TON (toncoin)

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Researching a TON of coins today

Personal bias: None. Chance of success: 4. Performance: 3.

Kayos gave me a short shill as to why he was invested into ton, here are my thoughts. Starting with some basic info, currently, 2,032 holders w the top 100 holders holding ~92% of the total supply, 51.4% of this is held by ftx exchange but that still leaves a big chunk of supply in the hands of a few holders. Price: $1.48, current price is a bit high for me, id start dcaing in at around $1 if you are planning on buying into this project. Current supply is 5,047,558,528 (CMC) with a total supply of 20,662,983,653.3 if we go of reported info on CMC. The current supply will 4x after full emissions, keeping in mind that this is a POS coin its all about their distribution plan. I wasn’t able to find this information. Now, why would you buy ton? First of all, telegram is behind toncoin and they have big plans, they want to implement apps on their chain and ton is the main coin behind this. There is a real use case for toncoin but I don’t see why bringing a product like telegram to web3 makes a big impact. It doesn’t add any value to telegram in my opinion. This doesn’t mean I can't see the price returning to ATH again because they have a reputation, which goes a long way in crypto. It wouldn’t surprise me if ton is listed on some major CEXs. this would be the best reason for me to invest into TON, I just don’t see why we need it so I look at it like it's a shitcoin with strong backing.

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