Telegram’s Token, Gram is worth 29.5 billion USD, As Per Qiwi’s Calculation
Gram, the much-anticipated cryptocurrency from Telegram could be worth USD 29.5 billion by year’s end, claims a report. The company has already garnered USD 1.7 billion from over 100 investors, during the two-round initial coin offering (ICO) issued last year.
The prediction is based on calculations, that were made by HASH Crypto Investment Bank, a subsidiary of Qiwi, a major Russian e-payment company. As reported by a Russian-language media outlet, The Bell states that the “rational cost” of a single Gram unit is now USD 5.9. Notably, the current figure is 4.4 times as high as the USD 1.33 per unit price second-round investors paid last year.
The Bell adds that Telegram may “provide investors with the same assessment” of the Gram’s future worth. The Gram will operate on Telegram’s own platform, dubbed as TON. Reportedly TON network is said to be 90% complete, implying that Gram might be launched along with its network as early as next month.
As per the media outlet The Block, the sources ‘familiar with Telegram have confirmed’:
“the project is actively working with firms to get the Gram listed on Asian exchanges such as Huobi, Binance, andOKEx.”
The publishing also claimed:
“Telegram is also working on potential partnerships with e-commerce, retail, and other online services leading up to its native messenger app store launch.”
As per the initial whitepaper, Telegram’s network is aimed at resolving one the blockchain’s most plaguing issue, the scalability. TON claims to develop an entirely new blockchain that will purportedly process millions of transaction per second, by citing terms such as “infinite sharding” and “hypercube routing.”
Notably, some projects have been implementing said technologies that help blockchain scale. For instance, blockchain project Zilliqa (ZIL) has recently launched its mainnet and led the first ever successful implementation of a scaling technology called sharding on a blockchain.
As per the latest publicly available data, Telegram had 200 million active users in March 2018. Well, not all is positive for TON, the fact that the community doesn’t see an “actual use” for it, is of great concern.
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