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Cryptocurrency choices could hit a brand new peak with Telegram coin sale

It took Fb seven years to boost $1 billion from buyers. Uber did it in 5.

Messaging firm Telegram has been round since 2013 however by no means tried to boost important cash till late final 12 months. Now, due to an preliminary coin providing, it’s on observe to tug in $1 billion in simply 4 months — lengthy earlier than the product the corporate is elevating cash for is even constructed.

When programmers or entrepreneurs do a coin providing, what they’re actually doing is promoting their very own digital currencies to boost cash for software program they are saying they’re constructing. In return for actual cash, buyers obtain digital tokens, much like bitcoin.

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