Crypto CEO Questions Telegram Over Lack Of Development Since ICO

THELOGICALINDIAN - Longtime Bitcoin backer and CEO at BullBitcoincom Francis Pouliot is anxious about the abridgement of advance fabricated by the aggregation abaft the burning messaging appliance Telegram appear its crypto ambitions The aggregation awash tokens to investors aftermost year adopting 17 billion in the process

Telegram had answer the project, alleged the Telegram Open Network (TON) as an addendum of its messaging application. It would allegedly absorb blockchain-based book storage, web browsing, a decentralised appliance store, and payments amid users.

Where Has Telegram’s $1.7 Billion Gone?

The clandestine antecedent bread alms (ICO) hosted by Telegram was the better anytime to date. The aggregation aloft added than $1.7 billion from clandestine investors alone.

There were affairs to advertise the not-yet-created GRAM tokens to the accessible afterward the annular of clandestine sales to aerial net account investors. However, the close annulled these afterwards the antecedent sales were so successful.

Since then, there has been little from the Telegram affected about its crypto ambitions. In lieu of any development update, adept Bitcoin backer Francis Pouliot did a little digging. He acquaint his musings on the accountable to Twitter beforehand today:

Where are the 1.7 billion dollars of the Telegram ICO?
Afaik all they accept to appearance for their 1,700,000,000$ of costs is this and as far as I can acquaint cipher seems to accord a shit?
Greedy anti-Bitcoin Maximalist "blockchain/token/altcoins" professionals are the basis botheration pic.twitter.com/SQIZYVCDob
— Frλ͎ncis ☣️ (bullbitcoin.com) (@francispouliot_) August 19, 2019

Pouliet could alone acquisition a abbreviate account of files accompanying to Telegram’s about-face appear crypto. These accommodate a lite applicant for the TON Test Network and a accompanying agreement file, a “read me” of “general information, accumulation and accession instructions, a “how to” featuring instructions on creating acute contracts, and four .pdf files.

Pouliet argues that the affirmation suggests a abridgement of advance on the TON project, article he finds unacceptable accustomed the all-inclusive assets accessible to the company.

He goes as far as to state:

“Is the absolute use-case of blockchain technology the addition of mechanisms to acquit money via adumbral accessible costs schemes?”

“TON was aloof a achievement to move $1,8bln from out of Russia. I’m abiding they’re architecture something, but they don’t accept that money on duke 100%. As I mentioned. Maybe 10-15% is the activity fee for such things in Russia.”

Will the GRAM “Crypto” Even See Regulatory Approval?

“To the admeasurement acceptable by applicative law, Governmental Authorities, and technology and adaptable platforms, the Parent shall use its reasonable endeavours to facilitate the use of Tokens as the arch bill acclimated on Telegram Messenger by architecture TON Wallets into Telegram Messenger.”