The Role of Telegram in Web 3 Projects

Karolina

05 Jul 2023
The Role of Telegram in Web 3 Projects

The next evolution of the internet, Web 3, has revolutionized our means of interaction, transactions, and online communication. Leading this technological advancement is Telegram, a widely used messaging platform that has rapidly gained popularity within the realms of blockchain, AI, and cryptocurrency. This article delves into the significance of Telegram's role in Web 3 projects – examining its secure and private messaging features, its potential as a communication medium for Web 3 communities, its integration with Telegram bots for Web 3 applications, its crucial role in ICOs and token sales, as well as its contribution to educating and raising awareness for the Web 3 ecosystem. Let's explore the influence of Telegram on the fascinating realm of Web 3.

Secure and Private Messaging on Telegram

As a messaging platform in the Web 3 domain, where privacy and security are of utmost importance, Telegram stands out for emphasizing user data protection. With end-to-end encryption, Telegram ensures that only the intended recipients can access messages, preventing unauthorized entry or eavesdropping. This high level of security is crucial when handling sensitive data and transactions in Web 3 applications.

Secure and Private Messaging on Telegram

Telegram also provides various privacy options, such as self-destruct timers for messages that automatically delete them after a set time. This functionality is especially beneficial for sharing temporary or classified information that must be securely removed from chat history.

Telegram has built a solid reputation for preserving user privacy compared to other messaging platforms. While some platforms have been criticized for data breaches or weak security protocols, Telegram's dedication to encryption and privacy has garnered the trust of numerous Web 3 projects.

Telegram: A Communication Channel for Web 3 Communities

For any Web 3 project to succeed, effective communication is vital, and Telegram serves as an invaluable communication medium for Web 3 communities. The platform presents two key features that foster communication: group chats and channels.

Telegram: A Communication Channel for Web 3 Communities

Telegram groups enable project teams, developers, and community members to collaborate, exchange ideas, and discuss updates in real-time. These groups serve as knowledge-sharing hubs where community members can engage with leaders, ask questions, and stay up-to-date.

In contrast, Telegram channels facilitate broadcasting information to larger audiences. Project teams typically use channels to share announcements, news, and educational resources related to Web 3 technologies. Users can follow these channels and receive consistent updates, keeping them informed about the project's latest progress within the wider Web 3 landscape.

By utilizing Telegram's communication capabilities, Web 3 communities can promote a sense of belonging, stimulate collaboration, and establish direct connections between project teams and their supporters. This kind of engagement and transparency ultimately contributes to the overall growth and success of Web 3 initiatives.

Web 3 Integration with Telegram Bots

Integration of Web 3 technologies into the messaging platform is significantly influenced by Telegram bots, which add automation and functionality to enhance user experience. Within Telegram, these programmable entities are customizable to perform a variety of tasks.

In relation to Web 3 projects, real-time market data, notifications, and transaction facilitation are often provided by Telegram bots. For instance, trading bots can fetch and display cryptocurrency prices, monitor market trends, and carry out trades based on predefined parameters, thus streamlining access to crucial market information and enabling users to make efficient, informed decisions.

Moreover, integration of Telegram bots with decentralized applications (DApps) on blockchain networks is possible. This allows users to engage with DApps directly via Telegram, simplifying their experience and eliminating the need to switch between platforms. Facilitating transactions, executing smart contracts, and seamless access to DApp functionalities are just a few examples of how bots contribute to making Web 3 applications more user-friendly and accessible.

The adaptability and expandability of Telegram bots render them invaluable for integrating Web 3. By utilizing these bots, projects can improve user interfaces, offer real-time data and notifications, and enhance the overall user experience in the Telegram environment.

BEST TELEGRAM BOTS

Conducting ICOs and Token Sales on Telegram

Web 3 projects commonly use Initial Coin Offerings (ICOs) and token sales as methods for raising funds and disseminating tokens among interested investors. As a result of its extensive user base, global outreach, and supportive features, Telegram has become a favored platform for hosting such fundraising events.

Public and private group features on Telegram allow project teams to actively engage with potential investors. Within these groups, project leaders can distribute project information, whitepapers, hold Q&A sessions to address investor concerns and build trust.

Furthermore, the channel feature on Telegram lets projects share updates, announcements, and token sale details with a broader audience. This enables projects to reach more potential investors and generate increased interest in their token offerings.

It is essential, however, to recognize the challenges of using Telegram for ICOs and token sales. The decentralized nature of cryptocurrencies means that scammers and dishonest projects could exploit the platform. Before participating in any Telegram-promoted ICO or token sale, investors must exercise caution and conduct thorough research.

