Telegram's blockchain network is on track to launch in late October

The Telegram Open Network (TON) core team informed investors via email that the long-anticipated TON blockchain is on track for its planned launch later this month. In addition, the email, authenticated by Mitja Goroshevsky, CTO of TON Labs, and CoinDesk, clarifies how investors can claim their purchased Grams tokens and provides a link to the source code for TON, which is now publicly available. The message also sheds some light on TON's governance model, stating:

“Investors have to select validators. Neither Telegram nor the TON Foundation will serve as validators post-launch.”

If met, TON would arrive about 19 months after the project raised $1.7 billion in March 2018.