"For an app that competes with other chat apps on supposedly being more secure and privacy aware"

It mainly competes against facebook and other social media plattforms. The privacy is clearly wrong and only believed by non technical people (which can be amusing, when on TG someone posts a link to FB, or a WhatsApp group and people chime in and lecturing others that they should not use that as it is insecure and owned by a big company who will sell them out).