Telegram announced the postponement of the deadlineTON network launch on April 30, 2020 due to a ban on the sale of Gram tokens in the United States. Investors can agree to changes to the purchase agreement or return 77% of the invested funds.
The company’s email says what isthe decision was made after a meeting with officials of the US Securities and Exchange Commission. In order to resolve all issues with the Telegram regulator, additional time is required before the cryptocurrency network is launched. However, the term may be extended only with the consent of the majority investors.
In addition, each of the groups of investors,participating in the first or second rounds of a closed ICO, will make a decision separately, therefore, the opposite results of voting are not excluded. In this case, on the day of launch, a smaller amount of Gram will be put into circulation.
Investors must agree to the changes until October 23, in case of refusal, they will be able to get back about 77% of their contribution.