Altcoin News: The Value of Internal Cryptocurrency Telegram Could Reach $30 Billion
February 6th, 2019 by Marko Vidrih on ALTCOIN MAGAZINE
The total value of the future Telegram cryptocurrency by the end of 2019 could reach $ 29.5 billion The Bell reports 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 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 of a share. 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 reached $1.7 billion. 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 a rise in cryptocurrency cost by the end of 2019 by almost ten times, ”the researchers noted.
The founder of Telegram Pavel Durov did not comment on these calculations.
Recall that the launch of the main network of the TON blockchain platform is expected in March, but may be postponed for 2–3 months due to the “innovative nature of the development”.
Author: Marko Vidrih