Translated material
Telegram may refuse public ICO
reports on Thursday, March 1 The public ICO (initial placement of cryptocurrency coins or tokens) of Pavel Durov's Telegram Open Network project may not take place, RBC .
Instead, the company is ready to limit itself to two closed investment rounds among investors and allocate part of the tokens to the Telegram Open Network development team. RBC writes that Durov's company plans to raise up to $3 billion. Telegram Open Network can issue 5 billion Gram tokens, of which 52-54% will be distributed among investors of the first and second rounds of the closed sale of tokens, another 4% will be allocated to the company's developers. The rest will be kept as a reserve.
The public ICO of the Telegram Open Network project was expected in March. Earlier it was reported that venture funds received an invitation to participate in the second round of the ICO, and they were offered to attract their shareholders to the ICO.
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