Telegram Open Network (TON), a blockchain platform created by Pavel Durov, can compete with large companies operating in the field of cloud storage, DNS services, and anonymizers. By 2026, in each of these areas, the platform may take up to 10% of the global market. This is evidenced by the data of the report of the investment company Hash CIB, published by Kommersant.
Based on research by other companies, data from the US Securities and Exchange Commission and its own methodology, Hash CIB analysts calculated that the volume of TON Storage information service operations by 2026 could reach $17.1 billion per year.
In addition, the report calculated the fair value of the Gram token at the level of $5.9, which is 4.4 times higher than the price of $1.33 set at the second stage of the ICO.
At the same time, experts warn that their assessment may not reflect the real cost of cryptocurrency, since the market is unlikely to evaluate the Gram coin rationally, and a number of project risk factors may be leveled in the future.
At the same time, a number of other experts met with a similar assessment with a bit of skepticism. So, TMT Investments co-founder Artyom Inyutin believes that TON will not be able to occupy 10% of the DNS and data warehousing markets due to the blockchain-unicorns.
“It is important for the project to be ambitious. The TON platform has assembled a unique team, but they cannot get around companies with a capitalization of more than $1 billion,” he believes.
According to the managing partner of Leta Capital, Alexander Chachava, any popular instant messenger, primarily WeChat and Facebook, as well as blockchain projects that can quickly solve the problems of scalability and compatibility, can become a competitor to the Telegram blockchain platform.
The perspectives of the project on the VPN market also raise doubts among experts.
“As far as I know, the working concept of the proxy service has never been presented. Although I welcome the new technology in the VPN market, it’s hard to predict the value of what cannot be assessed yet,” TorGuard’s CEO Benjamin Van Pelt is skeptical.
The obvious advantage of the platform lies in an extensive user base, which in March 2018 reached 200 million people. At the same time, analysts say that the markets most demanded by the TON project in Western Europe, the USA, and Asia are still poorly covered.
“Another problem for the project of Pavel Durov could be the dependence on data centers located in Europe and the USA, and investments collected in dollars that can be frozen,” suggests Anton Rosenberg, ex-director of specific areas of one of the Telegram structures.
At the same time, he makes the main bet on the Gram cryptocurrency, which, in his opinion, is able to press Ethereum, but only in the case of the implementation of the “fast, stable and secure” blockchain.
Recall that the Telegram Open Network (TON) should become a “third generation blockchain” after Bitcoin and Ethereum with new-level capabilities. Gram tokens will be used for internal user payments.
In 2018, Telegram in two rounds of the closed ICO TON raised $1.7 billion from 175 investors.
Testing the blockchain platform Telegram Open Network (TON) is scheduled for later this month or early December.Leave a comment