Gram Overall Price May Reach $3B

Researchers from the HASH Crypto Investment Bank came to this conclusion
07 February 2019   356

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. 

Binance to Conduct Unplanned BTT Airdrop

"One tester inadvertently clicked an airdrop button for BTT" as head of the exchnage reported
20 February 2019   122

Binance, the largest cryptocurrency exchange, inadvertently implemented BitTorrent airdrop. Because of this, the wallets of some users of the trading platform were replenished with BTT tokens.

While doing testing for Fetch.ai , one tester inadvertently clicked an airdrop button for BTT, giving some BTT launchpad buyers extra BTT tokens. We are resolving the issue now. No other people are affected.
 

Changpeng Zhap

CEO, Binance

One commentator joked that getting some extra tokens is not a problem at all. The head of Binance answered him that this question is now being resolved and, most importantly, all means are safe. Another Twitter commentator joked that he inadvertently pressed the Sell button and sold BTT tokens very cheaply. 

Also today, Changpeng Zhao reminded that only one day remained before the launch of the test network of the decentralized Binance DEX exchange.