Telegram Open Network (TON) is a multi-blockchain P2P (peer tp peer) platform that plans to increase its coin offering to $2 billion. TON blockchain will allow its users to make faster transactions.
Telegram was launched on August 14, 2013, providing its users with a fast and secure cloud-based messaging application.. It was the brainchild of two Russian brothers, Pavel and Nikolai Durov, and has around 180 million active users.. Telegram was very popular with blockchain users and this is because almost every ICO has a Telegram channel with Github account.. The decision to create a blockchain platform was announced in December last year, a situation that has come in handy for the cryptocurrency community.
Earlier this month, Telegram plans to raise the private sale to $500 million.. However, according to trusted anonymous users, the company plans to raise the private sale to $850 million in January and auction for $1.15 billion in March. This private sale is more than 50% in people’s ‘Gram’ token.
The Wallet and other TON services are scheduled to launch in 2019.. Private sale investors will receive a refund if the tokens are not listed on an exchange by 2019.. But once on the list, private sale investors will be in a “lock” position.. What this means is that they won’t be allowed to trade their coins for 18 months ahead. While people were voicing their support for Telegram, BitBull Capital’s CEO Joe DiPasquale decided to skip this ICO and said:
“It is very expensive and risky for me to be involved at this point.. They still need to have many more successful raises and their eventual raises above hundreds of millions. 1.2 billion is a huge goal and it is impossible to say whether they will achieve it.”
This special sale is expected to close in February, followed by an auction in March.