Toncoin: The future of currency
Telegram Open Network testnet2 is launched. 5b coins are minted, with a small fraction (1.45%) distributed to developers and testers.
After the SEC prohibited Telegram from issuing Grams to investors, Telegram ceased its work on the TON ecosystem. testnet2 tokens are placed into 20 Proof of Work Giver smart contracts.
By majority vote of network participants, testnet2 was promoted to mainnet. Coins continue to be distributed by Proof of Work Giver contracts.
After the initial distribution of coins, TON enters a new stage, increasing the number of validators and coins involved in validation, which leads to strengthening the stability and security of the network.