Yuri Molchan

TON’s Gram Token to Spike as TON May Grab 10 Percent of Global Market: Report

Created by Telegram founder Pavel Durov, TON platform may turn into a successful rival for giants working with cloud storing and DNS services: Report
TON’s Gram Token to Spike as TON May Grab 10 Percent of Global Market: Report
Contents

A report made by investment company Hash CIB claims that by 2026 Telegram Open Network (TON) may successfully compete with behemoths that are already working in the sphere of cloud storage, DNS, and anonymizers. The report says that in eight years’ time, TON may get hold of up to 10 percent of the global market.

TON’s possible future price

Based on research made by other companies, including the data of the SEC and its own methodology, Hash CIB analysts came to the conclusion that the volume of operations on TON Storage may total $17.1 bln per annum by 2026.

In addition, the study suggests that the fair cost of the Gram token will be around $5.9. That is x4.4 more than the price at which tokens were going for during its second ICO — $1.33.

Curiously, experts offer a disclaimer that their esteem may not reflect the actual worth of the crypto coin, since the market will hardly evaluate Gram rationally and some of the risk factors of the project in the future may disappear.

Disagreement from other analysts

However, analysts of several other companies have taken the report skeptically. The co-founder of TMT Investments, Artyom Inutin believes that TON will hardly take 10 percent of the DNS market and cloud storage market because of blockchain unicorns. He agrees that TON has gathered a unique team, but it will not be able to overcome companies with over $1 bln capitalization.

A managing partner of Leta Capital, Alexander Chachava reckons that any popular messaging app can outperform Telegram, and it also can be any blockchain platform that can promptly solve issues of scalability and compatibility.

Experts also doubt if TON will be able to succeed in the VPN services market. TorGuard CEO Benjamin Van Pelt mentioned in an interview that an operational concept of the proxy server was never presented, so it is hard to evaluate what cannot be evaluated.

Strong sides of TON

An obvious strong point of the new platform is its large user-base, which hit 200 mln in 2018. Still, experts believe that the most profitable markets for TON — Western Europe, the USA and Asia — are still not widely covered by it.

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One of Telegram’s former top managers believes that dependence on data centres located in Europe and the US and also investments raised in USD can turn out to be a problem for Pavel Durov since the assets can be frozen.

Anyway, he believes that the crypto Gram is what TON should bet on: he reckons it can even push out Ethereum, provided that TON starts off as a fast, stable and secure blockchain network.

As a reminder, Gram tokens are going to be used for internal payments on TON. The testing of the platform is to start in late autumn 2018, meaning within a week or two. In 2018, Telegram closed two rounds of a closed ICO, raising $1.7 bln from 175 investors.

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🤷 Opinions Alexander Goborov

Ripple 2018: Price and Telegram Mentions. What’s Driving What?

Opinions
Both soars and dives in the price of Ripple lead to its increased mentions on Telegram
Ripple 2018: Price and Telegram Mentions. What’s Driving What?

Ripple (XRP) has been in the limelight of late, from talks about Ripple wallets to discussions about why this cryptocurrency cannot actually be mined. In spite of currently standing at only about 50 US cents a pop, XRP remains the third most influential cryptocurrency by market capitalization with close to 19 billion US dollars, following Bitcoin and Ethereum. Furthermore, XRP is also among market leaders in terms of its social popularity on Facebook.   

Recently, we have looked at some of the overarching stats pertaining to cryptocurrency mentions on Telegram. Now, having gathered a substantial amount of data that corresponds to the January 1 - October 31 period, i.e. two months shy of a full year, it is time to see how these affect Ripple, and, more specifically, how XRP price and its Telegram mentions may be linked:

XRP 2018

In the graph above, the horizontal axis represents time, and the vertical axis is a relative scale that corresponds both to number of Telegram mentions (in blue) and XRP price (in red). Evidently, what can be seen, for the most part, is a picture of the two lines following each other’s trajectories, with the emerging pattern being a clear correlation of the two variables. The remaining question is which variable is independent and which is dependent, i.e. which one determines the movement of its counterpart.

Given that multiple factors go into price formation, it is far more likely that the changes in XRP value are determined irrespective of most activity on Telegram, though not necessarily entirely without it at all times. In contrast, one could successfully argue that changes in XRP price often fuel XRP activity on Telegram. Interestingly, this correlation is both positive and negative: when the price of Ripple goes up, so do Ripple mentions on Telegram; similarly, when the price of Ripple goes down, the number of Ripple mentions on Telegram also increases.

