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Telegram Plans ICO

The encrypted messaging service plans to launch its own blockchain platform and native currency.

Editor’s Remarks: Telegram, founded by the elusive Pavel and Nikolai Durov, is looking to launch an ICO at a valuation of $3bn-$5bn. An initial private pre-sale is set to take place soon, which will raise up to $500m, before the public sale that is pencilled in for as early as March. Accordingly, Telegram’s ICO will be the largest ever, beating even Tezos last year, which raised over $230m last July. It is expected that the initial pre-sale will require a minimum buy-in of $20m and will largely be available only to the Durovs’ inner circle.

Read more on Instant Messaging

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