Categories: Bitcoin

Telegram Takes Trademark Squatter to Court over ‘Gram’ Cryptocurrency

Join our group of 10 000 merchants on Lantah LLC registered a trademark for “gram” in February, after the personal TON presale had begun.

Telegram claims that it has acquired “common law trademark rights” to GRAM because it has already performed a “widely reported on and highly successful offering of Purchase Agreements” utilizing the time period. The agency additional alleges that Lantah is working in unhealthy religion and seeks to revenue from model confusion.

From the criticism:

“Lantah’s unauthorized use in commerce of a service mark that’s confusingly comparable to Telegram Messenger’s GRAM mark has brought on and is probably going to proceed to trigger confusion or mistake, or to deceive customers and potential customers, the general public, and the commerce regarding an affiliation, connection, or affiliation between Lantah and Telegram when there is no such thing as a such affiliation, connection, or affiliation.”

Such model confusion can have severe penalties. When Venezuela started accepting preorders for its “petro” cryptocurrency earlier this 12 months, an unrelated token of the identical identify briefly skilled a pronounced value rally as confused buyers bought it considering they have been shopping for the state-backed token.

Daniel Jeffrey, the principal proprietor of Lantah LLC, informed CLC in an emailed assertion that, opposite to Telegram’s declare, Lantah was utilizing the “gram” trademark earlier than it was even conscious that Telegram had determined to market a product below the identical identify.

“Lantah was publicly utilizing the Gram identify earlier than we have been even conscious of Telegram’s choice to market one in all their merchandise with the identical identify.  This was backed up by the supply of the trademark,” he mentioned. “We are now having the matter reviewed by counsel.”

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