Since Telegram is thought to be one of the safest messaging apps around, it is plausible to assume that XRP owners use Telegram to discuss trade scenarios with various potential buyers and sellers or seek investment advice from other XRP owners. For those who wonder why the blue line crosses the red at one point, the suggested explanation is as follows: this very sharp spike in XRP mentions on Telegram is likely determined by the fact that Ripple saw a sudden increase in its price in the autumn after a relatively long period of summer stability. No doubt, this was seen by many as a big opportunity to transact business in quite some time, which subsequently resulted in the number of XRP mentions on Telegram going through the roof.

Stay tuned for more and be sure to check out this week’s crypto report by our expert trader, Vaido Veek, based in Estonia.

🤷 Opinions
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Yuri Molchan

Great Firewall of China Preventing EOS “Democratic Governance”

China’s state-controlled Internet hinders communication with the Western EOS team
Great Firewall of China Preventing EOS “Democratic Governance”
Contents

Back in June, two groups were competing to launch the EOS mainnet. After this was solved to mutual consent, another trouble emerged. The Chinese Great Firewall.

East does not meet West. On linguistic barriers and Telegram vs. WeChat

The first barrier that makes the mutual democracy-based EOS governance difficult is the language barrier: the team in the West speaks English, as is pretty much all the rest of the world except their partners in China — they happen to speak Mandarin, a language substantially difficult and much more complex. Besides, the infamous governmental control over the Internet in the Celestial is also putting spokes in the wheels of EOS governance. Part of this scenario is that the Western party prefers encrypted Telegram messenger and the Chinese party has no alternative to WeChat.

Thus, two separate strategies are being implemented simultaneously, making EOS failing to deliver on its commitment to provide a democratic mainnet governance. Besides, token holders have been suffering. Many of them have lost their private keys due to the platform hacks, in the Western part, their tokens are at least protected from being stolen too. Thanks to the EOS Core Arbitration Forum (ECAF), quite a controversial organization, many believe that EOS is not that much decentralized in reality.

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EOS users in China have suffered from scams and malicious attacks as well as in the West. However, Chinese investors did not have access to Telegram, where ECAF did all the arbitration. Here comes the language barrier too — the folks in Telegram do not speak Chinese. Chinese users faced a double damage — no Telegram (they use WeChat) and poor English skills (but excellent Mandarin knowledge).

China copy-pasting again

Recently, though, certain movements inside the EOS community are showing that both shores are trying to build a bridge. A new body has emerged — the EOS Mandarin Arbitration Community (EMAC). Its goal is to provide Chinese speakers with a channel for solving disputes. Two of its regular members are also on board of ECAF.

Both sides truly believe that it’s possible to overcome the barriers in languages and mentality to mutual consent.

EOS-Babel, confusion of tongues

The Chinese community (EMAC) gives it to their Western colleagues admitting that the official language of EOS is English. The official messaging app seems to be Telegram too since it cannot be accessed from within China.

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So, Chinese-Mandarin gets the second place on this global scale. The third EOS official language is Korean. Spanish speaking block producers have been complaining that it is hard to find any information on EOS governance issues in their mother-tongue, both in Spanish and Portuguese versions. Everybody seems to admit that participating in discussions on EOS governance issues require strong English skills.

Shall we drop China entirely?

Part of conspiracy legends inside crypto community claims that decentralization does not matter since the handful of people who actually control Bitcoin, Ethereum and other crypto are China-based. They reportedly do not give a heck about decentralization.

These unconfirmed theories have added fuel to the controversy when Twitter rumors appeared describing “collusion, mutual voting, and pay-offs that occur amongst the Chinese BP community.” Reportedly, these allegations started on WeChat.

The Western EOS community in Telegram recently responded by suggesting that everyone stops voting for the Chinese block producers in the light of all the accusations though unconfirmed.

Happy ending on the horizon

The situation seems to be improving. Now there is EMAC that is busy raising the awareness of fair EOS governance among the Chinese community members and initiate cooperation between Chinese-speaking and non-Chinese-speaking communities regarding arbitration and governance issues.

Two of EMAC members have also joined ECAF, so now the Western ‘regulatory body’ has two Mandarin speakers on board, which should bring down the number of troubles for the Chinese party.

One thing is good: both sides of the EOS community, despite all the allegations and language/mentality differences or difficulties imposed by the Chinese government, have chosen to collaborate, admitting that they have a long way ahead.

