Home
News
- Telegram is a messaging service that uses cloud encryption for fast and quick messaging service.
- Telegram some time back posted a blog, for clarifying the issues and information surrounding related to the TON blockchain and also for its native Gram token (TON).
- Telegram is now planning to have no control over their TON blockchain, as they are representing their platform as a decentralized one.
A misconception recently cleared by telegram, regarding its $1.7 billion token sales. Telegram is a messaging service that uses cloud encryption for fast and quick messaging service.
From a few months, the telegram has been the center point for regulatory and investor’s inspection for the sale of unregistered token, worth around $ 1.7 billion.
Telegram some time back posted a blog, for clarifying the issues and information surrounding related to the TON blockchain and also for its native Gram token (TON). The published block was in the simple format of the FAQ, and this time the blog format was different as compared to the previous blogs.
In their blog post, telegram mentioned that telegram is now planning to have no control over their TON blockchain, as they are representing their platform as a decentralized one so that this thing can count as a future effort for the promotion of their platform. The platform is going to use the decentralized currency that is not at going to qualify as a security.
This thing from the telegram side can be counted in the response agreeing to the new SEC lawsuit, which was the foremost reason for halting the telegram ongoing Gram sale. Telegram also mentioned that the investors in the Gram cryptocurrency not going to any profit from holding the gram token.
Telegram said a statement “investors should not expect any profit regarding the purchase or holding of Gram token. Also, telegram makes no promises that you will make any profit regarding this holding or purchase.”
Telegram also mentioned that “the Grams are going to act as a medium for the exchange for all the participants in the TON ecosystem. No investment regarding the Gram should be considered, and there should be no expectation for the further gain or profit from any type of operation regarding the Gram like purchase, sale, and holding.”
Also, telegram makes the expectation as false regarding the integration of its TON wallet into its main telegram app, and even this can only be possible in the future if they reckon it a feasible way based on the regulatory guidance.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
