Messaging app Telegraph has released a white paper detailing its ambitious plans to develop the Telegraph Open Network, a platform to rival Ethereum, offering decentralised apps and services based on a proof of stake blockchain. The public sale is pegged at $600 million, which would make the overall ICO worth $1.2 billion. Telegraph revealed details of its initial coin offering, which aims to raise a record-breaking $1.2bn with a $600m pre-sale of Grams tokens for invitation-only investors that boasts discounts of up to 70% already under way, to be followed by a public sale in March. The company is also working towards building an open source messaging app, called Telegram, that will allow users to send messages directly from their smartphones.
Messaging app Telegraph has released a white paper detailing its ambitious plans to develop the Telegraph Open Network, a platform to rival Ethereum, offering decentralised apps and services based on a proof of stake blockchain. Telegraph revealed details of its initial coin offering, which aims to raise a record-breaking $1.2bn with a $600m pre-sale of Grams tokens for invitation-only investors that boasts discounts of up to 70% already under way, to be followed by a public sale in March. The company is also working towards building an open source messaging app, called Telegram, that will allow users to send messages directly from their smartphones.