Telegram Shares Details About Upcoming Gram and TON Blockchain Tokens

Following rumors about Telegram's Gram tokens and the TON blockchain. The company has decided to provide some clarification. Telegram has published an official notice regarding its TON blockchain and Gram tokens. The blog post  on the company's website includes important details about what the Telegram community should expect.

Telegram has been embroiled in a legal battle with the SEC over various details about its Gram tokens. The dispute between the two parties is still quite heated and does not appear to be reaching a resolution anytime soon. In any case, Telegram decided to clarify some things while the community waits for a solution. The company says that as it prepares to launch its products, some clarification is needed. This is because although the company has not finished working out the details, the rumors have spread like wildfire. The clarifications are as follows.

None of the crypto products have been released

Unsurprisingly, there are already some websites claiming to sell Gram tokens. Crypto scams are not new in the space and some criminals are already trying to take advantage of Telegram. The company warns that in some cases, websites acknowledge that the tokens are not available and offer “token presales«.Telegram clarifies that these websites are not owned by Telegram and have no affiliation with the company.

The post adds:

“Neither Telegram nor any of its affiliates are involved in any public sale or pre-sale of Grams. On the contrary, the TON blockchain on which Grams will operate is still in a beta testing phase [and only] once the TON blockchain is launched, Grams will be created and made available for purchase.”

Plans for the future of TON Blockchain

Telegram has also announced that the plan for TON Blockchain is full decentralization. The blockchain will be maintained in its entirety by third parties, outside of Telegram's control.

Furthermore, Telegram adds that there is no guarantee that it, or any of its affiliates, will develop TON-specific products. This means that there may or may not be applications or features on the blockchain, aside from GRAM tokens. If there will be, Telegram says that the decision will be made by the “decentralized community of third-party developers.” The team explains:

“Telegram does not and cannot guarantee that anyone will adopt or implement such features or provide such services, on a particular schedule or at all.”

The post also states that neither companies nor employees will be required to hold Gram tokens.

Gram is not an investment channel

Telegram cautions that people who decide to buy Grams should make sure they don't expect any profit. The company says that the tokens are created to serve as a medium of exchange and not for profit. The notice also adds that "You must be fully aware of the risk that grams may decrease over time or even lose all monetary value."

The founders of Telegram have rejected an order from the SEC to disclose specific information. The SEC ordered the Durov brothers to allow investigators access to spending records for $ 1.7 billion, for two years. However, Nikolai and Pavel Durov have not agreed to comply.