Pavel Durov aims to raise $1.2 billion on the Telegram ICO. Two sources familiar with the token sale details confirmed this information.
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Two market sources who look into participating in the Telegram ICO, confirmed the information that was obtained by Yoken. According to this info, Pavel Durov, the founder of Telegram, aims to raise $600 million on pre-sale and another $600 million on the public token sale.
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The minimum purchase on pre-sale will be $20 million. Lock-up period during which the investors won’t be able to sell tokens is set up to 2.5 years, according to sources.
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The things on crypto market change fast. However, in December 2017, a video describing the idea of token for Telegram users was leaked online. Earlier Pavel Durov has said to Bloomberg that he’s planning to announce “something big” in the new year.