Open network (tone), blockchain that makes it easier to pay on the Toncoin message exchange application. After the announcement, Toncoin jumped 6%.
“I have long been a believer in the potential of blockchain to disrupt traditional industries and systems,” Tim Draper, founder of Draper Associates-One of the VC participating in this circle, said in a statement. “Tone technology is very impressive, and its integration with the Telegram gives it a distribution that no other blockchain can harmonize.”
Investors who participated in this circle will receive a “investment based on a token” instead of capital such as traditional funding, said spokesman Ton Wealth. “Basically, these VC set up their bets on future success and usefulness of tone blockchain, its growing ecosystem and its potential to provide usefulness in the real world for cryptocurrencies, especially in Telegram.”
The deal comes as The founder of the telegram And the Director Pavel Durov was allowed to return home from France earlier this week in the middle of an investigation into his platform. Following a statement At the Telegram in which Durov confirmed that he returned home to Dubai, Toncoin increased 24%.
Durov is pre -banned from leaving France after being detained near Paris in August and charged with crimes associated with allegedly allowing criminal activity on Telegram. An investigation into Durov and Telegram continues, according to a statement in the founder. He will have to return to France by April 7th.
The Telegram has become known as a platform to exchange messages for people seeking privacy and security. Durov made this a company policy not to comply with government requests for information about its users, but reverse That policy shortly after he was arrested. Because of this, the French government claims that the application was used to distribute a sexual sexual child abuse Material, drug trade, fraud and other criminal activity.
The platform has previously denied these costs, call It is “absurd” to keep Durov personally responsible for the actions that take place on the platform. The Telegram spokesman pointed to a statement about the Telegram from Durov from September, saying: “No innovator will ever build new tools if they know they can be responsible for the potential abuse of these tools.”
During the investigation, the founder held his innocence, saying that the Rutinian company “exceeded its legal obligations”, when it comes to preventing the platform to exploit bad actors.
This story is originally shown on Fortune.com
