The Role of Telegram in Web 3 Projects


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.


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.


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!

Most viewed

Never miss a story

Stay updated about Nextrope news as it happens.

You are subscribed

Applying Game Theory in Token Design

Kajetan Olas

16 Apr 2024
Applying Game Theory in Token Design

Blockchain technology allows for aligning incentives among network participants by rewarding desired behaviors with tokens.
But there is more to it than simply fostering cooperation. Game theory allows for designing incentive-machines that can't be turned-off and resemble artificial life.

Emergent Optimization

Game theory provides a robust framework for analyzing strategic interactions with mathematical models, which is particularly useful in blockchain environments where multiple stakeholders interact within a set of predefined rules. By applying this framework to token systems, developers can design systems that influence the emergent behaviors of network participants. This ensures the stability and effectiveness of the ecosystem.

Bonding Curves

Bonding curves are tool used in token design to manage the relationship between price and token supply predictably. Essentially, a bonding curve is a mathematical curve that defines the price of a token based on its supply. The more tokens that are bought, the higher the price climbs, and vice versa. This model incentivizes early adoption and can help stabilize a token’s economy over time.

For example, a bonding curve could be designed to slow down price increases after certain milestones are reached, thus preventing speculative bubbles and encouraging steadier, more organic growth.

The Case of Bitcoin

Bitcoin’s design incorporates game theory, most notably through its consensus mechanism of proof-of-work (PoW). Its reward function optimizes for security (hashrate) by optimizing for maximum electricity usage. Therefore, optimizing for its legitimate goal of being secure also inadvertently optimizes for corrupting natural environment. Another emergent outcome of PoW is the creation of mining pools, that increase centralization.

The Paperclip Maximizer and the dangers of blockchain economy

What’s the connection between AI from the story and decentralized economies? Blockchain-based incentive systems also can’t be turned off. This means that if we design an incentive system that optimizes towards a wrong objective, we might be unable to change it. Bitcoin critics argue that the PoW consensus mechanism optimizes toward destroying planet Earth.

Layer 2 Solutions

Layer 2 solutions are built on the understanding that the security provided by this core kernel of certainty can be used as an anchor. This anchor then supports additional economic mechanisms that operate off the blockchain, extending the utility of public blockchains like Ethereum. These mechanisms include state channels, sidechains, or plasma, each offering a way to conduct transactions off-chain while still being able to refer back to the anchored security of the main chain if necessary.

Conceptual Example of State Channels

State channels allow participants to perform numerous transactions off-chain, with the blockchain serving as a backstop in case of disputes or malfeasance.

Consider two players, Alice and Bob, who want to play a game of tic-tac-toe with stakes in Ethereum. The naive approach would be to interact directly with a smart contract for every move, which would be slow and costly. Instead, they can use a state channel for their game.

  1. Opening the Channel: They start by deploying a "Judge" smart contract on Ethereum, which holds the 1 ETH wager. The contract knows the rules of the game and the identities of the players.
  2. Playing the Game: Alice and Bob play the game off-chain by signing each move as transactions, which are exchanged directly between them but not broadcast to the blockchain. Each transaction includes a nonce to ensure moves are kept in order.
  3. Closing the Channel: When the game ends, the final state (i.e., the sequence of moves) is sent to the Judge contract, which pays out the wager to the winner after confirming both parties agree on the outcome.

A threat stronger than the execution

If Bob tries to cheat by submitting an old state where he was winning, Alice can challenge this during a dispute period by submitting a newer signed state. The Judge contract can verify the authenticity and order of these states due to the nonces, ensuring the integrity of the game. Thus, the mere threat of execution (submitting the state to the blockchain and having the fraud exposed) secures the off-chain interactions.

Game Theory in Practice

Understanding the application of game theory within blockchain and token ecosystems requires a structured approach to analyzing how stakeholders interact, defining possible actions they can take, and understanding the causal relationships within the system. This structured analysis helps in creating effective strategies that ensure the system operates as intended.

Stakeholder Analysis

Identifying Stakeholders

The first step in applying game theory effectively is identifying all relevant stakeholders within the ecosystem. This includes direct participants such as users, miners, and developers but also external entities like regulators, potential attackers, and partner organizations. Understanding who the stakeholders are and what their interests and capabilities are is crucial for predicting how they might interact within the system.

Stakeholders in blockchain development for systems engineering

Assessing Incentives and Capabilities

Each stakeholder has different motivations and resources at their disposal. For instance, miners are motivated by block rewards and transaction fees, while users seek fast, secure, and cheap transactions. Clearly defining these incentives helps in predicting how changes to the system’s rules and parameters might influence their behaviors.

