The organizer of Telegram's ICO may refuse to hold a public ICO, which was scheduled for March. It is expected that the necessary amount of $ 3 billion Telegram can raise during the closed sale of their Gram tokens, which will make the need for a public campaign to disappear by itself. This is reported by Russian issue RBK with reference to two presentations for potential investors.
In presentations on behalf of venture funds iTechCapital and Da Vinci Capital, investors are invited to participate in the second part of the closed token.
They even have the opportunity to raise all the amount they need, even with a closed placement - there are a lot of offers from investors. Moreover, they can now refuse "unsuitable" investors, which can not turn out for public placement.
It is also known that by the second round of the campaign, the price of the token has grown significantly. If in the first stages it was $ 0.38, then in the documents for the current round it is said about the cost of $ 1.1- $ 1.45.
A total of 5 billion Gram will be issued. More than half of this number will be distributed among investors, 4% - reserved for developers, and the unsold portion will be retained as a reserve.