Telegram to pay $235,000 to TON solution developers

Telegram to pay $235,000 to TON solution developers

November 16, 2019 by
Representatives of the Telegram messenger said that the prize fund of $235,000 will be distributed among 41 participants of the contest for developers of solutions for the TON project.

Sexy Chameleon, who worked on asynchronous payment channels and multisyg-purse, will receive the largest amount of the winnings – $28,750. The rest of the contestants will be paid in the range from $500 to $19,000.

Representatives of Telegram promised to implement new developments in the virtual machine and test network TON. In addition, the second stage of the contest will be announced in the coming weeks.

Earlier Telegram presented a desktop wallet for the TON test network.

Also, the New York court postponed the hearing on the case of SEC v. Telegram Group Inc. and TON Issuer Inc. to February 18-19, 2020. Until then, defendants are prohibited from distributing or selling Gram’s cryptocurrency.

The project representatives called it a “positive step” to postpone the trial with the SEC. Earlier, Telegram agreed to postpone the launch to April 30, 2020 and offered the dissenting investors to return 77% of the invested funds.

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