ICO Telegram Open Network is heralded with high hopes. With hundreds of millions of users, Telegram is an ideal investor and has a leaky ICO whitepaper prior to the start of crowdsale, resulting in rumors that many investors are eagerly awaiting the launch of TON. Unfortunately, this is not because sales can be the most selective ICO for a long time.
The company raised $ 850 million in the first phase of their crowdsale and has announced the second phase by targeting $ 850 million. No sales are open to the public. According to the contract for sale, investors are net from international sanctions. These are people prohibited by the European Union, the United States, the United Kingdom or any other country that opposes the sale of public tokens.
Interestingly, ICO forbids the relatives of such persons to participate in the sale. Countries under international sanctions such as Cuba, North Korea, Iran and Crimea are also excluded.
The company went further with a meticulous KYC process requiring investors to provide passports showing home countries and residence and banking documents to ensure that only qualified investors participate in sales to avoid problems with the regulator after raising an unprecedented amount previous.
Although interested in TON ICO, closed sales is the best choice of companies to monitor who investors are to avoid future conflicts. However, tokens will likely be available when listed on the exchange after ICO. On the exchange, TON will be available for public trading.
TON plans to create a virtual marketplace comprising a decentralized platform that offers storage, VPN, and smart contracting that can be a real challenge for Ethereum.