Telegram Introduces Ad Revenue Sharing Plan, TON Token Price Surges
Following the announcement, the TON token, native to The Open Network blockchain, experienced a dramatic surge in value.
Following the announcement, the TON token, native to The Open Network blockchain, experienced a dramatic surge in value.
As Telegram is at loggerheads with the U.S. SEC, it has delayed the launch of its new network for the second time. Now it will pay U.S. investors 72% of their inputs, while non-U.S. investors may wait for a year and receive either Grams or 110%.
TON OS that is expected to launch in the nearest future will not serve as an alternative to the existing operating systems. Instead, it will be an add-in for devices to support apps based on blockchain.
The SEC findings show that the Durov brothers were selling the Telegram’s GRAM tokens five months after the initial offer took place. And that’s bad.
Telegram founder Pavel Durov along with the company’s vice president and one more employee will give testimonies beginning on the SEC case.
Telegram asked the New York Southern District Court to dismiss accusations by the SEC that its GRAM token is a security.
At the beginning of 2018, Telegram had 200 million users, which means that the popularity of the messenger has incredibly increased.
The court’s hearing on the case of the status of Telegram’s token Gram has been postponed to February 2020.
Telegram files a counter-argument in the US courts saying that its token Grams is not a security.
According to the current reports, Telegram is seriously considering the temporary abandonment of its plans to issue Gram tokens due to problems with the SEC.