Durov About GRAM and Crypto Fraud: Telegram Open Network News

Russian businessman and programmer, Pavel Durov announced the release of Telegram Wallet at the end of last year, but the launch had to be postponed. It is expected that this wallet will become reliable storage for the Telegram currency. It is also known that Telegram Wallet is able to operate with fiat currency.

Cryptocurrency system and all related services on the platform, will start operating in 2019.

Fraud with GRAM

It is known that tokens will not be put up for public sale, so it is impossible to buy Gram currency before its official release. However, there ars a lot of people out there, who wanted to get hold of a cryptocurrency before its release.

That is why a website telegram-ico.org appeared with all of the present information from official sources. This particular resource was claiming that it can help those kind of people to get a hold of the newest cryptocurrency before it’s out on the market. After the fraudulent website had collected an amount of $ 5 million, it’s creators disappeared with the money.

Another type of deception is gaining momentum. It states that scammers are the big investors who took part in closed trades and put up Gram for sale. Of course it is not true.

It is recommended to trust exclusively publications about this project from the official website of Telegram. Do not purchase Gram cryptocurrency before the appearance of official statements.

As for the mining of new Cryptocurrencies, those will be the users who are called «validator». The amount of these users will be about 10 thousand. They will be selected depending on the highest amount of Gram currency on the account. Such activities require powerful servers with high-speed network access. There is no other details about mining Gram, but this year the cryptocurrency creators promise make all terms and conditions accessible to public. Also good news is that this platform allows to make profit even without cryptocurrency trading.

The award will be paid for the «rental» of free disk space for the TON Storage service and for registration names in TON DNS.