Evaluating Telegram pre-ICO

[Jack]

We are evaluating Telegram's pre-ICO. 

Summary:

• Telegram is planning a $2bn ICO ($850m pre-ICO)
  
• Only ICO with global product behind it instead of just a whitepaper
  
• More than 170 million monthly users,
  
• Ambition is to create the TON platform and a cryptocurrency called Grams using it own blockchain.
  
• pre sales will be in Feb 2018, ICO in March 2018
  

Discussion document here.

[tpower]

Exciting times. Here is the whitepaper: https://tonico.io/whitepaper.pdf

[wazza]

How much do we need to raise between us?

[Beuntje]

Guys be carefull. This tonico might be a scam. They claim to have sold 394595 tokens



But if you check their contract address (0x88436C2A2f427F2aa641dFd8c6763facf2Bad7bf) this is not the case. The power of a public blockchain

[Nuri]

tonico.io was registered as domain 2 days ago yet they claim the funding started on the 10th.
Trying to access the whitepaper and doesn't load, I do believe it's a dodgy site trying to exploit people looking info for the telegram ico,

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Back to the ico:

$850m pre-sale in Feb 18 minimum buy-in $20 million

Doesn it mean we would need to pool 20M to participate in the pre ico? And they would only have a maximum of 42 pools (or privates)?

[Dinnis]

Yes minimum investment is $20m The tonico site is a scam as well as https://ton-gram.io/. I saw a tweet from Durov about it. Will link once I find it. You can download the whitepaper from here: https://toncoin.tech/

[Maria]

May be I misunderstood what I read in the source documents:
- TON platform is not a ready product and will be release by Q2 2019 (so at the moment it is just a whitepaper)
- $20M minimum entry: even if it is 60% discount it will be $6M!!! It seems something that only big wales can afford....with all risks related to that
- Assuming we enter, I understood that we can't sell before 30 months (1 year after they launch TON in major exchanges + 18 months lock up period for early investors). In this volatile market and regulations still to come and given the amount to invest I think having such a big amount locked up for so long it is very high risk.

I hope I misunderstood something.....