Telegram will not return 110% of funds to ICO investors from the USA

The TON blockchain project team explained that the refund offer is not valid for US participants in the initial offering of Gram tokens. They have only one option left: to get back 72% of their investments.

Telegram explained that the proposal of the project team to return 110% of the funds to investors who agree to leave them in the TON blockchain project for another year does not apply to residents from the United States. They have only one opportunity: to return 72% of their investments, without waiting for the further development of the situation around the platform, CoinDesk writes.

The company emphasized that for non-US investors the offer remains valid. A new deadline for them is set for April 30, 2021. However, this part of the agreement has changed: now Telegram no longer allows the payment of funds in tokens of its blockchain or in any other cryptocurrency.

--

--

--

Pop culture fanatic. Hardcore coffee junkie. Food ninja. Bacon expert. Hipster-friendly introvert. Crypto expert on Taklimakan.Network.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Infographic: Cryptocurrency Terms You Should Know

Reactive Markets and Tradefeedr partner to provide crypto and FX trade analytics

Can bitcoin become money?

The Risks & Rewards Of Governments Embracing Blockchain —  Webinar, July 27th, 1pm-2pm EST

Unbanking the Banked

Tether Announces New Banking Partner, As Competitors Gain Traction

SOTA with Thao Nguyen and Tuan Le

Introducing Podz

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Anatole Strum

Anatole Strum

Pop culture fanatic. Hardcore coffee junkie. Food ninja. Bacon expert. Hipster-friendly introvert. Crypto expert on Taklimakan.Network.

More from Medium

Man and Machine | IkarisDaily #42

BFG Superstars: WeDataNation’s Ocean protocol proposal granted!

Workaround made Solana Minting NFT Candy Machine V2.

BigMetaverse — A DeFi Integrated Metaverse Ecosystem