The launch of the Telegram Open Network (TON) blockchain platform will lead to an increase in the price of the Gram cryptocurrency, which Durov has been trying to release for a year now. Hash CIB analysts came to this conclusion.
Hash CIB, an investment company part of the Qiwi group, one of the founders of which is Sergey Solonin, who invested $17 million in TON, published research on the prospects of the Gram cryptocurrency, with the caveat that this report is not a recommendation for investment.
In their forecasts, analysts predict the conquest of markets that the blockchain platform could potentially occupy TON. The launch of a test version of the platform, based on a combination of several components: the Proof-of-Stake system, cloud storage, DNS server and anonymizer, is planned for November. And Telegram has scheduled new services, VPN and DNS, for presentation in 2019.
On the one hand, the multi-modularity of the blockchain platform is attracting increased interest from investors; on the other hand, Telegram is preparing to enter the ring against the heavyweights of the IT industry. Telegram’s main competition will not be messengers, but blockchain projects; in addition, Telegram does not have to rely on a rational assessment of the market due to many factors.
However, Hash CIB analysts rate the company’s chances in every direction quite highly. They believe that under favorable circumstances, TON can claim a ten percent share in various markets, although not earlier than in eight years.
So, according to forecasts, TON will occupy its ten percent of the VPN and DNS and cloud storage markets by 2026.
Based on past events ICO stages, taking into account the increase in the cost of the token from $0.38 at the first stage to $1.33 at the second, the rational cost was calculated Gramcryptocurrency at $5.9. The launch of Pavel Durov's platform and services will also be reflected in a rapid and confident increase in price, according to the report.
However, many experts express doubts about the prospects stated in the reports for TON, in general, and Gram, in particular. First of all, because of the small development team, which has not yet prepared a working concept for the proxy service and has long violated the stated planned deadlines for the implementation of the crypto platform.
You May Also Like
The first elections were held in the United States on an experimental blockchain platform
The elections held in West Virginia were experimentally conducted on a blockchain platform. State residents overseas in 29 countries voted via their mobile devices. The government's pilot project was the first to use a combination of smartphones, facial recognition and blockchain technology to ensure voting participation for those living and working abroad.
Kazakhstan tracks taxpayers using blockchain
Blockchain technology in Kazakhstan is confidently becoming an everyday reality due to the active interest in the technology of the public administration segment and the financial sector of the country. Thanks to government support for the development of digital technologies, it became possible to develop a fiscal system based on Blockchain technology.
