Telegram To Launch Its Own Cryptocurrency, Called "Gram", ICO Planned For March

According to a story published on TechCrunch hours ago, Telegram, the popular chat app, plans to launch its own cryptocurrency which will be used for making payments to the users using the app. The token will be called "Gram", the blockchain "TON" (Telegram Open Network) and the target for ICO will be at least $500 million, but with an upper cap between $3 and $5 billion, according to the same source.

TechCrunch claims to have reviewed parts of a 132 pages long white paper (that would be one of the biggest white papers that I know of so far) and, based on their review, Telegram aims to pivot towards a "WeChat" similar business model, in which everything will happen in one place.

At the moment of writing, there was no mention of this new blockchain on Telegram's website, nor in its Twitter account.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me Hive account@dragosroua.

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