How much exactly does Telegram intend to raise in its ICO? That is the question asked by CrunchBase, which reviews the various amounts which have been reported by the media over the past couple of weeks — from $1.2 billion in total to $5 billion.
According to a leaked white paper primer, Telegram plans, among other things, to create a new cryptocurrency in order to facilitate payments and microtransactions between the platform’s 180 million users. Dubbed TON (“Telegram Open Network”), the cryptocurrency will rely on a “third generation” blockchain with more efficient transaction and scaling capabilities than current solutions like Bitcoin and Ethereum.
$1.2bn or $5bn? That is the Telegram ICO questionRead More
