BY THE SHADOW MAN ! โ๏ธโ๏ธ๐๐๐ฌ๐ง๐บ๐ธ๐ด ๐ด ๐ฆ๐บ๐จ๐ฆ
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, Durovโs cryptocurrency idea lost steam because of a U.S. court. โThe 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,โ he wrote on his channel. โUnfortunately, a U.S. court stopped TON from happening.โ
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
THE SHADOW MAN & 33; ๏ธ๏ธ๐ฌ๐ง๐บ๐ธ๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ๐ฆ๐บ๐จ๐ฆ from jp