‘Unique Phenomenon’: All 5B Toncoins Mined On PoS TON Blockchain

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The top of toncoin mining marks a significant milestone in TON's distribution, starting its new period as an entirely PoS blockchain. From now on, new toncoins will solely enter circulation by way of PoS validation, the TON Basis said. That will result in a lower in the entire inflow of latest toncoins into the community by around 75% to the present limit of 200,000 tokens per day.

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Nevertheless in October 2019, only a few days forward of the discharge date, the SEC stepped in with a lawsuit that accused Telegram of violating U.S. securities regulation by holding an unregistered safety sale. As a result of the SEC had managed to get a brief restraining order against Telegram and TON, the undertaking release was put on hold. In March, a U.S. court docket acknowledged that the SEC had "shown a substantial probability of success" in proving that Telegram’s Grams have been unregistered securities.

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