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Making More of Messaging Apps: Decentralized Messengers Making Waves

Messaging apps are big business, and business that needs to remain private, so the introduction of decentralized messaging apps is important
Making More of Messaging Apps: Decentralized Messengers Making Waves
Contents

 

There is not much of a leap for messaging apps to understand the value of Blockchain and decentralized systems when it comes to protecting the privacy of their users. In fact, one of the most well-regarded privacy messaging apps, Telegram, have made headlines with their own ICO.

However, Telegram may have double-ended encryption, but there is a new wave of decentralized messaging apps that are becoming more and more important in an age where data is king and centralized authorities are monopolizing it.

There are a host of new decentralized apps making their way into the mainstream market, all offering the advantages that come with Blockchain technology and a decentralized organization.

Traditional protection

Traditional and popular messaging apps such as Telegram and Whatsapp have integrated end-to-end encryption as a way to protect the data on their apps. It means that only the people involved in the conversation can read the messages and no third party can decipher the data.

However, while this protects the data, it is still run and monitored by the centralized authorities and are subject to government regulation and can be forced to divulge user data.

It is for this reason that Blockchain messaging apps are the next level in privacy as not only are they secure, but they are private and uncensorable. Being uncensorable is an important aspect, especially for people in countries like China who have to use WeChat and other monitored services.

Better with Blockchain

There is a bevy of Blockchain messaging apps already out there all trying to hit the right balance and needs of their clients, but what they all know is that they cannot be stopped in traditional ways.

“Putin cannot request the keys to our database like he did with Telegram, simply because there isn’t one,” said  Andy Tudhope, part of the team from Status, a Blockchain-based messaging app for smartphones which runs on the Ethereum Blockchain.

“Brazil cannot ban Status like they did WhatsApp, because it is an open source protocol and community– there is no single person or small group who can be issued with a cease and desist to stop the network.”

“Google and Amazon cannot prevent Status from operating in Iran by blocking domain fronting as they did with Signal, because we use the Ethereum network itself as the transport layer for messages.”

Different options

However, in the race to be a totally uncensored and encrypted messaging app, it is not all blockchain applications, there are other iterations cropping up.

Companies like Riot, are doing something in between Slack and total Blockchain apps, as they use the Matrix Protocol instead of a middleman. While something like e-Chat is totally Blockchain based and incorporates the possibility to send and receive cryptocurrency on the messenger.

However, some are simply putting on a cryptocurrency-facing veneer, such as Bettergram which is essentially a fork of Telegram aimed at the cryptocurrency community with a few modifications to the telegram client, like a cryptocurrency price checker.

No more monopolies

The days of Whatsapp, maybe Telegram, or some single messaging app being the only option are quickly becoming a thing of the past. The focus on not being censored, and the opportunity blockchain offers with that is allowing people far more choices, and better choices.

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🕵️‍ ICO Watch Eric Eissler

Cutting Supermarkets Won’t Be Easy: Past-ICO Review

👁 ICO Watch
A future world without grocery stores? Probably not, but one company wants to challenge the paradigm
Cutting Supermarkets Won’t Be Easy: Past-ICO Review
Contents

INS Ecosystem is attempting to reinvent the grocery business by selling directly to the consumer and cutting out the middleman, who in this case is the supermarket that all consumers have come to shop at.

Blockchain technology is already being tested by major retailers such as Walmart partnering with IBM to use Hyper Ledger to track products all the way through the logistical supply chain.

Financials

INS Ecosystem raised $41 mln between Dec. 4 and 24 during the ICO in 2017. The token entered the market at $8.16 on Jan. 12, 2018 and has fallen to $.50 at the time of writing. This is, in part, due to the fact that it is a utility token and debuted when the market was on a major bull run.

During that time any ICO or crypto was being bought up because all prices were increasing no matter what they were. After the run ended, prices began to level out, even if it meant that the fell through the floor.

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Almost ready to launch

According to the roadmap, the testnet launch is only a few months away in Q4 2018. Once the testnet is up and the bugs are worked out, the company plans to deploy further geographically. Reading through the company’s blog, there seems to be a lot of partnerships forming with companies that are producing food for consumers. One example is Soulfresh, Australia’s organic and natural food and beverages company, which has signed up with INS Ecosystem’s direct-to-consumer movement. Another, Drink me Chai, a family-run UK company with a love for chai latte, has also partnered with INS Ecosystem. These are just a few of the examples of the growing number of partnerships.

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Team

Peter Fedchenkov- Founder

Previously with Goldman Sachs and IBM.

