Buy Toncoin

What’s Happening?

On-Chain Metrics showing that addresses holding more than $1,000 worth of $TON are drastically increasing beginning in May 2024.

$TON is consolidating inside of key range and forming an ascending triangle. A break above this trend may send prices to $7.50 or higher.

Pantera Capital invested a significant amount of capital in the beginning of May, hoping to capitalize on Telegram.

Fealty’s Foundational Reasons

Toncoin received major support and investment from Venture Capital firm Patera Capital, catapulting its market cap and recognition.

Telegram is poised to offer a seamless and borderless way of P2P transactions with its user base. Telegram has over 900 Million users monthly.

$TON market cap and 24hr trading volume has increased to #8 and #32, respectively.

Toncoin’s Origin

$TON was developed by Telegram, a popular messaging app founded by Pavel Durov. It was intended to be a blockchain platform that could host a variety of decentralized services, including payments and file storage.

ICO: Telegram raised a significant amount of money through a private initial coin offering (ICO) in early 2018. The ICO reportedly raised around $1.7 billion from investors worldwide, making it one of the largest ICOs in history.

Regulatory Challenges: Despite its ambitious plans, TON faced regulatory challenges from various countries, including the United States. The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Telegram, alleging that the ICO violated securities laws by offering unregistered securities. This legal battle led to delays and ultimately the abandonment of the TON project.

Dissolution: In May 2020, Pavel Durov announced that Telegram would be abandoning its plans to launch TON and the Gram cryptocurrency due to the ongoing legal challenges. As part of a settlement with the SEC, Telegram agreed to return $1.2 billion to investors and pay an $18.5 million civil penalty.

Alternative Developments: Despite the dissolution of the original TON project, some developers have continued to work on alternative implementations of the TON blockchain and the Gram cryptocurrency. However, these projects are not officially associated with Telegram or Pavel Durov.

Impact: The TON project's rise and fall sparked considerable interest and debate within the cryptocurrency community about the regulatory challenges facing blockchain projects and the role of ICOs in fundraising.

Why is Toncoin a Buy Now?

Although there have been several reasons to avoid this project, due to the legal and regulatory issues in the past, we are incredibly excited about the future of this project. As stated above, developers have continued to work on alternative implementations of TON blockchain throughout the past few years. Notably, keeping the same fundamentals that were written by the creator and his brother.

In the beginning of May, Pantera Capital - one of the flagships for Venture Capital firms involved in cryptocurrency - invested a large sum of money into the project. Their hopes are to capitalize on the Telegram user base by offering seamless P2P transactions. This is massive because the number of users on Telegram is close to 1 Billion monthly users.

This investment put TON back on the map and moved their Market Capitalization into the top 10 of all cryptocurrencies. This brings faith back into the project, and rightfully so, as it was one of the largest ICO offerings back in early 2018.

With the new involvement of Pantera Capital, along with a clear road of goals established by new developers that are keeping the original plans stated in the Whitepaper - we are ecstatic about the future of this project and what it will allow Telegram’s users to do.

Toncoin’s Potential Pitfalls

Obviously TON is still dealing with regulatory issues which could lead to price volatility.

Although the new developers have been sticking to the same “coding” of the original whitepaper, there is still risk that these new developers can change the way things work. This could create uncertainty and doubt.

Telegram users may not be as willing to use P2P payments on their app.

The Ideal Investor

This may be suitable for investors with a deep understanding of cryptocurrencies and how they work because of the complexity of the project. All investors in this project should be able to handle a large degree of risk and volatility. They should be aware that their investment may go to zero. Lastly, suitable investors must be willing to hold their position through multiple up-and-down price swings, as this is a medium to long-term investment recommendation.

Who Might Look Elsewhere

Investors who get uncomfortable with seeing high volatility and price drops for a long period of time. Investors that need liquidity and capital for near term expenses should avoid this investment because there is no way to know when price will increase and stay high. Lastly, investors with little-to-no experience in cryptocurrencies should avoid this investment because of the high complexity associated with this project and the need to understand the inner-workings of how cryptocurrencies work plays an important part in understanding the updates the TON Blockchain team provides.