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Yes like any other ICO this is risky. However there is a big difference between this and other crytocoins: there is already a large base of pre-existing users o
by chaostheory 9y ago
Yes like any other ICO this is risky. However there is a big difference between this and other crytocoins: there is already a large base of pre-existing users of Telegram. With TON, Telegram has the potential to become WeChat outside of China.
- neuralzen 9y agoLook what happened with Kik's KIN though. That had similar positioning (though not the same vision). 1.2B seems insanely high, even with their numerous goals.
- objclxt 9y ago> there is already a large base of pre-existing users of Telegram The base is 180 million MAUs as of December 2017, and they're not growing as fast as other messaging services have in the past (in Feb 2016 they had 100 million MAUs, so in just under two years that's ~80% growth). So yes, they have a large base of pre-existing users. But I don't think it is clear that this base of users is going to continue to grow exponentially, and they're not growing as fast as they arguably should be.
- chaostheory 9y agoI feel that its actual potential utility as a crypto currency platform is more important than its current position as an IM platform. A better argument would be to point out what happened with Kik
- skinnymuch 9y agoThat seems like good growth. Other messaging apps are growing faster? I don’t doubt it. Just surprised. Do you know which ones?
- SkyMarshal 9y agoIt also has the potential to ruin their business by introducing a token into an app that doesn't actually need one.
- sova 9y agoThe question nobody is asking is "how does this token benefit from the value of the app, and how does this app benefit from the presence of a token?" It's a messaging app, right? Not every stall needs its own Starbucks Giftcard.
- sixQuarks 9y agoYouNow's upcoming Props ICO has 40 million users.