Co-founder and CEO of Telegram Pavel Durov Excited that the Telegraph Open Network (TON) technology is still evolving after this Telegram officially abandoned the project last year.

“I am proud of the dynamic and continuous development of the technology we have created. In terms of scalability and speed, TON is still ahead of everything else in the blockchain field,” Durov Say In a Telegram post on Thursday.

He pointed out that the project was renamed Toncoin from TON. Unlike the original TON, the new project is independent of Telegram. “But I want its team to achieve the same success. Coupled with the right go-to-market strategy, they have everything they need to build an epic product,” he pointed out.

When Durov made the above remarks, Donate is a payment service verified by Telegram, ready to use Toncoin cryptocurrency to donate on Telegram.

Thursday Announce Established a partnership with Donate, saying that users will soon be able to use Toncoin to make donations and pay subscription fees. At the same time, channel administrators will be able to collect their income in cryptocurrency. The subscription service announced the news on Monday.

TON is a blockchain created by brothers Nikolai and Pavel Durov in 2017, but after a long struggle with the US Securities and Exchange Commission, the two and Telegram withdrew from the project in 2020. The SEC won a case against Telegram in particular Violation of U.S. Securities Law Through an initial coin offering of US$1.7 billion in 2018.

Although Telegram officially terminated the project more than a year ago, the idea of ??TON was not abandoned, and the original open source project was born. Number of independent spin-offs.

At the time of writing, the TON Russian community have Its official Telegram channel has nearly 160,000 subscribers, and the global Toncoin community count There are approximately 50,000 followers.

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According to the latest news, the price of Toncoin has seen a significant increase, soaring by more than 23% in the past 24 hours, and is trading at $2.93 at the time of writing. data From CoinGecko. The token set a new all-time high of $4.5 on November 12. The token is listed on some of the world’s largest crypto exchanges, including OKEx, FTX, and EXMO.