Telegram ICO and KODAK ICO Both Upcoming ICOs

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10-01-2018 | CryptoFAN | 1157


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Telegram ICO and KODAK ICO Both Upcoming ICOs

2 Upcoming ICOs Telegram ICO Aims to Shatter Fundraising Record with Upcoming ICO
Telegram’s ICO presale alone could target as much as $500 million, which would more than double the $257 million raised by Filecoin last year, while the token sale itself could enable Gram to launch with a market cap of $5 billion. In a departure from ICO norms, Telegram plans to require supporters to contribute using fiat currency, not ether or bitcoin as most others do. The project is apparently a personal one for Telegram co-founder and CEO Pavel Durov, who founded Russian social network VK but was forced to sell his stake by shareholders with powerful government connections. In addition to its utility as a payments network, TON will also feature a DNS service to enable users to access decentralized services with an interface similar to that of a web page. According to a roadmap spelled out in the whitepaper, Telegram hopes to release a minimum viable product (MVP) as early as the first quarter of this year, though a full-featured platform will not be released until at least the second quarter of 2019.

And KODAK Upcoming ICO
The Rochester, New York-based company emerged from bankruptcy in 2013 relieved of much of its debts and patents. It refocused around digital printing, packaging and a legacy film business that’s a shadow of the glory days when Paul Simon had a hit song rhapsodizing about Kodachrome. None of those has caught on. Sales fell by a third in the first three years after bankruptcy. They dropped another 8 percent in the first three quarters of 2017, to $1.1 billion, and the bottom line dipped into the red. The company’s market cap, nearly $30 billion at its peak in the late 1990s, fell to just $135 million early this week.
The announcement of the planned blockchain platform and initial coin offering changed the stock’s trajectory on the day. Kodak is just the latest to see the potential halo effect of crypto-currencies after bitcoin soared some 14-fold in 2017. In December, stock in tiny Long Island Iced Tea tripled after it renamed itself Long Blockchain.

Startups raised more than $3 billion with ICOs last year, led by Filecoin, a blockchain data-storage network that raked in $257 million. Yet the field is growing crowded. ICO Alert lists roughly 80 offerings currently in the market and a similar number planning to launch in the next two months. Kodak Chief Executive Jeffrey Clarke will take whatever he can get. The company has been looking for assets to sell to pay down some of its $845 million in debt, according to Eikon data. A blockchain platform could give photographers a better way to license their images and receive payment. But it’s hard to see how that will reverse Kodak’s decades-long decline.


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