Telegram opens lid on TON project amid SEC spat: ‘Grams won’t help you get rich’

Telegram has published details concerning TON in a bid to clarify the project while embroiled in a regulatory case with the US Securities and Exchange Commission (SEC). The encrypted messaging app service has kept the project under a relatively tight lid until now, with details of the Telegram Open Network (TON) blockchain system limited to Grams, the cryptocurrency connected to Telegram, an Initial Coin Offering (ICO) launched in January 2018 that generated funds for the project, and a planned public release that had to be delayed until April 2020 due to SEC’s complaint.

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