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TON Blockchain: Telegram Finally Confirms It’s Behind

October 9, 2019 at 5:34 AM | By Jit Sutradhar News

After raising $ 1.7 trillion last year and almost complete radio silence maintained since, messaging application Telegram is finally making public their participation in the open network Telegram (TON).

The first mention of TON and gram chips natives appeared on the official website of the telegram Tuesday morning as a Terms of Service (TOS) for applying Wallet tab. According to the team of specialists Telegram integrate messaging application portfolio company logo and offer it as a separate product.

“We have no control over the TON Blockchain network and therefore can not guarantee that any transaction details you send through the Services will be validated and confirmed in the TON Blockchain” says the document.

The portfolio is provided by the London Telegram FZ-LLC, one of the filers Telegram messaging operations and an official editor of the Telegram application based on Android.

According to the team of specialists will keep Telegram whether personal information about its users and their public and private keys:

“You are solely responsible for managing and maintaining the security of your Credentials. If you lose your Credentials, we do not have the ability to recover your Credentials or assist you in retrieving your Credentials, and you may not be able to access your Grams.”

The company also says it has no control over the processing and verification of transactions in TON. According to the ToS:

“The transactions you submit via the Services may not be completed, or may be substantially delayed by the TON Blockchain. We have no control over the TON Blockchain and do not have the ability to facilitate any cancellation or modification requests to transactions you have submitted. A fee may be imposed on your transaction by the TON Blockchain. We have no control over the amount or type of such fees.”

This is the first time publicly acknowledged Telegram link to TON. Neither the CEO of the company, Pavel Durov, or other company representatives have announced once the project or comments.

So far, only simple registration agreement for future TON tokens (SAFT) with the US Securities and Exchange Commission (SEC) – which Telegram, Pavel Durov and his brother Nikolai appears – had formally linked to the company for blockchain project.

Investors bought futures closed gram chips for two rounds in February and March 2018 at a price of 37 cents and $ 1.33 each, respectively. In early September, the code blockchain nodes tons was released and on October 2, investors received emails with links to key generator TON (so they can access their real chips). The project is scheduled to launch later than 31 October.

Telegram image via Shutterstock

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