Gram Overall Price May Reach $3B

Researchers from the HASH Crypto Investment Bank came to this conclusion
07 February 2019   795

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. 

Huobi to Launch Prime Lite IEO Platform

Huobi Prime Lite is a “niche project” with some tokensale differences from Prime platform and the first project on it will be ThunderCore
24 April 2019   104

Huobi will launch an improved initial exchange offer (IEO) platform called Prime Lite.

Representatives of the company note that Huobi Prime is a “niche project”. Listing requirements for this platform are the same as for the main IEO site. However, tokensale on the new platform will have several differences from Huobi Prime:

  1. Shorter listing cycle and more flexible listing schedule
  2. Trading allocations for users are more flexible
  3. To facilitate the development of HT (Huobi Token), all HT exchanged will be burnt

The launch of the new platform is scheduled for May 9th. The first IEO on Prime Lite will be ThunderCore, which develops a blockchain with a bandwidth of more than 1,200 transactions per second. The project plans to raise about $ 500 thousand.