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Pavel Durov to Hold an ICO for Telegram

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Last month one of the former employees of the VK project, A. Rosenberg, announced that Pavel Durov intends to release his own tokens on the basis of the open network TON – Telegram Open Network. Now this news has confirmed and acquired additional information. It is believed that the TON network will relate to the third generation of blockchain technologies, as Bitcoin was the first one, while Ethereum is the second.

According to the data received by the TechCrunch publishing house, presale will be held initially at a cost of $500 million. This ICO will be held mainly among Pavel’s acquaintances, while for other companies, the minimum entry threshold will be limited to $20 million. Part of this policy is connected with the fact that Durov is afraid of actions on the part of the Russian government, which once, according to him, already exerted pressure on him, with the aim of facilitating the purchase of the social network VK by MailRu. 

It is also known that 4% of all tokens, which will be called Gram, will be used in favor of the Telegram team. In addition, under the management of P. Durov and the team, 52% of all tokens will remain to protect the digital asset from speculative trading. Other 44% will be distributed both publicly and privately.

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