The world is crazed about cryptocurrencies, and it is a good thing especially since we are heading to a place where you can use them as payment methods. As the world is introduced to numerous types of cryptocurrencies as time goes by, none of them has ever shaken the world like the announcement by Telegram to launch Telegram ICO for chat cryptocurrency. This news has taken the internet like a storm, and everyone is talking about it.
Here is what you need to know about this!
Telegram, which is one of the most popular companies offering a messaging app, is determined to raise a total of $1.2 billion through crypto token sales. They are planning to have 5 Billion tokens in circulation. The ICO has been described as the most ambitious one ever reported in the world. This is a move that many people are wondering how it will be accomplished. But when you look at the statistic, you will realize that it is achievable.
As it stands, Telegram is one of the most popular messaging apps we have. It has over 200 million users, and the grams are focused on getting the users involved. This means that it can achieve its target easily.
TON will be an amalgam of 2 blockchains.
How many grams will be created by Telegram?
Telegram is set to make a total of five billion gram tokens. Out of these, the development will have their shares set aside for them; a total of 200 million. A minimum of 52% of the shares will be held by the company so that it can have the controlling power of the cryptocurrency.
When will this happen?
The sale of the gram tokens is scheduled to take place within the first quarter of this year. This means that every participant is supposed to ready themselves so that they do not miss the opportunity. It is an ample time for all to prepare and invest in this new cryptocurrency that has a very brilliant future in the market.
How will the ICO distribute the grams to the buyers?
Telegram Company has developed its blockchain, and it is called Telegram Open Network. The buyers will receive their grams tokens via the blockchain, and through the wallet software, it has created for the same purpose.
Telegram is a company that is breaking new grounds, and from the look of things, it is going to do it successfully. Therefore, you must make it a point to invest in grams if you can.
People are highly interested in investing in TON project. Let's hope we get to hear something from the team itself.
HYPE: A Lot
HARD CAP: Definitely high
TON's Whitepaper can be read here