What is Free TON?
Free TON is a peer-to-peer multiplican system with native token Crystal TON (TON). The platform is built on Free TON TON Protocol, which was developed by Nikolai Durov and the team Telegram.
Who and when launched the Free TON?
Free TON launched community Free TON Community, which includes more than 5,000 companies and individuals. In the number of active members of the community – a developer of applied solutions for blockchain Durov brothers company TON Labs, an investment company Dokia Capital and Bitscale Capital, the Kuna exchange, Everstake, Chorus, Bitscale Capital, Anatoly Kaplan.
The launch took place on 7 may 2020. Simultaneously with the launch of TON Labs have published on GitHub the main components of the operating system OS TON, end-to-end infrastructure to work with bloccano Free TON.
- implementation of a full node on TON Rust;
- the command-line interface;
- smart contract TON Multisignature Wallet;
- scripts and Doc containers to run validators TON.
Why we launched a Free TON?
Trigger Free TON was the failure of the team of Pavel Durov start blockchain platform TON.
In the Declaration on decentralization (DOD), which is actually a whitepaper of the project, said that the Telegram is no longer able to participate in the development of the TON because of litigation with the SEC. However, in the ecosystem TON already have millions of lines of code created by the community, and this work should not be lost, concluded the authors.
To avoid claims, the SEC, the TON Free community renamed the project and the name of the cryptocurrency. According to the signatories, the launch did not discuss with the team Telegram and investors TON. US resident to sign the Declaration is prohibited.
Durov did not forbid TON Labs to use the name of your blockchain project and position itself as a technology partner TON.
According to the Declaration, the mission of the Free TON is to promote the values of free markets, personal data protection, decentralized control, resistance to censorship and cooperation around the world.
Is Free TON TON fork?
Free TON is not a TON of fork, as the latter was not run. New blockchain based on the code Telegram Open Network that can be used by everyone.
How decentralized Free TON?
All the signers of the Declaration of decentralization agreed to provide maximum decentralization to the levels of management, software development, validation, and user interface. Mandatory conditions of decentralization in the Declaration stated:
- All the coins are distributed among a greater number of users who can participate in stacking;
- Several independent validators participate in the consensus network;
- None of the validator or the other side, technically able to participate in steninge, has more than 1/3 of all available tokens TON Crystal .
- Several teams of developers simultaneously working on the design of the Protocol, including specifications, basic software, compilers, interfaces, languages, and compilers.
What stages of development are available?
According to the Declaration, Free TON will be implemented in stages to ensure the smooth development of the Protocol with the involvement of the original developers and mass adoption.
1. At the first stage under the code name «raging bull» developers will be able to make changes to the network configuration settings, and contracts SMV will count in the manual mode. At this stage in the code implementerat bomb decentralization – timer, leading the countdown to the moment when the developers lose the ability to make changes to the configuration. Also write contracts decentralized pools (DePools) that will allow each user to participate in the management of the network, regardless of the size of the steak.
2. The second stage under the code name «Fighting fish» will start at the time of the bombs decentralization. Control of configuration parameters of the network will be fully in the hands of the validators.
3. In the third stage, codenamed «Fight club» in the network will have a lot of validators and decentralized pools, and Free TON reaches of decentralization. Voting by SVM will be automated, and contracts-givers will constantly distribute the coins among new users.
Distribution of coins TON Crystal?
Token-TON Crystal will be distributed for free, and their total emission is 5 billion
Coins from the Genesis block will be distributed between multiple contracts-the donor (Giver) – smart contracts that will not participate in stacking or voting. Their only function consists in automatic distribution of TON users. The coins will be divided as follows:
- 85% of all coins will receive contracts Referral Giver. Their task is the distribution of coins to first users and partners, who will promote Free TON among its user base. If the contract partner for more than 30% of all coins, then he cannot receive more from the Giver.
- 5% of all coins will receive Validator Giver, who will distribute them between the validators.
- 10% of all coins will receive a contract Developer Giver, which will Fund the development. Of these, 5% will get TON Labs, the developer of the operating system OS TON required to operate bloccano Free TON.
After the distribution of the tokens to be freely shared among community members. Payments to initial investors TON not provided, because the developers think TON Free TON separate project.
All decisions on the distribution of coins through contracts-givers, methods, platform management and strategy development will be taken by vote of the holders of coins through the mechanism of a simple majority, Soft Majority Voting (SMV). For example, if 10% holders will vote «for» and 0% would vote «against» the SMV will be deemed the decision approved, as expressed by all who showed interest and responsibility. If vote is all that will work the traditional principle of 50% +1.
Where and how to buy tokens TON Crystal?
It is unclear where and how to buy tokens. Trade TON is not conducted.
What are the prospects for a Free TON?
Optimists point to the fact that the Free TON is a high-tech project with the beginnings of infrastructure and development plan, and even in its current form may be of interest to users.
Pessimists believe that without integration with Telegram and the huge audience of the messenger project will be useless. They note that the network is unstable, and its support requires considerable expenses on payment of work of the team. Moreover, for node-validator needs a powerful server.
Investors Telegram may want to consider running an alternative platform, in terms of the ability to protect their interests, and to react negatively until the lawsuits to Durova, since they financed the development of the blockchain, but did not receive benefits and tokens.
Pavel Durov has expressed doubt that will ever support alternative network on the basis of the development of Telegram.