Telegram Token Sale

[cryptobaccar]

Telegram has decided against holding an ICO to fund the development of its third-generation blockchain.

Insiders , the Wall Street Journal reports that the Pavel Durov firm determined that it is satisfied with the $1.7 billion it had raised for the Telegram Open Network (TON) and prefers not to go through any regulations of an ICO being open to public.

Telegram has been notoriously opaque about its token sale, with even prospective investors complaining about an inability to convince the company to provide them with concrete details about the offering.

Nevertheless, documents filed with the Securities and Exchange Commission (SEC) reveal that the company held two funding rounds between January and March and that each raised $850 million.

Fewer than 200 investors contributed to the token sale, which was restricted to institutional investors and high net worth individuals who have undergone accreditation.

The token sale has been conducted under Rule 506(c) of Securities Act Regulation D, which stipulates that companies can sell unregistered securities if they restrict the sale to accredited investors, report the funding round to the SEC, and subject investors to a predefined vesting period.

Initial reports indicated that firm may have hoped to raise as much as $5 billion through a private presale and a public ICO. However, one source told the publication that the regulatory winds have shifted since it first began planning the sale. Indeed, the SEC has stepped up its enforcement of ICOs in recent months, and it alleges that most of these token sales are unregistered securities offerings operating in violation of federal law.

Earlier this week, Iran’s government issued an order prohibiting its citizens from using Telegram’s messaging platform. The ban was likely primarily connected to its usage among organizers of recent protests in the country, but the company’s plans to launch its own cryptocurrency appear to have played a role as well.

At least one high-ranking Iranian official had warned that the new company’s new cryptocurrency could enable residents to evade capital controls and funnel $50 billion out of the country annually.

[montreal]

But this is very interesting. As we know, Pavel Durov is a very capable and intelligent person. I'm sure that its platforms will be successful.

[ZaynDale]

The recent news I heard was Telegram cancelled their Billion Dollar ICO due to Russia's Telegram blocking on their country.
Telegram ICO is one of the most awaited ICO in the crypto market but unfortunately it had ended it's plan for their first phase on ICO token sale that supposed to be launch in the next few moments.
Russia's interference is one of the worst effect why they cancelled their ICO as Russia's most used messenger App is Viber and not the Telegram.

[BestSSS]

Why the ICO Telegrams so much hype

Such a large-scale project has not yet been in the history of the ICO, this is certainly a big step in the development of the cryptocurrency and it is not surprising that many predict greater profits to investors and there are plenty of reasons for this:

Product
Not every ICO at the time of holding has a ready prototype of its product, against this background, Telegrams with its best messenger at the moment looks impressive.

Audience
200 million users, for now. If you are interested in cryptocurrency, it is no secret that basically all the communication of crypto-enthusiasts takes place in Telegram. No ICO is complete without a group or a channel in this messenger.

Team
Pavel Durov - the founder of Vkontakte, is an authoritative figure in the IT world, only his participation can create a stir, and if you look at the whole team, including Nikolai Durov and other winners of the world Championships in programming, it becomes clear where so many HYIP and wishing to invest their money in the project.

[qazgroup]

I still can not believe my eyes that telegram ico has raised over 1.5 billion dollars and that too in private sale that is huge, it is just a messenger which is already running and im unable to understand what will they do with that much of money now?

[vijaybharath.23]

raised over 1.5 billion dollars and that too in private sale  it is just a messenger which is already running and im unable to understand what will they do with that much of money now?

[Gnompork]

I am sad that there will be no public ICO. But Durov is a clear solution. Shunichi around elegram enough money collected. There may be airdrops, but it's unlikely. We will wait for vinda whales on the exchanges and news about the development.

[topchiiy86]

I still can not believe my eyes that telegram ico has raised over 1.5 billion dollars and that too in private sale that is huge, it is just a messenger which is already running and im unable to understand what will they do with that much of money now?

Yes it's really confusing how easy it is to raise a billion of dollars in crypto world. Before Telegram ICO, I thought that 30-50 millions is a huge cap for an ICO, but Durov raised the level to billions. I can't imagine that this ICO really needs so much money for development, having a working product already.