TON Developer to Create New Digital Payment Platform

TON Labs together with German Wirecard will create new platform for the digital financial and banking services
18 April 2019   659

The developer of ecosystem solutions for blockchain project Telegram Open Network TON Labs in partnership with the German fintech company Wirecard will develop a new platform for the digital financial and banking services. This is stated in an official press release published on Wednesday, April 17.

Representatives of TON Labs and Wirecard hope that their scalable decentralized solutions will lay the foundation for technological innovations in the TON and Telegram ecosystem.

We are excited to be partnering with TON Labs. Their immense experience in highly scalable technology and decentralized solutions as well as the strong global growth of Telegram messenger will be instrumental for the success of our joint program.
 

Georg von Waldenfels 

Executive Vice President, Group Business Development at Wirecard

Alexander Filatov, Managing Partner at TON Labs named new generation technologies for payments, banking and other financial services, as well as the basic blockchain infrastructure for projects wishing to contribute to the development of TON.

The addition of TON Blockchain to Telegram's growing ecosystem is opening new opportunities for business and technological innovation. We are excited to partner with one of the world's most dynamic and innovative financial technology companies to bring synergetic new generation fintech solutions to the market.
 

Alexander Filatov

Managing Partner, TON Labs

The details of the partnership are not disclosed by the parties at this stage, promising to provide additional information about the solutions being developed in stages.

Wirecard, whose shares are traded on the Frankfurt Stock Exchange, previously acted as the issuer of Visa debit cards for Hong Kong-based cryptocurrency payment platform Crypto.com.

Chainlink May Sell Big Amount of Own Tokens

According to the experts' research, $30M worth tokens were sold by the ICO team itself
12 August 2019   2131

The Chainlink team was suspected of large-scale liquidation of LINK tokens. For a month and a half, the project capitalization decreased by $ 600 million, Trustnodes reports.

On July 6, a recruitment message was posted on the project’s Twitter page, which, according to some observers, was the beginning of the dump.

We do sincerely appreciate our community’s continued support and understanding as we expand the number of people working on Chainlink, and we will of course do our best to ensure that our expansion plans are accomplished responsibly, carefully managing the company's resources, capital and LINK, with a focus on continuing to create an overall positive effect on the Chainlink network over the long-term.
 

Sergey Nazarov (old message in the company's blog)

Chainlink team

Following this message, a schedule was circulated on social networks showing the alleged token sales of 700,000 LINK at each price rebound after reaching a peak at the end of June.

Alleged Chainlink Dump, Aug 2019
Alleged Chainlink Dump, Aug 2019 

According to Etherscan, 14 transactions of 700,000 LINK were made, which totaled 9.8 million tokens, or about $ 30 million.

After going through a small chain of addresses, these tokens were sold on Binance, noted in Trustnodes.

Chainlink Selling, Aug. 2019
Chainlink Selling, Aug. 2019

Observers believe that at the end of June the daily trading volumes of ChainLink on the Binance exchange were artificially boosted. So, with a capitalization of only $ 1.4 billion, this figure amounted to $ 863 million. According to some, the price movement chart for the mentioned period looks unnatural, especially considering that volumes in favor of sales were recorded on one of the green candles. There is a possibility that the unknown wanted to provoke FOMO, but could not achieve the goal.

Some believe that the message about the expansion of the staff was only an attempt to hide the large-scale liquidation of tokens.

It is worth noting that in 2017 Chainlink raised $ 32 million through the sale of 350 million LINK through an ICO. At the same time, the team saved 650 million LINK for the further development of the project.

According to a recent analysis of the ICO market, Chainlink entered the top five most successful ICOs in terms of growth in bitcoin.