ICO news – Can Telegram provide good returns to its investors after raising $ 1.2 billion? Telegram is unquestionably one of the biggest ICOs till date. It has raised around $1.2 billion from investors. It remains to be seen whether it is able to provide good returns after raising such a hefty amount.
One of the biggest ICO of all time:
By raising $ 1.2 billion, Telegram actually became the largest ICO of all time. This is the reason why investors are trying to figure out if indeed, it can provide a positive return in the time to come.
Many of the critics are actually are skeptical about it. They think that it is highly ambitious for the company to raise $ 1.2 billion. Also, some of the experts think that Telegram is just trying to cash in on the blockchain hype.
$ 850 million in presale:
Ever since 2013, the company has been trying to raise money. However, with the help of the presale before the ICO, it was able to raise $ 850 million. Now that the company has managed to raise in total $ 1.2 billion, the company would not face any cash crunch during the daily operations. This ensures that it would be able to execute its strategy quite easily.
The company plans to scale up to 2 billion users. If indeed, it is able to achieve those numbers, it would be able to increase its value manifold. According to some estimates, as much as 0.6 million users join the platform on a daily basis. This is astronomical growth.
On the other hand, even after raising $ 1.2 million, this is not the biggest ICO yet. The biggest ICO is that of EOS which managed to raise around $ 2 billion. Telegram ICO can be considered as the 2nd largest ICO of all time.
With the ICO market is changing, you can be sure that with the increase in the number of cryptocurrency investors, the amount of money which can be raised would also increase. It remains to be seen whether proper due diligence is undertaken by the investors or not. Sure enough, the bigger investors would be able to research about the companies easily but the same cannot be said about the smaller investors. This is the reason why the ICO market is actually becoming more and more risky.
It remains to be seen whether Telegram is able to provide greater returns to the investors in the future.