People are already flipping the Telegram ICO for millions, even though it’s not on sale yet

The world of initial coin offerings (ICOs) is attracting so much interest that some investors are able to double their money—on paper—before an offering has even begun. This is the case with the chat app Telegram, which is targeting a blockbuster $1.2 billion ICO.

The offering is due to open to the general public in March, but investors who got in on an earlier, private investment round, are already flipping their GRAM cryptotokens for twice the price they paid, according to sale...

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