Telegram will not distribute Gram tokens on time due to a US court ban.Pavel Durov suggestedinvestors will either receive 72% of the funds now, or 110% until April 30, 2021. This is stated in a letter to investors, which is at the disposal of ForkLog.
</p>Those investors who endorse Telegram will receive Gram or a "potential other cryptocurrency" under the original agreement, adjusted for any possible regulatory restrictions, until April 30, 2021.
If the Durov team fails to win the lawsuit, the founders of Telegram will sell part of the share in the messenger and settle accounts with investors.
The letter emphasizes that customTelegram's base is 400 million people, and 1.5 million accounts are registered daily in the messenger. This is the most popular social media app in India, Turkey, Indonesia, Russia, Egypt and Brazil.
The cost of Telegram will exceed potential debt at least several times, the company emphasized.
Read this:
Introduced Telegram Open Network (TON) Gram Wallet Terms of Service
Telegram invited investors to wait for the launch of TON until May
Leading PoS Validators Will Launch Telegram Open Network If Durov Doesn't
Pavel Durov liquidated two Telegram-related companies
Telegram Open Network Community Can Launch Network Without Telegram
Pavel Durov will give testimony of the SEC about the cryptocurrency Telegram