September 19, 2020

Introduced Telegram Open Network (TON) Gram Wallet Terms of Service

The developers of the Telegram Open Network (TON) network have published the first version of the rules for using the wallet for Gram tokens, in which for the first time officially confirmed the participation of the Telegram messenger team in the development of the project.

Earlier, neither Telegram CEO Pavel Durov, nor any other company representative made public statements regarding the Telegram Open Network.

According to a published document, a wallet forGram token storage will be available as a standalone application and built into the Telegram messenger. Persons over 18 years of age and living in jurisdictions where it is not prohibited by law or other rules, including sanctions, will be able to use it.

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Telegram FZ-LLC, a London-based division of Telegram, acts as the wallet provider and official creator of the Android application.

As stated in the document, Telegram will not have access to or store public or private keys, recovery phrases or passwords and other user identification information.

It is also noted that the company does not control the processing and verification of transactions in the TON network.

“The transactions you transfer may not becompleted, or may be substantially delayed by the TON blockchain. We do not control the TON blockchain and do not have the ability to implement requests for cancellation or modification of transactions. Your TON transactions may be subject to a fee. We do not control the amount or type of such commissions. ”

At the same time, the company reserves the rightstop providing services to the user and close his account "at any time and for any reason." Regarding the disclaimer of Telegram, the maximum amount of losses claimed by the company cannot exceed $ 10.

Recall, last week, the developers officially confirmed the launch of the platform at the end of this month. Telegram Open Network investors have also gained access to key generation software.

Earlier on Tuesday, it became known that the first qualified custodian of Telegram tokens will be Anchorage, one of the partners in the digital currency project Facebook.