Despite these challenges, Telegram continues to be a popular choice for Web 3 projects seeking to raise funds and connect with the crypto community. The platform's wide-ranging features and large user base make it an efficient means for conducting ICOs and token sales, bridging the gap between projects and potential investors, and promoting growth in the Web 3 ecosystem.

The Importance of Telegram in the Education and Awareness of Web 3

For the widespread adoption and understanding of Web 3 technologies, education and awareness play crucial roles. Telegram has become a key platform for sharing knowledge, offering valuable resources, and cultivating a sense of community within the Web 3 ecosystem.

Channels on Telegram focusing on blockchain, AI, and cryptocurrencies function as educational hubs where enthusiasts and experts exchange news, insights, tutorials, and research papers. Staying informed about the latest developments, emerging trends, and advancements in Web 3 technologies is made possible through these channels.

Telegram communities also enable discussions and debates on various Web 3-related topics. Members can participate in conversations, ask questions, and request advice from knowledgeable individuals within the community. This collaborative setting not only fosters learning but also supports networking and idea exchange among individuals with diverse backgrounds and expertise.

Table: The Importance of Telegram in Web 3 Education and Awareness

The real-time messaging capabilities of Telegram make it an excellent platform for hosting webinars, AMA (Ask Me Anything) sessions, and educational events. Experts and thought leaders can engage directly with the community by sharing their knowledge and addressing queries—thus enriching the learning experience and broadening awareness within the Web 3 domain.

In summary, Telegram plays a critical role in Web 3 education and awareness. It serves as a connector between experts, enthusiasts, and newcomers—facilitating knowledge dissemination, nurturing a learning culture, and contributing to the overall growth and maturation of the Web 3 ecosystem.

Conclusion

Within the Web 3 landscape, Telegram has positioned itself as an important contender by offering features catering to blockchain, AI, and cryptocurrency projects' needs. Its private messaging capabilities ensure security while connecting with Web 3 communities via group chats and channels.

Secure messaging through Telegram safeguards sensitive information while enabling seamless communication and collaboration between project teams and community members via group chats and channels. Bots integrated into Telegram further enhance engagement with Web 3 technologies while offering real-time data, automation, and access to decentralized applications.

With its immense popularity and extensive user base, Telegram has become the preferred platform for conducting ICOs and token sales. However, users should tread cautiously to avoid fraudulent endeavors.

Telegram's role in Web 3 education and awareness is also noteworthy. Through dedicated channels, communities, and educational events, it promotes knowledge sharing, spurs discussions, and raises awareness about Web 3 technology developments.

As the Web 3 ecosystem continues to mature and develop, Telegram's relevance is expected to grow. Its secure messaging, communication capabilities, integration potential, fundraising opportunities, and educational contributions establish it as an invaluable tool for Web 3 projects and the wider community. Utilizing Telegram can help projects flourish within the decentralized and interlinked world of Web 3.

Nextrope Tokenization Launchpad Platform

Nextrope Launchpad Platform is a White Label solution in a Software-as-a-Service model that helps you launch your project within a month and fundraise with Initial Coin Offering (ICO) or Security Token Offering (STO).

Our platform allows you to participate in the broad financial market of digital assets. Expand your reach and find investors globally. Tokenize your project and start raising capital within a month!

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Aethir Tokenomics – Case Study

Kajetan Olas

22 Nov 2024
Aethir Tokenomics – Case Study

Authors of the contents are not affiliated to the reviewed project in any way and none of the information presented should be taken as financial advice.

In this article we analyze tokenomics of Aethir - a project providing on-demand cloud compute resources for the AI, Gaming, and virtualized compute sectors.
Aethir aims to aggregate enterprise-grade GPUs from multiple providers into a DePIN (Decentralized Physical Infrastructure Network). Its competitive edge comes from utlizing the GPUs for very specific use-cases, such as low-latency rendering for online games.
Due to decentralized nature of its infrastructure Aethir can meet the demands of online-gaming in any region. This is especially important for some gamer-abundant regions in Asia with underdeveloped cloud infrastructure that causes high latency ("lags").
We will analyze Aethir's tokenomics, give our opinion on what was done well, and provide specific recommendations on how to improve it.

Evaluation Summary

Aethir Tokenomics Structure

The total supply of ATH tokens is capped at 42 billion ATH. This fixed cap provides a predictable supply environment, and the complete emissions schedule is listed here. As of November 2024 there are approximately 5.2 Billion ATH in circulation. In a year from now (November 2025), the circulating supply will almost triple, and will amount to approximately 15 Billion ATH. By November 2028, today's circulating supply will be diluted by around 86%.

