Vkontakte behind the social network and Telegram messenger developed the crytpocurrency Gram in 2018. Telegram’s cryptocurrency has been in the spotlight for the last 12 months and the recent news about a launch of the Telegram Open Network (TON) is on many forums, news feeds and digital conferences.
Where to buy “Gram”?
Introduction of the Gram coin was announced in December 2018 and has been on Google searches ever since. Telegram is confident in its launch and to create its own cryptocurrency and has very good backing.
According to early predictions, Gram can raise up to $3.5 Billion. Telegram has considerable advantages over its competitors:
1. high speed
2. unique and multi-functional API
5. secret chat with a self-destruction option
6. protection against hackers
No financial institutions or government organisations will be included and will be launched by Telegram. Gram will monetise their messenger platform with an advertising platform. It will also enhance its security developments with the funding.
Telegram Open Network (TON)
The new platform is geared to be more efficient and faster than other existing blockchain processes and will be part of the 3rd generation platforms that will be launched.
TON’s architecture will carry out millions of transactions per second which is much faster than digital payments by smart cards i.e. bank cards etc.
They will issue approx. 5 billion coins, 200 million of which will be registered under the names of Telegram’s participants.
Telegram will keep 2.6 billion approx 52% of the total. 2.2 billion tokens are intended for public sale and the tokens are planned to be sold for hard currency only. Speculation is US Dollars and € Euros.
The introduction of special 2D will make the blockchain more robust and esier to manage tech bugs. The blockchain of the new digital currency will operate on base of the Proof-of-stake (PoS) technology. According to sources, this technology implies that a possibility of creation of a new block by a participant is proportional to the share that consists of the cryptocurrency units owned by this participant.
TON claim that the network will solve one of the most pressing issues of cryptocurrencies at the moment. That is the current low speed of transactions.In comparison, Bitcoin’s capacity is 7 while Ethereum’s is 25 transactions per second. Gram will be able to process 000’s per second.
The raised funds will be spent on development that will facilitate the build of the cryptocurrency. Also verification of users in order to enhance security of the network.
According to the TON the network will start to be formed in the first quarter of 2019.
Telegram Initial Coin Offering:
Pavel Durov’s team carried out the ICO of the Gram tokens on the TON blockchain platform. Similar to an IPO, investors who participate in an ICO get certain benefits in return for their investments.
This provides the investor an entitlement to share the future profits. The minimum investment limit was $20 million. As the Gram ICO was private, investors were approved manually. Some investors were extremely unhappy of the opportunity to put their money in the coin but were never accepted.
From two ICO rounds, Telegram’s founder received $1.7 billion from 175 investors. The company will return these funds to investors unless it launches the blockchain platform before October 31st 2019. Investors details were not disclosed but some of them announced their association in the Gram ICO.
The project’s wallet will be presented along with the new token. A new test version of TON was scheduled for release in late 2018. The launch of the Telegram Wallet was planned on the same date and the wallet is intended for storing not only Gram coins but also other cryptocurrencies and hard currencies.
All personal data will be encoded with private keys that can be accessed by authorised users only. The wallet will enable its users to transfer money also faster than via Visa and Mastercard.
The developers promised to set up the new test version of TON at the end of January 2019. However they did not manage to meet the gola due to innovative development of the project.
It seems the team spent too much time creating further algorithms for the TON blockchain. The next release date for Gram is scheduled for late March 2019. According to other sources, the core of the TON blockchain is 95% complete. Investors will see the test version beginning of March and outsider developers will get access to the test network in early March. All users of the messenger Telegram will get access to the active version of the blockchain at the end of March 2019.
Telegram Gram Price
There is no official data about the cost of Gram yet as the ICO was private. Apparently, the token’s price varied from $0.36 to $1.33 during the ICO according to other sources.
Experts predict that Gram is destined to failure and its price will crash immediately. Others expect the new cryptocurrency to skyrocket to $000’s in the near future. Others forecast is that Gram will appreciate to $10-$ 15 in the first few days after launch. There are too many unknown facts such as the initial amount of coins and which marketplaces where Gram will be traded.
The cryptocurrency can be exchanged for hard currency only. Currently, there is a plan for introduction of the exchange rate of Gram against the Russian Ruble and the US Dollar.
Next steps will be the yen, the yuan, and the euro will also become available for exchanging for Grams. The Telegram community is global and the coin price will depend on the amount of the initial issuance.
Most analysts predict that the price will range from $1.5 per 1 TON to $5-6 per coin during the public sale. The price could reach as high as $10 per coin and the exact price could be that Gram makes the top 3 of the cryptocurrency rating in terms of capitalisation in 2019.
The vast userbase of 200 million Telegram users is also a big plus for a successful start. So, everything is set for the Gram’s record breaking launch. Durov has the trust and confidence of millions of users around the globe who can generate demand for the new crypto coin. Source: Pete Townsend. Whichbroker.com