Telegram

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Telegram
Telegram Messenger.jpg
Founded August 14, 2013
Headquarters Dubai, UAE
Key People Pavel Durov, Andrei Soldatov
Products Telegram messenger app
Twitter @telegram
Website telegram.org

Telegram is a messaging platform based in Dubai. It was originally developed in St. Petersburg, Russia, but the team moved to Dubai due to issues with Russian IT privacy policy.[1]

It is considered the preferred messaging platform by individuals in the cryptocurrency space, mostly due to its commitment to privacy and excellent security.[2]

Telegram ICO

In 2018, Telegram raised $1.7 billion in four months through an initial coin offering. The aim of the ICO was to raise funds for the creation of the Telegram Open Network (TON), a digital network that would allow users of Telegram to send payments across international borders. Promotional materials of the ICO said that 5 billion Grams will initially be released to users once the network goes live. Investors would be paid $0.37 per token, according to the document. The developers of TON reportedly worked with the Wall Street law firm Skadden, Arps, Slate, Meagher & Flom. Some of TON's initial investors include Silicon Valley firms Benchmark, Sequoia Capital, and Kleiner Perkins.[3]

In February 2019, Telegram sent a message to its investors saying that the network was 90 percent done, and that it would hopefully have some version of the system out within a few months.[4]

References