Pavel Durov Plans One of the Largest ICOs Ever 324

Павел Дуров планирует одно из крупнейших ICO в истории

According to TechCrunch, founder of Telegram wants to launch a blockchain platform and a cryptocurrency. The project aims to raise as much as half a billion dollars only at the pre sale.

TechCrunch reports that Pavel Durov plans to launch a “third generation” blockchain platform based on the messenger. This solution will allow to make payments in Telegram. The platform Telegram Open Network will use its own cryptocurrency Gram.

Telegram plans to attract around $500 million from investment funds and large enterprises. The total cost of tokens can reach $3 – $5 billion.

According to TechCrunch, Telegram developers aim to finance the creation of messenger’s own blockchain platform and cryptocurrency that will allow not to depend on governments and banks.  

This fact is rather important for Telegram as the company is struggling for a free communication without any control of state authorities.

It is also said that the ICO will accept only fiat money with a fixed price, for example USD. Cryptocurrency will not be accepted. There will be only 44% Gram available for sale and Telegram will keep the controlling share of its digital currency.

There have been rumors about Pavel Durov launching the ICO since the end of 2017.

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Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

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Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

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