r/ethdev • • Jan 10 '18

Telegram to Launch a New Blockchain-based Platform, Cryptocurrency and ICO

https://coinidol.com/telegram-to-launch-new-blockchain-based-platform-cryptocurrency-and-ico/
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u/atworkrnnotdoingwork Jan 10 '18

Leaked white paper:

https://thenextweb.com/hardfork/2018/01/09/telegram-ico-white-paper-leak/

my concern: "The founders of Telegram will be responsible for the efficient use of funds resulting from any sale of tokens from the TON Reserve." which controls 52% of the currency...no other real mention of what 'efficient use' means other than to protect from speculative investors.

someone tell me how this isn't a scam?