The Wall Street Journal (WSJ) reported today, May 2, that Telegram’s plan to launch an Initial Coin Offering (ICO) has been scrapped. The fact that the messaging app raised enough money already through their two private ICO rounds was cited as the reason for the decision.
An unnamed source told the WSJ that Telegram has decided not to hold the planned ICO for the public after bringing in a total of $1.7 bln by mid-March, with 81 accredited investors taking part in the first ICO round and 84 in the second.