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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!

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Press Release

Are Blockchain Casinos on the rise?

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Are Blockchain Casinos on the rise?
Source: Pixabay

Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

Source: Buzz Engine

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