Comment by tylerlastovich

I am willing to bet that you haven't read the Telegram white paper. (https://drive.google.com/file/d/1ucUeKg_NiR8RxNAonb8Q55jZha0...) They didn't raise all that money to build out their chat app. They are looking to make a digital currency that can handle volume and is practical for day-to-day purchases, compared to the primarily speculatory coins that exist right now. The $1.7B they raised came from 175 accredited investors that purchased the entire supply of utility tokens in the pre-sale.