Now it’s official. According to Russian news daily Vedomosti, a notice has been submitted by Mr Durov to the SEC (US Securities and Exchange Commission) stating that he raised $850 mln from the investors.
Curiously enough, although expected, it is by no means the ICO proper. The sell-off was done for fiat money, and the purchasing of “securities” implies they are to be used in future token distributions. Well, a solid scheme. It has nearly nothing to do with the world of crypto enthusiasts though. :D Not that it is a bad thing. Business is better off dealing with dollars and euros than cryptocurrencies and is best off not selling company shares but gems in Clash of...sorry, my bad, grams.
https://www.vedomosti.ru/technology/articles/2018/02/16/751315-abramovich-telegram
P.S. https://www.sec.gov/Archives/edgar/data/1729650/000095017218000030/0000950172-18-000030-index.htm - original report.
Curiously enough, although expected, it is by no means the ICO proper. The sell-off was done for fiat money, and the purchasing of “securities” implies they are to be used in future token distributions. Well, a solid scheme. It has nearly nothing to do with the world of crypto enthusiasts though. :D Not that it is a bad thing. Business is better off dealing with dollars and euros than cryptocurrencies and is best off not selling company shares but gems in Clash of...sorry, my bad, grams.
https://www.vedomosti.ru/technology/articles/2018/02/16/751315-abramovich-telegram
P.S. https://www.sec.gov/Archives/edgar/data/1729650/000095017218000030/0000950172-18-000030-index.htm - original report.