The culling of the bot
Yesterday we witnessed Telegram shed over 1 million bots from their platform and as a results some cryptocurrency groups shrank over 75%.
Telegram was not shy in laying down the law by deleting an estimated 11 million fake accounts and bots from their platform. This brings forth the question of real authenticity in groups and how much you can learn from the size of a Telegram group?
Currently a very popular metric for the future outcomes of an ICO is their Telegram group size (this is even a popular investment strategy, where many people buy into ICOs simply based on their Telegram group size).
Many popular ICO review/ranking sites provide this as a metric and some have gone a step further and developed tools for end users to keep track of this. This includes a great tool from ICODrops and another from ICO Whitelists💬
While we saw a very strong correlation in June-August 2017 of Telegram growth/size to the ROI of an ICO, this trend did not last long. Many Cryptocurrency Telegram groups seem to be buying users to generate artificial hype and create a sense of a large community. Since August 2017, we have seen absolutely no correlation with an ICO’s ROI and Telegram groups size when looked at in isolation .
Interestingly enough, anyone could artificially prop up these numbers and buy users for a group. It does not necessarily have to be individuals associated with the group but simply an anonymous person trying to “shill” the project. It only costs a few dollars and a group name to get thousands of users within a few hours 😰
How do we tell which users are real?
As a Sentiment Intelligence platform it’s paramount that we have accurate data and our metrics aren’t skewed by fake users. For this we have devised a User Authenticity Tool which determines whether users are real or not. This allows us to use accurate data when tracking things like Telegram growth and size.
We consider numerous factors such as:
- User activity (last seen)
- User activity (messages sent)
- Groups the user has joined
- Join frequency
- Group activity
- Etc
For this we require a Telegram username as we track various metrics to the Telegram username. Unfortunately, this means that we are unable to determine many of these things without a username and we cannot establish when a user has changed their username with complete certainty. We will be opening this tool up to our token holders in the months following the token sale.
We will be posting a blog in the next few weeks which highlights the most trustworthy and comprehensive ICO review sites and which have a strong statistical correlation between their predictions and metrics vs actual market outcomes.
Head over to our website and be sure to download our whitepaper if you would like to get some more information on how we make predictions and what parameters are considered.
If you would like more information on anything we would love to hear from you. Please contact an admin on Telegram or send us an email.
Stay in the loop:
Official Telegram | Website | Email