Dmitry Zhulin- Founder

Experienced venture capital and private equity professional with a focus on retail and e-commerce. Five years of investing experience in Bitcoin and crypto-assets. Previously with VTB Capital Private Equity, Rothschild and PwC.

Pavel Scherbinin- CTO

Architect and engineer with specialization in security and cryptography and more than 10 years’ experience in development of large-scale highload systems. Previously was a Chief Technology Officer at Mail.Ru Group.

Dmitry Khovratovich- Blockchain Developer

Khovratovich has more than four years experience in blockchain technology and smart contracts. He is a recognized expert in cryptography and security (12 years, 2,000+ citations). Designer of Argon2 (the winner of the Password Hashing Competition) and Equihash.

Known advisors

  • Sebastian Stupurac - Wings
  • Eyal Hertzog - Bancor
  • George Li - We Trust
  • Ilya Perekopsky - Telegram
  • Milo Sprague - Silicon Valley Bank
  • Dr. Rawi Abdelal - Harvard Business School

Potential remains

While the token price has crashed hard since it debuted at the start of the year, that is not holding back the company by any means. There is a strong team and an even stronger advisory board backing them. The service that the company wants to provide is also very interesting because it has the potential to upset the grocery store business by selling direct to consumers at lower prices. 

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The 10 Best Crypto Channels and Groups on Telegram

Nowadays almost every crypto-related mass media run its Telegram channel on the platform. Here are 10 of the best Telegram crypto channels and groups
The 10 Best Crypto Channels and Groups on Telegram
Contents

Telegram is one of the safest ways of messaging in 2018. It supports end-to-end encryption, which ensures that third parties have no chance of getting access to users’ messages. Today the platform has over 200 million users, and over 15 billion messages delivered daily.

Probably, encryption and safety are the reasons why the majority of the people involved in cryptocurrency use Telegram for personal and business purposes. There are tons of Telegram-based exchanging bots, built-in wallets and other instruments for managing digital coins. So, it is no wonder that almost every crypto-related mass media has its channel on Telegram. Here are 10 of the most remarkable and readable Telegram groups and channels related to cryptocurrency.

(These channels obviously have different styles, audiences, and types of content. Some of them are totally incomparable, so I cannot just put them in a list from good ones to the best ones. In order to avoid comparing incomparable things, the channels are separated depending on their topics.)

U.Today

U.Today has a special place in this top. First, you will certainly like it, if you are reading this website. Besides, the channel can hardly be attributed to any of the topics below. It is not oriented to trading or some special technical researches. The style of articles here is quite popular, so it will be interesting for a wide audience.
Unlike most of news channels, U.Today makes diversified publications for Telegram. The content is related to the website, but it is still independent. You can get the most remarkable news and statistics from Telegram, and then go to the website for full information. It is important to note, because other channels often just post links in Telegram, without any special content.

Trading channels

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This type of groups and channels should be considered an instrument for crypto traders. Here you can find some special information about tendencies in the market, statistics and trading tools. This content is not really intended for a wide audience, but it is quite helpful for trading.

Crypto Charters

This channel is one of the most readable for traders. Authors create content in an easy-to-understand form and often with a bit of humor. That is why it is a good option if you are slightly familiar with trading and want to understand it more deeply. However, it requires knowing the basics of exchanging technologies to understand some publications correctly.

A major part of publications in this channel is related to Bitcoin. Authors often talk about BTC course and perspectives, which makes the channel even more helpful for Bitcoin-traders.

Cache Charts

Cache Charts is a less technical channel. Authors are experienced traders. They often provide easy explanations of the tendencies in the market and share some useful trading tools. The content is easy to perceive and it does not require knowing special technical terms. In addition, here you can find some useful advice on how to trade if you are not skilled enough to analyze the market by yourself.

What makes the channel less attractive is that it is not free now. The price of joining is 0.01 BTC per month. I am not saying whether it is worth it or not, but you can research the archive of the channel if you are thinking about it.

UK Crypto Premium

This channel is devoted to the technical analysis of the market and distinct coins. Here you can find a lot of useful information that helps to create an actual market strategy and optimize your crypto portfolio. Authors always keep track of the latest news and provide some interesting data for traders. In addition, sometimes news and crypto-related articles diversify the content.

UK Crypto Premium’s content is not really difficult to understand. It will be helpful even for beginners. Although some terms may be unfamiliar, the style of the content is quite popular and easy to comprehend.

