Telegram Releases Check Crypto Pockets Regardless of SEC Lawsuit

Telegram, the messaging app firm turned blockchain startup, has launched an early desktop pockets for its “gram” token.

Now customers can obtain the take a look at app for MacOS, Home windows and Linux 64 bit on Telegram’s official website and get their keys on the TON testnet. The pockets asks customers to save lots of 24 seed phrases and create a password for funds, after which the pockets is able to obtain and ship grams.

“Now you've a pockets solely you management – immediately, with out middlemen or bankers,” the app says to new customers.

Customers can even get testnet grams from a particular Telegram bot, asking it to ship from 5 to 20 tokens. A take a look at transaction took only a minute for this CoinDesk reporter, although the bot warned it may take longer at busy instances.


TON, an bold blockchain undertaking by Telegram, which raised $1.7 billion in a closed token sale final 12 months, had been beforehand scheduled to launch till October 31. In September, the staff released the code for a full node, a validator node and block explorer, signaling that the undertaking had been on its method to launch.

At first of October, the undertaking published the phrases of use for the pockets app and asked the buyers to share their public keys utilizing TON’s key generator — in line with the builders group chats teams, the identical generator is now constructed into the app.

Nonetheless, the launch was postponed after Telegram was sued by the SEC, which deemed grams to be unregistered securities and requested the courtroom to forestall Telegram from delivering tokens to buyers. Telegram subsequently obtained an approval from buyers to postpone the launch till April 31, 2020, to win extra time time to clear the scenario with the SEC.

The corporate goes to fulfill the SEC in courtroom on February 18 and 19, 2020, in New York.

Telegram app picture by way of Shutterstock

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