The popular messenger Telegram refused to hold a public ICO, the Wall Street Journal reports referring to a source familiar with the situation.
Telegram raised enough funds from a small group of private investors, and the founder of the messenger Pavel Durov considered that there was no need for an open campaign for the general public.
In total, in two rounds, the last of which was closed at the end of March, Telegram raised $ 1.7 billion.
The fact that the messenger can refuse from the public ICO, was reported as early as March.
Telegram Open Network (TON) was declared as a "blockchain of the third generation" after Bitcoin and Ethereum. For internal user payments, Gram tokens will be used in it.