Messaging app Telegram is joining the cryptocurrency craze in a big way.
Although nothing has been officially announced, a 23-page document obtained by Mashable claims that Telegram is preparing to launch an initial coin offering (ICO).
Although the document outlines a dynamic token crowdsale in which the token price would be adjusted according to interest, CoinDesk‘s sources claim Telegram plans to raise $600 million to $700 million. Since the same sources claim the company is also looking to collect $500 million to $600 million in a presale (a private sale of digital tokens, typically to larger investors), that puts the total raised at about $1.2 billion. Read more…
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Originally syndicated from Telegram to raise a total of $1.2 billion in a monster ICO, report claims
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