Telegram raised $ 1.7 billion within the ICO of TON

The blockchain project of Telegram messenger attracted $ 1.7 billion in two rounds of ICO. This was announced by the project's founder, Pavel Durov, reporting to the US Securities and Exchange Commission. In the second round, $ 850 million was raised. The minimum investment of investors was $ 1 million.

In the first round, it was also possible to raise $ 850 million from 81 investors. Also, the third round is expected, within which the price of the token will increase from $ 1.33 of the second stage to about $ 2.2.

Apparently, Durov is raising funds only from trusted investors to minimize his risks in terms of the legitimacy of the project. Therefore, open sale of TON tokens is not planned yet. It is not yet clear about the tools of payment which will be used.

BTC Price Alert: In spite of positive news about institutional investors coming in BTC, the price is moving down. The team is working to find the reasons.
1. One of them is someone dumped 20K BTC causing the dip.
2. US imposes sanctions against Russian oligarchs and government officials. This includes 200 top russian officials.

As of now the prices are expected to dip further to levels of $6560.

The power that local governments have over IT corporations is based on money. At any given moment, a government can crash their stocks by threatening to block revenue streams from its markets and thus force these companies to do strange things (remember how last year Apple moved iCloud servers to China).

At Telegram, we have the luxury of not caring about revenue streams or ad sales. Privacy is not for sale, and human rights should not be compromised out of fear or greed.