Telegram Holds A Second Secret Presale

Telegram Holds A Second Secret Presale

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February 23, 2018 by Bitzamp
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Telegram Holds A Second Secret Presale In recent months, the CEO of Telegram has convinced 81 investors, including Silicon Valley Sequoia Capital Giants and Benchmark, to offer him 850 million dollars in a presale of his company’s cryptocurrency in advance of ICO. Now he’s trying to raise more money around the corner in a second
Bitzamp

Telegram Holds A Second Secret Presale
In recent months, the CEO of Telegram has convinced 81 investors, including Silicon Valley Sequoia Capital Giants and Benchmark, to offer him 850 million dollars in a presale of his company’s cryptocurrency in advance of ICO. Now he’s trying to raise more money around the corner in a second secret presale according to reports by verge.

Also Read: Telegram Sets Fund Raising Record in ICO Pre-Sale

“This week, the investors receives email explaining that the telegram is making another private presale. According to sources Telegram is estimating it will be around the same size as the first round, which would bring the total raised to over $1.6 billion before the ICO even opens up to the general public.”

The company should use the funds raised by the ICO which is a kind of crypto-twist on the process of the initial public offering to build a protocol that would rival the Ethereum plaque-form. The Telegram Open Network (TON) will host a new generation of crypto-currencies and decentralized applications, according to Business Insider. There is a lock-up for the ICO, which does not pass its TOKS, or Grams, before December 2018, at the earliest. The Company does not expect these to be listed on a major stock exchange until 2019.

“This is a high-risk, high-reward bet,” said Joe DiPasquale, founder of BitBull Capital, a crypto fund of funds, which is about to oversee $ 20 million of capital. “And the risk of having the money locked up for a launch year, and up to 18 months after launch – I have personally made the decision to stay on the sidelines.”
Not to mention that the crypto-market has seen a big decline since the beginning of the year. The entire market for digital numbers is lower than where it was at the beginning of 2018.


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