2023-06-16
Toncoin becomes 14th most
valuable crypto by market cap. It currently has $4.77 billion marketcap and $7 billion for fully diluted market cap. Its
fully diluted market cap is even more than Polygon that has $5.9 billion fully diluted market cap.
Toincoin has 0.6% yearly inflation. Toncoin has a
total supply 5.0 billion Ton and circulating supply of 3.43 billion Ton. Toncoin has
time to finality of 6 seconds. It can process up to 55,000 transactions per
second.
Telegram is the most popular messaging
app in the crypto space. It was founded by Pavel Durov, a Russian entrepreneur
who also created VK, the largest social network in Russia. Telegram has over
500 million active users and is one of the world's top 10 most downloaded apps.
Telegram has many features that focuses
on decentralization. Some of them are:
- Cloud-based: You can access your
messages from any device and never lose your data. You can also send media and
files of any type and size without any limits.
- End-to-end encryption: You can use
secret chats to send messages that can only be read by the intended recipient
and can self-destruct after a certain time. You can also create encrypted voice
and video calls with up to 1000 participants.
- Bots and channels: You can create
bots for specific tasks and interact with them using commands or natural
language. You can also join channels to receive updates from various sources
such as news, entertainment, sports, etc.
- Customizable: You can change the
appearance of your app with themes, stickers, emoji and GIFs. You can also
create your own stickers and GIFs using the built-in editor or third-party
apps.
- Open and free: Telegram has a fully
documented and free API for developers, open source apps and verifiable builds
to prove the app you download is built from the exact same source code that is
published. Telegram will never use your data to show you ads or sell it to
third parties.
The Open Network is a smart contract
blockchain developed by Telegram. It has Toncoin (TON) as a native token. The
open network is a concept that advocates for a decentralized and distributed
internet infrastructure that is owned and operated by the users themselves. It
aims to promote digital sovereignty, privacy, innovation, and social justice by
empowering people to create and access online services without intermediaries
or gatekeepers.
The open network challenges the
dominant model of the internet, which is controlled by a few powerful
corporations and governments that often violate freedom and stifle competition.
The open network envisions a more democratic and inclusive internet that
respects diversity, autonomy, and creativity.
Telegram raised fund for the Open
Network ICO in 2018. They raised $1.7
billion but they refunded all the money raised due to regulatory crackdown from
the SEC. Users can set up Toncoin wallets on Telegram and use Toncoin for
payment on Telegram. Toncoin is EVM compatible and also support NFTs.
Toncoin Analysis
Toncoin is a good coin but in term of
valuation, Toncoin is overpriced due to the hype. It needs to build a lot of fundamentals in order to maintain their value long-term.
Toncoin’s team is trying to encourage developers to build dApps on Toncoin but
there is still a long way to go.
Remember in late 2017 and early 2018 Bitcoin
valued just 8 times more than Bitcoin Cash. But today the value of Bitcoin
leaves the value of Bitcoin Cash like a dust.
