Telegram has announced it’s TON Wallet, the application that will be used to store its Gram tokens, will not be integrated into the privacy-centric messaging app at launch. The firm added that it has made no promises regarding the development of applications for the TON blockchain, leaving it up to the community to develop these.
The TON Wallet is the application that’ll allow users to store TRON’s native Gram tokens. According to the Notice:
“In this regard, the TON Wallet is expected to compete with any other wallet applications designed and offered by third parties. Telegram may integrate the TON Wallet application with the Telegram Messenger service in the future to the extent permitted under applicable laws and governmental authorities.”
Per TheBlock, in a Terms of Services dated October 2019, Telegram said its Grams wallet would either be an independent application or would be incorporated into the Telegram application.
Telegram went on to say that it hasn’t made any commitment to develop an application for the TON blockchain, and may not do so after the network goes live. According to its notice, it’s the responsibility of third parties and the community to implement such applications and smart contracts.
The firm’s statement comes as it battles the U.S. Securities and Exchange Commission (SEC) over its allegedly illegal initial coin offering, in which it’s said to have raised $1.7 billion.