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RE: Telegram raises an insane $850M in its ICO presale
Yup, Charles makes some really good arguments for the bearish case for this ICO: https://tokeneconomy.co/a-ton-of-crap-b1e264c36802. Are you saying Telegram is only selling less than 50% of the supply?
Yes, I had read somewhere before TON will control 52% of supply. Only 48% will be sold. I am going to verify this now.
Only 44% of supply will be sold to investors. Institutionalized Pre-salers are getting a huge discount before the public is. Its likely to get dumped after it starts trading on exchanges. They are talking about a $2 Billion ICO with no working blockchain. They are making a huge amount of promises like 'fun fiction'.
Is the $2 billion ICO an extrapolation, i.e. they actually plan to sell 48% of supply, so they actually plan to raise 0.48 * $2 billion = $960 million?
The total amount raised keeps going higher in the pre-sale. In total with public sale up to $2 billion!
Btw, took a look at your blog. Love your stuff, gave a follow :)
Thanks. Great article. Did you post on ETH Trader?
Yup
Good. Community needs to know how shady of an ICO this is. You're currently #1 post on Ethtrader.
Oh yeah, $850 million ICO is catching everyone's attention :o