The long-awaited Telegram Open Network (TON) launch is on track to be launched in late October, the company informed TON investors on 2 October.

According to a message posted on the official TON Board on Telegram, the launch of the network follows a successful testing stage.

Investors were also advised that, in order to receive the Gram (GRM) tokens they bought, they need to provide Telegram with their public keys, using the key generator.

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Blockchain Daily
Blockchain Daily
Blockchain Daily
Blockchain Daily

The message also said that Telegram will not be running the network, and that:

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

In September, Telegram released the TON test network, and also made the code needed to run a TON node publicly available.

It is also expected that decentralized applications (DApps) built for Ethereum will work on TON.

As previously reported, TON Labs, a software startup managed by investors in Telegram’s token sale, has been working on a Solidity compiler for the TON blockchain.

The compiler is only one of the tools that TON Labs is building in order to improve the TON ecosystem, and even though it was not said if any changes would be needed to the Solidity code of a DApp so it can run on the TON blockchain, the compiler has been in testing since July.

A competition to build smart contracts for the TON blockchain was announced last week. The rewards ranged from $200,000 to $400,000, with the competition consisting of three parts.

First was to build one or more smart contracts using the tools provided, second is to suggest improvements to the TON Virtual Machine and FunC, and third was a bug bounty contest.

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