Telegram’s announced ICO is going to become the biggest in the industry with a purpose to raise of $1.2 bln, with an ability to extend up to $2 bln according to latest reports. Crowd sale dates haven’t been announced yet. It scheduled to launch in March’18, as marked by different media. Even this hasn’t stopped shady persons taking the opportunity.
News about Telegram Open Network or TON, the Telegram ICO, first came at the end of December. The expectation was tangible. “Telegram currently, is main communication platform for the worldwide crypto community, making a natural home to its own coin and Blockchain,” TechCrunch’s authors wrote. At the same time, English and Russian versions of their whitepaper and investor schemes, including precise information about the ICO, were globally leaked on the internet.
That provided possible scammers with the two necessary conditions, such as hype and legal data — and various websites arise, offering possible instant investment opportunities.
“Gramtoken.io” in our opinion is the most notable scam. The webpage, which has gone offline, used data obtained from the fake whitepapers including the roadmap of the project, team members and so on. They posted their own copy of WP — which had been seeped already — to provide its potential buyers with a sense of its authenticity. The site’s tracker meant to have ‘raised’ more than $5 million before it has gone offline last week on Wednesday.
Some users on social media felt the need to highlight such webpage as investment opportunities and at the same time warning that they could be scammers. Possibly in search of traffic or favorable search positioning, a certain number of ICO tracking sites listed TON ICO and added more uncertainty.
Later, this week Telegram CEO Pavel Durov emailed us and answered that Gramtoken.io wasn’t associated with his company or with him.
A few weeks ago, when the first news about Telegram’s TON project surfaced, Pavel Durov recommended users to rely only on information from Telegram’s broadcast channel but he made no further comment other than responding to one question on Twitter.