Re:SEC halts Telegram's $1.7B token offering
by shanecoin on Friday October 11, 2019 @09:32PM
(#21229938)
To take advantage of the ICO hype. Telegram could never have raised $1.7B in different, more traditional medium.
Re:SEC halts Telegram's $1.7B token offering
by treelovinhippie on Friday October 11, 2019 @09:34PM
(#21229949)
I dunno, someone like Softbank would have happily thrown that their way.
Re:SEC halts Telegram's $1.7B token offering
by elchupanebre on Saturday October 12, 2019 @04:51AM
(#21231583)
It's unlikely that one Ponzi scheme will invest into another.
Re:SEC halts Telegram's $1.7B token offering
by SahAssar on Monday October 14, 2019 @02:15PM
(#21251151)
Without any equity and preferred shares? no.
The point is that the investors could dump their tokens onto clueless FOMOers on public exchanges. That doesn't work with traditional equity investment (see WeWork IPO).
Re:SEC halts Telegram's $1.7B token offering
by elchupanebre on Saturday October 12, 2019 @04:50AM
(#21231581)
They already raised $1.7B (and spent a good chunk of it, $280M by Jan 31 2019, probably $0.5B by now). Those who gave them money need a grater fool to buy the tokens from them. Otherwise the fun cannot continue. Someone will have to pay.
> without having to exit to fiat
Last time I checked one cannot buy yachts and private jets for crypto.
Though like all of these private token sales, it's a great way for crypto whales to multiply their imaginary wealth without having to exit to fiat and pay taxes.