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Telegram Plans to Join Cryptocurrency Mania With Ambitious $1.2 Billion Coin

It’s the latest company to join the cryptocurrency craze.

Popular private chat app, Telegram, is the latest company to reportedly plan on joining the cryptocurrency hype by offering digital tokens for sale in an initial coin offering (ICO). This also means that the app could offer blockchain-powered payment services.

Multiple sources revealed to TechCrunch that Telegram is planning to raise a huge amount of cash by launching a new “third-generation” blockchain, called “Telegram Open Network” (TON), described to have superior capabilities. Also, this new cryptocurrency will reportedly be called “Gram.”

Telegram is a private messaging app that lets users send messages while avoiding surveillance.

The company reportedly plans to sell its own cryptocurrency.

Sources revealed that this cryptocurrency will reportedly serve as the app's payment companion.

Telegram’s rumored ICO is said to have the potential to become one of the largest, with private pre-sales amounting to hundreds of millions. It is believed that there is high demand for the ICO since Telegram is already a popular messaging app around the world.

With Telegram supporting cryptocurrency payments inside its messaging service, users could avoid remittance fees when sending funds internationally, deliver micropayments that would incur too high of credit card fees, and move a large amount of money privately.

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The company’s pre-ICO sale is said to be at $500 million, with a token value between $3 billion to $5 billion. That said, Telegram’s cryptocurrency could be the biggest private crypto raise so far. TechCrunch has contacted Telegram CEO and Co-founder, Pavel Durov, for comment on the story but Durov has yet to address these rumors.

It was also reported that Durov plans to have a “centralized and decentralized infrastructure.”

Sources say Durov has decided to combine both a centralized and decentralized infrastructure, since a totally decentralized network doesn’t scale as fast as one which has some elements of centralization, hence why Telegram needs to own its own blockchain.

Telegram's mission is to develop its app into something like WeChat.

With all the plans for TON, Telegram aims to offer services similar to that of WeChat, an app that has evolved into more than just a chat app – it has become a default payment system for many users in China. The difference is that TON is intended to have a decentralized platform that can offer a more resilient and secure service while WeChat’s system is centralized.

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Scientists Find Large Ice Cliffs on Mars, Possible Source of Water for Future Missions

The discovery is greatly beneficial for future missions to the Red Planet.

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A group of scientists recently announced their discovery of huge deposits of water ice near the surface of Mars. This discovery could forever change all future explorations of the Red Planet.

The findings were published in the journal Science. The research was led by Colin Dundas from the US Geological Survey in Arizona.

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The World’s Largest Retirement Community is Perfect for Testing Self-Driving Taxis

An American startup company has chosen the area to pilot its services.

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Autonomous vehicle technology has yet to be perfected, but one company is looking to take one step ahead of the others as it tests its services in the ideal area: The Villages retirement community in Florida. The sprawling community stretches out to 40 square miles and features 750 miles of road, three separate downtowns, plus a population of 125,000 senior citizens.

The American car startup Voyage chose The Villages to test its door-to-door self-driving taxi service. With this, the residents can call for cars using an app. The cars will then operate at Level 4 autonomy (meaning full autonomy for all safety-critical driving functions) but still include a safety driver. The company has also partnered with CARMERA, a street-level intelligence provider for autonomous vehicles. CARMERA will map out The Villages’ roadways and feed the cars real-time mapping updates.

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Scientists Discover Huge Sheets of Ice Buried Beneath the Surface of Mars

This discovery is a big ‘game-changer,’ according to experts.

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A major discovery has just been made by scientists and many are labeling it as a huge ‘game-changer’. According to a new study published in the Science journal, Mars may have a source of accessible drinkable water.

As can be seen in the images taken by NASA's Mars Reconnaissance Orbiter (which has been orbiting the red planet since 2006), scientists have discovered thick ice sheets under the Martain surface.

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