Telegram plans to spend more than $100 million of its mega-ICO on salaries, offices, and consultants

Telegram plans to spend more than $100 million of its mega-ICO on salaries, offices, and consultants

The chat app Telegram hopes to raise up to $1.2 billion in an initial coin offering (ICO), according to Business Insider. This would make it the largest one-off fundraising using the cryptocurrency-based mechanism to date. What will Telegram do with the money? According to documents outlining the ICO seen by Quartz, Telegram plans to spend…