There held negotiations with the company and asked

There has been various hints and rumors surrounding the release and sales of Telegram tokens. Telegram is a popular social media encrypted messaging application which has been planning to launch its ICO for quite sometime now. The rumors have been confirmed, the plans for the launching, as well as the token price.The company’s founder Pavel Durov wants to develop a payment platform using a multi-blockchain architecture that aims to compete with Visa Inc. and Mastercard Inc. The tokens sold by the company will be called “Grams.”With this new technology, Telegram expects to bring digital assets to the mainstream, according to the offering proposals. The Russian Entrepreneur has distanced himself from Russia after refusing the demands of the security services to decrypt users’ communications and ceding his social network to billionaire Alisher Usmanov.The company is seeking $850 million in a private sale of tokens to large investors this month and $1.15 billion in a subsequent public ICO in March. The information was disclosed by people who held negotiations with the company and asked not to be identified. The messaging service, used as a hub by the cryptocurrency market, previously sought to raise a total $1.2 billion, but now the company is aiming to go for a bigger claims that their sources has revealed a road map for the growth of this cryptocurrency. The roadmap claims that the development of a stable network, as well as the launch of the Telegram wallet will all take place in the year 2018. The source has also revealed that the Telegram ICO will launch in March 2018.Another source revealed that, the ICO started in January and will have a second phase in March 2018. Participants in the offering will be investing in what is known as a Simple Agreement for Future Tokens, or a contract that secures the right to receive tokens once they’re listed in cryptocurrency exchanges.More details on the Telegram Open Network were revealed in a leaked video – which gives us a peep into the plans of the company for the future of telegram and where it stands. Most importantly, the video also talks about how the Telegram Open Network would function.More information on the Gram cryptocurrency from the same source indicates that the token supply will be in multiple Billions. Upon launch, each ‘Gram’ will be priced in at $1.20. Moreover, Telegram is planning on introducing various other services such as a wallet, a decentralized DNS, an exchange, VPN as well as support for decentralized applications.Interestingly, this is not the first time a social media application is releasing their cryptocurrency. In the past, similar attempts have been made by Kik as it managed to raised $100 Million upon launch. Signal, too is planning to release a ‘MobileCoin’ in the near future.  


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