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Comment by thebiglebrewski | Hacker News Reader

Would it be wise to invest in this?

On Reddit someone shared a Facebook ad they were getting about this. It's being hyped like TRON and will likely share a similar fate.

"Today price $0.8 after ICO $50"

https://i.imgur.com/lxGE0dz.jpg

The TRON hype train has been getting a lot of kickback recently on Reddit - claims they have been stealing content from other white papers and copying non attributed GPL code from other projects - current market cap 4.7 Billion - make of that what you will :-)

* https://www.reddit.com/r/CryptoCurrency/comments/7qfjef/tron...

Note that TRON != TON?

Yes good point - I was replying to the above comment:

> It's being hyped like TRON

Mmmm, securities fraud. Did Telegram just officially say that their token will go up from $0.80 to $50? Or is Facebook allowing scammers to create fake official pages?

(On another note, ICO pricing around $1 seems like it will inevitably trigger the "I can't even afford one coin" effect. Pricing the ICO around one cent (with 100x more coins outstanding, of course) would give more breathing room.)

They're saying that if you pay them today, you get them for $0.80 as a "ico pre-sale". Then during the real ICO, coins will be available from them for $50. Nothing about market price

If they're available for $50 after it means the market price has gone up, if they can sell them at $50 why can't you? Securities/Tokens are a two way street not your typical discount aisle.

>Did Telegram just officially say that their token will go up from $0.80 to $50? Or is Facebook allowing scammers to create fake official pages?

The latter. See https://www.financemagnates.com/cryptocurrency/news/breaking...

Note that the website in the Facebook ad is likely a scam: https://bitcointalk.org/index.php?topic=2632441.80

Looks like a scam capitalizing on the press around TON. The article said sales wont be until march but this ad is saying you can buy them now.

I think what's interesting about this ICO is that their product is a natural fit with the blockchain ideology. Because of the encryption of telegram, people are already using for communications that they don't want observed by the authorities (eg telegrass). Adding cyptocurrency to this allows them now to exchange "money" for goods/services without having to resort to traditional money, credit cards. This would close the loop and create a compelling package, IMO.

I'm not an expert at all in this realm - but it seems to me that this is one ICO that has a good chance.

Lockup period means this ICO will behave differently than some of the other coins that have come out recently, and there's no way to tell what the market (or regulatory atmosphere) will be like in 6-18 month. It's speculation, just like all the other ICOs, but at least Telegram is a viable platform with a good use case for the coin.

Reply on news.ycombinator.com