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Telegram and their ICO

Posted by Arup Das on April 17, 2018
 

With the rise in cryptocurrency popularity, investors are keen on what might be the largest initial coin offering (ICO) yet.

Telegram is a messaging app that is focused on speed and security. Telegram for iOS was launched on August 14, 2013 and was founded by Russian entrepreneur Pavel Durov and Nikolai Durov. Last month, Telegram raised $1.7 billion from through their two private ICO’s, selling rights to virtual coins call Grams at $0.38 apiece. Telegram is targeting for another $850 million this month at $1.33 apiece. It’s raising funds to build networks, rent servers, and boost the number of users and pay operating expenses. In March 2018, Telegram stated that they had 200 million monthly active users. Unlike conventional messaging apps like WhatsApp, Telegram is a cloud-based messenger with seamless sync. You are able to access your messages from across many several devices at once, and share an unlimited number of photos, videos, and files of up to 1.5 GB each. As a result, you are able to store all the data onto a cloud, rather than your device, saving space. Features of Telegram include: cloud-based messages, bots, channels, stickers, drafts, secret chats, voice calls, video messages, live locations, and social login.

The company is seeking to build its own blockchain network with Gram built-in, enabling much faster transaction speeds than rival networks run for Bitcoin and Ethereum. “The change in Telegram’s plan comes as the company is under scrutiny for its proposed Telegram OpenNetwork or TON, which promises to be an Ethereum-like ecosystem with apps, services, and a store for digital and physical goods.”

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