Telegram postpones the launch of its TON blockchain in 2021

Forced by the American justice to stop the emission of its Gram cryptocurrency, Telegram postpones the launch of YOUR one year. Messaging is however trying to retain its investors, notably promising them shares to replace the tokens.

At the end of March, American justice, at the request of the SEC, has for the second time made barring the emission of the Gram token. For the regulator, Telegram ICO was illegal with regard to the legislation.

The company only announced its decision this week to postpone the production of its TON blockchain again. This must accompany the issuance of its cryptocurrency. The output is now scheduled for April 2021.

Loyal investors will receive 110% of their investment

This new delay is at first glance very bad news for investors. The latter contributed, through ICOs, to the tune of $ 1.7 billion. As it had committed to in October 2019, Telegram however offers them to recover 72% of their investment.

It is an option, but not the only one. Since March 29, the company founded by Pavel Durov, offers these investors an alternative. In a letter, Telegram offers them new financial conditions.

As a token of gratitude for your trust in TON, we also offer you an alternative option to receive 110% of your initial investment by April 30, 2021, 53% more than the termination amount, ”it says.

Concretely, the buyers of Gram can forgo reclaiming their 72% share and loan this amount to the publisher. This loan will thus give the right to interest. On April 30, 2021, investors opting for this option may claim 110% of their initial investment.

Repayment in tokens or capital of Telegram

But in what form will they then be able to recover their initial bet? On this point too, several scenarios are envisaged. Investors will receive "grams or possibly another cryptocurrency on that date under the same conditions as those of their initial purchase contract. "

However, Telegram is aware that the justice system and the SEC could defeat this project. In this event, the company agrees to repay its debt with its own funds. With 400 million active users every month, the publisher is confident.

In his letter, he estimated that his “equity value will exceed at least several times the total amount of his potential debt resulting from this offer. In this scenario, investors would inherit a share of the capital from a very popular application worldwide.