Messenger app Telegram has released a long-awaited update on the future of its TON blockchain[3] and its native Gram tokens, clarifying certain aspects of the project as it remains embroiled in a lawsuit by the US Securities and Exchange Commission as to whether two ICOs conducted in 2018 should have been registered with the commission.
Telegram messenger is an immensely popular platform in the world of crypto, central to the discourse on the topic, and has been working on developing its own blockchain since 2017. Multiple rumors have been spreading regarding the project, and while Telegram has remained very tightlipped due to that pending SEC suit, the company issued a public notice on January 6 to address these rumors.
Grams are Not Available for Sale Yet
The first such misconception addressed by Telegram is that Grams, the native token to the TON blockchain, are not for sale and technically do not even exist yet, despite several websites claiming they are official Gram resellers. Telegram has noted that it is not affiliated with any of these vendors and states that the TON blockchain remains in beta testing. In August, it was reported that a secondary market for Gram tokens[4] had sprung up and was seeing returns in excess of 400%, despite Telegram claiming that any resold tokens would be canceled.
TON Blockchain Will Be Decentralised
Telegram has said that it will likely never develop any applications or features for the TON blockchain itself. “Rather, it is Telegram’s goal and hope that the decentralized community of third-party developers and others will contribute to the TON ecosystem through the development of applications and smart contracts,” read Monday’s statement. The messenger service went on to add