From an investor standpoint the rational decision would be to stake their tokens and hope for rewards that will balance the inflation. Currently the estimated APR for 3-year staking is 195% and for 4-year staking APR is 261%. The rewards are paid out weekly. Furthermore, stakers can expect to get additional rewards from partnered AI projects.

Staking Incentives

Rewards are calculated based on the staking duration and staked amount. These factors are equally important and they linearly influence weekly rewards. This means that someone who stakes 100 ATH for 2 weeks will have the same weekly rewards as someone who stakes 200 ATH for 1 week. This mechanism greatly emphasizes long-term holding. That's because holding a token makes sense only if you go for long-term staking. E.g. a whale staking $200k with 1 week lockup. will have the same weekly rewards as person staking $1k with 4 year lockup. Furthermore the ATH staking rewards are fixed and divided among stakers. Therefore Increase of user base is likely to come with decrease in rewards.
We believe the main weak-point of Aethirs staking is the lack of equivalency between rewards paid out to the users and value generated for the protocol as a result of staking.

Token Distribution

The token distribution of $ATH is well designed and comes with long vesting time-frames. 18-month cliff and 36-moths subsequent linear vesting is applied to team's allocation. This is higher than industry standard and is a sign of long-term commitment.

  • Checkers and Compute Providers: 50%
  • Ecosystem: 15%
  • Team: 12.5%
  • Investors: 11.5%
  • Airdrop: 6%
  • Advisors: 5%

Aethir's airdrop is divided into 3 phases to ensure that only loyal users get rewarded. This mechanism is very-well thought and we rate it highly. It fosters high community engagement within the first months of the project and sets the ground for potentially giving more-control to the DAO.

Governance and Community-Led Development

Aethir’s governance model promotes community-led decision-making in a very practical way. Instead of rushing with creation of a DAO for PR and marketing purposes Aethir is trying to make it the right way. They support projects building on their infrastructure and regularly share updates with their community in the most professional manner.

We believe Aethir would benefit from implementing reputation boosted voting. An example of such system is described here. The core assumption is to abandon the simplistic: 1 token = 1 vote and go towards: Votes = tokens * reputation_based_multiplication_factor.

In the attached example, reputation_based_multiplication_factor rises exponentially with the number of standard deviations above norm, with regard to user's rating. For compute compute providers at Aethir, user's rating could be replaced by provider's uptime.

Perspectives for the future

While it's important to analyze aspects such as supply-side tokenomics, or governance, we must keep in mind that 95% of project's success depends on demand-side. In this regard the outlook for Aethir may be very bright. The project declares $36M annual reccuring revenue. Revenue like this is very rare in the web3 space. Many projects are not able to generate any revenue after succesfull ICO event, due to lack fo product-market-fit.

If you're looking to create a robust tokenomics model and go through institutional-grade testing please reach out to contact@nextrope.com. Our team is ready to help you with the token engineering process and ensure your project’s resilience in the long term.

Nextrope Partners with Hacken to Enhance Blockchain Security

Miłosz

21 Nov 2024
Nextrope Partners with Hacken to Enhance Blockchain Security

Nextrope announces a strategic partnership with Hacken, a renowned blockchain security auditor. It marks a significant step in delivering reliable decentralized solutions. After several successful collaborations resulting in flawless smart contract audits, the alliance solidifies the synergy between Nextrope's innovative blockchain development and Hacken's top-tier security auditing services. Together, we aim to set new benchmarks, ensuring that security is an integral part of blockchain technology.

Strengthening Blockchain Security

The partnership aims to fortify the security protocols within blockchain ecosystems. By integrating Hacken's comprehensive security audits with Nextrope's cutting-edge blockchain solutions, we are poised to offer unparalleled security features in our projects.

"Blockchain security should never be an afterthought"

"Our partnership with Hacken underscores our dedication to embedding security at the core of our blockchain solutions. Together, we're building a safer future for the industry."

said Mateusz Mach, CEO of Nextrope

About Nextrope

Nextrope is a forward-thinking blockchain development house specializing in creating innovative solutions for businesses worldwide. With a team of experienced developers and blockchain experts, Nextrope delivers high-quality, scalable, and secure blockchain applications tailored to meet the unique needs of each client.

About Hacken

Hacken is a leading blockchain security auditor known for its rigorous smart contract audits and security assessments. With a mission to make the industry safer, Hacken provides complex security services that help companies identify and mitigate vulnerabilities in their applications.

Looking Ahead

As a joint mission, both Nextrope and Hacken are committed to continuous innovation. We look forward to the exciting opportunities this partnership will bring and are eager to implement a more secure blockchain environment for all.

For more information, please contact:

Nextrope

Hacken

Join us on our journey to deliver top-notch blockchain tech and a safer future for the industry!