Telegram – messenger multi-platform audience of over 200 million people who really liked nick from the sphere of cryptocurrency. They use the application not only for banal communication, it is a convenient tool for covering the latest news from the world of cryptocurrencies, advertising ico-projects, and most importantly – it's fast signals.
History of telegram ICO
The company Telegram in 2017 announced plans to hold an ICO TON (Telegram Open Network), for the development of the project and the same messenger Telegram. Already on pre-sale, Pavel Durov's ICO has become the largest fundraising company. At that time, the record belonged to Filecoin, which attracted $257 000 000, as well as the blockchain start-up Tezos, ICO of which ended in July 2017, collecting 230 million dollars.
In December 2017, in an interview with Bloomberg, Pavel Durov said that he was preparing "something big" in the new year. A month after this interview, in January 2018, the well-known resource TechCrunch published the first detailed description of the technical part of the TON Network, which they want to implement in Telegram. TechCrunch also said That according to their information, the first round of the ICO will be closed and will be available only to private investors. It Telegram plans to collect 600 million dollars. The second stage will be open to everyone, and it is planned to collect another 600 million.
Thus, the Telegram intended to hold the largest ICO in history. Also, TechCrunch sources say That to participate in the closed round of ICO Telegram, you need to make a minimum of $ 20 million if you are not in the nearest circle of communication of Durov. Money is accepted only in dollars or other Fiat currency, but not in bitcoin or Ethereum, as is usually the case in classic ICO.
In early February 2018, the Verge newspaper reported that the only document related to the ICO Telegram that they managed to find in the public domain is the so-called "Form D" sent to the us securities Commission, in other words, the report on the first round of the ICO. The document reported that the Telegram received $ 850 million from 81 accredited investors.
In addition, according to the Verge, at the end of February, investors received a letter saying about the second round of the closed ICO. Also, several sources reported that Telegram plans to raise about the same amount as in the first round, namely 850 million.
At the end of March 2018, Bloomberg reported that the second round of the ICO messenger was successfully completed, having collected the planned 850 million already twice. As a result, at the moment the Telegram has collected 1.7 billion dollars, thus setting an absolute record for the collected sums in the history of the ICO. At the same time, the Telegram has not even conducted a public ICO stage, where a huge amount of investments can potentially be raised. There are still disputes about whether the third public stage will be held. Many experts say that there is already a sufficient amount of money and there is no reason to hold the 3rd stage.
ICO Telegram has caused a lot of discussions and disputes. This is one of the first projects where venture firms took an active part. The developers have focused on large investors, setting a minimum bar of 20 million dollars.
Despite such large amounts and bold conditions, the proposal to invest in the development of the project took advantage of such well-known investment companies as Sequoia and Benchmark. Even one of the owners of The QIWI payment system, Sergey Solonin, bought tokens.
This all indicates the prospects of the project. Its development is guaranteed by telegram messenger, which is in the TOP 5 most popular on the market. The White Paper details the technical details of the implementation of the future system. The project team has already been able to prove its effectiveness in the field of digital currencies.
Ton cryptocurrency: the concept of the project by Pavel Durov
Today, the lack of a single cryptocurrency that could satisfy the needs of most users is the main drawback. Paul has a vision of a new cryptocurrency that can satisfy the needs of millions of people, including 200 million Telegram users. The management is going to use the user base to create solutions in the field of making payments.
Three problems, which are solved by the network TON:
The success of bitcoin and Ethereum is undeniable, however no coin is used for everyday payments.
The current blockchain networks are not able to compete seriously for Visa and MasterCard payment systems because of the capacity. The maximum number of payment transactions in the Bitcoin network is limited to 7 per second, and Ethereum – 15. This is not enough, and the increased demand leads to an increase in the cost of the operation;
There are only a few categories of products available on the market that can be purchased for digital money. Demand for electronic assets is growing not due to consumers, but due to investors;
*For inexperienced user it is difficult to understand the peculiarities of the purchase, storage and usage of cryptocurrencies.
