I totally think it's a scam, and there is absolutely no reason whatsoever for them to tokenize.
Then, you have the pre-sale garbage tactic of old world investing to boot, which means all the early investors will dump, once the normies are aloud to jump in... it's so sad that this is going to take so much money from people in the end.
RE: $850m raised in Telegram ICO: Is this the largest cryptocurrency scam yet?