Golem token rising due to new major Alpha release

Brass Golem Alpha2 0.10.0 was released containing long-awaited features and protocol optimizations and Golem token rose 62%
20 December 2017   2100

Golem is a project which lets users rent CPU/GPUs and get paid in cryptocurrency. On December 20, the new upgraded Brass Golem Alpha2 0.10.0 version was released. 

With the new version users can observe their incomes displayed in the GUI and check how many test GNT they have earned, tasks persistance was made to be able to be turned on by default, and the mprovements in the protocol to make Golem network more scalable and find other nodes quicker were implemented.

  • Handshake protocol was improved
  • Golem messages were moved to external module and refactored
  • Task-related messages were saved for Concent service
  • Additional messages for communication with Concent were added
  • Bootstrap choosing mechanism was improved.
  • Additional bootstrap nodes with lighter protocol (implemented in Golang) were added to Golem network

As soon as the news came out, the price of Golem token started rising which led to the number of 62% increase within past 7 days. Golem rose from $0,34 to $0,64 within a week and the market capitalization of the token grew from $288 million to $533 million during the same amount of time.

Golem charts december 2017Golem Charts

At the moment of press, these are main market parameters of Golem:

  • Average price: $0,57
  • Marketcap: $483 150 230
  • 24h volume: $23 151 500

SEC to Unveil New List of Probable TON investors

One investor in this list is a ex-member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital Mayer Malka
27 January 2020   418

Some names of large investors and the names of investment companies that could take part in the $ 1.7 billion token sale of the Telegram blockchain project became known, CoinDesk reportes with reference to documents issued by the US Securities and Exchange Commission (SEC) in the framework of the current proceedings.

One such investor is a former member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital, Mayer Malka. He during the testimony at the beginning of the month mentioned Telegram CEO Pavel Durov.

Answering a question about whether Telegram is known for investors who can take on the role of validators in the TON PoS blockchain, Durov said:

We didn't put together a separate list of the purchasers who we would assume have experience in validating other networks, although it was obvious that certain investors… such as, for example, Micky Malka that we have discussed earlier, might… have experience in these processes of validation or at least were closely affiliated with parties that had experience in such processes.


Pavel Durov

Telegram CEO

In addition, Telegram Vice President Ilya Perekopsky, in one of his reports, named David Jan, the founder of ABBYY, a linguistic solutions development company, among potential investors. According to the correspondence published by the SEC, Ian asked Perekopsky if he could get an allocation in the ICO if he contacted Telegram directly without intermediaries in January 2018. “100 percent,” replied Perekopsky.

Also, TON investors could become the American funds Kleiner Perkins, Fortress, Draper Dragon, Dragoneer, DRW Holdings and Redpoint. This follows from the testimony declarations affixed by the SEC to the recent petition. In eight declarations, TON investors explain what prompted them to purchase Gram tokens. Company names have been removed from all documents, but they have remained in the file names. Sources familiar with the situation confirm that they really could take part in the ICO.

Most of the witnesses interviewed by the SEC indicated that they were interested in the possibility of supporting the Telegram project in the ICO TON, while the messenger itself does not accept funding for its main business. The announced investment amounts are on average $ 5-10 million. At the same time, Kleiner Perkins was initially offered an allocation of $ 15 million, but the company managed to agree on a twice as large investment, it follows from the submitted documents.