Telegram, Signal reportedly developing digital coins

[Unblock_news]

Aside from Facebook’s digital coin for their WhatsApp messaging platform, Telegram and Signal are also among the messaging platforms developing their own digital coins.

More info here: https://www.unblock.news/news/telegram-signal-reportedly-developing-digital-coins

[o_e_l_e_o]

Yawn. Just like with Facebook's "coin", I would bet a large amount of BTC that neither Telegram's or Signal's new "coin" will be cryptocurrency at all. They will be entirely centralized, and in all likelihood the company in question will retain complete power to reverse transactions, intervene in disputes, and freeze accounts if you are doing something they don't like. I doubt they will even use blockchain, and if they do, it will be a private one with only a handful of nodes all controlled by said company, and therefore next to pointless.

They will call them cryptocurrencies, and no doubt many people will believe them, but they will just be more centralized trash.

[MakeMoneyBtc]

We have to keep in mind that all of this companies announced they will create their own digital coins, not cryptocurrencies so there is no reason to talk about this here. If they are going to create coins that run on their own blockchain ,just like JP Coin then this would not affect cryptocurrency market a lot since they are totally different.

[Reid]

It seems like they have been creating such coin just because they see bitcoin at a growing stage.
I would not invest money or time and effort with this or it will just be a waste.

A project created from envy will just go down or will not even get up.
Let us support bitcoin directly so that this new creators of coins will see that we are just supporting bitcoin and not them.
You could already see the purpose of it from far away.

[boyptc]

AFAIK telegram already launched their ICO last year and its ticker was 'TON'.

They collected around $1.7B as per google says but right now, there's not that much attention after that huge collection.

[tippytoes]

AFAIK telegram already launched their ICO last year and its ticker was 'TON'.

They collected around $1.7B as per google says but right now, there's not that much attention after that huge collection.

I wonder if the amount is real or just pure manipulation of numbers. The real investors should be complaining in case no progress up until now. But anyway, such creation of their digital coins proves that crypto adoption is really going stronger everyday and that's good for us in the crypto market.

[boyptc]

AFAIK telegram already launched their ICO last year and its ticker was 'TON'.

They collected around $1.7B as per google says but right now, there's not that much attention after that huge collection.

I wonder if the amount is real or just pure manipulation of numbers. The real investors should be complaining in case no progress up until now. But anyway, such creation of their digital coins proves that crypto adoption is really going stronger everyday and that's good for us in the crypto market.

It can be manipulated but seems no one didn't go through deep digging about those numbers.

Adoption is getting stronger but the ugly part of it is that there are more useless projects coming thinking of becoming rich overnight with their ideas.

[neonshium]

Aside from Facebook’s digital coin for their WhatsApp messaging platform, Telegram and Signal are also among the messaging platforms developing their own digital coins.

More info here: https://www.unblock.news/news/telegram-signal-reportedly-developing-digital-coins

I don't think all this platform are ready to create a cryptocurrency but just a digital currency that would only be used for running ads on their platforms or maybe to grant access to some features on the platform.

After all, I believe that telegram might implement blockchain technology into it's system because they have always been a fan of crypto, telegram actually used the idea of anonymity in crypto to build it's platform and they always give away Btc and ETH anytime there is a down time in their platform.

[bigcash2011]

Basically it was telegram which was developing a blockchain based decentralized messenger and now facebook seems to be riding the blockchain wave as well and i think these are really good signs for the future of the blockchain technology so that is why i think crypto community needs to be happy about all these events.

[timmmers]

I have heard only few informations about Telegram Coin - TON, that it id a new competitor to Ethereum and EOS. But why I should support it when ICO was only for private investors? Where is the decentralization?

[upsidedown75]

I personally think the coin will make wave because it promises to user friendly and this would really encourage new investors and they have also planned removing the idea of users always monitoring their trade since their platform will do this behalf of it customers. And the idea of having a 24/7 customer service is really a good innovative because  because  customers always want an active customer support in case of complains and with their promises of attending to all complains effectively via telegram/emails is really super cool.

I am aware the coin allows immediate withdrawal and the fees needed to start up isn’t so much, so its possible many will be willing to invest with this coin and it would turn out to be a profitable investment. I should consider too.

[fasdorcas]

I have heard only few informations about Telegram Coin - TON, that it id a new competitor to Ethereum and EOS. But why I should support it when ICO was only for private investors? Where is the decentralization?

Yes, I don't see any need in investing in the coin since it was only sold to private investors.

I don't know the purpose for the creation of their coin but I don't think it was created for the crypto community because if it where to be created for the crypto community.

