Pavel Durov has raised $ 850 m in the pre-sale stage of an initial coin offering ( ICO ). The proceeds will go towards development of a first -generation blockchain called the Telegram Open Network , which is expected to offer more features than Ethereum and be larger in terms of scalability. It seems that the messaging app has successfully managed to clinch the first milestone thereby raising $850 million out of its proposed plans of raising $3-$5 billion, in total. The pre-sale initially aimed to raise $ 3bn-$5bn m but demand pushed it to $ 850 m, according to Bloomberg . Telegram aims to raise $ 600 in total.
Pavel Durov has raised $ 850 m in the pre-sale stage of an initial coin offering ( ICO ). The proceeds will go towards development of a first -generation blockchain called the Telegram Open Network , which is expected to offer more features than Ethereum and be larger in terms of scalability. The pre-sale initially aimed to raise $ 3bn-$5bn m but demand pushed it to $ 850 m, according to Bloomberg . Telegram aims to raise $ 600 in total.