Gram Overall Price May Reach $3B

Researchers from the HASH Crypto Investment Bank came to this conclusion
07 February 2019   357

By the end of 2019, the total cost of the internal token Gram of the Telegram Open Network (TON) could reach $ 29.5 billion. The Bell reports it with reference to the report HASH Crypto Investment Bank.

According to the investment company, the target cost of 1 Gram token by the end of 2019 is estimated at $ 5.9. That is the cost indicated in the note for the project investors.

At the same time, HASH CIB offers its own assessment methodology, emphasizing that the value obtained in their model is not a target or fair price. Rather, it is a “rational network value,” made up of current and discounted value added over the coming years.

According to whitepaper of TON, the issue will be 5 billion tokens, and if the first Gram costs 10 cents, the cost of each subsequent increase by a billionth. All Gram tokens are divided between investors - 44% and developers - 4%. 52% of tokens remain in reserve.

During the two closed rounds of ICO, according to information from the HASH CIB report, 2.89 billion Gram were sold, and the official amount of fees reached $ 1.7 billion, that is, one token cost about 59 cents on average (in the first round $ 0.38, in the second - $ 1.33).

It turns out that $ 1.7 billion received from investors correspond to approximately $ 2.94 billion for the entire Telegram cryptocurrency. The target price of $ 5.9 per Gram means that the cost of cryptocurrency has risen by almost ten times by the end of 2019.
 

Researchers

The founder of Telegram Pavel Durov did not comment on these calculations. 

Gladius to Register Token as Security & Refund Investors

Startup self-reported in SEC on unregisted securities offering and cooperate with Commission, so it won't be fined
21 February 2019   104

Cryptocurrency startup Gladius Network LLC has informed the US Securities and Exchange Commission (SEC) about the sale of unregistered securities. On February 20, the SEC filed relevant charges.

During the ICO, the Gladius project raised $ 12.7 million in cryptocurrency equivalent for the development of a network for leasing computing facilities to protect against cyber attacks. The SEC stressed that the startup did not register their tokens as securities, as required by federal law, and did not agree to exclude them from the rules in the legal manner.

Moreover, tokensale was held after the publication of the SEC report on the situation with The DAO, in which the regulator stated that ICO can offer securities.

The press release says that Gladius contacted the SEC in the summer of 2018 and expressed interest in cooperating with the investigation. Thus, the agency refused to levy a fine, because the startup voluntarily agreed to return the funds to investors who require it and register the token in accordance with the provisions of the Securities Act of 1934.