TON project is a decentralized application by Telegram’s team. The blockchain is planned to be integrated into the messaging app which has over 200 million users. The company raised $1.7 billion in May 2018 for TON with the claiming that transactions would be processed much faster than Bitcoin and Ethereum blockchains. Some sources even told it would be on a par with Visa.
Some sources claimed that public testing would start yesterday, September 1. Telegram has promised to launch a working blockchain network by October 31, 2019, or it will return investors money.