The blockchain project of Telegram messenger attracted $ 1.7 billion in two rounds of ICO. This was announced by the project’s founder, Pavel Durov, reporting to the US Securities and Exchange Commission. In the second round, $ 850 million was raised. The minimum investment of investors was $ 1 million.
In the first round, it was also possible to raise $ 850 million from 81 investors. Also, the third round is expected, within which the price of the token will increase from $ 1.33 of the second stage to about $ 2.2.
Apparently, Durov is raising funds only from trusted investors to minimize his risks in terms of the legitimacy of the project. Therefore, open sale of TON tokens is not planned yet. It is not yet clear about the tools of payment which will be used.