Investors leave TON. What awaits the project?
A bold and ambitious project from the creator of Telegram Pavel Durov increasingly appears in the news. But in a negative way. Fresh reports indicate that as many as 10 shareholders plan to terminate their cooperation with the project. Investors want to take back the full size investment and leave the site. And before that, TON was mentioned several times, first in scandals with the US government, then in quarrels with investors. Let’s see what happens with TON and what the project is waiting for in the near future. Let’s get started.
Why do investors refuse to cooperate with TON?
The Telegram Open Network is a bold and even revolutionary project that was supposed to simplify the very concept of cryptocurrency and guarantee the convenient use of digital assets in everyday life. However, specific problems have already arisen at the stage of fundraising. Many have invested in the project, solely trusting Pavel Durov. A well-known programmer has already earned a certain baggage of trust, which he used to collect investments. But then, having studied the project in detail, investors began to ask questions. Investors are interested in the legal status of the future cryptocurrency Gram. Then this issue was put on public display, and litigation began, which does not end to this day.
This historical background was necessary for you to understand the awkward situation of investors. They invested in a reliable and breakthrough project, but in the end they were involved in lawsuits. A bad reputation is guaranteed, which is why investors began to withdraw their funds. Durov proposed either returning to shareholders 77% of the investment, or agree to postpone the launch of TON and give the project a second chance. Shareholders agreed on the latter option, but now again demand a refund.
What will Durov do?
Most likely, investors will really get the money back. In this case, the project, of course, will not close, but will be released a little later. The fact is that the internal cryptocurrency Gram was equated with a security just yesterday. This gives all shareholders the right to demand a full refund. This legislative feature is possible only for investors from the United States who have actively invested in the new platform
But worry about the fate of TON is not worth it. The project has already raised more than $ 1.7 billion, investments came from completely different companies and businessmen. American money is only part of the capital of the new platform from the creator of Telegrams, so don’t worry, TON is likely to come out. However, certain delays are possible. According to official information, the launch of the platform is planned for April this year, but due to the crisis and general quarantine, certain delays are possible. The developers are already actively working on the scenario of launching the site without American investments, and also continue token distribution. True, there are also small problems with this, since securities cannot be just handed out to investors. But the company will find a way out and solve this problem.
Recall that the TON platform will allow everyone to use the modified Telegram messenger with the ability to pay bills and other monetary transactions. Guaranteed system security, speed and complete decentralization. An interesting project will be released very soon, you just have to wait a bit.
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