaching 1 billion users. The blockchain project is open source and development is moving forward.
Today we welcome Jack Booth, a co-founder of the TON Society, to the show. A non-profit organization dedicated to decentralizing The Open Network (TON) and expanding community engagement, the TON Society may become a great model for how open source and community building can work on blockchain.
We’re going to tell a TON of jokes and have a TON of fun on this how many TON Puns can you tell episode #753 of The Bad Crypto Podcast.
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