\u201cWe are creating a decentralized platform for everyone. Once it launches, Telegram won\u2018t be obligated to maintain the platform or create any apps for it. It\u2019s possible we never will [\u2026] Telegram won\u2018t be able to control the blockchain and the ecosystem after it launches.\u201d<\/em><\/p>\n<\/p>\n
The third part focuses on the investment aspect which is the contentious area that has gotten the project in trouble from the SEC. according to SEC claims, Telegram wants to flood the US market with unregistered securities which of course the company denies. Telegram insists that the Gram tokens are intended as a utility token to be used within the TON blockchain. No guarantees are provided and no promises are provided either on the appreciation of value for the Gram tokens and if investors purchase the tokens, they should not expect to become rich by holding them.<\/p>\n
\u201cYou should NOT expect any profits based on your purchase or holding of Grams, and Telegram makes no promises that you will make any profits,\u201d<\/em> the statement continues. \u201cIf you buy grams at some point in the future, this won’t mean you \u2018own a piece of Telegram.\u2019 Grams don\u2018t give their holders any special rights.\u201d<\/em><\/p>\nThe statement comes a day before Telegram co-founder and CEO Pavel Durov is expected to be grilled by the SEC in court while giving his deposition on the TON blockchain. The hearing, which is scheduled for January 7th and 8th will be conducted in Dubai. Similar hearings for the company\u2019s Vice President Ilia Perekopsky and its investors’ relations manager Shyam Parekh were held last month on December 10th. Last week, the SEC requested to have access to Telegram\u2019s ICO statements from back in 2018 but Telegram denied the request stating that it had already provided all the information about the financials of the private token sale to the commission.<\/p>\n
The Monday statement, according to Telegram is intended to replace and supersede any previously released information about TON and the issuance of the Gram token. Telegram seeks to use the document to extricate itself from any previously made communications with the public and investors. This statement could be helpful given that the SEC is building its case based on this previously released public material.<\/p>\n","protected":false},"excerpt":{"rendered":"
If you think that Telegram\u2019s Grams tokens are designed to help you become rich, then you have another thing coming. That is the message from Telegram in their first official statement on the development of embattled TON blockchain and the Grams tokens.<\/p>\n","protected":false},"author":12,"featured_media":21585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,74],"tags":[5268,4843,4852],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/21582"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=21582"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/21582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/21585"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=21582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=21582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=21582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}