DdmrDdmr
Legendary
Offline
Activity: 2352
Merit: 10867
There are lies, damned lies and statistics. MTwain
|
|
March 05, 2018, 12:06:51 PM |
|
Yes, it is going to be the biggest ICO in history so far, with $2 billion hardcap fundraise in mind and $850 million already raised through private sale. The rest should be raised through a public ICO by around end of March.
The ICOS Token, TON, is intended to be used for various purposes (paying commissions to validators, stakes for validation, payment for proxy services), apart for paying for goods and services.
What crops up as one the most exciting features is their plan to use their 180 million Telegram users as a base to spread TON as a mainstream payment method, baring the potential to be a wide spread accepted cryptocurrency.
TON boasts of being a third generation blockchain solution with a much greater scaling that BTC and ETH.
If Telegram community adopt TON and are attracted to the products and services to be offered, it could well become a success, having in its favor already a large potential community of users and a big hype around it from investor. Product will not be deployed until Q2 2019, but it does have some proof-of-work milestones until then.
The cap is massive, which normally for invertors isn’t necessarily that great, but potential to mainstream is there which is where value could boost.
|