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Telegram’s Pre-Sale Raises Nearly $1 Billion

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February 21, 2018 | 

Joanna Newman |  0 Comments| 

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Having made plans to launch a new cryptocurrency at the beginning of 2018, brothers Pavel and Nikolai Durov, founders of Telegram, an encrypted messaging network, have now launched their pre-sale and it’s already beating records.

A Pre-Sale Like No Other


In the history of all pre-sales, Telegram’s has broken a record. According to a document shared by the Securities and Exchange Commission (SEC), the pre-sale was open to 81 investors and due to a high demand, the sale ended up raising far more than ever expected. Instead of raising $600 million, the total amount came much closer to $850 million. With just their pre-sale, the company came close to hitting the billion-dollar mark, which exceeds by far all other pre-sale records.

A New and Innovative Project: TON


TON or Telegram Open Network is a third-generation blockchain platform. To highlight and share their vision, Nikolai Durov has created a 132-page white paper. The paper’s goal is to provide the detailed information about the project, blockchain technology, peer-to-peer trading and distributed storage services.

Above all, Telegram Open Network is a secure and fast blockchain that was designed to process millions of transactions. It is the combination of several different components, namely a flexible multi-blockchain platform, a peer-to-peer network, a distributed registry and a payment service.

https://www.youtube.com/watch?v=3O-jnS72gY4

With TON, there are several different blockchains. First, there is the Master Chain and then there are several secondary chains. The system is basically one blockchain divided into 292 mini blockchains. Also, Telegram’s blockchain will use what is called the “infinite sharding paradigm”, which allows the mini-blockchains to regroup or split as needed. Telegram plans to process even more transactions than Bitcoin (17 transactions per second) and Ethereum (15 transactions per second). For this, it plans to offer decentralized blocks on an already decentralized network.

At one time, Telegram had also thought of combining centralized infrastructures with decentralized networks because decentralized networks tend to evolve much slower than centralized networks. Finally, they came up with the idea of multiple blockchains and now, the idea seems to be catching on.

The Forecast for Telegram


In March, Telegram will finally launch their ICO. And, although estimates have not yet been made public, Bloomberg has suggested that the public sale should rake in at least $1.15 billion, bringing the total of funds raised up to $2 billion USD. This will make Telegram’s ICO the biggest and most profitable ICO of all time.



During 2018’s second quarter, an MVP version of Telegram Open Network will be launched and during the year’s final quarter, Telegram’s wallet service will be made available to the public. According to some guesses, the release date for the TON service should be sometime in 2019. Still, before this can happen, Telegram must first develop the technology that it has promised.

Still, there is still a long way to go for Telegram. Even with 100 million users, to become number one, you must convince the entire world. But, first, the company needs to clean up its reputation which has been sullied by allegations of child pornography and abetting terrorist networks, which have caused the company to be banned from the App Store.

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