Topic: [2018-04-14] Telegram can earn $1.7 billion after 2 rounds of TON token pre-sale (Read 123 times)

Telegram receives a sufficient number of requests in order to raise another $ 850 million during the second round of the closed token pre-sale of the future platform Telegram Open Network (TON), Bloomberg reports quoting sources. "Investors place enough requests during the second round of the closed sale, even though the price exceeds the level of the previous month by more than three times," two sources said.

The token price during the new round is about $ 1.33, the agency reported a month earlier. In the first round, the price was $ 0.37, which is almost 3.6 times less than the new amount.

In February, Telegram raised $ 850 million from 81 investors at the first pre-sale stage. Later in February, the media reported that the messenger aimed to raise roughly the same amount during the second round of pre-sales. In particular, TheVerge noted that the messenger hoped to earn $ 1.6 billion even before the public token offering.

At the same time, the agency notes that the demand for tokens in the second round of pre-sales is lower than during the first round, so some investors were given additional time to invest in the project.

A number of media report with a reference to the Whitepaper (allegedly, an official technical document describing the ICO) that Telegram plans to develop the Telegram Open Network (TON) blockchain platform with its own cryptocurrency. The platform developers compare their project with a distributed supercomputer or a money transfer system. In new, decentralized economy it can compete with Visa and Mastercard, the document says. The Whitepaper specifies that the funds raised during the ICO will be assigned for the purchase of equipment and development of TON related technologies.

Based on materials Antares Capital
https://antares.capital/en/news/telegram-can-earn-17-billion-after-2-rounds-ton-token-pre-sales