After raising $250 million from a host of mainstream entities such as Huobi, Kucoin and MEXC, TON’s recent global adoption seems to be rapidly increasing.
It was 2018 when privacy-focused messaging platform Telegram announced that it was in the process of building a blockchain-based decentralized computer network technology called The Open Network (TON). However, following a lengthy litigation battle that lasted until May 2020 with the United States Securities and Exchange Commission over its $1.7 billion initial coin offering (ICO), Telegram had to sever its ties with the project, leading many to believe that TON was done for.That said, far from everyone’s expectations, the TON project seems to have found a new lease on life and is thriving. For starters, the TON Foundation recently revealed that it was choosing TONcoin as its official ecosystem fund, securing an initial collective commitment of approximately $250 mil
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