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Is Telegram’s new crypto the next Big Thing?

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Is Telegram's new crypto the next Big Thing?
Source: Coin Traffic

Gram is one of the hottest names in the crypto sphere, and with good reason. This unreleased coin, developed by Telegram, one of the world’s largest messaging apps, promises something truly revolutionary-mass adoption. How?

Well, Monfex Research, an analytical department of the industry-leading cryptocurrency trading platform, did an analysis of the Gram coin and came up with a few conclusions.

Gram has the potential to completely change Telegram’s monetization

The Telegram may boast a user base of over 300 million people, but currently, the company operates as a not-for-profit. Gram, however, could change all that. Monfex’s analysis shows that Gram will become the main revenue driver for Telegram and generate incremental net revenue of $4 billion by 2022.

This could be accomplished by taking the following assumptions. First, according to Telegram’s estimated growth rates, the company plans that its active monthly users will grow by 50% each year, capping at 1 billion users by 2022.

Secondly, annual net revenue per user will be around $5. This number was reached by comparing Gram’s nearest competitors, Google Pay, and WeChat Pay, who earn $6 and $5.6 annually per user, respectively.

Telegram will reach a positive net profit by 2020

Once the Gram token is released, an estimated 300 million people will suddenly have access to cryptocurrency in the palm of their hands, without needing any extra technical knowledge or equipment.

This means that these users can start transacting in Gram immediately – Monfex estimates that it would not be unreasonable to assume that up to 80% of the total userbase could immediately become Gram users.

Based on our model, we believe that by 2020 Telegram will become a highly profitable company with a double-digit net profit margin. This, in turn, will drive further interest in Telegram and raise the value of the Gram token.

Gram is set to become the first mass-market cryptocurrency

Currently, cryptocurrencies such as Bitcoin, OmiseGo, Dash, and others serve more as speculative instruments for investors and traders than a currency that you can use for everyday tasks. However, Gram has the potential to change all that, by capitalizing on its massive user base.

Telegram estimates that it will have 1 billion users by 2022-very nearly the population of India-and around 80% of them will transact in Gram. They’ll be able to send money to other Gram users, and purchase items directly from online stores, as well as take advantage of a variety of new services that Telegram is also planning to launch.

Gram’s ease of use, combined with its massive user base, means that it can truly turn cryptocurrencies from a trading instrument, into everyday usage.

Early investors will receive a substantial return on investment

A large amount of Gram’s hype is due to the fact that it raised the second-largest non-governmental ICO in history-$1.7 billion. However, only accredited investors were allowed to participate.

Those lucky participants can expect significant price appreciation for their tokens, as Telegram has committed to 1 to 1 conversion rate for Telegram token holders. This combined with the estimated $4 billion in revenue by 2022, as well as mass adoption thanks to Telegram’s massive user base, means that there are good chances for the Gram price to rise noticeably after release, significantly rewarding token-holders who were able to participate in the ICO.

Ultimately, Gram is well positioned to become the world’s first mass-market cryptocurrency, by virtue of its rapidly growing user base, its technological advances [up to millions of transactions per second], and annual net user revenue.

This means that Telegram will begin to generate healthy profits, driving interest in the Gram token, while everyday users will be able to transact, transfer money, buy and sell all from their smartphone, with no middlemen or additional fees.

Get the best trade ideas and crypto analytics at Monfex.com

This analysis, created by experienced and professional analysts at Monfex, is just one of many. Monfex is the industry-leading cryptocurrency trading platform, letting you trade the 12 most liquid cryptos, open long and short positions, and magnify potential gains with up to 50:1 leverage!

What is leveraged trading?

Trading with leverage, also known as margin trading, allows you to increase the trading power of your account balance significantly, boosting your profits.

Open an account at Monfex and start trading cryptocurrency today! And if you’d like to see more expert, high-quality analyses – follow Monfex on social media and sign up for the weekly newsletter to receive the latest crypto news, trade ideas, and technical analysis every week!

Monfex Research Department
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Press Release

SnapEX: a Contract Trading Platform for everyone-Featuring as app, A web Trader and Discounted Fees

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A Contract trading Platform for everyone--Featuring as app, A web Trader and Discounted Fees
Source: SnapEX

Hong Kong-SnapEx, a new cryptocurrency contract trading platform has just launched a web trader and offering 50% off its transaction fees until further notice.

Contract trading – a financial instrument that allows traders to profit from market movements without owning the trading asset – is relatively new in the crypto market. There are only a few platforms offering crypto contract trading and are mostly catered for experienced traders. SnapEx, on the other hand, is created for the every day trader – making it an ideal option for everyone from first-time to seasoned traders.

Unlike other contract trading platforms, the digital asset prices on SnapEx are far more stable – achieved by using a K-line weighted average drawn from 4 major crypto exchanges. There is also zero platform spread which minimizes slippages.

Users can trade contracts on SnapEx from as low as 5 USDT and leverage as high as 100x. The low entry bar into contract trading on SnapEx aims to attract both crypto and non-crypto traders while encouraging greater adoption of the blockchain industry.

Ee Wui Yang, the CMO of SnapEx, said,

“We created SnapEx for everyone, no matter your age, gender or trading expertise. In fact, we’ve made it as easy as possible for even novice users to trade easily on our platform. We have lots of plans to roll-out in the near future, and we can’t wait to share the news with all of you.”

With the official launch of SnapEx web trader, users can choose to trade using the app, web trader or both. Those who prefer trading exclusively on a PC or laptop can now trade easily from their desktops.

SnapEx web trader features an integrated trading view, industrial grade charts, a full range of TA tools, and modular viewing panels that allow users to shift layouts to their preference – including choosing between light or dark themes. The user-friendly toolbars on the web trader also allow users to quickly gain access to available trading pairs on the platform.

With SnapEx contract trading, you can easily hedge market risks with only a small amount of capital and without needing to purchase the actual trading asset. In addition, SnapEx contract trading does not have an expiry date, which allows the flexibility to close positions according to market changes.

Since its launch early this year, SnapEx has entered into a series of strategic partnerships with industry-leading platforms like EcoTree [South Korea’s leading new cryptocurrency promotion company], Coin25ex [a large real-time cryptocurrency trading platform based in South Korea], and Bestex [a professional digital asset spot trading service provider].

Ee Wui Yang, the CMO of SnapEx, stated,

“These tripartite partnerships were made in a bid to create greater value for all our traders, with both parties reaching a consensus of empowering user autonomy and returning real value to our users. We’re in this for the long haul and looking forward to making crypto contract trading accessible to everyone.”

SnapEx is rapidly expanding, continuously improving its products and offerings, and currently in the process of securing more key partnerships to multiply value for crypto contract traders and bolster relationships within the blockchain industry. The team is in this for the long haul and committed to becoming a new global force in this exciting, bourgeoning cryptocurrency trading space.

About SnapEx

SnapEx is a global service-oriented digital currency contract trading platform created and managed by a professional R&D and dedicated management team. The platform provides a user-friendly yet robust trading system, secure and rigorous fund management, and intimate services.

SnapEx is headquartered in Hong Kong and has offices in many parts of the world, including Seychelles, Singapore, South Korea, Japan, Malaysia, Vietnam, and many more.

With its easy-to-use and systematic trading solutions, SnapEx encourages users to make more rational professional contract trading decisions in a verifiable, self-disciplined, and programmable manner.

Media Contact

Daniel Mehta

+60106540023

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