The initial launch of the TON platform has been missed, the company does not have a commercial model, but there are many shortcomings, according to analyst Larry Chermak
The Open Network Telegram project has a serious problem approve Larry Chermak, analyst at The Block. He suggested thinking twice before buying Gram tokens and explaining, and what were the main disadvantages of the blockchain platform.
According to experts, Telegram messenger does not have a commercial model, initially funded only with money from founder Pavel Durov. Analysts are also embarrassed by the fact that information about the possibility of launching the TON blockchain appears in the second half of 2017, at the moment the market is at its peak, and investors are actively investing in ICO projects.
The platform launch will be held in 2018, but this does not happen. Chermak claims that investors in this project are not guaranteed to be able to fully repay them if the system does not start until October 2019, because $ 400 million is spent directly on development.
"Of course, the launch of this network is planned until 31 October. Literally the last day of the Telegram does not have to return money. Accidental? "- said the analyst.
He stressed that giving the company $ 1.7 billion in exchange for future tokens was "a very bad idea." Chermak believes that most investors no longer hope to get results from this project.
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