Telegram ICO (TON) Leaked Whitepaper Reveals Ambitious Plans The team behind Telegram is planning to launch a blockchain network and platform which is aimed at solving the shortcomings of existing cryptocurrencies like Bitcoin and Ethereum.
As outlined in the document, Telegram is aiming to raise as much as $500 million dollars in a pre-sale ICO. The fundraising could begin as early as March this year.
Among other things, the Telegram Open Network cryptocurrency will be used to facilitate payments and microtransactions between its 180 million users.
Meanwhile, Telegram – founded by Russian entrepreneur and VK founder Pavel Durov – is hardly the only messaging platform working on its own cryptocurrency. Rival Kik has similarly announced its own blockchain-powered token, KIN.
Stay tuned for the launch of our new channel, Hard Fork, where we will be taking a deep dive into everything cryptocurrency and blockchain more often these days.