Gram May Raise in Price After TON Launch, Hash CIB Says

Analytics reported the prospectes of the Telegram related token
12 November 2018   7838

Analytical company Hash CIB prepared a report on the prospects of the Telegram Open Network, for the creation of which the founders of the popular messenger raised $ 1.7 billion and its token Gram. Excerpts from the report leads “Kommersant”. 

According to analysts, TON can compete with companies operating in several areas at once, including by providing cloud storage, DNS and anonymizer services. The document states that the project has the potential to capture up to 10% in each of the areas by 2026.

Gram tokens, released on a closed ICO at $ 0.38 and $ 1.33 during the first and second stages, respectively, also have great prospects. So, Hash CIB believe that "the rational cost of a unit of Gram" can be equal to $ 5.9. At the same time, they recognize that “the market will not evaluate Telegram rationally,” since the factors and risks taken into account in the calculations may not be realized in the future.

In conducting the calculations, analysts were guided by market shares that TON can capture. The project is expected to receive 10% of the VPN market by 2026, 1% and 10% of the DNS market - in 2022 and 2026, respectively, 10% of the cloud storage market - by 2026.

At the same time, a number of experts expressed doubts about TON’s ability to achieve results withered by analysts.

As far as I know, the working concept of the proxy service has never been presented. Although I welcome the new technology in the VPN market, it’s difficult to predict the value of what cannot be assessed yet.

Benjamin Van Pelt

CEO, TorGuard

It should be noted that Hash CIB is associated with Qiwi Blockchain Technologies, which in turn is a member of the Qiwi group. In February of this year, it became known that the head of Qiwi Sergey Solonin invested $ 17 million in ICO TON.

Bitfinex's LEO Token Whitpaper to be Released

Public stage of tokensale may not be conducted if hardcap of $1B won't be reached during closed sale
08 May 2019   268

Bitfinex Cryptocurrency Exchange published the whitepaper LEO token, with which it intends to raise $ 1 billion during the initial exchange offering (IEO).

It is expected that this amount will allow to fill the previously formed deficit of $ 850 million - the site operator will redeem tokens monthly for an amount of 27% of the profits.

Private stage of tokensale ends on May 11. If the intended hardcap won't be reached by this time, Bitfinex may refuse the public part of the campaign.

If fewer than 1 billion USDt tokens are sold by private token sale, the Issuer may thereafter sell remaining tokens at times and in a manner it deems appropriate in its sole discretion, consistent with applicable law. 

LEO Whitepaper

The issuer of the LEO token is Unus Sed Leo Limited, the newly registered IEO-iFinex platform.

The document also says that iFinex, which will be launched in June, will actively participate in the development of the second-tier Lightning Network.

iFinex has joined with a number of other companies and individuals to help develop and finalize the support for digital assets on Lightning Network. Ideally, digital assets developed and introduced by iFinex, including the LEO token, will be among the first digital assets launched on the Lighting Network.

LEO Whitepaper

In addition, Bitfinex plans to create a “a licensed and regulated security tokens exchange”, launch a derivative product with security at USDT and leverage up to 100x, as well as the Dazaar Big Data Marketplace and Betfinex exchange rates.

Another project will be the modular set of tools, libraries and protocols μFinex, based on the principles of open source. It will be used in both exchange and derivative products.

It worth reminding that in late April, the Attorney General’s Office of New York reported receiving a court order against Bitfinex in connection with the alleged loss of the last $ 850 million and the concealment of this fact from market participants.

Representatives of the trading platform said that we are not talking about permanent loss. These funds are frozen in bank accounts of Panamanian processing Crypto Capital Corp., located in four countries.

To ensure liquidity, Bitfinex was forced to use Tether Limited's funds for a loan and, according to the AG’s Office, has already received $ 750 million from the company's reserves. This was considered by the department as a crime.

On May 7, the New York State Supreme Court upheld the injunction against the Bitfinex Bitcoin Exchange, which does not allow Tether Limited to use its reserves for Exchange lending and other investment activities.