Crypto Junkies’ Favorite Messaging App Is Planning the Biggest ICO Ever
Photographer: Chris Ratcliffe/Bloomberg
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Encrypted messaging service Telegram Inc. is planning the largest, and by some measures most ambitious, initial coin offering ever.
Telegram, which last year became the main hub for cryptocurrency watchers and investors, is planning to raise $600 million in a private sale of tokens to use in its Telegram Open Network blockchain before February 2018 and an additional $600 million in a public sale of tokens starting march, according to an investor proposal seen by Bloomberg News.