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A comment on SEC halts Telegram's $1.7B token offering. Parent comment

Re:SEC halts Telegram's $1.7B token offering by snagglegaggle on Saturday October 12, 2019 @04:24PM (#21235954)
Yeah, and Telegram doesn't promise any return as far as I can tell.
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Re:SEC halts Telegram's $1.7B token offering by DiogenesKynikos on Monday October 14, 2019 @06:44PM (#21253657)
Telegram promises Grams (digital coins), to be delivered once the TON network is operational. Telegram even projects what the price of a Gram will be on the market.

This is a vehicle for investing in Telegram's business. If you buy this contract, you're giving Telegram money, which they promise to use to develop a new service. They promise to give you a cut of the value created by that new service. This is very much like a stock offering.

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