I sure Ton (token developer of Telegram) have largest ever ICO. After launch a second private presale, Bloomberg Technology reports that the company did just that, and has raised a total of $1.7 billion in March between the two sales.
https://www.theverge.com/2018/4/1/17186004/telegram-presale-open-network-app-ico-cryptocurrency-ton
https://www.theverge.com/2018/4/1/17186004/telegram-presale-open-network-app-ico-cryptocurrency-ton
What did they say they would do with the money raised? $1.7 billion (if that figure is correct) is a lot of money so what do they intend to do with it?
them is aiming to develop a series of services alongside its messaging app:
- Distributed file storage akin to services like Dropcoin and ICO company Filecoin
- A proxy service for creating decentralized VPN services and TOR-like secure browsing environments based on the blockchain
- Services for decentralized apps, smart contracts and decentralized web browsing experiences
- Payments for micropayments and peer-to-peer transactions
Thank you for the information. It seems a few $million at maximum would be required to achieve all that. Excellent devs and servers for testing does not cost $1.7 billion.
Maybe a large chuck is going straight to the pockets of the owners of Telegram
