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

Analytics reported the prospectes of the Telegram related token
12 November 2018   9395

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.

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   962

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 


Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.