Encrypted messaging service Telegram has raised its target for the upcoming ICO from $1.2 bln to $2 bln. The announcement came in the light of a recent report saying that organizers of possibly the largest public token sale event in history received over $3.8 bln worth of applications from potential investors. But despite the high interest from the public and unprecedented surge in demand from investors, there is almost no information coming from the official sources about the project, not to mention the team.
What we do know is that Telegram’s CEO Pavel Durov is planning to launch a blockchain network called Telegram Open Network (TON) as well as a Gram cryptocurrency to support it. And according to Bloomberg’s recent article “Crypto Junkies’ Favorite Messaging App Is Planning the Biggest ICO Ever,” the position of Chief Investment Adviser has been filled by John Hyman, capital investment veteran. If true, Durov’s ambitious project got an experienced professional on board who has an impressive track record.