Messaging app Telegraph has released a white paper detailing its ambitious plans to launch the Telegraph Mobile Network , a platform to rival Ethereum , offering its apps and services based on a type of stake blockchain . Telegraph revealed details of its initial coin offering , which aims to raise a record - breaking $ 1.2bn with a $ 600 m 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 . It will also consist of “Instant Hypercube Routing” designed so the blockchain can maintain top speed even as it grows. Telegraph aims to release a stable version of its platform by late 2018 and take it live in Q2 2019 .
Messaging app Telegraph has released a white paper detailing its ambitious plans to launch the Telegraph Mobile Network , a platform to rival Ethereum , offering its apps and services based on a type of stake blockchain . Telegraph revealed details of its initial coin offering , which aims to raise a record - breaking $ 1.2bn with a $ 600 m 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 . Telegraph aims to release a stable version of its platform by late 2018 and take it live in Q2 2019 .