Defining Action Space

Possible Actions

The action space encompasses all possible decisions or strategies stakeholders can employ in response to the ecosystem's dynamics. For example, a miner might choose to increase computational power, a user might decide to hold or sell tokens, and a developer might propose changes to the protocol.

Artonomus, Github

Constraints and Opportunities

Understanding the constraints (such as economic costs, technological limitations, and regulatory frameworks) and opportunities (such as new technological advancements or changes in market demand) within which these actions take place is vital. This helps in modeling potential strategies stakeholders might adopt.

Artonomus, Github

Causal Relationships Diagram

Mapping Interactions

Creating a diagram that represents the causal relationships between different actions and outcomes within the ecosystem can illuminate how complex interactions unfold. This diagram helps in identifying which variables influence others and how they do so, making it easier to predict the outcomes of certain actions.

Artonomus, Github

Analyzing Impact

By examining the causal relationships, developers and system designers can identify critical leverage points where small changes could have significant impacts. This analysis is crucial for enhancing system stability and ensuring its efficiency.

Feedback Loops

Understanding feedback loops within a blockchain ecosystem is critical as they can significantly amplify or mitigate the effects of changes within the system. These loops can reinforce or counteract trends, leading to rapid growth or decline.

Reinforcing Loops

Reinforcing loops are feedback mechanisms that amplify the effects of a trend or action. For example, increased adoption of a blockchain platform can lead to more developers creating applications on it, which in turn leads to further adoption. This positive feedback loop can drive rapid growth and success.

Death Spiral

Conversely, a death spiral is a type of reinforcing loop that leads to negative outcomes. An example might be the increasing cost of transaction fees leading to decreased usage of the blockchain, which reduces the incentive for miners to secure the network, further decreasing system performance and user adoption. Identifying potential death spirals early is crucial for maintaining the ecosystem's health.

The Death Spiral: How Terra's Algorithmic Stablecoin Came Crashing Down
the-death-spiral-how-terras-algorithmic-stablecoin-came-crashing-down/, Forbes


The fundamental advantage of token-based systems is being able to reward desired behavior. To capitalize on that possibility, token engineers put careful attention into optimization and designing incentives for long-term growth.


  1. What does game theory contribute to blockchain token design?
    • Game theory optimizes blockchain ecosystems by structuring incentives that reward desired behavior.
  2. How do bonding curves apply game theory to improve token economics?
    • Bonding curves set token pricing that adjusts with supply changes, strategically incentivizing early purchases and penalizing speculation.
  3. What benefits do Layer 2 solutions provide in the context of game theory?
    • Layer 2 solutions leverage game theory, by creating systems where the threat of reporting fraudulent behavior ensures honest participation.

Token Engineering Process

Kajetan Olas

13 Apr 2024
Token Engineering Process

Token Engineering is an emerging field that addresses the systematic design and engineering of blockchain-based tokens. It applies rigorous mathematical methods from the Complex Systems Engineering discipline to tokenomics design.

In this article, we will walk through the Token Engineering Process and break it down into three key stages. Discovery Phase, Design Phase, and Deployment Phase.

Discovery Phase of Token Engineering Process

The first stage of the token engineering process is the Discovery Phase. It focuses on constructing high-level business plans, defining objectives, and identifying problems to be solved. That phase is also the time when token engineers first define key stakeholders in the project.

Defining the Problem

This may seem counterintuitive. Why would we start with the problem when designing tokenomics? Shouldn’t we start with more down-to-earth matters like token supply? The answer is No. Tokens are a medium for creating and exchanging value within a project’s ecosystem. Since crypto projects draw their value from solving problems that can’t be solved through TradFi mechanisms, their tokenomics should reflect that. 

The industry standard, developed by McKinsey & Co. and adapted to token engineering purposes by Outlier Ventures, is structuring the problem through a logic tree, following MECE.
MECE stands for Mutually Exclusive, Collectively Exhaustive. Mutually Exclusive means that problems in the tree should not overlap. Collectively Exhaustive means that the tree should cover all issues.

In practice, the “Problem” should be replaced by a whole problem statement worksheet. The same will hold for some of the boxes.
A commonly used tool for designing these kinds of diagrams is the Miro whiteboard.

Identifying Stakeholders and Value Flows in Token Engineering

This part is about identifying all relevant actors in the ecosystem and how value flows between them. To illustrate what we mean let’s consider an example of NFT marketplace. In its case, relevant actors might be sellers, buyers, NFT creators, and a marketplace owner. Possible value flow when conducting a transaction might be: buyer gets rid of his tokens, seller gets some of them, marketplace owner gets some of them as fees, and NFT creators get some of them as royalties.

