Telegram ICO Raises $850,000,000 From 81 Separate Investors And At Least One Russian Billionaire

in cryptocurrency •  7 years ago 




That's it ladies and gentlemen. Pack it in, because the now the big boys are coming to play a round of ICO.

The two founders of Telegram, Pavel and Nikolai Durov, have officially filed a "Notice of Exempt Offering of Securities" with the SEC.

According to the official document, the official purpose of the round was for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.”

By declining to participate in a traditional ICO in favor of filing with the SEC, Telegram has limited potential investors (at least in the US) to US citizens who are worth over $1m or have an annual income of over $200,000.

While the document didn't disclose names of specific investors, a Russian news outlet published a leak naming some of them. On the list was Roman Abramovich, the infamous Russian billionaire who purchased the Chelsea Football Club in 2003.

Located in the British Virgin Islands, the two companies reportedly conducted the ICO in a more traditional way - with good old fashioned dollars and euros.

One thing is for sure - if you're sick of the NSA tapping into your lines of communication, you can just switch to Telegram and say hi to the boys over at the KGB.

это пиздец!

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Could somebody please explain to me the benefits of Telegram going blockchain, or is it just and elaborate money grab... because it is definitely working if it is.

Oh my, and sadly... they won't have much of a purpose.

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I heard of telegram a while back when one of my client use it . but i also heard it got hacked a while back . i guess with the new fund there will be able to refine it

Hhahahhahaha love this tho

For me its a help call to arouse Attention... I mean why should a functional Company raise so much Money. Look at Kodak... for me they were seemingly dead. And now they are speaking from ICO and peng their stocks raise

Well, I do not like that at all. They have chosen the big money from the big investors and locked out their faithful users from the presale... Sad...

Telegram has a existing value proposition, so this looks like a money grab or crypto grab. This could be a decent ICO if telegram plans to expand, but in reality the old conspiracy theory comes to mind: ICOs are to grab a large pool of existing cryptocurrencies like ETH in exchange for a low-value to worthless exchanged coin.

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