I think there would be an official announcement from telegram about the coin and what it's about but that hasn't obviously been done. Let's just wait and see what the future holds for the telegram users, they might change their mind and run an STO.

[onetrinity]

It is good for the crypto community as it raises awareness regarding cryptocurrency (even though it is centralized one). It will be good as well as consumers if we'll be able to send money thru messaging app then encash them on our traditional ATMs or use in real world as payment system.

[xianbits]

AFAIK telegram already launched their ICO last year and its ticker was 'TON'.

They collected around $1.7B as per google says but right now, there's not that much attention after that huge collection.

I wonder if the amount is real or just pure manipulation of numbers. The real investors should be complaining in case no progress up until now. But anyway, such creation of their digital coins proves that crypto adoption is really going stronger everyday and that's good for us in the crypto market.

There are issues that the TON project is a scam-like one. And personally, I would agree. I remember the time when the ICO is still ongoing, the sold numbers grew up so fast than any other ICO I have witnessed since I entered here. And if you'll read news, this one is just out of the limelight.

[onetrinity]

AFAIK telegram already launched their ICO last year and its ticker was 'TON'.

They collected around $1.7B as per google says but right now, there's not that much attention after that huge collection.

I wonder if the amount is real or just pure manipulation of numbers. The real investors should be complaining in case no progress up until now. But anyway, such creation of their digital coins proves that crypto adoption is really going stronger everyday and that's good for us in the crypto market.

There are issues that the TON project is a scam-like one. And personally, I would agree. I remember the time when the ICO is still ongoing, the sold numbers grew up so fast than any other ICO I have witnessed since I entered here. And if you'll read news, this one is just out of the limelight.

Yes I heard about this one too making it more centralized as ever. It's like selling pancakes but those who bought it all are your friends, which is not good for something like crypto.

[Absolutep]

It would have been a good news for us but the fact that most of these coins are coming as a result of trying to compete with bitcoin and the fact that it may be centralized is another issue,i guess we just need to wait and see how far this action will affect the crypto sphere.

[taufik123]

It would have been a good news for us but the fact that most of these coins are coming as a result of trying to compete with bitcoin and the fact that it may be centralized is another issue,i guess we just need to wait and see how far this action will affect the crypto sphere.

Messaging platforms such as Facebook, WhatsApp and Telegram will certainly affect the current crypto scope. because they already have a platform that is ready to use and the coins they have will be used inside the messaging platform. but to match like bitcoin and ETH might be difficult.

[xianbits]

It would have been a good news for us but the fact that most of these coins are coming as a result of trying to compete with bitcoin and the fact that it may be centralized is another issue,i guess we just need to wait and see how far this action will affect the crypto sphere.

Messaging platforms such as Facebook, WhatsApp and Telegram will certainly affect the current crypto scope. because they already have a platform that is ready to use and the coins they have will be used inside the messaging platform. but to match like bitcoin and ETH might be difficult.

I think differently. Yes, they might be an established messaging app with a lot of users but to say it will affect affect the crypto scope is premature for me. The function is more like Grab Points than the idea of a cryptocurrency.

[prtty2gal2]

Yawn. Just like with Facebook's "coin", I would bet a large amount of BTC that neither Telegram's or Signal's new "coin" will be cryptocurrency at all. They will be entirely centralized, and in all likelihood the company in question will retain complete power to reverse transactions, intervene in disputes, and freeze accounts if you are doing something they don't like. I doubt they will even use blockchain, and if they do, it will be a private one with only a handful of nodes all controlled by said company, and therefore next to pointless.

They will call them cryptocurrencies, and no doubt many people will believe them, but they will just be more centralized trash.

I think you must have had rough experiences with some of this trash coins and I hope this wouldn’t turn so. Well I personally think this one would have better prospects and possibly would last long in the market because of some of its features which would necessarily attract good investors. I do not see telegram coin failing not with the affiliate program they have put in place.

Here you only sign up and just be recommending telegram coin to other new users and and get 9 percent referral deposit commission. This is mouth is mouthwatering and am very sure a lot of users would like to even refer more users so as to get the referral commission hereby giving growth opportunity to the coin.

[upsidedown75]

And the source of this news? Is it a verified source or another scam promoting site because I once remembered vividly that I participated in this same Telegram some years back which I invest with over a thousand five hundred usd and they ended up closing their website and deleting their Facebook page though few people claim that the project was not from telegram.

But, I doubt if it was refuted by the telegram group themselves and same as Facebook too, if both of them can come up with a genuine ICO, it will really be a nice one and one that will give investors peace of mind about their investment and until I see the project full and investigate. It’s a rumor.