The 2013 launch of Telegram is a messaging service focusing on privacy and encryption. Although it had raised about $1.7 billion in Initial Coin Offerings from 2018 to 2019, the SEC issued an injunction against it in 2019. The company is not making money yet. While trying to maintain growth, Telegram wants to keep the app 100% free.
Telegram founding story
In reality, Nikolai and Pavel Durov didn’t have it easy as entrepreneurs. The brothers were forced to sell their company and leave Russia after launching a successful startup in Russia (their country of origin) a few years ago. Pavel Durov heard about the idea of a social network in the early 2000s, just as Facebook was becoming popular. was inspired and he. Together with his brother, they started VK (formerly VKontakte) in 2006. Russia and Europe became wildly popular with the social media app. However, when the company’s price rose to the point where it needed to be sold in 2014, Pavel Durov was forced to do so (at that time, it was the most popular social media site During that time, techcrunch.com reported that Durov had to sell his 12 percent stake to Ivan Tavrin, CEO of Megafon, the largest mobile operator in Russia. telco’s second largest shareholder is Alisher Usmanov, one of Russia’s top oligarchs. Usmanov has for years been lobbying the government to acquire the company.”
Telegram explosive growth
The dating application Telegram gained explosive growth in a short amount of time after its launch in 2013, when Pavel Durov launched it. VK user Durov pointed out on his
Until the last decade, only a few mobile apps that would eventually become extremely popular (Facebook, Instagram, and YouTube) had enjoyed such rapid growth. Two ICO offerings by Telegram have generated more than a billion dollars in revenue as of 2019. Telegram’s growth exploded even more when Facebook’s WhatsApp and other products went down in March 2019, and millions of users flocked to the app instead.
How is Telegram different from WhatsApp?
In addition, Telegram is free and will remain open as the company has not plans to monetize it with ads or subscription fees (Durov pointed out the company will not monetize it with subscription fees or ads forever, as pointed out on the Telegram website).
How does Telegram make money?
According to the latest figures, Telegram does not generate revenues, or at least not enough to make any money. A blog post from Durov stated that he “lives for fast and secure messaging that is free.” It is noted on the same blog that if Telegram were to run out of funds, it may introduce “non-essential paid options” to supplement developers’
Will Telegram make money with ads in the future?
Durov will probably not make any changes to the organization. We hold your private data in the highest regard, as we explained in a recent post. Our ads are never targeted to your interests based on your information. No third parties will ever be able to access your data. In Telegram, we only store what is absolutely necessary to make it
What features make Telegram different from any other app?
A single feature does not distinguish Telegram from other messaging apps. As opposed to that, Telegram is unique due to the culture it established and the features it has. is a breakdown of some of the features of Telegram as pointed out on the Telegram
A unified message history Edit your messages after posting and delete them afterward to ensure that they are no longer visible to anyone else. Mobile and desktop access for all platforms Access your messages instantly from any device. Search from millions of messages instantly, even if you don’t know what you’re looking for. Use the sender filter to narrow your search. Smart notifications Receive notifications only when a group member replies to your message or mentions you. Track the details of each conversation and keep communication efficient, no matter the size of the group. Messages can be pinned to the top of the chat window so they can be seen at a glance. No matter how muted ordinary messages are in your group, all members will receive a notification. Tools for managing messages Appoint administrators who can mass-delete messages, control membership, and pin important ones. Permit the admins to define their privileges with granularity. Receive and send files of any type, up to 1.5 GB in size each, and access the files instantly on any other device. Put a short link on your page to make it public, such as Anyone can join a group and see the entire history of chats managed by the group. Using our API and inline bots, you can create any custom tool you need to match your specific needs.
Tokenizing Telegram: Telegram Open Network (TON)
In its White Paper, Telegram highlights the following TON, a fast and inherently scalable multi-blockchain architecture built on Telegram’s expertise in encrypted distributed data storage, makes use of Telegram’s expertise in encrypted distributed data storage. As a decentralized supercomputer and value transfer system, TON can be viewed as a TON machine. A TON card can become an alternative to VISA/Mastercard in the new decentralized economy since it offers maximum security and maximum transaction time.
As highlighted in the same White Paper:
Telegram users will exchange the TON coins by calling them “Grams” and denoting them using the TON symbol. This currency will be the primary means for the in-app economy on Telegram, and it will be available to anyone for use outside the app as well.
