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Telegram (TON) - Due diligence #73

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icochecker opened this Issue Feb 26, 2018 · 7 comments

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@icochecker
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icochecker commented Feb 26, 2018

Telegram (TON)

Founders

Developers

  • Aliaksei Levin | Github: Telegram Database library
  • Arseny Smirnov | Github: Telegram Database library | Linkedin
  • John Preston | Github: Telegram Desktop messaging app | Telegram
  • Dr Klo | Github: Telegram messenger for Android

Funding Rounds | $1.7B in 2 rounds

telegram-formd

Private Presale | $850M | March 29, 2018

Federal Exemption and Exclusion Claimed:

Rule 506(c)

Purchasers of securities offered pursuant to Rule 506 receive "restricted" securities, meaning that the securities cannot be sold for at least six months or a year without registering them.

Type of Securities Offered:

Purchase Agreements for Cryptocurrency

Minimum investment accepted from any outside investor: $1,000,000 USD

Total number of investors who already have invested in the offering: 94

Use of Proceeds:

The issuers intend to use the proceeds for the development of the TON Blockchain, the development and maintenance of Telegram Messenger and the other purposes described in the offering materials.

Source: SEC Form D - 29 Mar 2018

Private Presale | $850M | February 13, 2018

Federal Exemption and Exclusion Claimed:

Rule 506(c)

Purchasers of securities offered pursuant to Rule 506 receive "restricted" securities, meaning that the securities cannot be sold for at least six months or a year without registering them.

Type of Securities Offered:

Purchase Agreements for Cryptocurrency

Minimum investment accepted from any outside investor: $0 USD

Total number of investors who already have invested in the offering: 81

Use of Proceeds:

The issuers intend to use the proceeds for the development of the TON Blockchain, the development and maintenance of Telegram Messenger and the other purposes described in the offering materials.

Source: SEC Form D - 13 Feb 2018

Company

Telegram Group Inc.

Registered Address::
Craigmuir Chambers
Road Town, Tortola,
VG1110 British Virgin Islands

Registered on:
Registration No:

TON Issuer Inc

Registered Address::
Craigmuir Chambers
Road Town, Tortola,
VG1110 British Virgin Islands

Registered on:
Registration No:

Smart contract

N/A

Github

Product

Vesting

N/A

Additional info

Token distribution

N/A

Token allocation

N/A

Flags

Real Team:
GitHub:
Smart Contract: -
Working Product: -
+2 yr Vesting for team: -
Have a company:
Transparent: -

IcoCheck

@AriuzSS

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AriuzSS commented Feb 26, 2018

Just read today some negative news about this project. But i don't see why even Pavel Durov need to scam this project. It is working product. He probably have some ideas where they can improve telegram and make it profitable

@larin92

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larin92 commented Mar 1, 2018

I’ve heard it’s a scam. No mentions on official telegram website. And official twitter. And Durov’s twitter.

@icochecker

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Collaborator

icochecker commented Mar 2, 2018

@larin92 Not a scam. See SEC filing.

@icochecker icochecker removed the Future ICO label Mar 7, 2018

@BlockchainInvestment

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BlockchainInvestment commented Apr 1, 2018

https://steemit.com/scam/@perry.jung/telegram-ico-you-re-invited-to-the-greatest-scam-ico-of-all-time

Telegram ICO is totally Scam. Look at this analysis. Welcome for reply.

@icochecker

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Collaborator

icochecker commented Apr 1, 2018

@BlockchainInvestment

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BlockchainInvestment commented Apr 1, 2018

You can see at SEC filing, those filing has not been reviewed by SEC. It's voluntary filing. No body confirmed it yet. I am quite sure SEC filing is one part of scam scheme.

@BlockchainInvestment

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BlockchainInvestment commented Apr 1, 2018

So simple, Pavel Durov denied, all rumored investors also denied. Only media cover this as historical ICO.

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