The cryptocurrency system TON is designed to eliminate all these shortcomings. The developers say that the blockchain will be able to process up to a million transactions per second, which will allow it to cope with any load. In addition, TON will include an entire ecosystem with a simple and user-friendly interface, its own exchange and wallet protection technology. Telegram has extensive experience in data encryption: the messenger is one of the most secure and tamper-resistant on the market. Developers are trying to create a decentralized computer and a fast data transmission system.
TON wallet is planned to be implemented directly into the messenger, which can make it the most popular in the world. Integrated lightweight wallet consumes a minimum of resources and will be available in both mobile and desktop versions of the Telegram.
The blockchain network TON
Cryptocurrency platform TON created a scalable blockchain architecture consisting of a main chain, and additional chains. The distinctive advantage of TON is that blockchains can be separated and combined automatically. This ensures that blocks are created quickly and that there are no queues when transactions are made.
A network is a combination of many components:
- TON Blockchain is a scalable platform that includes several blockchains and is able to process millions of payment transactions per second;
- TON of P2P network the necessary access to the various circuits of the block chain TON;
- TON Storage is a data storage system, which is built on the analogy with torrent;
- TON Proxy-anonymity of identity and data of network members.
- TON will allow you to seamlessly integrate with social networks and applications, making the technology available to the average user.
The TON blockchain is the core of the whole project, and other components represent additional functionality. They make applications more versatile and useful.
Telegram project team
Most of the team – ex-creators and employees of the social network Vkontakte. As the founders are two people – Pavel Durov and his brother – Nikolai Durov.
In addition, the project team includes Alex Levin, Vitaly Valtman, Arseniy Smirnov, etc., a representative TON works at the Telegram and boasts a solid experience in programming.
Pavel Durov has repeatedly stated that there will be no advertising in the popular messenger, which is a huge part of the income of any project.In addition, the founder of Telegram is not going to sell a share in the company, wanting to maintain full control over it.
ICO is necessary to raise funds for the development of the messenger and the company as a whole. In addition, The Durov brothers plan to make a full-fledged payment system of Telegrams, capable of competing with Visa and MasterCard. Thanks to it, users will not have to wait for weeks for the international transfer, and the commissions will be minimal. Transactions will be made in the Gram cryptocurrency, and the system's ability to process millions of operations per second will allow to cope with any volumes.
Токены GRAM
На стадии предварительной продажи и полноценного ICO планируется выпустить 5 млрд. токенов Gram. По первоначальным данным, 52% останутся в резерве системы, чтобы гарантировать стабильность криптовалюты и не допустить спекулятивной торговли.
200 million tokens are planned to be left for the needs of the project and its development, and 44% — to be put on the market. 80% of the funds will be used to purchase equipment and develop technologies and applications. The remaining parts will be used for staff salaries and various services for the company.
On 16 February it was announced that through a private round of bidding, has raised about $850 million, although it was initially planned to only $600 million In March was the second round during which it raised another $850 million Thus, the total investment amounted to $1.7 billion, which is an absolute record. According to preliminary information, during the third stage of the ICO, the price of each token will be at least two dollars.
Those who wish to buy Gram tokens should beware of cheating. Pavel Durov said that all the sources, in addition to the official ones, are fraudulent. You can buy tokens after the start of sales directly in the messenger or on the crypto-currency exchanges.
Is it worth investing in telegram ICO
The company intends to use a user base of 200 million people and introduce a mass product that can actually popularize cryptocurrencies. The developers plan to integrate the wallet into the messenger available on all popular platforms.
Unlike other tokens, behind this ICO is a large company and a team of developers, known worldwide.
The ease of use of the wallet will allow you to buy digital money in a matter of seconds. All this potential and serious intentions of the developers make this project one of the most promising in the history of the crypto-currency market. Therefore, it is definitely worth investing in Gram tokens.
The only risk is a ban by state regulators, but it threatens any digital currencies.