ICO Telegram received applications for $ 3.8 billion



    On January 18, at Geektimes , information appeared that Telegram, the company of Pavel Durov, plans to raise during the ICO not more than $ 600 million, as previously planned, but more than a billion US dollars. It is interesting that initially the information about Telegram's initial placement of tokens appeared on the network almost by accident - it was distributed by Anton Rosenberg, who had previously clashed with the Durovs.

    After this news was published, investment experts began to comment on it. For example, the head of the BitBull Capital fund, Joe Di Pasquale, said that the Telegram project looks risky. Therefore, the expert considered that he would collect hundreds of millions of dollars in the ICO of the messenger, but there was no need to talk about a billion. But, as it turned out, he was wrong. This is not about hundreds of millions of US dollars, but about billions.

    Today it became known that the collection of applications for the preliminary stage of the ICO has been completed, as reported by investment market participants close to the Telegram project. According to them, the demand is simply booming. So, at the preliminary stage, the company’s ICO collects $ 850 million, with applications filed for a four times larger amount, which is close to $ 3.8 billion.

    The excitement is so big that now companies whose applications for investment have not been approved by Telegram are ready to buy back the shares of those companies whose applications have been approved, but at a much higher price. Let me remind you that the company did not consider amounts below $ 20 million - those who could not provide a sufficient amount of funds were considered not to be a very serious partner. Well, now such "small" companies are still trying to get their share of the pie and offer to buy the "secondary" share 30-40% more expensive than the original amount.

    Several market participants said that approved allocations are already on sale, however, in secrecy. Durov already knows about all this, because on Sunday evening he wrote the following on his Twitter: “Let us know if you receive offers to purchase Grams.”

    Market participants were able to inform the cost of the Gram token. Early investors bought back tokens at 30 cents, but growth from $ 1.45 to $ 3.5 is expected in the future. Unfortunately, the origin of funds that offer redemption tokens is still unclear, and the size of their investments is unknown. There is still a fear to be made of scammers, who often pass themselves off as if not as Telegram representatives, then for investors who have received the approval of the company to provide investments.

    Earlier it was also reported that the application book for the preliminary ICO was simply crowded, so the company management refused a number of investment offers, including Russian ones. In many cases, investors applied for investments of larger amounts than they intended to invest. This was done in the hope that the organizers will reduce their shares. And indeed, in many cases this has happened. But the problem is that all payments approved for a preliminary ICO must be made before February 1.

    And since far from everyone can pay, some companies offer others to redeem their share. Telegram itself plans to spend the funds on the development of the new blockchain platform Telegram Open Network (TON). This system will be able to compete with Visa and Mastercard in the future.

    Runa Capital's senior investment manager Konstantin Vinogradov believes that reselling the company's tokens is a logical move. After all, they will rise in price, it is much more profitable for investors to pay a commission to the participants of the preliminary stage. True, this may go against the rules of the ICO, and the Etmu project team will obviously not be glad.

    An interesting point is that not investors of cryptotechnologies participate in the ICO Telegram, but traditional investors, this distinguishes the initial sale of Telegram tokens from all others. Usually, according to the founder of the Mytime blockchain platform (data sale) Eduard Gurinovich, crypto investors expect a tenfold annual return on investment. But traditional investors are quite happy with 100% growth - this is still profitability, which is impossible in the real sector.

    Now, not too large investors are gathering in groups, consolidating capital and pooling. Experts advise to study more information about the project, without investing until the release of a full press release.

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