If you wish to invest on cryptocurrency, probably you read loads of news about bitcoin, altcoin, ethereum etc. every day. Another term is becoming popular fast is ICO – Initial Coin Offering. Well, and if we join Telegram and an ICO proposal, what will we have? Read it to understand now…
Trying to find the center on the action in cryptocurrency currently? Bitcoin is so passé – the big dollars is now in Initial Coin Offerings (ICOs).
Element investment safety (although they’re not), aspect ‘altcoin’ token with correct utility (even though there isn’t), ICOs are nonetheless attracting billions of dollars in speculative investment from a huge selection of thousands of people with a lot more income than sense.
At the center of this frenzy is 1 upcoming ICO, whose purported $2 billion valuation dwarfs all other folks – Telegram.
Founded by Russian entrepreneurs Pavel and Nikolai Durov who cashed out of their social media business VKontakte towards the tune of $300 million, Telegram is really a secure messaging app that competes with the like of WhatsApp.
‘Compete,’ even so, is misleading, since Telegram has no viable business model, as it tends to make no funds – on goal.
Further, it won’t be lengthy prior to the bitcoin economy is larger than the Baht economy anyway. So forgive me if this does not look like a stumbling block at all. It appears just like the twitching of a dying legacy currency. Move over Thai Baht, bitcoin does what it pleases.