The creators of the Telegram messenger yesterday published on their website the first official version of the rules for using a wallet to store Gram tokens.
According to the publication, the wallet will be available as a standalone application and built into the Telegram messenger.
Persons over 18 years of age and residing in jurisdictions where it is not prohibited by law or other rules, including sanctions, can use the wallet.
Telegram will not have access to or store public or private keys, recovery phrases or passwords and other user identification information. In the event of data loss, the company will not be able to help restore it, and the user may permanently lose access to their Gram tokens. At the same time, the company reserves the right to stop providing services to the user and close his account “at any time and for any reason.”
“In order to be completed, any Gram-transaction created using the Services must be validated and recorded in the TON Blockchain ledger. We have no control over the TON Blockchain network and therefore cannot ensure that any transaction details that you submit via the Services will be validated and confirmed on the TON Blockchain. The transactions you submit via the Services may not be completed, or may be substantially delayed by the TON Blockchain,” Telegram writes, adding that the company cannot cancel or modify already completed transactions.
Significant attention in the rules is given to Telegram’s disclaimer. The maximum amount of losses claimed by the company may not exceed $10.
Last week, TON investors were notified of further actions that they need to take to receive the purchased tokens.
Author: Marko Vidrih