Telegram to Unleash its ICO Set to be the Biggest Chat Cryptocurrency

Telegram doesn't sound alien to people who have access to android phones these days, especially for those how are into online biz. Am sure a lot of Steemit member can attest to the fact that telegram is already a mode of communication for the global cryptocurrency community

The encrypted messaging app has won many hearts with its sophisticated but yet easy to use platform.

But it seems this is just a starting point as the it has plans to roll out is own blockchin platform and a currency to go with. This soon to be launched cryptocurrency would be use to make payment and purchases on the telegram chat app and the world.

The third generation blockchain, which would be called "Telegram Open Network" or "TON" would have state of the art and second to none capability, such that no other existing crypto can match even bitcoin

This would be hard to achieve judging from the fact that telegram is already widely accepted and established. This would help raise the funds for driving this project, as it plans a massive Initial Coin Offerings (ICO) in private pre-sales running into hundreds and hundreds of millions ($500 million in the pre-ICO) making it among if not one of the largest in history. Telegram is confident that their user base organized structure would be an advantage to this ICO and block chain.

Telegram Co-founder and CEO Pavel Durov, who had had a rough ordeal with the Russian government for forcefully taking over his former brainchild "VK" this move would make him much happier, as this cryptocurrency would give the soon to be launched Telegram payment system absolute independence from government and banks.

The potential of this kind of cryptocurrency back by an already world accepted chat am is limitless, it means remittance fees can be avoided we sending money international etc etc.

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The proposed coin unlike other cryptocurrencies would be bought with fiat Currency eg US Dollar this makes it much easier to people to tap into this opportunity.

The New block chain would be based on telegrams 180 million membership which would make way for mainstream adoption

The Telegram currency would be called "Gram"

It would have its own block chain there by combining a centralized and decentralized system making it much faster an more secured

The Telegram wallet would hold but fiat and the Gram.

All this is set to happy as early as March or even earlier.

With that said, I would advice everyone to set aside some fund to acquire this coin in the ICO once it kicks off. I remember talking about blackcoin and how the price hike, so folks took advantage and now they smile to the bank.

For more check : TechCrunch