It's been a while since telegram announced that they will launch their token sales [GRAM]. It is said that this particular ICO will be a multi-billion dollar ICO for chat cryptocurrency.
Telegram plans to adopt blockchain technology in its chatting application. In the future users can bypass the remittance fee of transferring money internationally, do small-micro payment, transfer money privately, etc. Up to this day, Telegram has become the official messenger for all cryptocurrency discussion which makes it natural for them to launch their own coin and blockchain. Some cryptocurrency media said that Telegram is looking to raise $500million in pre-sale with total token value at $3billion to $5billion. Amazingly, Telegram pre-sale has ended with a total of $850million. That's a huge number!
About Telegram:
Origin: Russian
Initial release: August 2013
Founded by: Nikolai and Pavel Durov (Founders of VK)
Monthly Active Users: 200 Million
Daily Sign-up Users: 700 thousand
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Are you guys planning to join in Telegram ICO?
If you are a Russian, does telegram is the main messenger in your country like Wechat in China, KakaoTalk in Korea, and Line in Japan?
Any update you want to share, feel free to do so.
It is the biggest ICO but with the number of scam sites that has portrayed as the real Telegram ICO will have an undeniable damage on this project. Moreover I think it's too expensive and only institutions will be able to invest.