Pavel Durov

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.