Author

Topic: The fastest and longest ICO (Read 141 times)

member
Activity: 98
Merit: 13
October 13, 2018, 01:17:46 PM
#5
It is somewhat funny for me how telegram raised almost 2 billion in presale while there was no public promotion or links for their tokensale i have seen, i have they have raised all those funds from some big private investors, secondly, as telegram has a working product and successful tokensale where is there token listed and traded? And what is the ticker used for it?

Quote
The authors plan to create a fast and easy-to-use cryptocurrency built into Telegram applications. With its help, users will be able to pay for services both inside and outside the messenger - as one of the examples of using TON, the document identifies “decentralized VPN services”.
white paper


Telegram and its crypto had got a great support from the very beginning. Even without public promotion it was clear that it should be loud. As its regular user, I was interested in following the project. So as many others.

Quote from: product developer at Waves
No company with such a huge audience has ever held an ICO

Quote from: Forbes link=https://www.forbes.com/sites/kenrapoza/2018/02/28/is-telegrams-massive-ico-a-harbinger-of-things-to-come/#1cfdcd61aebb
The minimum limit for the first round is as high as $20 million for outsiders and $500,000 for “friends.” It's more like a global roadshow, with wealthy investors from Asia, Europe and the U.S. all willing to bet that Telegram's estimated 200 million users will start using their Telegram Open Network wallets, buy TON coins and spend them on goods and services on the app.

Quote
The Wall Street Journal reported that Telegram decided not to hold an ICO. Why the company's position has changed was unclear, but one of the possible reasons was that they had already got enough money... Another possible reason was their unwillingness to communicate with the US authorities. If Telegram would start a public toke sale, they could expect for more thorough checks by the SEC
translated from here
legendary
Activity: 2212
Merit: 5622
Non-custodial BTC Wallet
October 13, 2018, 01:15:15 PM
#4

However, fast fundraising does not guarantee success in the future. Conversely, a long-term ICO can be very profitable as well. Look at EOS – maybe the longest running ICO ever, isnt't it? The company raised $4 Billion in a year. Of course, not the most lucrative results taking into account the duration of the ICO period. For instance, Telegram raised $1.7 billion just in pre-sale. But in the end the profit is really worthwhile.


You are right. Fast fundraising do not guarantee good returns. But it shows how much people are interested and it's potential.

This eos model of ico, 1 year and 4 billion, is certainly not interesting for me. Why would they need 4 billion ? I wouldn't invest in this kind of ico.
sr. member
Activity: 1442
Merit: 265
October 13, 2018, 12:43:15 PM
#3
It is somewhat funny for me how telegram raised almost 2 billion in presale while there was no public promotion or links for their tokensale i have seen, i have they have raised all those funds from some big private investors, secondly, as telegram has a working product and successful tokensale where is there token listed and traded? And what is the ticker used for it?
member
Activity: 98
Merit: 13
October 13, 2018, 12:28:07 PM
#2
Given the number of projects and ICOs, soon (if not already) this data will not be relevant.
member
Activity: 98
Merit: 13
June 15, 2018, 10:17:00 AM
#1
Why do so many companies try to implement the blockchain where it is not needed at all? The answer is obvious – successful application in some other areas and rapid fund-raising. However, not all ICO will be so successful. If you look at such top fastest ICO you see that they really have a great potential, and the use of blockchain in these fields seems quite justified for me:

  • Brave (free and open-source web browser) raised $35 million in 30 seconds.
  • SingularityNet (global AI network) raises $36 million in 60 seconds.
  • Modum.io (IoT sensors) raised $4.2 million in 10 minutes.
  • Firstblood (e-sports, online game matches such as League of Legends, Dota 2, Counter­Strike: Global Offensive) raised $6 million in few minutes.

Great results and role model for many companies. The list can be longed with many other outstanding examples such as Aragon ($25 million in 15 minutes), Humaniq ($1.5 million raised in 60 minutes), Qtum ($10 million raised in 90 minutes), Blockchain Capital ($10 million raised in 6 hours) and so on.

However, fast fundraising does not guarantee success in the future. Conversely, a long-term ICO can be very profitable as well. Look at EOS – maybe the longest running ICO ever, isnt't it? The company raised $4 Billion in a year. Of course, not the most lucrative results taking into account the duration of the ICO period. For instance, Telegram raised $1.7 billion just in pre-sale. But in the end the profit is really worthwhile.
Jump to: