SEC: Cash-Strapped Telegram Launched 2018 Token Sale to Pay for Servers - CoinDesk
SEC released a shocking report on Telegram and Ton.
Telegram might of done a token sale as an alt to raising money and not to build a new blockchain.
If you didn't know Telegram is pretty cash strapped and funded by one man. No ads to compete with existing players. So what to do?
Telegram was looking for other ways to raise money but not to put power in other hands.
Will be interesting to see what comes next.
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