Fall has flown by, but the CryptoDo team continues to work at full speed. We haven't posted much content as we've been concentrating on project work and development - we want to get everything perfect first before announcing it to the world. But we assure you, we are working tirelessly, 24/7, to prepare one of the biggest launches in the history of web3 in collaboration with our partners at Magnet!🧲
✨When advanced technology combines with tremendous marketing opportunities, real magic happens!
Fall has flown by, but the CryptoDo team continues to work at full speed. We haven't posted much content as we've been concentrating on project work and development - we want to get everything perfect first before announcing it to the world. But we assure you, we are working tirelessly, 24/7, to prepare one of the biggest launches in the history of web3 in collaboration with our partners at Magnet!🧲
✨When advanced technology combines with tremendous marketing opportunities, real magic happens!
Telegram is a cloud-based instant messaging service that has been making rounds as a popular option for those who wish to keep their messages secure. Telegram boasts a collection of different features, but it’s best known for its ability to secure messages and media by encrypting them during transit; this prevents third-parties from snooping on messages easily. Let’s take a look at what Telegram can do and why you might want to use it.
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
