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Telegram to Delay TON (GRAM) Token Launch for Spring of 2020

Published 10/17/2019, 07:28 AM
Updated 10/17/2019, 08:41 AM
 Telegram to Delay TON (GRAM) Token Launch for Spring of 2020

Telegram may want the least complications in its upcoming hearing with the Securities and Exchange Commission. For that reason, the project sent out a message to ICO participants, stating the distribution of TON tokens would be delayed at least until April 2020. At this point, the token distribution may give the SEC more grounds to state that Telegram will distribute an unregistered security via exchanges.


“Telegram never held a public ICO and instead raised funds directly from 171 private investors, each of whom were verified as "professional clients," meaning that they have sufficient wealth to avoid the usual level of protection provided by the SEC.

Nevertheless, the government claims that the distribution of those tokens itself should be considered as a public of...

This article appeared first on Cryptovest

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