Telegram messaging wants to launch its own cryptocurrency
Encrypted messaging wants to raise at least 3.5 billion dollars through an ICO, these crypto-currency fundraising, to create its own blockchain platform.
The application Telegram intends to hit a big blow, launching its own cryptocurrency, called "gram", according to the specialized site TechCrunch. The encrypted messaging account and offer its 180 million active users the opportunity to exchange money via its chat application in a secure and low cost.
"Telegram Open Network" (TON), blockchain technology behind the "gram", could achieve 1 million transactions per second. A huge number when we know that only 7 transactions are possible today on bitcoin and 1500 on the ripple (the third cryptocurrency in terms of capitalization). In addition to providing a payment service, TON will support smart-contracts and identity verification.
The biggest ICO in history?
To finance this operation, the company plans to raise, initially, through a Pre-Initial Coin Offering (ICO), 500 million dollars with an entry ticket of about 20 million dollars. Then, in a second time, $ 3 to $ 5 billion from the general public. An operation that, if it were realized, would be the largest ICO in history, largely ahead of Tezos and its 230 million dollars.