TON
Total 35 Posts
TON or Telegram Open Network is a darknet blockchain and cryptocurrency platform developed by the team of Pavel Durov. Telegram has been developing the platform since 2015, and its native cryptocurrency is called Gram. Telegram team says that the TON will be a decentralized platform for everyone, meaning that others will be able to contribute to its ecosystem.
TON Investors Demand Tens of Millions of Dollars in Compensation for Failed Blockchain Project
Disruptive Era Fund, managed by Da Vinci Capital, was one of the largest TON investors. The fund entered into agreements with Telegram to purchase tokens for $72.1 million and transferred $45.4 million to the company's accounts in 2018.
Pavel Durov Plans to Raise a $1 Billion Loan for Telegram
Last week, more than 25 million new users worldwide joined Telegram. Such growth led to a significant increase in the cost of maintaining the messenger's infrastructure. Therefore, Telegram is looking for additional funding.
Telegram Was Ordered to Pay Over $620,000 to a Startup Over the Gram Cryptocurrency Lawsuit
Telegram was suing Lantah for the right to use the Gram trademark and ticker, but at the end of August 2020, Durov's company was forced to withdraw its claim and now has to pay $620,000 in legal fees.
Telegram Has Withdrawn a Lawsuit Over the Gram Trademark
Telegram filed a lawsuit against a Florida-based startup in May 2018, which also intended to create its own cryptocurrency called Gram. But after Pavel Durov announced the TON project's closure, it was decided to withdraw the lawsuit against Lantah LLC.
Rumors: Telegram Is Sold to Mail.ru
The amount of Telegram’s debt to TON investors is critical, and Telegram does not have its own capital, that's why there are rumors that Telegram is getting ready to be sold to Mail.ru.
Telegram and SEC Concluded a Settlement Agreement. Durov Will Pay a Fine of $18.5 Million and Return $1.22 Billion to TON Investors
On June 25, it became known that Telegram and the SEC entered into an agreement of lawsuit, under which Durov’s team would pay a fine of $18.5 million, and would also be obliged to return $1.22 billion to investors.
The TON Blockchain Platform Development Team Stops Participating in the Project
TON development team stops its active participation in the project for the reasons we wrote about earlier. The efforts of the team were redirected to other projects.
