We got our hands on an investor update for Telegram’s blockchain project, and can confirm Russian reports that say its 70% done

Quick Take

  • Telegram raised $1.7 billion in its ICO.
  • The TON project is 70% complete.
  • Many aspects of the TON project are more than 90% complete. 

Investors earlier this year received an update on one of the hottest projects in the cryptocurrency space — and it could mean it’s close to being finished. 

Telegram, the messaging-app operator which raised more than a billion dollars in a token sale to build out its own blockchain, released a status update on the development of TON (Telegram Open Network) in September.