If this project is implemented I think you are right (this is still not certain i think).
This is going to be one of the most good ICO during the year.
I don't agree because Telegram company doesn't need funds to make a project. They have everything. And they're a centralized company. No need for crypto fund raiser in their system. They want to benefit from the hype only.
Maybe the telegram owner does not want to lose the opportunity to grow his business. and this is a sign that the future of crypto is getting better.
the main reason is money, anyone wants to increase his wealth.