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Two men pose with smartphones in front of a screen showing the Telegram logos in this picture illustration taken in Zenica, Bosnia and Herzegovina November 18, 2015. The mobile messaging service Telegram, created by the exiled founder of Russia's most popular social network site, has emerged as an important new promotional and recruitment platform for Islamic State. The service, set up two years ago, has caught on in many corners of the globe as an ultra-secure way to quickly upload and share videos, texts and voice messages. It counts 60 million active users around the world. Picture taken November 18.

Telegram could net the biggest ICO ever at $2.6 billion

$2.6 billion

Messaging app Telegram is barreling towards a record $2.6 billion initial coin offering as early adopters buy up and cash out on the high-profile crypto asset.

Published   |  Photo by Reuters/Dado Ruvic
Two men pose with smartphones in front of a screen showing the Telegram logos in this picture illustration taken in Zenica, Bosnia and Herzegovina November 18, 2015. The mobile messaging service Telegram, created by the exiled founder of Russia's most popular social network site, has emerged as an important new promotional and recruitment platform for Islamic State. The service, set up two years ago, has caught on in many corners of the globe as an ultra-secure way to quickly upload and share videos, texts and voice messages. It counts 60 million active users around the world. Picture taken November 18.
$2.6 billion

The initial valuation of Telegram’s yet-to-be-issued GRAM yielded an average $0.38 per token. It’s already surpassed that value at $1.45 per token—and could go far higher.

Two men pose with smartphones in front of a screen showing the Telegram logos in this picture illustration taken in Zenica, Bosnia and Herzegovina November 18, 2015. The mobile messaging service Telegram, created by the exiled founder of Russia's most popular social network site, has emerged as an important new promotional and recruitment platform for Islamic State. The service, set up two years ago, has caught on in many corners of the globe as an ultra-secure way to quickly upload and share videos, texts and voice messages. It counts 60 million active users around the world. Picture taken November 18.
$2.6 billion

Telegram also plans to support GRAM with its own blockchain model. Bitcoin and ethereum manage dozens of transactions per second; Telegram says it could do millions.

Two men pose with smartphones in front of a screen showing the Telegram logos in this picture illustration taken in Zenica, Bosnia and Herzegovina November 18, 2015. The mobile messaging service Telegram, created by the exiled founder of Russia's most popular social network site, has emerged as an important new promotional and recruitment platform for Islamic State. The service, set up two years ago, has caught on in many corners of the globe as an ultra-secure way to quickly upload and share videos, texts and voice messages. It counts 60 million active users around the world. Picture taken November 18.
$2.6 billion

The digital gold rush is also spawning plenty of scammers. Just last week, CoinDesk outed nine websites claiming to sell GRAM for roughly $1 per token.

Two men pose with smartphones in front of a screen showing the Telegram logos in this picture illustration taken in Zenica, Bosnia and Herzegovina November 18, 2015. The mobile messaging service Telegram, created by the exiled founder of Russia's most popular social network site, has emerged as an important new promotional and recruitment platform for Islamic State. The service, set up two years ago, has caught on in many corners of the globe as an ultra-secure way to quickly upload and share videos, texts and voice messages. It counts 60 million active users around the world. Picture taken November 18.
$2.6 billion

Early private-round investors have already flipped millions of dollars in GRAM ahead of Telegram’s public crypto sale, though many are holding onto some assets.

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