Telegram Open Network may refuse to hold a public ICO. The company is ready to conduct a closed sale of tokens among a small number of investors and attracted the "iTechCapital" and "Da Vinci Capital" funds for their search. The public ICO (initial coin offering - the initial placement of coins of cryptocurrency or tokens that give their owners certain rights) of the project of the Telegram Open Network (TON) by Pavel Durov, which was expected in March, may not take place. The company is ready to confine itself to two closed investment rounds among qualified investors, and to allocate a part of the tokens to the development team of TON. This follows from two presentations for potential investors. These are materials in which on behalf of venture funds "iTechCapital" and "Da Vinci Capital" investors are invited to participate in the ongoing second round of the closed sale of TON tokens. Three investors confirmed their authenticity.
ICO messenger Telegram, has not yet officially begun, but already set an absolute record on the size of the collected investments. Founder Telegram Pavel Durov reported to the Securities and Exchange Commission (SEC) about attracting of $ 850 million from 81 investors. According to reports, two companies registered in the British Virgin Islands – "Telegram Group Inc." and "TON Issuer Inc.", managed by the brothers Pavel and Nikolay Durov, provided the placement of securities. The receipt of investments began on January 29 and ended on February 13, with the amount of applications received exceeded the planned amount by more than 6 times: instead of $ 600 million, investors expressed a desire to invest $ 3.8 billion in a messenger and payment network on the TON project. As a result, applications for $ 850 million were approved.
The creator of VKontakte and Telegram Pavel Durov is preparing to release his own cryptocurrency under the name Gram, said a former employee of VKontakte and subordinate Durov Anton Rosenberg. He believes that in this way Durov will begin to monetize the messenger "Telegram" and provide Asian countries with a digital payment system.The new project will be called TON (Telegram Open Network) - there is already the first promo in the style of "Star Wars". The platform will be integrated with many of the most popular messaging applications (not yet determined which ones). TON will use the so-called "light wallets", and its currency is called Gram.