During the year of the project's existence, about 50% of revenue was spent on marketing. another 35% was spent on employee salaries and other project expenses. our ideas do not make sense on the TON blockchain. what we came here with is not shared by the audience. we implemented the services ecosystem first as an MVP, then as a really working infrastructure, but did not get a response from the audience. We don't believe that we should move away from the main point - the implementation of the service ecosystem. all mini-apps and GameFi are garbage to us. a project is an investment. both for holders and funders. any project can't exist forever, and as soon as it ends, it is called a scam. we have put our developments under NDA, and we have no right to use them anymore. let them benefit those who really need them. peace to all.
During the year of the project's existence, about 50% of revenue was spent on marketing. another 35% was spent on employee salaries and other project expenses. our ideas do not make sense on the TON blockchain. what we came here with is not shared by the audience. we implemented the services ecosystem first as an MVP, then as a really working infrastructure, but did not get a response from the audience. We don't believe that we should move away from the main point - the implementation of the service ecosystem. all mini-apps and GameFi are garbage to us. a project is an investment. both for holders and funders. any project can't exist forever, and as soon as it ends, it is called a scam. we have put our developments under NDA, and we have no right to use them anymore. let them benefit those who really need them. peace to all.
BY Ex Open Project
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For some time, Mr. Durov and a few dozen staffers had no fixed headquarters, but rather traveled the world, setting up shop in one city after another, he told the Journal in 2016. The company now has its operational base in Dubai, though it says it doesn’t keep servers there.Mr. Durov maintains a yearslong friendship from his VK days with actor and tech investor Jared Leto, with whom he shares an ascetic lifestyle that eschews meat and alcohol.
Telegram Gives Up On Crypto Blockchain Project
Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep. Ironically, after leaving Russia because the government wanted his encryption keys to his social media firm, Durov’s cryptocurrency idea lost steam because of a U.S. court. “The technology we created allowed for an open, free, decentralized exchange of value and ideas. TON had the potential to revolutionize how people store and transfer funds and information,” he wrote on his channel. “Unfortunately, a U.S. court stopped TON from happening.”
