Telegram's ICO Received $3.8B Worth Applications

Russian media with reference to anonymous source reports on huge demand around unconfirmed Telegram ICO
22 January 2018   2023

The web has information that the collection of applications for participation in the ICO of the Telegram has been completed. Initially, the organizers intend to raise $ 850 million, but the bids were eventually raised by $ 3.8 billion. This is reported by Russian media "Vedomosti".

According to "an employee of a venture fund familiar with ICO participants and a member of an investor syndicate who is going to invest in Telegram", the proposal caused an agiotage among investors. It is noted that those who could not invest at this stage intend to buy back shares from more successful funds in the future. Different interlocutors of the newspaper say about the premium reselling in 20-30%, and some believe that with $ 0.3 per token, the price may rise up to $ 3.5.

Approved by the owners of Telegram payments for pre-ICO should be held before February 1, Vedomosti's interlocutors added. The collected funds Telegram will spend on the future block-platform Telegram Open Network (TON).

In addition, on the evening of Sunday, January 21, Pavel Durov first mentioned the Gram Cryptocurrency in his Twitter.

It should be noted that Pavel Durov himself has not officially confirmed the information about the crowdsdale of the TON project, however, scammers have already appeared on the network offering users to buy the non-existent crypto currency of the Telegram messenger.

Earlier it became known that due to the excitement around the ICO of its project, TON Telegram was forced to turn down a number of investors. As an unnamed negotiator with the company's managers noted, Pavel Durov does not seek to attract Russian funds.

Round 1 of TOP Network IEO Ended in 7 sec

Initial exchange offering took place at Huobi Prime platform
26 March 2019   73

The initial exchange placement (IEO) of the TOP Network project on the Huobi Prime platform that started today attracted no less attention than the similar campaigns on the Binance Launchpad. This is evidenced by the speed with which all the tokens allocated for the first round were purchased.

A number of investors in social networks reported technical problems that prevented the purchase of tokens, which, as in the case of the Binance Launchpad, are likely to be caused by an excessive load on the stock exchange infrastructure during the crowdsale.

The next round starts at 3/26 21:30 UTC+8, despite the fact that users did not use the 20 minutes set aside for trading, TOP Network reports.

For the two following rounds, 450,000,000 TOP and 750,000,000 TOP were allocated, respectively.