Incentive Mechanisms Canvas

The last part of what we consider to be in the Discovery Phase is filling the Incentive Mechanisms Canvas. After successfully identifying value flows in the previous stage, token engineers search for frictions to desired behaviors and point out the undesired behaviors. For example, friction to activity on an NFT marketplace might be respecting royalty fees by marketplace owners since it reduces value flowing to the seller.


Design Phase of Token Engineering Process

The second stage of the Token Engineering Process is the Design Phase in which you make use of high-level descriptions from the previous step to come up with a specific design of the project. This will include everything that can be usually found in crypto whitepapers (e.g. governance mechanisms, incentive mechanisms, token supply, etc). After finishing the design, token engineers should represent the whole value flow and transactional logic on detailed visual diagrams. These diagrams will be a basis for creating mathematical models in the Deployment Phase. 

Token Engineering Artonomous Design Diagram
Artonomous design diagram, source: Artonomous GitHub

Objective Function

Every crypto project has some objective. The objective can consist of many goals, such as decentralization or token price. The objective function is a mathematical function assigning weights to different factors that influence the main objective in the order of their importance. This function will be a reference for machine learning algorithms in the next steps. They will try to find quantitative parameters (e.g. network fees) that maximize the output of this function.
Modified Metcalfe’s Law can serve as an inspiration during that step. It’s a framework for valuing crypto projects, but we believe that after adjustments it can also be used in this context.

Deployment Phase of Token Engineering Process

The Deployment Phase is final, but also the most demanding step in the process. It involves the implementation of machine learning algorithms that test our assumptions and optimize quantitative parameters. Token Engineering draws from Nassim Taleb’s concept of Antifragility and extensively uses feedback loops to make a system that gains from arising shocks.

Agent-based Modelling 

In agent-based modeling, we describe a set of behaviors and goals displayed by each agent participating in the system (this is why previous steps focused so much on describing stakeholders). Each agent is controlled by an autonomous AI and continuously optimizes his strategy. He learns from his experience and can mimic the behavior of other agents if he finds it effective (Reinforced Learning). This approach allows for mimicking real users, who adapt their strategies with time. An example adaptive agent would be a cryptocurrency trader, who changes his trading strategy in response to experiencing a loss of money.

Monte Carlo Simulations

Token Engineers use the Monte Carlo method to simulate the consequences of various possible interactions while taking into account the probability of their occurrence. By running a large number of simulations it’s possible to stress-test the project in multiple scenarios and identify emergent risks.

Testnet Deployment

If possible, it's highly beneficial for projects to extend the testing phase even further by letting real users use the network. Idea is the same as in agent-based testing - continuous optimization based on provided metrics. Furthermore, in case the project considers airdropping its tokens, giving them to early users is a great strategy. Even though part of the activity will be disingenuine and airdrop-oriented, such strategy still works better than most.

Time Duration

Token engineering process may take from as little as 2 weeks to as much as 5 months. It depends on the project category (Layer 1 protocol will require more time, than a simple DApp), and security requirements. For example, a bank issuing its digital token will have a very low risk tolerance.

Required Skills for Token Engineering

Token engineering is a multidisciplinary field and requires a great amount of specialized knowledge. Key knowledge areas are:

  • Systems Engineering
  • Machine Learning
  • Market Research
  • Capital Markets
  • Current trends in Web3
  • Blockchain Engineering
  • Statistics


The token engineering process consists of 3 steps: Discovery Phase, Design Phase, and Deployment Phase. It’s utilized mostly by established blockchain projects, and financial institutions like the International Monetary Fund. Even though it’s a very resource-consuming process, we believe it’s worth it. Projects that went through scrupulous design and testing before launch are much more likely to receive VC funding and be in the 10% of crypto projects that survive the bear market. Going through that process also has a symbolic meaning - it shows that the project is long-term oriented.

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


What does token engineering process look like?

  • Token engineering process is conducted in a 3-step methodical fashion. This includes Discovery Phase, Design Phase, and Deployment Phase. Each of these stages should be tailored to the specific needs of a project.

Is token engineering meant only for big projects?

  • We recommend that even small projects go through a simplified design and optimization process. This increases community's trust and makes sure that the tokenomics doesn't have any obvious flaws.

How long does the token engineering process take?

  • It depends on the project and may range from 2 weeks to 5 months.