The Telegram Gram Offering in Hindsight

In May 2018, Telegram, the ubiquitous messaging platform with end-to-end encryption, held a landmark initial coin offering (ICO) in history. The ICO aimed to raise funds for the development of telegram 官网 下载's blockchain platform, called TON (The Open Network). The primary focus of the ICO was the native cryptocurrency, which was supposed to be the native cryptocurrency of the TON ecosystem.

Telegram's co-founder and CEO, Pavel Durov, had announced the plans for Telegram Open Network in the following year, and the company raised an astonishing $1.7 billion through the ICO. The funds were raised over a period of about two months, during which time Telegram sold TON tokens to over 1 billion registered investors from all over the world.

At that time, the native cryptocurrency was expected to become a widely accepted and used cryptocurrency in the TON ecosystem.