Telegram to Raise $850 in Second Round of ICO

This amount is taken from the Pavel Durov's report to US SEC
30 March 2018   570

CEO Telegram Pavel Durov reported to the Securities and Exchange Commission (SEC) on attracting $ 850 million from 94 investors in the second phase of the closed ICO of TON project. The minimum investment amount was $ 1 million. The document is published on the SEC website.

Earlier in the pre-sale phase, Telegram attracted $ 850 million from 81 investors. At the pre-sale stage, some sources claimed that Telegram received bids for $ 3.8 billion.

The fact that Telegram will hold the second round of tokensale known at the end of February. On it the command of the messenger planned to collect up to $ 1.7 billion.

According to Vedomosti which refer to the investor, whose fund participated in the completed stage, the messenger plans to hold the third round of investments before the end of the year, but its terms are still unknown. The price of the token during the third round will be above $ 2, he assures.

According to the latest version of the whitepaper of the messenger, as early as the first quarter of 2018 the messenger should provide a service for external authentication of Telegram External Secure ID users - in the future, it will allow purchasing the cryptocurrency without additional personal confirmation. And in the II quarter of 2018, Telegram promised to launch testing of the minimum viable version of the TON blockchain platform.

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CFTC to Issue ICO Investor Advisory

Before buying coins, you need to thoroughly study their nature and understand what factors can affect their price, CFTC advises 
17 July 2018   116

The US Commodity Futures Trading Commission (CFTC) published a document with recommendations for potential investors in ICO projects and token buyers. This is reported by Coindesk.

The agency's document says that before buying coins, you need to thoroughly study their nature and understand what factors can affect their price.

Also, a potential buyer should remember that, depending on the structuring, some tokens can be derivatives, commodities or securities.

Buying digital coins or tokens only because you expect to sell them at a higher price later is the definition of speculation and carries considerable risk, regardless of how good a white paper, application or business plan sounds. Unfortunately, fraud is another significant risk to consider. Your best protection is to thoroughly research digital coins or tokens and exercise caution. 
 

CFTC ICO Advisory

The guide also states that before investing in the ICO, it is necessary to find information about the organizers of the project, and also to find out whether they themselves participate in their  ICO.

Representatives of the agency also refer to the study, according to which more than 50% of ICO start-ups ceased to exist during the first four months after the end of the token.