Telegram Cancels Public ICO After Raising $1.7 Billion in Presale


Encrypted messaging app Telegram has decided against holding a public initial coin offering (ICO) to fund the development of its “third-generation blockchain.” Citing sources familiar with the matter, the Wall Street Journal reports that the Pavel Durov-led firm determined that it is pleased with the $1.7 billion it had raised for the Telegram Open Network

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Posted by Josiah Wilmoth on May 2, 2018 @ https://www.ccn.com/telegram-cancels-public-ico-after-raising-1-7-billion-in-presale/

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