Telegram stops the “GRAM” currency and the “TON” network, under pressure from the American court
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Answer Telegram stops the “GRAM” currency and the “TON” network, under pressure from the American court
announce Hours ago, Pavel Durov, the CEO of Telegram, announced the suspension of the “TON” project and the “GRAM” currency, after it was officially suspended by the US court.
We had followed on the Arab Bitcoin website the merits of the Telegram development of the project all the way until the company offered the investors to return their money or continue until there is a solution to the dispute between Telegram and the SEC.
But apparently, after two and a half years of development of the blockchain network that was called “TON” and a cryptocurrency it was working on called “GRAM”, and according to the CEO, its goal was to exchange values and ideas in an open, free and decentralized manner, and when combined with Telegram, it was able to TON is revolutionizing how people store and transfer money and information.
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Pavel stated:
Unfortunately, a US court stopped the project from happening.
How? Imagine that many people pooled their money together to build a gold mine.
Then divide the gold that comes out later, then the judge comes and says to the builders of the mine:
Many people invested in this gold mine because they were looking for profit.
And they didn’t want the gold for themselves, they wanted to sell it to other people.
Because of this, you are not allowed to give them gold.
According to Pavel, a judge used this reasoning to rule that people should not be allowed to buy or sell Grams while they can buy or sell Bitcoin.
Ironically, the US court has declared that GRAMS tokens cannot be distributed not only in the US, but globally, because, as the judge said, a US citizen may find a way to access the TON platform after its launch.
The project management decided to stop development and officially launch the project in the future through a shared publication.
It should be noted that caution is required with platforms and sites that claim to be complementary projects to Project TON and that they will distribute GRAM coins for a fee.
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Read also:
After the process of postponing the launch of the project … Telegram proposes to investors to recover their money
The developers of the Telegram network release the TON blockchain for free
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