Telegram cancels plan for public ICO after raising $1.7B in presales

By Duncan Riley

Others are more skeptical yet. Analyst Jason Bloomberg on Forbes called the ICO a “scam among cryptocurrency scams,” claiming that the fundraising was nothing more than an attempt by a company with zero revenue to continue trading. “Telegram has no viable business model, as it makes no money – on purpose,” he added.

Read the entire article at https://siliconangle.com/blog/2018/05/02/telegram-cancels-plan-public-ico-raising-1-7b-presales/

SHARE THIS:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.