Telegram finally acknowledged its involvement in the Telegram Open Network (TON) and Gram. In Telegram’s terms of service on its official website, Telegram mentions the govern of use of the Grams Wallet as well as its involvement with the TON blockchain network.
The terms of service mentions:
“We have no control over the TON Blockchain network and, therefore, cannot ensure that any transaction details that you submit via the Services will be validated and confirmed on the TON Blockchain.”
Telegram stated under ‘use of services’ that it will not keep either personal information of its users nor their public and private keys:
“You are solely responsible for managing and maintaining the security of your Credentials. If you lose your Credentials, we do not have the ability to recover your Credentials or assist you in retrieving your Credentials, and you may not be able to access your Grams. Please note that we do not collect any personal information about you through your use of the Services.”
Although the messaging app has raised $1.7 billion in 2018 to develop the TON blockchain and its associated Gram token, this is the first time Telegram has publicly announced its involvement in TON. The company’s CEO, Pavel Durov, and other company representatives have never announced the project previously.
Earlier this month, Telegram informed investors that the blockchain network would launch in late October, adding that the testing state has been successful.
By Sarah Tran, Blockchain News