In what ways is the TON cryptocurrency going to The following are the highlights of the nightly Telegram Gas credits (commissions) paid to TON nodes (validators) in the context of smart contracts and transactions To allow validators to validate transactions and generate new coins, validators must deposit stakes of their own TON Capital is loaned out to validators in exchange for a share of rewards Voting power is required to support or oppose changes in the protocols Services built on the platform are paid for by TON (TON Services) and TON Services are supported by TON. (TON Storage) payment for storing data in a secure, decentralized way. TON DNS is used to register blockchain-based domain names (TON DNS) TON WWW is used to host blockchain-based sites Paying for a service that conceals your identity and IP address A service that bypasses censorship imposed by local ISPs (TON proxy).
The financial resources generated by ICOs will be used by Telegram for what purpose? White Paper highlights the following points In more than 80 percent of cases, the collected funds will be used to fund equipment, bandwidth, colocation, and user verification. In addition to wages, offices, and legal and consulting services will also receive some allocations.
Telegram halted ICO
The company raised capital through two initial coin offerings last year to sustain its growth. Although the SEC (Securities and Exchange Commission) halted Telegram’s ICO in October 2019, the task force continues to prepare for the future. In addition to what the SEC emphasized It is a subsidiary of the Telegraph TON Issuer Inc., its wholly owned subsidiary, is also part of the group. A round of funding was launched in January 2018 to help finance Telegram’s business ventures, which include the development of its own blockchain, the “Telegram Open Network,” and the messaging phone
As the SEC specified:
To date, the defendants have sold approximately 2.9 billion digital tokens known as Grams at discount prices to 171 initial purchasers worldwide, including more than 1 billion Grams to 39 U.S. buyers. They are consumers. In addition to its promise to provide Grams to the initial purchasers upon the launch of its blockchain by October 31, 2019, Telegram promised to facilitate the sale of billions of Grams into the United States during this time. Several markets exist. Under the Securities Act of 1933, it is alleged that defendants failed to register their offers and sales of Grams, which are securities, as required by law.
It can be summarized that the SEC regarded the coin offering, known as the Graham, that Telegram was about to release in the US for a price in the billions, as an imposition of securities. For this reason, it In the SEC’s view, further claims are made The U.S. is being protected from floods of Telegram today by the emergency action we are taking. There were digital tokens for sale on markets that we allege were illegally purchased.
As for Telegram, it does not comply with that process, as per the SEC. According to the SEC, Telegram failed to provide investors with sufficient information regarding Grams’ and Telegram’s business operations, financial condition, risk factors, and management as required by the securities laws.
The failed tokenization
In May 2020, the US court brought an official end to the TON Blockchain project, which would have allowed Telegram to release its own This is gram. Using an analogy from the gold mine example, Pavel Durov described his point of view about the US court decision on his YouTube channel “Imagine that several people put money together to build a gold mine, and that the gold that is extracted later gets split.”. As soon as the mine builders arrived, a judge told them It was because many people were looking for profits that they invested in the gold mine. Their intention was not to keep that gold for themselves, but rather to sell it to others. The gold cannot be given to them. That is why no gold can be given. ” In other words, says Pavel Durov, the US court regarded Telegram Open Blockchain (TON) as a mine and its Grams as In this interpretation, the investors who bought the mine gave up the ability to sell the gold if they did not want to keep it. Following the split, Telegram agreed to pay $18.5 million in civil penalties and to refund over $1.2 billion to investors.
According to the final ruling of the SEC The federal securities laws require that new and innovative businesses obtain registration to participate in our capital markets, and business owners cannot violate these registration requirements. In its report, the SEC also emphasized that “Our emergency action protected retail investors from Telegram’s attempt to flood the markets with securities purchased by an unregistered offering without providing full disclosures about its project.”
It was founded by Paul Durov that would become known for its social media service (VK). Having to sell the company back to a private company owned by a Russian oligarch, he realized the time had come to leave. He founded Telegram, an app chat, focused on ensuring privacy through encrypted messages, free from advertisements, and free of As of 2019, Telegram had raised over a billion dollars through two ICOs (initial coin offerings) Telegram is not generating revenues, and Durov believes it will never generate revenue via advertising, subscriptions, or subscription fees.