News channels

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Here I decided to recommend some crypto channels that are not focused on a particular coin or crypto-exchange. Whatever you are interested in, it is important to know about big events, updates and releases. Here are some popular channels that create news publications about the most important things in the crypto community.

CoinDesk

CoinDesk is probably the most popular crypto-media for English speakers. It is a well-known website where almost all types of crypto-related content are published, including:

  • News

  • Guides

  • Researches

  • Statistics

  • Technical reviews

  • Informational articles etc.

They have a Telegram channel, and it is mostly focused on news. CoinDesk has to be on this list because it is one of the well-trusted media, where you can find actual news and research.

It is important to note that the admins do not publish original content in the CoinDesk Telegram channel. They just take articles and news from the site. However, the instant view feature in Telegram allows users to conveniently read the articles in the app.

Cointelegraph

Cointelegraph is another popular crypto-news media. They have a more developed channel with 93k subscribers on Telegram, but the style of publications is the same as that of CoinDesk – it is just articles from the web site. They create about 10-15 posts on Telegram per day. One additional feature of Cointelegraph is that it has a Telegram channel for Spanish speakers.

As for topics, the majority of publications is about the latest events in the crypto-industry. Sometimes the admins publish analytical research, so you can get independent, statistical information about the state of the market. In addition, they have a YouTube channel with well-made animation videos about blockchain technologies. This will help you understand the main concepts of blockchain if you are beginner in crypto-industry.

News Bitcoin.com

I suppose the name of the channel can say a lot about its topic and type of the content. It is one of the best channels for those who are actively interested in bitcoin, including traders, holders and others. Actually, even if you prefer altcoins, you cannot refuse that bitcoin has a great infliction on the industry, so sometimes it is interesting to read about how it is developed.

The channel has 70,000 subscribers, and works the same way as CoinDesk and Cointelegraph. Users can read some news and research on Telegram, and guides, statistics, and informational articles are available on the website. What makes the site different is that it was founded by Roger Ver, one of the people who was developing Bitcoin in the first years of its existing. Actually, the domain bitcoin.com speaks for itself.

Bots

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Bots are a very special type of Telegram’s initial structure. They function as a built-in application that can serve a lot of purposes. Commonly, the algorithm of working with a bot is very simple: the user sends a command and gets a reply. Some bots use menus to work faster and improve the overall user experience.

I am not talking about bots for trading, sending and keeping cryptocurrency. You should be very careful using them because they are often a scam. The bots listed below are just a convenient and fast way to get much-needed information and data from different websites.

BitcoinPriceAnalyticsBot

This is an indispensable tool for Bitcoin-traders and holders. The bot does simple work: it is always monitoring Bitcoin’s actual price for you. We know that BTC’s course is quite volatile and unpredictable. It may go down or up 3-5% in one day. If you do not want to check it every hour, BitcoinPriceAnalyticsBot will be very helpful. It allows users to set upper and lower BTC prices, and when the course hits any of these points, the bot will send a notification. It is a good instrument to help you remain calm about Bitcoin’s price course without checking it too often.

CoinMarketCap

CoinMarketCap is a website where you can find statistical information about almost all cryptocurrencies. Here you will find available not only the current price, but also a history of developing of a course, capitalization and trading volume for every coin. The site also contains a lot of information about exchanges, total market capitalization, the biggest events and so on.

The bot functionality is not so wide. Actually, this is not an official bot, but rather it is just made with the API that CoinMarketCap provides to developers. The bot has the following features:

  • Monitoring the prices of the top 10 cryptocurrencies

  • Sending notifications about changes in the price

  • Monitoring the total capitalization of the market

  • Viewing a history of the price of chosen coin for the last 7 days

API is a developer’s special tool that allows third parties to take some data from the website. So, the information provided by the bot is the same that you can find in CoinMarketCap.

ICO

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It is not a secret that the first investors of any blockchain project sometimes get incredible revenue. Nevertheless, it is a great risk, because no one can say for sure if the project will be successful. Here are some channels for those who like to try their luck investing in ICOs.

ICO Drops

Probably the most well trusted ICO channel. It has about 40k subscribers. Admins publish news about the most remarkable ICOs and Airdrops almost every day. Actually, ICO Drops is a popular website where you can find tons of information and statistics about new blockchain projects. However, if you do not have time to research the site, the telegram channel is a good option.

ICO Countdown

Another popular group devoted to upcoming ICOs. It is a chat where users can discuss some interesting projects. This might be very informative because you can share your opinion with other investors and help someone make the right decision (or maybe someone will help you with that).

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