Part 6 of 7
The white paper also makes clear that four percent of the supply of Grams (200 million Grams) will be reserved for Telegram’s development team with a four-year vesting period. Telegram also plans to retain “at least 52 percent” of the entire supply of the Grams cryptocurrency to protect it from speculative trading and maintain flexibility. The remaining 44 percent will be sold in both the public and private sale.
The currency will be listed on external exchanges and used inside the Telegram app.
Timing-wise, the first quarter of this year will see the launch of the Telegram External Secure ID, followed by an MVP of TON. The launch of the Telegram Wallet is slated for Q4 2018, and the creation of the TON-based economy could launch in Q1 2019. The rest of the TON Services would follow in Q2 2019.
Some in the crypto community remain skeptical of TON. “I just think this is the CEO’s way of monetizing Telegram, basically,” says Jackson Palmer, the founder of early cryptocurrency Dogecoin.