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Telegram, chat app, eyes major $1.2 Billion ICO

Telegram, a cloud-based mobile and desktop messaging app, is planning to launch ICO for its blockchain system called “Telegram Open Network” (TON), which will be a part of its app and will trade new cryptocurrency called “Gram,” according to TechCrunch.

The initial coin offering (ICO) is expected to be one of the largest – and maybe the largest – ever.

Unlike WhatsApp, Telegram is a cloud-based messenger with seamless sync. Telegram for iOS was launched on August 14, 2013.

So far, according to Bitcoin Market Journal, the biggest ICOs Filecoin ($257 million), Tezos ($232 million), and EOS ($185 million).

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