Bitcoin Forum

Telegram sold $1.7 billion of SAFTs on GRAM tokens to large corporate investors in early 2018 — options on future tokens, to be issued when the Telegram Open Network (TON) is up and running. That’s $1.7 billion of actual US dollars, by the way, not cryptos.

Telegram promised various technical nonsense in the white papers — but the important bit is the sales agreement for the SAFT.

I didn't read the Telegram's whitepaper but I believe they offer a really enticing project that they collected $1.7B.

I really don't see anyone complaining about them being scam. If I am one of those investors I would have demanded a refund, its not just this TON that did this silent mode after the ICO, there were more like the Filecoin which were forgotten after it. 

I don't agree with you. TON is not a scam, they are doing things in behind the scene. The Bitfinxe LEO did the same sale, thewy raised billion dollars in private sale and now they launched on exchanges, I think Telegram TON will do the same or there will be an update about this regards. Don't go to the end very soon.

There were no updates about on such development after the sale but if theres something or activity behind the scene then that's good to know but the question is,
on where we do find these possible informations? We cant make conclusions yet but with that kind of support funding they should at least make it worthy for its investors.

It is very shady of them to claim they working behind the scenes when they are making token sales in the public. It is important to keep the whole public in the  loop.

That's the point yet we aren't seeing anything either updates nor progress about their works.Lets see on what would happen if investors wont able to see on the results into the project that they had supported but I don't really worried too much yet we know telegram is a good platform.

If i remember correctly Telegram collected these amount through a private sale and if they are not able to come up with the project before October 31, 2019 then the investors will have the rights to ask for a return for their investment. Not sure how the project will go but glad to see that they will refund the investor funds if they are not successful as we have not seen anything like that in the past. I am not sure how you can compare that with Libra as they are not planning any ICO as far as i know.

I hope this project can live up on its hype and not disappoint the community's expectations! because I could not imagine how will crypto could be well utilized and adopted on a messaging app with minimal interface especially when used on mobile devices which could spell out complexity and not simplicity. Though it enjoy a huge number of users, I would rather see a crypto in the Facebook platform which is very much user friendly and has a rich user interface than  Telegram itself.

Are you sure that Telegram coin is a scam and then Libra is also? What proves do you have to accuse them as scammers? You must have more and more proves, not only based on that story. So far, what written in the whitepaper may be still developing and we cannot blame it. Better for you to clarify this thing to the team on their community channel.

We can try to create a comparison between how much the funds needed to create a telegram as a working product compared with TON. That's bullshit to see how much money already grabbed by the team. KIK is nothing right now but OP was true about that. it's not clear about where ton will be brought by the team.

I wouldn't call them a scam, I don't like Libra but it was just announced but never launched. With Telegram, it had its 2nd ICO and still nothing new like the result of its first ICO. It became successful and after that, I don't know what happened next. The first one, no updates made but the 2nd one, wait for their update but I hope that by this time investors shall get what they deserve.

Telegram collected a huge amount from private investors. It's been over a year and neither have they had any development on TON nor have they listed their token on an exchange. Unlike other ICOs, it doesn't have a problem of low funding. Investors readily jumped into it as they were tired of scams and telegram was a big and successful name.