Biography
Pavel
Valerievich Durov is best known to be the founder of Telegram Messenger. But he
previously had contributed to many other things that made him a successful
entrepreneur. By the year 21017, he was a part of the World Economic Forum as
one of the Young Global Leaders who represented Finland. He had also published
manifestos called, which showcased his vision on improving Russia. He is also
known for his donation that he made to Wikimedia Foundation. At present, he is
in the news of crypto headlines post-launch of the company Telegram Open
Network blockchain that managed to raise $1.7 billion in early 2018 through
private token sales.
For much of 2019, Pavel Durov's-
there were distributed updates on the TON blockchain’s improvement. In
September, advanced testnet code for TON was released, allowing the more
technically savvy to set up the full connection, validator nodes, and
blockchain research. While the launch of TON and the Gram token arrangement was
set for Oct. 31, the SEC checked the launch with an emergency keep backorder.
One SEC official set a set charge
because the total TON project and aspiring funding event was a means to fund
Telegram’s evolution after Pavel had sunk much of his luck from the sale of VK
into the messaging work. Durov renounces the accusation, saying that the token
sale was conscious of funding and assisting an assured proof-of-stake
blockchain system without resorting to traditional equity fundraising, which he
claimed could have impressed "the company’s unity and its values, and
change the company’s ethos and what it supports for.
Both the Blockchain Association and
the Chamber of Digital Commerce— two high-profile blockchain advocacy
associations — have recorded an amicus curia, or “friend-of-the-court” brief,
encouraging Telegram's position.
On 1 April 2014, Durov put forward
his resignation to the board; at initial, due to the fact the company
habitually had resigned, it was accepted to be accompanying the Ukrainian
crisis, which began in February. Even so, Durov himself claimed it was an April
Fool's Humor on 3 April 2014.
On 16 April 2014, Durov in public
amalgamated to hand over Ukrainian protesters' data to Russia's safety agencies
and block Alexei Navalny's page on VK. Instead, he posted the applicable orders
on his VK page, asserting that the requests were unlawful.
On 21 April 2014, Durov was
discharged as CEO of VK. The company claimed it was performing on his
resignation letter a month before that he failed to recall. Durov then claimed
the company had been effectively taken completely by Vladimir Putin's allies,
declaring his ouster was the consequence of both his refusal to hand over
personal information of users to federal law enforcement and his refusal to
hand over the individual details of people who were associate of a VK group
devoted to the Euromaidan protest movement. Durov then left Russia and declared
that he had "no plans to go back" and that "the country is different
from Internet business at the moment."
Upon departure from Russia, he
acquired Saint Kitts and Nevis citizenship, direct donating $250,000 to the
country's Sugar Industry Diversification Foundation, and secured US$300 million
in cash inside Swiss banks. This permitted him to focus on creating his next
company, Telegram, which was in the first place based in Berlin and centered on
an encrypted messaging service. Subsequently, he tried to establish the
"Gram" cryptocurrency and the TON platform, increasing a $1.7 billion
startup with investors including the widow of Steve Jobs, Laurene Powell Jobs.
These undertakings were halted by the SEC and the federal courts in the United
States.